Scotiabank purchases wholesale unit in Brasil
Capital IQ, a provider of data and analytics for financial services firms, will buy out smaller competitor TheMarkets.
Netezza to be acquired by IBM for USD 1.7 Billion
IBM is to acquire Massachusetts based Netezza Corporation which is a global leader in data warehouse appliance.
Prudential expands its Japanese presence with purchase of two AIG units
Prudential and American International Group (AIG) have reached an agreement for Prudential to purchase two of AIG’s life insurance units in Japan for USD 4.2 billion.
Deutsche Bank to get a jump on raising capital to meet Basel 3 requirements
Deutsche Bank is set to raise approximately USD 11.4 billion of capital in order to comply with Basel III requirements that will most likely be released this weekend.
Orc Software chosen by Eik Bank for trading on Nasdaq
The Denmark Eik Bank has selected trading software from Orc Software in order to maintain the banking institution’s proprietary trading.
GBST Shares platform selected by Commonwealth Bank of Australia
Commonwealth Bank of Australia’s Institutional Equities Division has chosen GBST Shares platform in order to assist its broking service division.
SS&C Technologies software enabled service chosen by Essent Guaranty
Essent Guaranty, a mortgage insurance company, has selected SS&C’s back and middle office software enabled services in order to aid in its insurance investment accounting functions.
FRSGlobal banking oversight and research solution project will be employed by Central Bank of Oman
The Central Bank of Oman (CBO) has chosen FRSGlobal, the leader in risk and regulatory compliance in order to simplify and manage authorized financial institutions in Oman.
Fidessa trading platform chosen by Germany’s BHF-Bank
Fidessa group’s Software as Service (SaaS) sell side trading platform has been chosen by Germany’s BHF-Bank.
Exeter Friendly Society selects Optial’s OpRisk solution
The UK medical insurance company, Exeter Friendly Society, has selected Optial’s OpRisk solution in order to manage its operation risk and have more efficient internal audits.