World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
AxiomSL Hires CFO from Charles River Development
David Weber to Serve as CFO &COO for AxiomSL AxiomSL, a provider of regulatory-reporting, risk and data-management services, reports the appointment of David Weber as chief operating officer (COO) and chief financial officer (CFO). Weber is a financial services industry veteran, with more than 30 years of financial management and operations experience, AxiomSL says…. Read More >>
Broadridge to Promote COO to CEO
Financial technology systems and services provider Broadridge Financial Solutions will be getting a new top executive next year according to a succession plan that will see current CEO Rich Daly become executive chairman of the board and that will elevate Tim Gokey, the company’s president and chief operating officer (COO) to CEO. The Broadridge board… Read More >>
‘Cost of Capital Still Greater Than ROE:’ Q&A
(As he sees it, the biggest industry challenge right now is the stubborn fact that the cost of capital is still greater than the return on equity (ROE), says Michael Alexander, president of wealth and capital markets solutions for Broadridge Financial Solutions in North America. This translates into ongoing pressure to cut costs and grow… Read More >>
Broadridge Offers More Details About Its Blockchain Plans
(Horacio Barakat, vice president of corporate strategy at Broadridge Financial Solutions, already acknowledges in a recent FTF Awards video. that the company has “accomplished a lot over the last 12 to 18 months” in its efforts to take advantage of blockchain and distributed ledger technology (DLT). In particular, the vendor has had breakthroughs via a DLT-based… Read More >>
IHS Markit Debuts Vendor Management Service
New Portal Works with IHS Markit’s KY3P Data and analytics vendor IHS Markit has launched the Vendor Management Portal (VMP), a solution to help end-user firms with support for vendor risk-tiering and vendor management workflow, officials say The effort combines VMP with the vendor’s KY3P due diligence service to offer a system to “centralize the… Read More >>
FTF News Unveils Winners of 2018 FTF Awards
Providers of established and cutting-edge technologies such as blockchain ledgers and artificial intelligence are getting the spotlight in the winners’ circle of the annual FTF News Technology Innovation Awards for 2018, the eighth time that Financial Technologies Forum (FTF) has recognized achievements in the securities operations industry. Other than the Editor’s Choice award, qualified industry… Read More >>
Broadridge Enters Robo-Advisory Market via Wealthsimple Partnership
Broadridge Targets Next-Generation Investment Strategies Broadridge Financial Solutions is partnering with Wealthsimple, a digital investing service in Canada, to, automated investment management, also known as “robo-advisory services,” that will support advisor-investor and direct-to-investor models, officials say. The partnership will integrate Broadridge’s capabilities with the Wealthsimple technology platform, in an effort to “drive efficiencies in client… Read More >>
FTF Awards Q&A: Broadridge Wins Service Provider of the Year
(Editor’s Note: Financial Technologies Forum (FTF) recently held its gala event for the winners in its awards competition for post-trade securities operations, the 2017 FTF News Technology Innovation Awards. Among the top honors is Service Provider of the Year, which went to Broadridge Financial Solutions. Chosen by vetted industry participants, the Service Provider of the… Read More >>
Australian Firm to Use Eagle Platform for Data & Performance Management
QIC Moves Away from Global Custodian QIC, the Australian investment fund for the Queensland government, will be using cloud-based data management and performance measurement solutions from Eagle Investment Systems, which marks a move away from a global custodian that had been providing outsourced data and performance measurement functions. The firm, which has A$81 billion in… Read More >>
