Standard Chartered has announced “a comprehensive package of changes” to its board and executive ranks that will see the exit of Peter Sands, the current group chief executive in June of this year, bank officials say. Sands will be replaced by an American and JPMorgan veteran Bill Winters, who will be appointed as group chief… Read More >>
Broadridge Expands Professional Services
FinTech systems and services vendor Broadridge Financial Solutions is expanding its professional services practice, which focuses on regulatory, operational and business transformation challenges, and has hired Erik DiGiacomo to lead the practice, officials say. In his new role as head of Broadridge’s professional services practice, DiGiacomo will expand the practice, “leveraging a growing team and… Read More >>
Compliance Vendor’s MD from BTMU
Officials at Exiger, a regulatory and financial crime, risk and compliance vendor, report the appointment of John W. Melican as managing director. Melican joins the company from Bank of Tokyo-Mitsubishi UFJ (BTMU), where, most recently, he was head of bank secrecy act/anti-money laundering, sanctions and anti-corruption compliance for the Americas, according to a statement from… Read More >>
Bankers’ Almanac Data Now On Alacra Platform
Client onboarding, reference data and business research vendor Alacra has partnered with Accuity, publisher of Banker’s Almanac, officials say. The partnership will integrate Banker’s Almanac’s new Due Diligence Data File with Alacra Compliance Enterprise (ACE), with the aim of “significantly increasing the speed and efficiency of the client onboarding process for mutual customers,” according to… Read More >>
Ops Story of the Year: The Return of the T+2 Push
It’s been a dynamic year when straight through processing (STP) and the push for T+2 settlement cycles made big comebacks while disturbing layoffs and ongoing fines and penalties appeared to be on the rise. We at FTF News have compiled the following list of the top Ops stories, trends, new currents and online video coverage… Read More >>
FINRA: Wells Fargo Units Fumbled AML for 9 Years
Wells Fargo Advisors (WFA) and Wells Fargo Advisors Financial Network (WFAFN) have to pay the Financial Industry Regulatory Authority (FINRA) a joint fine of $1.5 million for failing to comply with anti-money laundering (AML) requirements over a nine-year period, say FINRA officials. FINRA officials say that for nine years two St. Louis, Mo.-based broker-dealers failed… Read More >>
Alacra Adds Three to Management
Alacra, a specialist vendor in client onboarding, reference data and business research solutions, reports the addition of three new members to its management, with the appointments of Alan Samuels (pictured to the left), Kelvin Dickenson and Kevin Kollar. “Each brings valuable skills and experience and the appointments are a significant step in the company’s continued… Read More >>
NICE Actimize, Alacra to Combine Wares
Financial technology vendors NICE Actimize and Alacra will be integrating Alacra’s customer onboarding and know your customer (KYC) tools with Actimize’s customer due diligence (CDD) and anti-money laundering (AML) solutions to create a single process for data capture. The new alliance will help customers move beyond conducting KYC, due diligence and related processes across multiple,… Read More >>
Would You Give Up Your U.S. Citizenship to Fight FATCA?
Is there a growing number of Americans living overseas that want to give up their U.S. citizenship because of the rigors of the Foreign Account Tax Compliance Act (FATCA)? A financial advisory firm, the deVere Group, a vocal opponent of FATCA, says the number of American expats that want to end their citizenship is increasing… Read More >>
Joss Technology to Use OpenCorporates Data
Entity data management vendor Joss Technology will be using the company information datasets of the cutting-edge OpenCorporates website in order to provide data management tools and workflows for key securities operations, officials say. The vendor and the website sponsored by Chrinon Ltd., are hoping that the combined offerings can be applied to compliance, risk management,… Read More >>
