Six more banks have signed on with financial messaging and services cooperative SWIFT to help develop the Know Your Customer (KYC) Registry, a centralized repository that maintains a standardized set of information about banks required for regulatory due diligence processes, according to a company statement. Barclays, Deutsche Bank, Erste Group Bank AG, HSBC, ING and… Read More >>
SWIFT CIO Retires
Mike Fish, SWIFT’s chief information officer and head of information technology and operations, is retiring after 15 years at the financial cooperative. He will step down on January 31, 2015. In the meantime, SWIFT will “identify and appoint his successor,” with both internal and external candidates under consideration, according to SWIFT’s statement. Fish has “steered… Read More >>
SWIFT Makes New Compliance Appointments
Financial messaging and services cooperative SWIFT has appointed Christopher Johnson and Fedra Ware to the newly created positions of practice leads, compliance services, for the Americas. They will lead SWIFT’s efforts in financial crime compliance, including sanctions screening and testing, know your customer (KYC), anti-money laundering (AML) and compliance analytics, according to SWIFT, which connects… Read More >>
The ADR Project’s Big Spinoff
A successful pilot project to automate corporate actions processing for American Depositary Receipts has inspired XBRL International’s Standards Board (XSB) to think seriously about a global corporate actions taxonomy (dictionary) for a digital language — the eXtensible Business Reporting Language (XBRL) — that could bring a new order to the reporting of corporate actions data…. Read More >>
ADR Corporate Action Processing Grows Up
Michael Silverence is hoping that the days of using PDFs to spread the word in the U.S. and globally about the corporate actions impacting American Depositary Receipts (ADRs) are numbered. The BNY Mellon vice president, who oversees global product management, particularly innovation and technology, has been heavily involved in a project to automate corporate actions… Read More >>
SWIFT Opens Office in Mexico City
Financial messaging and services cooperative Swift has opened a new office in Mexico City, which will be headed by Ruben Galindo, director, sales services for Mexico, who will report to Jairo Namur, regional manager, Latin America. Galindo was previously regional product head for Latin America at HSBC. The Mexico City expansion is in response to… Read More >>
SWIFT Upgrades Bankers World Online Directory
SWIFT has launched of a new version of its online query tool Bankers World Online directory to meet industry demands for a comprehensive source of financial data to meet an ever-growing number of regulatory reporting requirements, say officials of the financial messaging and services cooperative. SWIFT reports that the BWO directory, which is part of… Read More >>
SWIFT Adds BI Tool to Compliance Suite
Financial messaging cooperative SWIFT has launched a new business intelligence tool Compliance Analytics, an addition to its compliance services suite that is intended to help banks mitigate financial crime risk. Compliance Analytics has been crafted to assist banks in their analysis of their own SWIFT traffic data. The tool was created to identify anomalies in… Read More >>
SWIFT Acquires Crime Fighters as Newedge Fills Execution Post
SWIFT Acquires Omnicision, Adds Financial Crime Team A new group of financial crime fighters has joined the SWIFT financial messaging and services consortium via the acquisition of Omnicision, the UK-based provider of financial crime prevention services and solutions. The new crime fighters from Omnicision bring specialist skills in such areas as sanctions, anti-money laundering rules… Read More >>
Breaking News Update: ISITC Eases Ban on Press
An industry trade group that advocates transparency, ISITC initially banned and then let media attend a keynote address by Carla Harris, vice chairman, global wealth management, managing director and senior client advisor at Morgan Stanley, who spoke Monday morning. Her speech, however, was still off the record. Focused on developing industry standards, the International Securities… Read More >>
