Financial technology providers Finbourne Technology and Alkymi are launching an integrated credit risk monitoring solution for the private credit industry that is intended to end the manual effort associated with processing private credit data, officials say. In short, the partnership between them has led to the new solution that offers early detection of deteriorating credit… Read More >>
SS&C & Thornburg Tap GenA.I. for Sales Solution
SS&C Technologies has launched “a generative A.I.-based sales enablement solution” that officials say they developed with Thornburg Investment Management and integrated into customer relationship management (CRM) platforms. The new solution is intended to provide sales teams with “fast, consolidated access to critical financial advisor insights,” according to SS&C. “Leveraging GenA.I., the application enhances the process… Read More >>
SimCorp & MSCI Streamline Access to Private Data
Investment management solutions provider SimCorp and market index and decision support provider MSCI have expanded their data collaboration efforts by focusing on the operational burden for buy-side firms of streamlining access to aggregated, private market datasets, officials say. SimCorp and MSCI initially collaborated in 2022 to offer SimCorp clients access to private investment benchmark data,… Read More >>
Could Your Firm Meet the E.U.’s A.I. Standards?
Industry standards association ISITC Europe has partnered with A.I. product safety and risk management startup Genbounty to help financial services firms ensure compliance with the E.U. Artificial Intelligence (AI) Act. The Act, which came into force on Aug. 1, 2024, establishes a legal framework for A.I. usage grounded in a risk-based assessment of different applications…. Read More >>
Investment Group Buys Clearwater Analytics for $8.4 Billion
A group of private equity and investment firms announced late last year that it is acquiring Clearwater Analytics (CWAN) via an $8.4 billion transaction that will take the company private and pay out $24.55 per share in cash to CWAN stockholders upon completion of the proposed transaction, officials say. The investment group is led by… Read More >>
Options Clearing Corp. Deploys AWS Generative AI Offering
Equity derivatives clearing organization, the Options Clearing Corp. (OCC), reports that it has successfully implemented generative artificial intelligence (A.I.) technology from Amazon Web Services (AWS) in a bid to “streamline internal development processes and enhance operational efficiency,” officials say. The deployment of AWS GenAI is yielding improvements in: Code Testing: the implementation has cut time… Read More >>
Bill Stone Says A.I. Must Prove Its Value
One of the keys to understanding the full impact of a disruptive technology is to use history as a guide. A case in point is the phenomenon of A.I.-based technologies that promise to overhaul or at least enhance the systems that run the front-, middle-, and back-offices of financial services firms operating in global capital… Read More >>
Sibos II: Chainlink Pushes for a Corporate Actions Breakthrough
The Sibos 2025 conference in Frankfurt, Germany, recently concluded, but there were Ops developments on several fronts — corporate actions processing, collateral management, managed services, and financial crime prevention — which are chronicled in this news wrap. Chainlink Advances Corporate Actions Collaboration Chainlink, an Ethereum-based provider of decentralized “oracle” networks, is building upon a… Read More >>
Firms Are Finding the KPI to Validate the A.I.-Recs Union
Reconciliation and exception management processes are converging with automation and artificial intelligence (A.I.) technologies, and the union could be much more than an upgrade from manual processes. If managed correctly, it could be a quantum leap forward, resulting in Ops reborn as a forward-looking trend tracking system for the front office. Yet adoption faces significant… Read More >>
