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Abingdon, United Kingdom, 23rd July 2009 - Conduit Partners Limited, the UK's leading specialist in early stage business-building for technology-based companies, today announces that it has completed a successful one-year programme to secure rapid revenue breakthroughs for early-stage businesses in a programme co-funded by participating businesses and Scottish Enterprise, Scotland's enterprise, innovation and investment agency. As a result of its success, Conduit's "Commercial Breakthrough Service" contract has been extended by Scottish Enterprise, with the aim to put at least ten companies per year through the programme. Working in partnership with Scottish Enterprise, Conduit Partners helped a number of Scottish companies to generate additional sales revenue and build their product Marketing and Sales capabilities. The companies enrolled in the programme included ... (more)

XML Authoring in the Financial Services Industry

XML is fast becoming an integral part of information management workflows in the financial services industry, and the trend is moving toward even wider adoption. According to the analyst firm ZapThink: The financial services sector spent more than $195 billion on information technology in 2001, with $985 million invested in XML technologies in 2002. Expenditures on XML technologies in the financial services sector will grow to more than $8.3 billion by 2005. XML-based content management and single-source publishing can reduce the total cost of publishing by up to 75%. In the financial services industry, effective information management can make the difference between success and failure. Individual investors, for example, want fast access to the current value of their mutual funds and other investments. They want to access such information via an expanding range o... (more)

From Desktop to Server: Speech Recognition Moves Upstream

Speech recognition is the process by which computer-based software converts audible voice into digital text. When you think of computer-based speech recognition, most people picture someone sitting at a desk, wearing a headset microphone, dictating large volumes of text into a desktop system. But speech-recognition technology, over the past decade, has moved from the desktop to the server, from use by an individual to use by the enterprise. Take the following examples: "Can you tell me what IBM stock closed at last night?" "I'd like to transfer two thousand dollars from my savings to my checking account please" "Connect me to Kim Kemble in Boca Raton" "Subjective colon 32-year-old white female in for evaluation period Patient describes injury of left ankle period "Objective colon Patient presents in mild distress and pain period Heart colon Regular rate and rhythm pe... (more)

Prudential Financial Automates Mutual Fund Trading With Delta Data Software's Trade Manager (TM)

COLUMBUS, Ga., March 22 /PRNewswire/ -- Delta Data Software, Inc., a proven provider of technology to the financial services industry, today announced that Prudential Retirement, a business of Prudential Financial, Inc., a major worldwide provider of investment products and services, has implemented Delta Data Software's Trade Manager(TM). The solution gives Prudential Retirement enterprise-wide automated mutual fund trading capabilities and provides the company with greater control over the entire trading lifecycle, while at the same time affording significant reductions in the cost of trading. Prior to implementing Trade Manager, Prudential utilized the services of another Prudential company, Prudential Securities, for its mutual fund trading. Following the combination of Prudential Securities and Wachovia Securities in 2004, the firm decided to align its trade des... (more)

Eagle Investment Systems Provides Solutions in Record Time for Investment Management Client

BOSTON, April 11 /PRNewswire/ -- Eagle Investment Systems Corp. today announced that Fort Washington Investment Advisors, Inc. based in Cincinnati has fully deployed Eagle's portfolio management, performance measurement, and information delivery solutions to help manage $25 billion in assets* for fixed income, balanced, and equity strategies. Eagle's professional services team led the implementation project, which was completed under budget in just six months. "Eagle Investment Systems has helped us improve internal automation while providing the functionality to calculate performance according to our specific needs," said Mark Frietch, vice president of Investment Operations for Fort Washington Investment Advisors. "By deploying Eagle's solutions quickly and under budget, we are heading down the right path to meeting our goals. We are very pleased with the process... (more)

Electronic Reporting for Cayman Islands Regulated Funds now Underway

GEORGE TOWN, Grand Cayman, March 30 /PRNewswire/ -- The mechanism for the electronic submission of annual returns for funds licensed, registered and administered in the Cayman Islands is now in place. With it, electronic reporting for all funds regulated under Cayman's Mutual Funds Law has begun. Following successful industry testing, CIMA released on its website the electronic Fund Annual Return (FAR) form and has opened the internet portal through which funds' local auditors will submit the required returns. Related guidance notes have also been released. The FAR and each fund's audited accounts are to be submitted to CIMA through the local auditors within six months of the fund's financial year-end, beginning with those funds that have a year-end date on or after 27 December 2006. CIMA has been developing the electronic reporting initiative for funds for several ... (more)

SOA, RIA and the Human Factor

While delivering a talk on SOA I've asked the audience the following question, “What do you think is the driving force for implementing any technology or architecture in a decent size Enterprise?” The answers were typical – better code re-usability, accessibility… But I was looking for a different answer that has nothing to with technical merits of any technology.  Based on what I see in the real world enterprises, the main reason of implementing SOA (or any other IT initiative) are career goal of individuals working in this organization. People want to become more visible and move up the career ladder. Implementing SOA across organization can make enough noise to move them to the next level.   SOA Ground Up The SOA in your firm can evolve from the ground up. For example, an ambitious architect attends conferences, goes through training, reads... (more)

Leaders Should Just Lead

One has to wonder what business leaders are thinking sometimes when they utter things that they have to know are going to send waves throughout the universe. The iconic Warren Buffett opened up his mouth in May 2009 and turned the financial world on its head. In an interview, Mr. Buffett chose to express his views of the current economic times by saying, “this is an economic Pearl Harbor” and equated the current financial situation in the United States to “falling off a cliff.” These comments may seem innocent enough. But coming from a financial executive who has changed a whole generation's view of finance, these words are quite devastating to a country that is already reeling. Buffett's words carry weight in arenas that we would not normally consider. The ripple effect can be staggering. As a seasoned executive, he should have chosen his words a bit more carefu... (more)

Litle & Co. Expands Sales-Business Development Team

LOWELL, Mass., August 4, 2009-Litle & Co., a leading payment processor and merchant services provider for card-not-present commerce, today announced several strategic new hires within its sales and business development organizations, all designed to channel growing demand for the company's payment management platform and merchant services suite.   Thomas Murphy has joined Litle & Co. as Vice President, Sales.  Murphy brings more than 20 years of business development and technology sales expertise to the role responsible for managing and executing the company's sales strategy as the company continues its rapid growth.  Prior to joining Litle & Co., Murphy was Vice President, Business Development for the BuyDomains division of NameMedia, where he set and led sales strategy, planning and business development.  Murphy previously served as Director, Sales for Yankee Gro... (more)

Home Prices Rise in U.S.

Home prices in the U.S. rose for the first time in 3 years according to Standard & Poor's Case-Shiller Index. This is the first increase after 34 months of continuous declines. This may be the news we're looking for to indicate that maybe the worst is behind us. Read more Many economists actually do believe that we have already hit bottom and the worst is behind us. Although it’s a good sign that we’ve seen an increase, the year over year decline is still at about 17.1 percent. Read more ... (more)

Ten Tips to Spice Up Your Website with Financial Information

eCommerce Journal on Ulitzer Xignite, Inc., a provider of cloud services on-demand financial market data and application components, has announced its top 10 recommendations for leveraging Web services to add content, improve stickiness and create value for users of financial websites. If you’re looking for new ways to attract customers, readers, gamers or friends to your website, then adding relevant, high-value financial information to your site might be just the ticket. Before the Web, high quality financial information was hard to get. You either had to go through a financial advisor like a broker-dealer, or you had to get expensive direct feeds from financial data providers and news wire services. Now there are lots of general news and specialty financial sites that provide financial information on the Web. But, what you may not know is that the same professi... (more)