This free FinTech roundup includes items about Jamie Dimon opening the online Sibos 2020, Linqto’s new COO, and a Microsoft blessing for Smarsh.
State Street to Provide a Range of Services
Rowe Price has appointed State Street as the service provider for four, newly launched active exchange-traded funds (ETFs) that are listed on NYSE Arca, Inc.
“As part of the agreement, State Street will provide services including basket creation, dissemination, settlement, custody, fund accounting, order-taking, financial reporting, performance and investment analytics and transfer agency services to T. Rowe Price’s suite of funds,” according to State Street, which has been working with the firm for the past three years.
Rowe Price was the first investment manager “to create and file with the Securities and Exchange Commission (SEC) for a model that allows ETFs to be actively managed while it also protects the intellectual property of the funds’ investment management process,” officials say.
“As investor needs and expectations continue to evolve, we want to provide additional choice through active ETFs,” says Tim Coyne, head of ETFs for T. Rowe Price, in a prepared statement.
State Street has $33.52 trillion in assets under custody and/or administration, and $3.05 trillion in assets under management as of June 30, 2020, officials say.
Jamie Dimon to Open the Online Sibos 2020 Event
Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., will present the opening keynote speech for the online Sibos 2020 conference and exhibition, SWIFT officials have announced.
Due to the global pandemic, Sibos will be an online event, taking place Oct. 5–8 “as a free, thought leadership focused event,” according to officials.
Dimon has had a career “that spans five decades and senior positions at Citigroup, the Travelers Group, and American Express,” SWIFT officials note. “He has served as CEO of JPMorgan Chase & Co. since 2005, navigating the 2008 financial crisis while steering the bank’s digital transformation and guiding it to become the largest U.S. bank by assets, with nearly 250,000 employees globally.”
Officials add that the theme for this year is “Driving the Evolution of Smart Finance,” and will feature experts in banking, payments, securities services, technology and fintech. In addition to the core theme, there will be four interconnected subthemes: delivering digital value, responsible innovation, banking for humanity and the future of finance.
“Receiving insight direct from one of the biggest names in finance is sure to inspire delegates ahead of a great week of discussion and debate,” says Chantal Van Es, head of Sibos, in a prepared statement.
After Sibos 2020, there will be “ongoing monthly digital sessions and content running from November 2020, building toward Sibos 2021 Singapore,” officials add.
Former Ripple Exec Joins Linqto as COO
Miguel Vias, the former head of XRP Markets at blockchain vendor Ripple, has joined Linqto, a digital trading platform provider for private market securities, as chief operating officer (COO), officials say.
At Ripple, Vias was responsible for growing the institutional adoption of the digital currency XRP. For his new post, Vias will report to Bill Sarris, CEO and co-founder of Linqto, officials say.
Via, who has more than 20 years of financial markets and fintech experience, was head of precious metals and options for the CME Group before he joined Ripple, officials say. Prior to the CME Group, he held precious metals trading positions at Mitsui, Bank of America, and Morgan Stanley.
“In this role, Miguel will utilize his considerable expertise building liquidity for new financial products by working with pre-IPO unicorns, secondary market sellers and digital assets entrepreneurs to strengthen the Linqto Investment Platform,” Linqto officials add.
Linqto provides access global private securities markets, officials say.
Microsoft Blesses Smarsh’s ‘Enterprise Supervision’
Smarsh can go to market with integrated archiving solutions — Enterprise Supervision and Enterprise Archive — that can be deployed via the Microsoft Azure cloud platform, and have the blessings of the Microsoft One Commercial Partner (OCP) program.
The combined offering is intended to accelerate the adoption of Microsoft Office 365 including Microsoft Teams within the financial services industry, officials say.
Enterprise Supervision offers “a policy engine” that scans email, collaboration platforms, mobile/text messaging, social media, and voice content for violations before they are stored via Enterprise Archive, officials say. “Team-based workflows give compliance organizations the ability to review, categorize and escalate problematic content,” according to Smarsh.
“Global compliance teams are challenged with the oversight of a growing volume and diversity of communications channels,” says Brian Cramer, Smarsh CEO, in a prepared statement.