Tag Archives: bank

Core banking solutions vs pricing and billing solutions

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With the banking sector witnessing exceptional growth over the last few years, the industry has seen the introduction of newer technologies in order to serve the ever-increasing need of its customers. Core banking solution can well be said to be the brainchild of this innovation. Continue reading

Japan and China to launch yuan and yen direct trading

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Japan and China said Tuesday they will start direct currency trading this week, marking the first time Beijing has let a major unit other than the dollar swap with the yuan. The move, which will scrap the US currency as an intermediary unit, comes as China introduces measures as part of a long-term goal to internationalise its currency, Currency Exchange Toronto and rival the dollar as the world’s benchmark. The yuan-yen trade — part of a wider deal reached last year between Beijing and Tokyo to forge closer ties — will also be allowed to move in a wider range than the narrow band at which the dollar and yuan change hands, Dow Jones Newswires and the Nikkei business daily reported. Continue reading