BNY Mellon to Use Markit for EDM Support BNY Mellon Asset Management has selected Markit’s enterprise data management (EDM) platform to unify significant components of its data management operations and eliminate manual processes, say BNY and Markit officials. Markit officials say the vendor was selected after “an extensive due diligence process” and proof of concept… Read More >>
BNY Mellon Announces Executive Promotions as Barclays Bolsters U.S. Presence
BNY Mellon Lines Up Executives for 2013 Global custodian bank BNY Mellon has announced three executive promotions, effective Jan. 1, 2013, in an effort to grow its investment management and services businesses. Karen B. Peetz, the current vice chairman and CEO of Financial Markets and Treasury Services will become president of BNY Mellon, officials say…. Read More >>
FinTech Products Update
The Depository Trust & Clearing Corp. (DTCC) has moved into the third phase of its corporate actions messaging overhaul with a new corporate actions pilot program intended to test ISO 20022 messages that incorporate all stages of distribution events from entitlements and payments to instructions.During the first two phases of the overhaul, DTCC officials upgraded… Read More >>
BNY Mellon Embraces a Corporate Actions Standard
Custody bank BNY Mellon has taken a major step forward in the complex process of moving toward a new corporate actions infrastructure by going live with a standard-based messaging solution from the Depository Trust and Clearing Corp. (DTCC). BNY Mellon went live with the new standards-based offering on July 30, marking the start of… Read More >>
OpenLink Hires Ex-President of SunGard Global Services
OpenLink Hires Ex-President of SunGard Global Services OpenLink Financial, a trading and risk management software vendor, has appointed the former president of SunGard Global Services for the Americas Doug Wendler to be executive vice president (EVP), America’s Energy, effective as of July 30, officials say. Wendler left the SunGard post last year and was a… Read More >>
Fannie Mae EVP Joins BNY Mellon as COO
Fannie Mae EVP Joins BNY Mellon as COO Investment management and services provider BNY Mellon has a new chief operations officer (COO) in Edward Watson, who was Fannie Mae’s executive vice president (EVP) for operations, technology and general services.Watson, who will be joining BNY Mellon on July 9, says in a statement his top goals… Read More >>
Is There Hope for Financial IT Spending?
Are there reasons to be mildly optimistic about spending in the financial technology sector? A recent Bloomberg-sponsored survey of IT executives at major financial services firms found that more than three quarters of them, 76%, fully intend to increase IT spending over the next 12 months. Only 17 percent said they will cut spending and… Read More >>
