The financial sector is totally dependent on technology - and has been since its earliest days. From safes to cheque printing, from premises access control to cash in transit, from internet transactions to money laundering and other risk management.
IPC Systems, Inc. has announced the completion of its pan-Asia-Pacific Optical Network enhancement. IPC's network connects major financial centres via a high-speed, fully-restorable pan-Asian optical network.
Sapiens International Corporation N.V. a global provider of insurance software has acquired Harcase Software, a provider of software to the North American insurance industry.
The Australian Securities and Investment Commission is to outsource a new integrated monitoring system - just in time for taking over a new regulatory role in relation to ASX.
US District Judge Rebecca Pallmeyer has refused an application by Citizens Financial, part of Citizens Bank to toss out an action by an account holder that the bank is responsible for losses after a hacker stole USD26,500 from their account. And there's an interesting account monitoring and money laundering perspective, too.
Actimize has leapfrogged its competitors as its parent company, NICE, announces its purchase of Fortent, formerly known as SearchSpace.
Hardware data encryption specialist Futurex has opened an office in Singapore having won several contracts in AsiaPac in recent months.
Bankers Almanac has added online document verification to its Due Diligence Repository, a service to aid due diligence on banking counter-parties.
Jack Henry Associates is to buy Goldleaf Financial Solutions, Inc. to gain access to global market. Goldleaf specialises in remote deposit applications.
As the drive to reduce counter-time by customers intensifies, Diebold has installed more than 25,000 cash deposit machines in the USA.
HSBC and US company U.S.-based Global Payments Inc. have formed a joint venture to improve the speed and reliability of credit card clearing in both high-volume and emerging markets.