Financial institutions across Asia Pacific are trailing behind their Western counterparts in preparations for evolving global tax reporting regulations due to cultural and regulatory issues, according to a new report by compliance software specialist Wolters Kluwer Financial Services and the GRC Institute (GRCI), the association for Asia-Pacific governance, risk management and compliance professionals. Canvassing 40… Read More >>
Nippon Wealth Deploys AML, Regulatory Reporting Suite
Nippon Wealth Ltd., a restricted license bank (NWB) in Hong Kong, will be using the anti-money laundering (AML) and regulatory reporting solution capabilities of OneSumX, a suite from Wolters Kluwer Financial Services, officials say. Nippon Wealth, which is focused on Japan and the rest of Asia, will use the OneSumX suite for governance, finance, risk,… Read More >>
Wolters Kluwer Taps Daiwa to Fill EMEA Post
Professional services vendor Wolters Kluwer has hired Paul Lyon from Daiwa Capital Markets, the investment banking arm of Japan’s Daiwa Securities Group, to fill the newly created role of director of corporate communications for Europe, the Middle East and Africa (EMEA), officials say. Lyon will be based in London and asked to “develop and execute… Read More >>
Wolters Kluwer Fills Top Post for Compliance Unit
Wolters Kluwer Legal & Regulatory Solutions, a provider of solutions and expertise for compliance professionals, has named Gregory Samios to be president and CEO of Wolters Kluwer Law & Business. Samios, a 20-year veteran whose appointment becomes effective September 8, 2014, succeeds Robert Lemmond in the post. Samios joins Wolters Kluwer from Kaplan Test Prep… Read More >>
Amsterdam Trade Bank Picks Wolters Kluwer
The Amsterdam Trade Bank (ATB), part of Alfa Bank, one of Russia’s largest private banks, has picked Wolters Kluwer Financial Services’ finance, performance, risk and regulatory reporting solution suites for its operations in the Netherlands, Wolters Kluwer reports. “ATB chose the solution to help standardize its operations and improve consistency and usability of its data… Read More >>
NSCC Lobbies for an Alert System for Trading Limits as Fiserv Ports TradeFlow to Linux
NSCC Seeks SEC Approval for Limits Alert System The National Securities Clearing Corp. is seeking the SEC’s approval for a key component of a monitoring system that will alert firms to trading activity that hits or exceeds trading limits.A subsidiary of the DTCC, the NSCC wants to provide its members with a new tool… Read More >>
Wolters Kluwer Fills EMEA Post as Options Hires Ex-NYSE Euronext Exec
Wolters Kluwer Fills EMEA MD Post Vendor Wolters Kluwer Financial Services has appointed Clive Pedder as managing director, Europe, Middle East and Africa where he will oversee the growth strategy for the finance, risk and compliance business in the region, officials say.Pedder was most recently an executive vice president of SunGard’s capital markets business and… Read More >>
Stanley Young Leaves Bloomberg as a Regulatory Support Trio Creates ‘Cordium’
Stanley Young Leaves Bloomberg Stanley Young, the CEO for enterprise products and solutions (EPS) at Bloomberg for the past year, has confirmed that he has left the market data and media giant. “I have left Bloomberg and I am not yet ready to talk about where I am going,” said Young in an emailed response… Read More >>
FTF News Announces Winners of the 2013 Technology Innovation Awards
Topping the list of winners in this year’s FTF News Technology Innovation Awards are Tim Lind, global head of middle office and entity for Thomson Reuters, chosen as the FinTech Innovator of the Year, and Ludwig D’Angelo, executive director, J.P. Morgan Worldwide Securities Services, named as the Ops Business Person of the Year. SmartStream Technologies… Read More >>
No Layoffs after Wolters Kluwer Acquires FinArch
No Layoffs after Wolters Kluwer Acquires FinArch No layoffs are planned as a result of Wolters Kluwer Financial Services’ acquisition of FinArch, say officials at Wolters Kluwer, maker of risk management, compliance and audit solutions.As part of the agreement announced this week, Wolters Kluwer will get FinArch’s approximately 200 employees and more than 150 customers…. Read More >>
