Post-crisis regulation and competitive market conditions have forever changed the collateral management process for securities trading firms. The push to develop new collateral optimization strategies has often uncovered major problems within a firm’s own systems and processes. Most firms have had to move quickly to revamp their internal systems and craft new collateral management operations… Read More >>
R3 Lines Up 60+ Vendors for Corda Platform
FinTech & Service Providers Among R3’s Stable of Vendors The blockchain/distributed ledger technology (DLT) revolution is hitting milestones and software vendor R3 has just announced that more than 60 technology companies from multiple industries and regions have joined the Corda partner network, which supports the Corda platform. Corda is an open source, “blockchain-inspired” DLT platform… Read More >>
Opus Launches GDPR Compliance Solution
Opus Targets GDPR Third-Party Requirements Opus, a vendor of compliance and risk management solutions, has launched the Third Party GDPR Compliance solution, created to “identify and manage General Data Protection Regulation (GDPR) risk in third-party relationships,” officials say. “The European Union’s General Data Protection Regulation, which comes into force on May 25, 2018, is a… Read More >>
Blockchain Takes Center Stage at SIBOS
Blockchain/distributed ledger technology (DLT) is taking the spotlight at the SIBOS conference in Toronto this week, put on by the financial messaging services and systems cooperative SWIFT. SWIFT itself has a preliminary report on its DLT efforts while vendors R3 and Calypso Technology announced a DLT pilot for BBVA and BBVA Bancomer, and BNP Paribas… Read More >>
SEB & Nasdaq to Create Mutual Fund Blockchain
Swedish financial services group SEB, which has total assets of SEK 2,777 billion ($341 billion), and the Nasdaq Stock Market are joining forces to develop a prototype for a mutual fund trading platform based on the vendor Chain Inc.’s blockchain ledger. The aim is to modernize and increase efficiency in the processing of purchases and… Read More >>
Northern Trust Reviews Benefits of the T+2 Move
(Editor’s note: On September 5, after what was likely a marathon transition over the Labor Day weekend, the U.S. securities industry shortened the securities settlement cycle from three business days, known as T+3, to a settlement cycle of two business days, or T+2. This overhaul followed years of preparation, and was carried out by key… Read More >>
SETL & Asset Managers Launch Blockchain System for Record Keeping
London-based SETL, a financial blockchain specialist, has launched IZNES, the pan-European fund Blockchain-based, record-keeping platform together with four asset management firms — OFI AM, Groupama AM, La Financière de l’Échiquier, and Arkéa Investment Services. IZNES will enable firms to enter into new relationships with investors and manage the Know Your Customer (KYC) processes required by… Read More >>
UBS Adds Six Banks to Crypto-Currency Settlement Push
The buzz around crypto-currency blockchain/distributed ledger technology (DLT) continues with UBS’s utility settlement coin (USC), adding six of the world’s largest banks — Barclays, HSBC, State Street, Credit Suisse, MUFG and the Canadian Imperial Bank of Commerce — to its roster. The new members join UBS, Deutsche Bank, Santander, BNY Mellon and the financial services… Read More >>
