Banks are using computer systems that are “unfit for purpose” and as a result have little idea what is going on inside their own businesses, according to a new in-depth report on the technological problems facing the industry.
Knight Capital is fighting for survival after a $440m (£283.6m) trading loss caused by a software glitch wiped out much of its capital, forcing Knight to seek new funding as its shares plunged as much as 80pc in two days.
DST Global Solutions will be showcasing its corporate actions automation solution, powered by XSP’s v5 platform at Mission 2012, the Financial Services Council’s annual conference held on the Gold Coast from August 1-3, 2012.
“Regulatory Filings Manager is a natural extension of our enterprise-tested data management tools,” says Phil Christianson, product manager for ConvergEx’s Eze Castle Software.
Through GWS, SEI will provide them with private client investment processing, and administration services for its GBP 1.8bn private client business.
The service brings a choice of 130 global currencies to the bank's clients in the UAE, Bahrain, Oman and Qatar and is seamlessly accessible to all corporate clients via the bank's online banking platform.
Financial Planning can be done on IPads, investment research materials or price alerts will be sent from client websites, or have the information pushed via short message service, emails or mobile applications.