Eleven global banks have agreed to take a 20 percent stake in the Post Trade Solutions business of the London Stock Exchange Group — a division valued at £850 million ($1.134 billion) — and in return will influence the strategies and future of the LSEG’s post-trade offerings, for over-the-counter (OTC) derivatives, officials say. The designated… Read More >>
FINOS Platform Can Help Orchestrate Ops
An open-source orchestration platform, dubbed Fluxnova, launched by the Fintech Open Source Foundation (FINOS) at its Open Source in Finance Forum (OSFF) in New York City this week, can help improve back-office functions such as reconciliation, reporting, and regulatory workflows, officials say. Hosted by FINOS, Fluxnova was developed in partnership with Fidelity Investments, NatWest Group,… Read More >>
Northern Trust Taps Broadridge for Class Action Services
Custodian Northern Trust reports that it is helping its clients “optimize claim recoveries and increase engagement in settlement processes” by offering them the proprietary global class action technology from services, systems, and software provider Broadridge Financial Solutions. “Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first… Read More >>
T. Rowe Price Revamps Ops via CWAN Platform
T. Rowe Price Associates has successfully implemented a platform from Clearwater Analytics (CWAN) that will support the asset manager’s Stable Value Operations, and provide “advanced capabilities,” officials say. “Many asset managers in this market still rely on manual processes and legacy systems, creating fundamental industry challenges. T. Rowe Price’s deployment has helped improve productivity while… 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 >>
FSB Warns Against Gaps in Digital Assets Regulation
The Financial Stability Board (FSB) is pushing jurisdictions to make their regulation of cryptocurrencies and other digital assets more consistent with the FSB’s framework and to follow new recommendations aimed at facilitating a cohesive oversight of the global crypto-asset market and preventing regulatory arbitrage. A new peer review progress report from the FSB cites “significant… Read More >>
S&P Global to Acquire ‘With Intelligence’
Financial data and analytics provider S&P Global has announced that it is acquiring With Intelligence, a provider of data, intelligence, and connections for the global asset management industry, in a deal worth $1.8 billion. The seller is a group led by majority investor Motive Partners, a private investment firm. Officials expect the deal to close… Read More >>
Citi Takes Aim at Asset Servicing Woes via SEP
Citi’s post-trade platform, Citi Investor Services, has a new feature for asset servicing — Single Event Processing (SEP) technology — a development that Citi officials are calling “a significant step” for real-time asset servicing, prompting the bank to say that “the majority of its custody flows” will be processed via SEP in 2026. In fact,… Read More >>
SFP Group Adopts Broadridge’s Front-to-Back Platform
Swiss real estate asset manager Swiss Finance & Property Group (SFP Group) is using an investment management technology platform from Broadridge Financial Solutions to oversee more than $15 billion in assets under management. The platform is based on a software-as-a-system (SaaS) platform that is intended to help SFP Group prepare for more growth with a… Read More >>
The Trust Company of Tennessee Taps SS&C’s Platform
The Trust Company of Tennessee has modernized its corporate retirement services support via the SS&C Retirement Recordkeeping platform from SS&C Technologies, officials say. “The Trust Company of Tennessee provides recordkeeping, administration, and advisory services to businesses and organizations offering retirement plans. The platform upgrade enables retirement plan sponsors to deliver retirement and wealth management services… Read More >>
