Yucheng Technologies Ltd. reports that for a second year the company has ranked in the FinTech 100. The rankings are made on selection criteria which include key applications in the banking sector including: core processing, branch, tellers, loan management, credit card, mortgage origination, CRM, online banking and cash management, along with many other services.

Yucheng is a turnkey solutions provider with products that serve banking needs from front office solutions, such as e-banking, to back office and risk management. Yucheng currently has the widest portfolio of IT solutions targeted to banks in China.

Mr. Weidong Hong, CEO of Yucheng Technologies, commented, “Yucheng’s exclusive focus on the banking sector in China makes it uniquely able to provide customized solutions that meet banks’ rapidly developing requirements,” “This win acknowledges the importance of the Chinese banking market and Yucheng’s contribution to developing superior solutions for banks.”

The FinTech 100 survey has been tracking

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There were some other very interesting presentations at the conference hosted by the Federal Reserve Bank of Boston last week. Fed Chair Ben Bernanke spoke on Financial Regulation and Supervision after the Crisis while Princeton Professor Alan Blinder's message was

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Advanced Visual Systems Inc., a data visualization software innovator, announced today that it will be spinning off a new technology for monitoring and managing Enterprise IT and revenue networks. The company is in discussion with several potential partners and anticipates the debut of the spin off before year-end.

The new entity, in which AVS will hold a significant stake, will be known as VizStar. The spinoff will develop comprehensive solutions for Enterprise use with AVS’s well-established OpenViz technology which has been widely applied in the fields of business intelligence, customer analytics and risk management and is highly suited to visualize sophisticated real-time Enterprise operations.

David M. Murray, President of AVS, stated, “Based upon our experience working with several visionary Enterprise accounts, we see an emerging demand for real-time solutions that reveal the hidden stresses and inefficiencies of large corporate IT and revenue networks.

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Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Tuesday October 20, 2009

DrStockPick.com Stock Report!

AAPL, PSFT, PWRM, UTX, CSRH, DD, CVAT, BLK, AQNM

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AAPL, Apple Inc.

AAPL and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions.

AAPL beats Wall Street’s expectations with a fiscal Q4 report on Oct. 19 that showed profits surged 47% and revenues climbed 25% on lofty Mac computer sales.

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PSFT, Powersafe Technology Corp., PSFT.PK

POWERSAFE TECHNOLOGY’s Subsidiary Amplification Technologies has just patented a revolutionary solution for low-level signal detection: multichannel Discrete Amplification (DA).

DA photodetectors could function in both

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Director and CEO Mr. Erik Herlyn is a mechanical and production engineer with extensive experience in the finance and hydrocarbon industries. Serving in several managerial positions for large International Business Consulting firms such as KPMG, BearingPoint and Capgemini, his specialization lies in a process optimization method which he developed over many years using synergies from various industries. Mr. Herlyn plays a critical role in managing the global office operations of Manas as well as the process of acquiring licenses.

CFO Ari Muljana is a Master of Science in Computer Science with a major in Financial Statement Analysis and Artificial Intelligence. He began his career in the Risk Management department at Deloitte, where he audited and advised within the oil and commodity trading industry. He is also specialized in the area of SOX consulting, where he implemented financial and risk management processes for multinational companies to comply with SEC regulations.

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Aon Corporation’s (AOC) second quarter adjusted operating earnings (excluding non-recurring items) came in at 76 cents per share, compared to 70 cents in the year-ago quarter. Results were 2 cents ahead of the Zacks Consensus estimate of 74 cents.

Despite considerable volatility due to ongoing market challenges, Aon’s operating improvement; risk management, organic growth, and margin expansion were impressive during the quarter.

Net income for the quarter decreased 86.5% to $149 million or $0.52 per share, compared to $1.1 billion or $3.71 per share in the prior-year quarter.

Total revenue decreased 3.6% year over year to $1.9 billion primarily due to a 9.0% decline from foreign currency translation and a 69.0% decline in investment income. It was partially offset by a 7.0% increase from the Benfield acquisition.

In Risk and Insurance Brokerage Services, total revenue for the reported quarter decreased 2.4% year over year to $1.6 billion. In Consulting segment, total revenue decreased 10.7%

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CME Group Inc.’s (CME) second quarter pro forma earnings of $3.37 per diluted share substantially topped our estimate as well as the consensus, primarily as a result of higher-than-expected quotation data fees and transaction fees on an increased average rate per contract. Expenses reduction initiatives also helped increase the bottom-line. GAAP net income for the quarter came in at $221.8 million or $3.33 per diluted share, up 11.3% sequentially but down 9.3% year-over-year on a per-share basis. During the quarter, the company had a reduction of $2.6 million in net income from merger-related charges. This impairment charge was the primary factor for reduced GAAP net income. Excluding one-time charges, we see pro forma earnings of $224.4 million or $3.37 per diluted share, up 5.5% sequentially but down 14.3% year-over-year on a per-share basis. Net revenue for the quarter increased 3.5% sequentially and 14.5% year-over-year to $633.0 million. Investment income ...

BlackRock, Inc. (...

PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Monday July 20, 2009

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Affiliated Computer Services, Inc. (NYSE: ACS) today announced a five-year, $10 million information technology (IT) contract to extend its relationship with Rehabilitation Hospital of the Pacific.

Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, video, and Internet connectivity applications, plans to release its third fiscal quarter 2009 results on Thursday, July 30, 2009. Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place that day at 5:00 p.m.

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Niall Ferguson’s book, The Ascent of Money: A Financial History of the World, is now available in a full-length four-part documentary. Known for his intellectual firepower, Ferguson is an historian who specializes in financial and economic history and teaches at Harvard.

The Ascent of Money is well researched and especially relevant for putting the current financial crisis in historical context. As Ferguson said, “Money’s rise has never been a smooth upward ride … Financial history has repeatedly been interrupted by gut-wrenching crises, of which today’s is just the latest.”

Each of the parts lasts for about an hour, but is conveniently broken up into chapters should one only wish to view certain sections.

Part 1: From bullion to bubbles Ferguson examines the current global financial crisis in the context of the financial history of the West. Topics in this part include: the beginnings of money

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