Search Results for: financial institutions
IFRS publishes the global financial reporting language
May 11th, 2016
The 2016 edition of the Pocket Guide to IFRS® Standards: the global financial reporting languagewas published today by the IFRS Foundation. Put together by ex-Board member Paul Pacter, the analysis outlined in the Pocket Guide is conducted across 143 jurisdictions representing 98 per ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
E*TRADE Financial Corporation announces First Quarter 2016 Results
April 22nd, 2016
First Quarter Results Net income of $153 million, or $0.53 per diluted share Adjusted net income of $122 million(1), or $0.43 per diluted share(1), excluding a $31 million income tax benefit related to the release of a valuation allowance ...
Bridgepoint and Summit Partners acquire financial software company Calypso Technology
April 19th, 2016
Calypso Technology, Inc. (‘Calypso’), a leading provider of capital markets software, announced today that it is to be acquired by European private equity fund Bridgepoint and global growth equity investor Summit Partners. The acquisition will support Calypso’s next phase ...
Euronext announces the appointment of its new Chief Financial Officer
April 19th, 2016
Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX) announced the appointment of its new Chief Financial Officer, Giorgio Modica, as Amaury Dauge is leaving the company to pursue new professional projects in fintech in New York. Besides, the finance team is being reorganised ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
PwC Report: Blockchain a ‘Once in a Generation’ Opportunity for Financial Services
March 30th, 2016
Blockchain marks the next “jump” in business process/optimization technology, according to a newly-released PriceWaterhouseCoopers (PwC) report on fintech. The report, “Blurred lines: How FinTech is shaping Financial Services,” compares blockchain to Enterprise Resource Planning (ERP) software that allowed entities and functions within a ...
SWIFT offers secure financial messaging services to CIPS
March 29th, 2016
SWIFT and CIPS sign memorandum of understanding on cross-border interbank payment system cooperation SWIFT has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU sets out plans for a strategic collaboration to ...
Traditional Financial Services Firms fear almost a quarter of their business is at risk from FinTechs
March 15th, 2016
FinTech companies are more bullish, believing they could capture a third of incumbents’ business Results from a PwC survey released today, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market ...
Financial services group based in Japan will Join Blockchain Consortium R3
March 15th, 2016
SBI Holdings, Inc. (Head Office: Minato-ku, Tokyo; Representative Director and CEO: Yoshitaka Kitao; “SBIH”) hereby announces that it will join blockchain consortium R3 led by R3 CEV LLC (Head Office: New York City, New York State, U.S.; CEO: David ...
