Electronic foreign exchange trading platform FXall and SunGard say they have linked FXall's platform to the SunGard Transaction Network (STN). The connection allows FXall's customers to trade institutional money market funds directly on their browser using STN's portal and lets SunGard's clients use FXall's foreign exchange trading solution, according to the companies.
Kyriba, which provides a web-based treasury management product, and Institutional Cash Distributors (ICD), an Internet portal for institutional money market investing, say they have formed a partnership aimed at facilitating corporate treasuries' investment management. Integrating Kyriba's platform with the ICD portal will allow straight-through processing of treasuries' investments and give them better visibility on their cash flows, according to the two companies. ICD is a unit of financial services firm Merriman Curhan Ford & Co.
Citi announced the launch of a new payment solution, Citi Virtual Card Accounts, that generates unique card numbers for transactions. Deploying virtual cards as part of a commercial card program can provide companies with more security and greater control, according to Citi, which says the one-off cards could be useful for purchases transacted over the Internet or by phone or mail, or for post-invoice payments. Virtual Card Accounts are available with local currency issuance and settlement in almost 50 countries, according to the bank.
Recommended For You
SWIFT, the financial communications cooperative, announced that it has launched Easy Exceptions and Investigations, a solution that automates the time-consuming process of resolving payments that have gone astray. The new solution includes access to SWIFT's Exceptions and Investigations service, which uses XML standards, four workflows and a rule book to process enquiries. The solution also provides a third-party cash management application and online training.
Northern Trust says it is now providing securities lending clients with a dashboard that lets them access key metrics without running reports. The information available on the dashboard includes loan and collateral balances and total earnings on assets lent out, as well as information on collateral pools, such as the pool's market value and the client's percentage of ownership, according to Chicago-based Northern Trust. The dashboard also features commentary, including a monthly electronic newsletter, Securities Lending Market Intelligence.
MasterCard and CyberShift, a Parsippany, N.J.-based provider of expense management software, say they have struck an alliance that will allow financial institutions that issue MasterCards to provide corporate customers with CyberShift Expense, a solution that lets employees manage their business travel and expense reporting. CyberShift says its solution, which is delivered via a software-as-a-service model, integrates well with other business processes. MasterCard's alliance with CyberShift targets middle-market customers.
J.P. Morgan says it has enhanced its U.S. Dollar Clearing-Asia Direct by increasing the number of banks to which clients have direct access by adding banks that are members of Japan's Tokyo Dollar Clearing system. Clients use the dollar clearing system to make U.S. dollar payments in Asia. J.P. Morgan says it has also implemented intelligent routing technology that will speed settlement for its customers.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
