STP

Security Bank drives digital transformation of wealth management business with Avaloq

Retrieved on: 
Wednesday, February 28, 2024
Wealth management, STP, Bank, Security Bank, Growth, AUM, Communication, Avaloq, Automation, Software, Partnership, Financial services

Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.

Key Points: 
  • Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.
  • Arnold Bengco, Financial Markets Head at Security Bank, said: "The bank's strategic partnership with Avaloq will strengthen our wealth management capabilities even further.
  • With Avaloq's specialized wealth management platform and RM Workplace solution, we can further expand our wealth management business to help individuals and businesses in the region grow and preserve their wealth.
  • We are proud to work closely with Security Bank to support the growth of the Philippines' wealth management sector."

RegEd Launches Producer Management and Licensing Automation Technology Bundle for Midsized Insurers and Distributors

Retrieved on: 
Thursday, February 15, 2024
Xchange, X-Change, SVP, STP, Product management, Risk, API, Organization, Automation, Rheged, Insurance

Core package and add-on options span the most advanced licensing and producer management capabilities in the industry:

Key Points: 
  • Core package and add-on options span the most advanced licensing and producer management capabilities in the industry:
    Insurance Licensing Automation: Streamline and automate the insurance licensing process, significantly reducing manual effort and enhancing compliance efficiency.
  • Producer Data Reconciliation: Automatically reconcile producer data accurately across regulatory and internal systems, eliminating outdated information and reducing risk.
  • Producer Onboarding: Deliver a fully digital and automated producer onboarding experience, boosting new producer satisfaction and driving speed to market.
  • With this launch, RegEd reaffirms its commitment to providing innovative, scalable solutions that address the evolving compliance needs of insurers, their distributors and other financial services firms.

Digicel goes live with the BroadForward Diameter Router

Retrieved on: 
Wednesday, February 14, 2024
Transfer, ENUM, SCP, STP, GSMA, DRA, ITP, Intelligence, Digital, Diameter, HTTP/2, SIP, RADIUS, International business, SS7, Heart

AMERSFOORT, The Netherlands, Feb. 13, 2024 /PRNewswire/ -- Digital Operator Digicel today announced it now has gone live with the BroadForward Diameter Routing Agent (DRA). The BroadForward DRA has replaced the legacy DRA systems while the BroadForward STP earlier replaced the IP Transfer Point (ITP) systems that were in use at 26 of Digicel's markets in the Caribbean and Central America. At the heart of the Digicel network, the BroadForward DRA provides intelligent routing and interworking of Diameter signaling traffic between multi-vendor network nodes.

Key Points: 
  • Digicel has deployed both the BroadForward STP and DRA, enabling 3G and 4G routing from a common converged signaling solution , capable of also carrying future 5G signaling traffic
    AMERSFOORT, The Netherlands, Feb. 13, 2024 /PRNewswire/ -- Digital Operator Digicel today announced it now has gone live with the BroadForward Diameter Routing Agent (DRA).
  • The BroadForward DRA has replaced the legacy DRA systems while the BroadForward STP earlier replaced the IP Transfer Point (ITP) systems that were in use at 26 of Digicel's markets in the Caribbean and Central America.
  • At the heart of the Digicel network, the BroadForward DRA provides intelligent routing and interworking of Diameter signaling traffic between multi-vendor network nodes.
  • Each deployed product therefore can call upon on-board support for protocols such as Diameter, SS7, SIP, ENUM, RADIUS, and HTTP/2.

Digicel goes live with the BroadForward Diameter Router

Retrieved on: 
Wednesday, February 14, 2024
Transfer, ENUM, SCP, STP, GSMA, DRA, ITP, Intelligence, Digital, Diameter, HTTP/2, SIP, RADIUS, International business, SS7, Heart

AMERSFOORT, The Netherlands, Feb. 13, 2024 /PRNewswire/ -- Digital Operator Digicel today announced it now has gone live with the BroadForward Diameter Routing Agent (DRA). The BroadForward DRA has replaced the legacy DRA systems while the BroadForward STP earlier replaced the IP Transfer Point (ITP) systems that were in use at 26 of Digicel's markets in the Caribbean and Central America. At the heart of the Digicel network, the BroadForward DRA provides intelligent routing and interworking of Diameter signaling traffic between multi-vendor network nodes.

Key Points: 
  • Digicel has deployed both the BroadForward STP and DRA, enabling 3G and 4G routing from a common converged signaling solution , capable of also carrying future 5G signaling traffic
    AMERSFOORT, The Netherlands, Feb. 13, 2024 /PRNewswire/ -- Digital Operator Digicel today announced it now has gone live with the BroadForward Diameter Routing Agent (DRA).
  • The BroadForward DRA has replaced the legacy DRA systems while the BroadForward STP earlier replaced the IP Transfer Point (ITP) systems that were in use at 26 of Digicel's markets in the Caribbean and Central America.
  • At the heart of the Digicel network, the BroadForward DRA provides intelligent routing and interworking of Diameter signaling traffic between multi-vendor network nodes.
  • Each deployed product therefore can call upon on-board support for protocols such as Diameter, SS7, SIP, ENUM, RADIUS, and HTTP/2.

Bloomberg Launches First Fully Automated Basis Trade and Reporting Workflow

Retrieved on: 
Thursday, February 8, 2024
Workflow, Nomura, STP, Cotton factor, Bloomberg, Automation, IRS, Interest rate swap, Equity, FCM, ETS, Euro, Security (finance)

LONDON, Feb. 8, 2024 /PRNewswire/ -- Bloomberg today announced the launch of a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex.

Key Points: 
  • New workflow provides frictionless reporting of Future vs. Interest Rate Swap basis trade
    LONDON, Feb. 8, 2024 /PRNewswire/ -- Bloomberg today announced the launch of a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap (IRS) v Bond Future contracts through Eurex.
  • This new end-to-end workflow allows sell-side participants acting as executing brokers to facilitate a trade using a single interface and benefit from full straight through processing (STP) using Bloomberg's technology.
  • "Increased electronification enables workflow optimization and benefits our clients across the buy and sell-side," said Derek Kleinbauer, Global Head of Fixed Income & Equity E-Trading at Bloomberg.
  • Bloomberg Electronic Trading Solutions (ETS) are used by leading financial institutions to trade efficiently in over 175 markets around the world.

Veeder-Root Announces The Red Jacket® 4 HP Submersible Turbine Pump: Meeting High Flow Demands with Fixed Speed Reliability

Retrieved on: 
Thursday, January 25, 2024
STP, Red, System, GPM, News

This new solution expands the 4” Veeder-Root STP portfolio and offers high throughput, high reliability, and reduced power consumption.

Key Points: 
  • This new solution expands the 4” Veeder-Root STP portfolio and offers high throughput, high reliability, and reduced power consumption.
  • Key Features of The Red Jacket 4 HP STP Include:
    High Performance: The best-in-class fixed speed technology allows sites to service up to 7 simultaneous fuel transactions at the required 10 Gallons Per Minute (GPM) per nozzle.
  • High Reliability: Designed and rigorously tested to meet the same quality standards set by existing Red Jacket STPs that have less than 1% field failure rates.
  • The Red Jacket 4 HP STP went into production at the end of 2023 and is available now.

Boost Payment Solutions Shares Business Momentum Highlighted by Over $12 Billion Processed and a 195% Year-Over-Year Increase in Transactions in 2023

Retrieved on: 
Monday, January 29, 2024
Gold, Financial services, Boost, Partnership, OSV, STP, Silver, INC, Esker, Intercept, Health, Great Places, Yoy, Growth, Online shopping

NEW YORK, Jan. 29, 2024 /PRNewswire/ -- Boost Payment Solutions, a global leader in B2B payments, today shared some of the company's key business highlights from 2023, including having processed a company-record single largest commercial card payment in 2023 in the amount of $50 million. By optimizing B2B payment processes, Boost is helping businesses streamline their operations, optimize working capital, reduce costs, and improve efficiency.

Key Points: 
  • By optimizing B2B payment processes, Boost is helping businesses streamline their operations, optimize working capital, reduce costs, and improve efficiency.
  • "Throughout 2023, Boost has experienced significant growth and success, solidifying our position as a leader in the industry," said Dean M. Leavitt, Founder and CEO of Boost Payment Solutions.
  • Our innovative and patented B2B payment solutions have gained widespread recognition with over 50 percent of the 2023 Fortune 100 companies having made or received payments through the Boost platform."
  • Boost Intercept, patented in the U.S. and Canada, is a straight-through processing (STP) payment technology that eliminates the need for human intervention in payment and reconciliation.

STP Investment Services Appoints Emmy Bernard as Chief Revenue Officer

Retrieved on: 
Wednesday, January 17, 2024
Fintech, Asset Management, Professional Services, Finance, Head, Partner, Lovell Minnick Partners, Executive, STP, Heel, Blueprint, Marketing, Growth, Management

STP Investment Services (STP), a leading global provider of technology-enabled, end-to-end investment servicing solutions, today announced the appointment of Emmy Bernard as Chief Revenue Officer.

Key Points: 
  • STP Investment Services (STP), a leading global provider of technology-enabled, end-to-end investment servicing solutions, today announced the appointment of Emmy Bernard as Chief Revenue Officer.
  • Reporting to CEO Dan Houlihan, Bernard oversees sales, relationship management, marketing, and revenue operations.
  • Bernard draws from over 20 years of sales and marketing leadership experience in the financial services industry.
  • “Our deep bench, white-glove service model, and commitment to being tech-forward make STP ripe for partnerships with firms also in a growth mode.”

Temenos Launches LEAP – the AI-Powered Offering to Help Banks Modernize Faster

Retrieved on: 
Wednesday, January 17, 2024
Cloud, Development, Architecture, API, Operation, Software as a service, AI, STP, Organization, TLC, Retirement, Automation, LEAP, Growth

LEAP gives Temenos core banking clients using older solutions the opportunity to modernize by moving seamlessly and quickly to a new, advanced, API-driven, cloud-native architecture.

Key Points: 
  • LEAP gives Temenos core banking clients using older solutions the opportunity to modernize by moving seamlessly and quickly to a new, advanced, API-driven, cloud-native architecture.
  • Temenos’ modern platform makes it easier to expand into new sectors and markets, stay ahead of competitors and ultimately take advantage of the benefits of Temenos Banking Cloud and SaaS.
  • In addition, it gives banks access to the large Temenos Exchange ecosystem of partners, and an easier and customizable user experience.
  • Compared to traditional upgrade projects, Temenos LEAP enables banks to modernize in just months, using the power of AI, and ready-to-use service packages, supported by extensive training enabled by the Temenos Learning Community (TLC).

Wise Market Broker on the Verge of a Transformative USD 50 Million Takeover by Middle Eastern Investors

Retrieved on: 
Tuesday, December 19, 2023
Acquisition, Growth, USD, STP

This transition aligns with the buyers' long-term vision to evolve Wise Market into a prominent Liquidator Provider.

Key Points: 
  • This transition aligns with the buyers' long-term vision to evolve Wise Market into a prominent Liquidator Provider.
  • The acquisition aims to fully leverage Wise Market's established market prospects and enhance its offerings, making it more competitive and appealing in the global market.
  • In essence, the impending USD 50 million acquisition of Wise Market by Middle Eastern firms aims to be a game-changer in the trading industry.
  • The potential transformative impact of this acquisition promises to redefine the boundaries of trading with technological innovation, improved trader benefits, and significant market influence.