Citi’s Global Transfer Agency business unit has deployed Fenergo’s Client Lifecycle Management (CLM) platform “to digitize investor onboarding and due diligence services for regulated funds in Europe,” officials say. Citi can now use “customized policy-driven risk assessment for anti-money laundering (AML) and know your customer (KYC) checks for clients,” officials say. The Fenergo system also… Read More >>
Delta Capita Embraces Blockchain-Based OTC Ops
Delta Capita, a provider of consulting, managed services, and technology solutions for capital markets, has launched Elaris OTC, a solution intended to streamline and modernize post-trade processes for over-the-counter (OTC) derivatives, officials say. The Elaris OTC technology platform uses the Fragmos Chain blockchain for derivatives and facilitates the “automated matching of OTC derivatives trades and… Read More >>
‘Crypto Week’ Marks the Arrival of Digital Assets
The powers that be in the federal government are facilitating digital asset and crypto projects, tokenization efforts, and cryptocurrency legislation and regulation, and have even declared that the week of July 14 as “Crypto Week.” Yet SEC Commissioner Hester M. Peirce, who generally favors innovation for digital assets, has made a regulatory declaration that will… Read More >>
SDX & Banque Pictet & Cie Complete Tokenization Pilot
SIX’s digital assets exchange, SDX, and Swiss private bank Banque Pictet & Cie SA recently concluded a joint pilot project that will serve as a foundation for integrating digital bonds into fund portfolios, officials say. The pilot focused on tokenizing corporate debt instruments and allocating fractional quantities of these assets to portfolios managed by Pictet… Read More >>
SS&C Adds Investment Management Suite to Black Diamond
SS&C Technologies has added a suite of integrated capabilities to its Black Diamond Wealth Platform — dubbed Black Diamond Investment Management Services — that is intended to elevate client outcomes for advisors via streamlined portfolio management, trading, and client engagement, officials say. “Shifting client expectations are driving the need for advisors to solve more problems… Read More >>
Standard Chartered Launches Spot Trading for Bitcoin & Ether
Standard Chartered has launched an integrated digital assets trading service for institutional clients that includes spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) through its U.K. branch and will be introducing non-deliverable forwards (NDFs) trading, officials say. Officials at the bank say this move makes Standard Chartered “the first global systemically important bank to offer… Read More >>
BNY & iCapital Form Alliance to Integrate Offerings
Custodian giant the Bank of New York Mellon Corp., (BNY Mellon) and iCapital, a fintech platform for investing, have allied to deliver an integrated offering through BNY Pershing’s Wove wealth management platform and BNY’s Alts Bridge system, officials say. “Building on the alternative investment experience for BNY Pershing clients who access iCapital through Wove, this… Read More >>
FICC Reports New Clearing Peak of $11.8 Trillion
The Fixed Income Clearing Corp. (FICC), a subsidiary of the Depository Trust & Clearing Corp. (DTCC), processed a new peak volume of $11.8 trillion in cleared transactions through its Government Securities Division (GSD) on June 30, the highest GSD volume recorded since April 9, when peak volume reached $11.4 trillion, officials say. “FICC’s Sponsored Service… Read More >>
HSBC, FAB & ADX Launch MENA’s First Digital Bond
First Abu Dhabi Bank (FAB), using the HSBC Orion digital assets platform, is moving ahead with the launch of bonds based upon distributed ledger technology (DLT) that will be listed and priced via the Abu Dhabi Securities Exchange (ADX), which serves the Middle East North Africa (MENA) region. The DLT-based bond instrument has been “designed… Read More >>
Firms Underestimate the Total Cost of Collateral
(The total cost of collateral is often underestimated because it extends beyond the direct cost of the assets themselves, explains Wassel Dammak, head of product strategy, collateral management at Vermeg, in a wide-ranging FTF News Q&A. The total cost of collateral encompasses three key components within any financial institution: technology, people, and processes, he adds…. Read More >>
