ECPI Unit to Become Part of StatPro StatPro Group, a cloud-based portfolio analysis and asset pricing services vendor, will be enhancing its benchmark offerings for environmental, social and governance (ESG) ratings and indices via the acquisition of the ESG research and index business unit (ECPI) from ECPI Group, officials say. The acquisition for a total… Read More >>
Firms to Cut 400,000 Jobs by 2030: Report
As securities firms move toward the new Nirvana of digital transformation, the result will be an acceleration of staff cuts resulting in “an enormous reduction in staff with more than 400,000 full-time employees lost by 2030,” according to a report from market research firm Opimas. In fact, asset management firms may see the greatest impact,… Read More >>
IBM & TR Offer Regulatory Change Management Solution
IT systems giant IBM and the Regulatory Intelligence group at Thomson Reuters (TR) have joined forces to provide financial services firms with a regulatory change management solution that will help them digitize governance, risk, and compliance (GRC) processes, automating access to more than 900 regulatory bodies and 2,500 collections of regulatory and legislative materials, officials… Read More >>
Deutsche Bank Clients Using LCH CDSClear
First German Bank to Use CDSClear Deutsche Bank is the first German bank to offer its clients clearing via CDSClear, and asset management firms MEAG and Union Investment are clearing European and U.S. credit default swap (CDS) instruments via global clearinghouse group LCH. “Offering clients access to LCH CDSClear will provide them with more… Read More >>
Bad Data Impedes Machine Learning’s Progress: Survey
Bad data is hampering the progress of machine learning (ML), a subset of artificial intelligence, as it gains ground at financial services firms, particularly the buy side, according to the findings of an inaugural AI/ML survey from Refinitiv, the vendor created from the former data and risk group of Thomson-Reuters. The survey report, “Smarter Humans…. Read More >>
ISITC to Scrutinize Disruptive IT at Spring Summit
David Scola, head of North America for the SWIFT financial messaging and services cooperative, will dive into the impacts of disruptive technologies such as open application programming interfaces (APIs), distributed ledger technology (DLT), artificial intelligence and machine learning at ISITC’s 25th Annual Securities Operations Summit later this month in Boston. Scola is serving as moderator… Read More >>
Mirador Strips Out Manual Processes via Canoe Intelligence
Mirador, a provider of bespoke portfolio performance reporting solutions, is partnering with Canoe Intelligence to streamline the document management and data extraction workflows required for alternative investment reporting, officials say. The Canoe offerings are helping Mirador eliminate many manual data entry steps for alternative asset investors — a key frustration for the reporting processes associated… Read More >>
Lucena to Apply A.I. to Wall Street Horizon’s Data
Lucena Research, a predictive analytics vendor, and Wall Street Horizon, a provider of corporate earnings and events data, have announced that they are combining forces to yield offerings that could uncover “actionable signals” for investment. With the partnership in place, Lucena will validate Wall Street Horizon’s data using artificial intelligence (AI) and machine learning technologies,… Read More >>
FTF News & ISITC Extend Alliance
FTF News is happy to announce a big step for us and we hope a major boost to what we are providing to you — we will be the exclusive media partner for ISITC throughout 2019. As you know, the ISITC industry trade group has made a major commitment to foster standards and best practices… Read More >>
Robots Will Help Rather Than Replace Staff: Gartner
Much has been made of the inevitable impacts that artificial intelligence (AI) and machine learning (ML) will have on the more tedious and manual tasks that are part of back-office operations. Market research giant Gartner is chiming in with its prediction that by 2020, “20 percent of operational bank staff engaged in back-office activities will… Read More >>
