(David Caruso is vice president of financial crime compliance at WorkFusion, which describes itself as a pioneer in A.I. agents for financial crime compliance. A financial crime risk and compliance industry veteran, Caruso has worked as a former special agent with the U.S. Secret Service and as a builder of AML and sanctions compliance programs… Read More >>
T Rowe Price Deploys Customized Platform for Corporate Bonds
T Rowe Price has a customized platform, a version of the Primary Bond Issuance (PBI) data management and workflow solution from Genesis Global for corporate bond deals that the asset manager’s fixed-income team can use to streamline the bond deal lifecycle, officials say. Genesis customized the PBI platform for T. Rowe Price to help the… Read More >>
Millennium bcp Takes On FRTB & Market Risk
Officials at Millennium bcp say they are bolstering the financial services firm’s compliance with the Fundamental Review of the Trading Book (FRTB) and market risk management capabilities through a strategic partnership with Murex, a trading, risk management, and processing solutions provider. “Under this agreement, Millennium bcp will implement Murex’s MX.3 platform to strengthen its market… Read More >>
FNZ Raises $650M via Institutional Shareholders
Wealth-management technology provider FNZ has secured $650 million in new equity funding from its institutional shareholders to provide support for its long-term business plan and renewed support for “enhanced outcomes for clients worldwide,” officials say. Among those providing investment support are La Caisse, Generation Investment Management, Canada Pension Plan Investment Board (CPP Investments), and Motive… Read More >>
Webull Singapore Uses CQG for New Futures Offering
Officials at CQG and Webull Securities (Singapore) Pte. Ltd. report that CQG is providing global trading infrastructure and order-routing access to support Webull Singapore’s new futures offering, which will be integrated with other offerings from Webull entities in Asia-Pacific that also use CQG technology. Webull Singapore is a subsidiary of Webull Corp. in the United… Read More >>
Clearwater Analytics Embeds GenAI Into Its Ops Platform
Clearwater Analytics (CWAN), a cloud-native provider of an integrated, front-to-back office operations platform for institutional investors, has unveiled CWAN GenAI, a “production-ready” layer embedded with generative artificial intelligence capabilities intended to improve investment management, risk management, reporting, and securities operations across more than $10 trillion in institutional assets, officials say. CWAN clients can access CWAN… Read More >>
Broadridge’s DLR Processed $385B in Repos Last Month
Broadridge Financial Solutions, a provider of services, systems, and software for securities operations, reports that its Distributed Ledger Repo (DLR) platform hit a record $385 billion in daily repo transactions during October, a record increase of 492 percent over $65 billion in transactions processed in October 2024. In addition, the results last month are 13… Read More >>
FINRA Reminds Firms of ACATS’s Improvements
Self-regulatory organization FINRA recently reminded securities firms that the National Securities Clearing Corp. (NSCC) has modified the transfer process for its Automated Customer Account Transfer Service (ACATS), established in 1985 to facilitate “the smooth and electronic transfer of assets, like stocks, bonds, and cash, from one brokerage firm or bank to another,” according to the… Read More >>
TRG Screen’s A.I. Feature Deepens Data Cost Insights
TRG Screen, a provider of market data and subscription cost management technology, has released Xmon AI Assist, a capability intended to bring conversational analytics to market data cost management, officials say. Xmon is a reference data cost and usage monitoring solution that offers “visibility into consumption patterns, cost drivers and vendor billing,” officials add. The… Read More >>
tZERO & Voatz to Develop Digitize Proxy Voting
tZERO Group, a blockchain and tokenization provider for capital markets, and Voatz, a mobile voting technology company, are collaborating to deliver blockchain‑backed, digital proxy voting that will herald a new era of corporate governance, officials say. “Markets have gone digital — governance should follow,” says Alan Konevsky, CEO of tZERO, in a prepared statement. “By… Read More >>
