REDMOND, Wash. - (02/09/05) -- Microsoft is promising significantproductivity gains and security with a new communicationsinfrastructure for web-based financial transactions. The Indigocommunication system is designed to drastically reduce code fordevelopers building reliable Web services and is scheduled for abeta release in June, with general availability in 2006.Functioning with the Visual Studio 2005 development platform andlanguages such as C# or J#, Indigo saves developers from having towrite thousands of lines code, leveraging metadata, according toMicrosoft. Indigo is built as extensions to the .Net Framework,with support planned for Windows XP, Windows Server 2003, and theproposed Longhorn version of Windows. Indigo will back theMicrosoft-driven WS-* architectures for Web servicesstandardization. WS-* is how Microsoft refers to the set of Webservices specifications that features Web Services ReliableMessaging, among others.
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The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
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Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
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Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
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The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
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