Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… Read More >>
Luxembourg Bank Tackles IRS Reporting Regs
BCEE Implements SmartStream’s Corona Banque et Caisse d’Epargne de l’Etat of Luxembourg (BCEE) has implemented a way to help the bank meet reporting and audit trails regulatory requirements of the Internal Revenue Service (IRS) that have a tight turnaround time. In general, banks only have a few weeks to reconcile annual data before the legal… Read More >>
OpenGamma Gets $13.3M to Push Risk Analytics Standards
A vendor offering open source risk analytics for derivatives, OpenGamma reports that it has raised $13.3 million in total from venture capital firm Accel, ICAP’s Euclid Opportunities investment arm, and Cristóbal Conde, the former president and CEO of SunGard, all in a bid to accelerate plans to become the maker of benchmark industry-standard risk analytics…. Read More >>
Desjardins Group to Ride Eagle’s Cloud
Desjardins Group, a major Canadian cooperative financial group, has decided to move to a new investment fund accounting platform hosted on private cloud that will help the firm with new instrument types and workflows all in a bid to improve the efficiency of Desjardins’ fund accounting department. The platform and cloud support will be from… Read More >>
Renaissance Investment Management Moves to the Cloud
Renaissance Investment Management, a registered investment advisor with $4.4 billion in assets under management has successfully moved to the cloud in a bid to improve its business continuity and disaster recovery (BC/DR) capabilities, improve application rollouts, security and system performance. The firm’s move to the cloud represents a move from vendor Indata’s Intelligent Portfolio Management… Read More >>
Misys Uploads Its Wares to the Cloud
Financial services and systems vendor Misys is moving its wares to the cloud and will be changing the way it charges for its offerings. The vendor has just launched Misys FinCloud, a cloud computing channel for the vendor’s major business lines, including retail banking, corporate banking, treasury and capital markets and investment management, says Alan… Read More >>
Will T+2 Make the Most Progress in 2015?
FTF News gathered forecasts from three vendors — Advent Software, DataArt and FSMLabs — to get their Ops predictions for 2015. This piece is part of a series in January exploring what key industry participants think will be the top Ops issues this year. Advent Software: T+2 to Progress the Most in 2015 Investment management… Read More >>
Eze Software Group Takes to the Clouds
Eze Software Group, a developer of investment software, has taken the first step in moving its suite of front-to-back office programs onto the cloud with the release of Eze Data Services, the first service supported by Eze’s new cloud-based platform, according to a company statement. “During the next several years, we will continue to roll… Read More >>
Case Study: AIFMD Services in the Cloud
INDOS Financial, a London-based start-up specializing in new depositary services for offshore hedge funds, is trusting cloud technology for IT support from basic networking to the applications it uses for the oversight and cash flow monitoring of its clients.INDOS is using the Eze Managed Suite offering supported by the Eze Private Cloud service of Eze… Read More >>
