Theresa Carey

IBM and the New York Stock Exchange announced this week that they are collaborating on a new order management and messaging system in support of the 1.6 billion shares traded daily. The order management system includes 3,000 handheld devices, designed by IBM Engineering & Technology Services, that will be used by brokers on the trading […]

Bottomline Technologies has expanded its fBPM (financial business process management) solutions, which are designed to streamline paper-driven order-to-cash and purchase-to-pay processes. The company now offers a set of fBPM software and service solutions that may be deployed across an enterprise or at a departmental level. Bottomlines fBPM applications include Document Creation, Imaging and Archiving for […]

SAN FRANCISCO—MasterCard announced at Oracle Corp.s OpenWorld show e-P3, a system that integrates purchasing, invoice presentment and payment. e-P3 is designed to provide organizations with an alternative to todays slow, labor-heavy, paper-based purchasing grind. Prospective users of e-P3 are running Oracle Financials and use the MasterCard Corporate Purchasing Card. MasterCard e-P3 automates the financial and […]

SAN FRANCISCO—For banks to realize new revenue streams as payment transactions evolve, they need to redefine their value proposition to existing and prospective customers. Panelists here at Oracle Corp.s OpenWorld session titled “Fueling Your Payments Revenue with High Octane Information” said banks must go beyond managing the movement of money and consider managing the information […]

Cyota, which provides anti-fraud and security solutions for financial institutions, has revealed several key results of its anti-phishing service, FraudAction. Cyotas anti-phishing solution, developed in mid-2003, went public in January 2004. FraudAction, currently in use by 5 top American and British banks, includes real-time alerts, detailed severity assessments, site shutdown services, forensic work and proprietary […]

BITS, a nonprofit consortium of 100 of the largest financial institutions in the United States, last month published the BITS Guide to Business-Critical Telecommunications Services, which is intended to advance the resiliency of telecommunications services used by the financial services industry and strengthen the nations critical infrastructure. The BITS Guide helps financial institutions better evaluate […]

Trading Technologies International Inc. has expanded the functionality of its X_Trader Pro order entry software with the addition of 28 add-on components created by Trading Technologies Professional Services group. The product suite allows many types of users, including traders, brokers and risk managers, to customize X_Trader according to their preferences. Trading Technologies develops trading software […]

2004 will be remembered as a year of consolidation and reactions to regulations in the financial services industry. Mergers and Acquisitions This year featured quite a few mergers and acquisitions in the financial technology space—most welcome, such as Banc of America Securities purchase of Direct Access Financial in March, Bank of New Yorks buyout of […]

The New York Stock Exchange has filed additional information on its hybrid market with the U.S. Securities and Exchange Commission, clarifying the rules and functionality of the expanded NYSE Direct+ automatic order-execution service. The supplemental filing details the rules governing automatic-execution orders, sweeps of the limit-order book, specialist and broker interest files and algorithms, and […]

Details of Microsofts latest foray into the small-business accounting market are coming to light now that the company has confirmed that its working on a new version of Office that will be released in late 2005. /zimages/4/28571.gifClick here to read about Microsofts next Office release, Office 12. The new Office release will add a new […]