Free press releases distribution network?

More news: Software
Agency / Source: JGM Public Relations

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Fintecs Launches MiFIDMap Workbench to Aid Compliance - Fintecs has launched MiFIDMap Workbench, the first visual MiFID software tool
Fintecs Launches MiFIDMap Workbench to Aid Compliance

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/02/08 - Fintecs has launched MiFIDMap Workbench, the first visual MiFID software tool.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Fintecs, the leading financial IT consultancy, has launched MiFIDMap Workbench, the first visual MiFID software tool developed specifically to show compliance officers at a glance the MiFID regulations, how they relate to their own trading processes and - crucially - how far their business processes are compliant. The new software tool has the backing of Microsoft and will save weeks of effort for major financial institutions faced with the headache of becoming MiFID compliant before November.

Says Fintecs managing director Tony Gratton, 'By 1 November 2007, all organisations that trade in, or advise on financial instruments will have to make sure that their trading practices comply with the new MiFID regulations - or face legal penalties. Organisations have only months to put in place changes to their trading processes - a very demanding task for compliance officers. We have developed MiFIDMap Workbench specifically to save them weeks of time and effort in making sure their organisation is compliant.'

MiFIDMap Workbenchis (mifid-map.com) a fully interactive visual tool that visually guides compliance officers through the regulations, and shows how MiFID relates to their own trading processes and how far their business processes are compliant. Managers can interact with the Map, customising it with their own organisation's data to reflect changes in their processes in a see-at-a-glance 'heat map' format.

Fintecs MiFIDMap Workbench has the backing of Microsoft. Says Ian Warford, Industry Director for Securities and Capital Markets EMEA at Microsoft Financial Services, 'Together with our leading financial services partners, we are now offering a solution suite that helps financial institutions comply with MiFID main challenge areas, including Planning and Testing, of which Fintecs MiFIDMap WorkBenchis a key component. With the MiFID deadline only 10 months away, and with many financial institutions still working on making their systems compliant with the EU directive, Fintecs MiFIDMAP Workbench is an important tool that can enable them to visualise their compliance needs and map the progress of the organisations compliance process.'

According to Stephen Mitchell, Head of Compliance with Investment Manager Selection Ltd., 'MiFID is no doubt driving the most significant change in UK regulations since the creation of the FSA and all firms will need to be fully prepared for its implementation in November 2007. MiFIDmap has the potential to assist in both the analysis and project implementation of the MiFID changes and should save significant time and effort.'

As well as the fully interactive MiFIDMap Workbench, Fintecs has also announced the availability of a 'lite' version, MiFIDMap Reader, a visual guide and presentation tool. MiFIDMap Reader enables key staff to view the organisation's progress towards full compliance, as each updated version of the organisation's Map is distributed electronically by the company's compliance officer. MiFIDMap Reader is also an ideal stand-alone entry reference tool for the smaller organisation.

The combination of a fully interactive tool with a simpler low-cost read-only tool means that an organisation can buy a single licence for MiFIDMap Workbench for use by its compliance officer plus an appropriate number of Reader licences for other management staff.

Fintecs MiFIDMap Workbench is priced at £4,500 (ex VAT) for a 1-user licence, while Fintecs MiFIDMap Reader is priced at £1,450 (ex VAT) for a 1-user licence.

As well as being an Independent Software Vendor, Fintecs is also an experienced IT consultancy to the Financial Services industry. Fintecs can provide consultancy support to organisations in the implementation of MiFIDMap.

Fintecs also provides a low volume specialist service printing large-scale full colour compliance Maps and other Business Process Maps.

A trial version off Fintecs MiFIDMap Workbench can be downloaded from the Fintecs MiFIDMap website.

About Fintecs
Founded in 2001, Fintecs (fintecs.com) is a Banking IT consultancy and Independent Software Vendor with in-depth expertise in banking and the financial services industry. Fintecs provides solutions, software development and consultancy services to financial clients and offers a unique approach to the visual documentation of systems, business processes and people. Fintecs has achieved full UKAS ISO 9001:2000 certification, and is a Microsoft Visio Partner.

Fintecs draws on a wealth of experience with all kinds of financial institutions from private banking to trust administration including specialities such as asset management for private and institutional clients.

Fintecs has carried out consultancy projects in countries throughout Europe as well as in Canada. Staff are English-French bilingual and have extensive experience of the Swiss banking system.

Fintecs consultancy work has included business process analysis from front-office to back, data flows, databases and a wide range of software applications, with extensive experience of Project Management, Project Implementation, Systems Integration, and Systems Replacement.

Fintecs is also an Independent Software Vendor and a Microsoft Visio Partner. Fintecs' MiFIDMap Workbench and MiFIDMap Reader are software tools that visually guide the user through the MiFID Directives, how they relate to the organisation and monitors the route to compliance.

Fintecs has carried out banking assignments which include:

On behalf of one of Switzerland's largest private Banks Fintecs managed the relocation of key IT systems between European capital cities while seamlessly maintaining 100% banking IT operations without interruption to the bank's staff or customers. To keep track of the immensely complex task, Fintecs employed its Visual Documentation technique to provide a series of maps showing every element of the system and how they interact.

On behalf of a major International Bank, Fintecs developed a means of communicating details of the Bank's main trading platform - developed in house - from the software development team to the IT operations staff to help them to understand the complexity of the system and be better able to run it on a day to day basis. The Fintecs solution employed the Visual Documentation techniques pioneered by Fintecs in the Banking industry, specifically to facilitate knowledge transfer.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: JGM Public Relations

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Fintecs Launches MiFIDMap Workbench to Aid Compliance

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Tony Gratton - Fintecs.com 
+44(0)17 3785 2385 tony.gratton[.]fintecs.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any JGM Public Relations securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From JGM Public Relations / Company Profile


Read Software Most Recent Related Press Releases:

Yellowfin Launches Analytics Industry’s First Virtualized Integrated Data Preparation Module
Comways and Altitude Highlight Flexible Solutions at Belgium Contact Center Congress
IBM Launches New Bluemix Services with GitHub and Slack Integration to Speed App Development in the Cloud
TIBCO Releases TIBCO Mashery Local API Management Solution for Hybrid Gateway Deployments
Gruppo Campari Chooses OpenText Business Network for B2B Growth
Infor Delivers Enhanced Mobile Equipment Solution
Mentor Graphics and SiliconIndia Announce 2016 Leadership Awards for the Embedded/VLSI Industry
Korean Retailer Homeplus Optimizes Store Planning with JDA Category Management
IBM and Pfizer to Accelerate Immuno-oncology Research with Watson for Drug Discovery
The VELUX Group to Drive Smart Product Innovation with Implementation of PTC Windchill Across the Enterprise

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today