FT Interactive Data Announces Alliance with Temenos; Customers benefit from the automation of file delivery and security univer
June 08 2006 - 4:30AM
Business Wire
FT Interactive Data, an Interactive Data business (NYSE: IDC) and a
leading supplier of financial information to global markets, and
TEMENOS, a leading provider of integrated modular core banking
systems, today announced that they have entered into an alliance to
provide a wide range of FT Interactive Data's content via TEMENOS
T24(TM). FT Interactive Data is providing global pricing and
evaluations, corporate action and reference data via an interface
to the TEMENOS T24(TM) banking system. Also included is FT
Interactive Data's European Union Savings Directive (EUSD) data,
which is fully integrated with the TEMENOS EU Tax module. An
automated upload of FX rates and periodic interest rates, as well
as a market indices update, is additionally available. The
interface, which is flexible and customisable, enables the
automation of pricing and evaluation data for securities stored in
TEMENOS T24(TM). Users may select from different price types -
including FT Interactive Data's independent bond evaluations
service - to help with portfolio valuation. Covering a set of
standard fields, the interface allows users to create new and
update existing security records in the TEMENOS T24(TM) Security
Master. Users also have the flexibility to enhance the interface to
incorporate user-defined areas. Automatic generation of dividend
and coupon payments, which are then processed within TEMENOS
T24(TM), is available. The TEMENOS T24(TM) banking system combines
comprehensive and powerfully flexible business functionality with
advanced and scalable architecture. TEMENOS T24(TM) is built on
open architecture, offers low cost of ownership and uses
established standards such as HTTP, XML and J2EE. Data processing
within TEMENOS T24(TM) is fully automated and does not require any
user intervention other than data verification tasks. Graham Parry,
manager of FT Interactive Data's European Business Development
Group, said: "We are in the final stages of rigorously testing the
interface with TEMENOS and are pleased with the flexibility of the
service. Benefits of the interface include the automation of file
delivery and security universe maintenance, as well as a broader
range of data items and asset classes. Our cooperation with TEMENOS
reflects FT Interactive Data's strategy to work with software
vendors for the benefit of customers." Mark Gunning, Group strategy
director, TEMENOS, added: "Our alliance with FT Interactive Data
enables us to deliver a much more comprehensive offering to our
clients. As well the standardised interface giving clients a
pre-configured template to deliver mission critical data, FT
Interactive Data will also be able to provide data that will help
our clients address regulations such as MiFID. We believe that this
alliance will bring benefits to both new and existing TEMENOS
customers." About Interactive Data Interactive Data Corporation
(NYSE: IDC) is a leading global provider of financial market data,
analytics and related services to financial institutions, active
traders and individual investors. The Company's businesses supply
time-sensitive pricing, evaluations, dividend, corporate action and
reference data for more than 3.5 million securities traded around
the world, including hard-to-value instruments. Many of the world's
best-known financial service and software companies subscribe to
the Company's services in support of their trading, analysis,
portfolio management and valuation activities. Through its
businesses, FT Interactive Data, ComStock, CMS BondEdge and
eSignal, Interactive Data has approximately 2,200 employees in
offices located throughout North America, Europe, Asia and
Australia, and is headquartered in Bedford, MA. Pearson plc (NYSE:
PSO; LSE: PSON), an international media company, whose businesses
include the Financial Times Group, Pearson Education, and the
Penguin Group, owns approximately 62 percent of the outstanding
common stock of Interactive Data Corporation. FT Interactive Data
provides global securities pricing, evaluations, dividend,
corporate action and reference data designed to support financial
institutions' and investment funds' pricing activities, securities
operations, research and portfolio management. FT Interactive Data
collects, edits, maintains and delivers data on more than 3.5
million securities, including daily evaluations for approximately
2.5 million fixed income and international equity issues. FT
Interactive Data specialises in 'hard-to-value' instruments and
'hard-to-get' information from emerging markets. Evaluated pricing
is provided in the U.S. through FT Interactive Data Corporation and
internationally through Interactive Data (Europe) Ltd. and
Interactive Data (Australia) Pty Ltd. For more information, please
visit: www.interactivedata.com About TEMENOS Founded in 1993,
TEMENOS Group AG is a provider of integrated modular core banking
systems to over 500 financial institutions in 110 countries
worldwide. TEMENOS software provides banks with a single, real-time
view of the client across the enterprise, enabling banks to
maximize returns while streamlining costs. Whether providing 24/7
functionality to the wholesale, retail and private or universal
banking sectors, partnering with central banks on core system
replacement, or working with the World Bank on solutions for the
emerging markets, TEMENOS knows banking. The company has a
transparent approach to its operations and brings to bear its
experience, expertise, commitment and professionalism on every
project. Headquartered in Geneva, Switzerland, the company has 39
offices in 31 countries and is listed on the main segment of the
SWX Swiss Exchange (TEMN). For more information, please visit:
www.temenos.com
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Interactive Data (NYSE:IDC)
Historical Stock Chart
From Jul 2023 to Jul 2024