Standard Chartered Joins the Saphyre Platform Standard Chartered’s capital markets division is using a platform that applies artificial intelligence (A.I.) to the onboarding process for new funds and for the maintenance of those funds, say officials at Saphyre, which is the name of the platform and the financial technology vendor that created it. The patent-approved… Read More >>
SS&C Applies A.I. to Fund Administration & Other News Briefs
SS&C GoCentral Uses A.I. & BPR SS&C Technologies has launched a fund administration platform, dubbed GoCentral, that uses artificial intelligence (A.I.) to facilitate a unified platform for accessing information and systems, officials say. In addition to A.I., the web platform leverages business process re-engineering (BPR) “in an exception management-based approach to optimize front, middle and… Read More >>
Ops Comes Second for Digital Overhauls: Survey
When it comes to deciding which division within a financial services firm should get priority for a digital overhaul, the operations and the sales and marketing groups come second to teams overseeing customer experiences, according to a new survey about next generational technology conducted by Broadridge Financial Solutions. The report, “Fast-tracking digital transformation through next-gen… Read More >>
DeepSee’s Mission: Unlock Trapped Data via A.I.
Trapped data has always been the bane of the back office, and the reason so much manual processing remains in middle- and back-office roles. “For DeepSee.ai, unlocking that data is the key to success as firms look to accelerate their move toward full-scale digital transformation,” says Steve Shillingford, CEO of DeepSee. “Much of the most… Read More >>
Can New Technologies Fix Old Ops Woes?
Cutting-edge, disruptive technologies — especially those that exploit advances in artificial intelligence — have captured the attention of securities trading firms. But turning the hype into useful ways to counter ongoing Ops problems remains a challenge for many firms. So, to help firms come to grips with machine learning (ML), robotics, natural language processing (NLP), regulatory… Read More >>
SmartStream Applies A.I. to Recs Processes
SmartStream Air Version 4 Gets an A.I. Refresh Post-trade solutions vendor SmartStream Technologies recently launched SmartStream Air Version 4, an application update that uses artificial intelligence (A.I.) technology to support real-time and continuous reconciliation processes, officials say. The update “will allow customers to use a much wider range of processing, including payment reconciliations, which is… Read More >>
State Street Embraces A.I. for Private Markets Clients
State Street Corp. is hoping to provide private markets clients with faster access to their data, to digitize more of their reporting capabilities, and to enhance operations and document management via a combination of cloud computing and machine learning with the help of vendor Canoe Intelligence. By definition, machine learning “is the concept that a… Read More >>
What Will Post-Pandemic Ops Look Like?
Like millions of Americans, I got my second vaccination shot over the weekend and I allowed myself to start thinking about a time when the COVID-19 pandemic and lockdown might be history. Of course, it’s difficult to entertain such thoughts when there are still hotspots in the U.S., and when several parts of the world… Read More >>
A.I. Is On the Regulators’ Radar
Almost all facets of securities operations are investigating or even embracing cutting-edge technologies, particularly the extensions of artificial intelligence (A.I.) such as machine learning, natural language processing (NLP), and deep learning. Many firms are also exploring how robotic process automation (RPA) may make their lives easier. But, as these advanced technologies become more prevalent, the… Read More >>
Biden Team Nominates Gensler to Be SEC Chairman
Gary Gensler, the former chairman of the CFTC, has been nominated to be the next chairman of the SEC by the incoming administration of President-elect Joe Biden. Gensler served as CFTC chairman from May 26, 2009, to January 3, 2014, and oversaw an overhaul and expansion of the regulator’s control over derivatives trading, especially swaps…. Read More >>
