Thursday, September 15, 2011

Trade Finance solution for midsize banks:

Trade Finance solution for midsize banks: the extended Temenos T24 banking suite Deutsch
Trade, Economy, Finances, Banking & Insurance
Press release from: Temenos Germany
PR Agency: Citigate Dewe Rogerson
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Frankfurt am Main, 6 September 2011 - Temenos, a global leader in core banking specialist, adds his T24 Deutsch Banking Suite (T24 GBS) with extensive functions for handling the document-based international business plans.
Analogous to the other T24 GBS packages is the design of this package designed to reduce costs and implementation times and to minimize risks. With him also with banks have limited IT budget via automated processing functions that are usually reserved for the major players in the market. The package is now ready for implementation.

The combination with the T24 GBS Wholesale Package offers midsize banks, a modern tool for an integrated and consistent operational efficiency. Functions as security, limit monitoring and evaluation controls the underlying base at T24 GBS Package.

Tuesday, September 6, 2011

News: German bank - the UK under investigation for suspected fraud

- The UK regulator Serious Fraud Office (SFO) has apparently, according to a media report of investigations against the German Bank AG (ISIN DE0005140008 / WKN 514000) is initiated.

According to a report in the "Financial Times" (Monday), the SFO is currently examining whether deals and transactions of various banks, including Deutsche Bank, to customers in Great Britain knowingly presented false and fraudulent ways were. According to industry newspaper, the SFO was concentrated in the past two years primarily on transactions with so-called asset-backed securities. After the collapse of U.S. real estate bubble had many investors who had acquired with repayments of mortgage loans backed financial derivatives, some suffered heavy losses. In addition to Deutsche Bank, the SFO determined according to the report, among other things against the U.S. bank Goldman Sachs Group Inc. (ISIN US38141G1040 / WKN 920 332).