Robo advisors are not only taking the Western world by storm but are also infiltrating Asia, most notably in Japan. Although these countries share some of the same demographic and generational themes, a new report by market research firm Celent — “Fintech and Robo Advisors Booming in Japan” — found that cultural variations are shaping… Read More >>
Ops for New Cap Reqs Could Get Costly
Tier-1 banks face implementations costs ranging from $60 million to $150 million over the next three years as they strive to meet the revised standards for minimum capital requirements for market risk set by the Basel Committee on Banking Supervision, according to a new report from market research firm Celent. “As firms execute implementation efforts… Read More >>
Q&A: Could Blockchain Really Be a Revolution?
(The securities industry is jumping on the distributed ledger/blockchain technology bandwagon at a record pace and with widespread support. The underlying backbone of cryptocurrency Bitcoin-based transactions is having a life of its own among major Wall Street firms and industry organizations. FTF News got a few minutes with industry analyst Dr. Anshuman Jaswal, who is… Read More >>
Markit-IHS Challenges Dominance of Bloomberg and Thomson Reuters
Activity in the market data sphere has continued at a clip over the past two years but the recent $13 billion merger of two sector giants — Markit and IHS — marks the largest union. Together they will create a formidable force in corporate and financial coverage that will rival entrenched powerhouses Bloomberg and Thomson… Read More >>
Hellish Stress Tests Will Be Getting Worse
As much as the industry hates them, stress tests to find weaknesses in regulatory compliance are not only a permanent part of the landscape, but they will be getting more difficult, says Cubillas Ding, a research director with the Securities & Investments practice of market research firm Celent. In his new report, “Stress Testing Solutions… Read More >>
Hong Kong Clarifies Rules for OTC Derivatives Trading
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) proposals on introducing mandatory clearing and expanding mandatory reporting for the second stage of the over-the-counter (OTC) derivatives regulatory regime is only the next stage of the territory’s staggered approach to implementing new derivatives rules. The actions were expected and sell- and… Read More >>
Broadridge, Accenture and PwC Join Forces with Digital Asset
Blockchain startup Digital Asset Holdings has signed non-exclusive strategic business relationships with IT consultancy Accenture, financial technology vendor Broadridge and auditor and professional services provider PwC to hasten the progress of Digital Asset’s distributed ledger solutions to come, which will target financial services firms. Digital Asset has already been working with Accenture, Broadridge and PwC,… Read More >>
Vendors Are Rushing to Fill Voids in Ops Offerings
Front-office financial technology vendors are moving quickly to expand their reach into the middle and back office while traditional portfolio accounting systems providers are moving upstream into the middle office in attempts to provide a fuller suite of asset management operational services, according to a new report from market research firm Celent, a division of… Read More >>
FIS Gets a Catapult via SunGard Acquisition
Banking and payments technology vendor FIS has completed its $9.3 billion acquisition of SunGard, marking a new chapter for the technology and services giant with many operations offerings for securities firms. The acquisition “uniquely positions [FIS] to offer a broad range of retail, enterprise and wholesale banking and payments capabilities that will further empower the… Read More >>
Hillary Clinton Takes On Wall Street — Or Does She?
As the 2016 race for the presidency heats up, Wall Street and its many sins are back in the spotlight. Politicians on the left are tripping over each other to find the right words to help them get as many votes as possible. Some of those words from Democratic Party candidates for the presidential nomination… Read More >>
