E1 Asset Management

Santander | March 13, 2020

Banco Santander is to acquire a majority 50.1% stake in Spanish trade finance software house Mercury TFS through a €30 million investment. Santander has used Mercury TFS’s services in Spain, Mexico, Chile and Germany for years, helping customers to manage their entire trade finance activity online or via mobile phone. The bank's businesses in the UK and Portugal will begin using it at year-end through Global Trade Services (GTS), Santander's global trade platform. The head of ...

CORE BANKING

Volante, Citi | January 19, 2021

Volante Technologies, the global pioneer in cloud payments and financial messaging, and Citi Treasury and Trade Solutions (Citi) are developing their longstanding relationship to quicken the bank's appropriation of the ISO 20022 financial messaging standard across its global payments operations. Because of this joint effort, Citi will be the principal Volante client to offer a brought together way to deal with ISO 20022 migration across the globe. Citi will be building its cor...

AutoRek | June 12, 2020

In a recent response to COVID-19, the FCA have commented that firms in general have been able to respond well. There have been no significant erosions of client’s access to services and business continuity arrangements seem to be working as planned. Glitches have been worked through and it feels as though financial services firms are adapting to a new way of doing business. The FCA’s business plan published in May 2020 outlines areas of prioritisation over the next 1-3 years and the ...

JPMorgan | March 02, 2020

Banks likely hold the equivalent of $1.2 trillion worth of short positions in 10-year Treasuries, suggesting any rebound in yields could be capped if they cover their bets, according to JPMorgan Chase & Co. Expectations in 2018 for interest-rate rises from the Federal Reserve led banks to position themselves short duration, wrote strategists including Matthew Jozoff in a note Feb. 28. The recent “vicious” rate rally has exacerbated this already painful positioning and the financi...