Digital transformation is creating new needs among advisors and investors to gather digital asset data to stay ahead of disclosure regulations and to better understand their digital asset investing. Knowing this, Broadridge Financial Solutions has just released the ClearFi platform to help broker-dealers, exchanges, and wallet providers supply their clients and participants with “useful on-chain… Read More >>
Investors Have High Hopes for Crypto Care & Other News
New Report Focuses on Digital Custody Needs of Investors Investors prefer an “institutional-grade infrastructure” for their crypto and other digital assets but securities firms will need time before they can provide that level of support, according to a new report from research firm Coalition Greenwich Market. The report, “Providing Digital Asset Services: An Institutional Infrastructure… Read More >>
Why Post-Trade Data Is Key to Digitization
(Firms engaged in securities trading are being pressured to undergo a digital transformation as soon as possible. It’s no surprise then that some firms are contemplating a big bang overhaul. But that would not be in a firm’s best interest, says Justin Llewellyn-Jones, head of capital markets, North America (equities and derivatives), Broadridge Financial Solutions…. Read More >>
Northern Trust’s Digital Assets Team & Other News
Northern Trust Combines Groups for Digital Effort Northern Trust has combined teams and launched a Digital Assets and Financial Markets group that will be “responsible for supporting the fast-growing digital asset markets and those dedicated to providing market access and insights across the traditional securities services markets,” officials say. The step is a recognition of… Read More >>
Crashes & Competition Are Jumpstarting Digital Transformations
Although the coronavirus pandemic has loomed over global capital markets for much of 2020, the digital transformation of the securities industry is expected to continue into 2021 and beyond. Asset managers embarked on the current technology upgrade path following the 2008 financial crisis. The shock to the system forced them to improve operations just to… Read More >>
COVID-19 Creates a Perfect Storm for Digital Transformation
For securities operations at financial services firms, the COVID-19 pandemic has created a perfect storm for digital transformation. A year since the COVID-19 pandemic began to put a strain on middle and back-office operations, some financial services firms have not only made short-term changes to their securities operations protocols but have begun to plan more… Read More >>
Pandemic Pushes IVP Clients to Expedite Digital Projects
More than two-thirds of the customers of vendor Indus Valley Partners are forging ahead with pandemic-inspired digital transformations, but they should adopt a “digital first” approach when it comes to outsourcing and data management concerns, says Gurvinder Singh, CEO of IVP. Singh’s remarks are at the heart of an annual trend outlook that IVP compiles… Read More >>
LME to Automate Client Onboarding
LME to Use Itiviti’s FIX-based Offerings London Metal Exchange (LME) will be automating its client onboarding process with the help of FIX protocol-based offerings from technology and service provider Itiviti, officials say. The exchange will use Itiviti’s FIX Conductor and VeriFIX Enterprise solutions for onboarding as part of the LME’s effort “to refresh its overall… Read More >>
Digital Transformations Are More Important Than Ever: Q&A
(Industry veteran Duncan Johnston-Watt tells FTF News that the COVID-19 pandemic is actually making a convincing case for financial services firms to embrace a digital transformation. In fact, he says the ripple effects of the pandemic are jolting the acceptance rate at firms. Johnston-Watt is co-founder and CEO of Blockchain Technology Partners (BTP), an enterprise… Read More >>
Layoffs Are Key to ABN Amro’s Digital Transformation
Dutch banking giant ABN Amro will begin a two-year staff trimming process that will reduce its global workforce by 15 percent — a key part of an $840 million streamlining said to be essential to its digital transformation, according to an announcement on Nov. 30. Media outlets and financial markets analysts have estimated that the… Read More >>
