With nods to established players and voter enthusiasm for other providers hitting their stride, Financial Technologies Forum (FTF) has unveiled the winners of the 2023 FTF News Technology Innovation Awards competition. The 30 winners of the FTF Awards competition — now in its 12th year — are being honored for achievements during 2022. “It’s not… Read More >>
DLT Meets Standing Settlement Instructions & Other News
London Startup Takes on SSI Problems It’s a case of distributed ledger technology (DLT) meeting standing settlement instructions (SSIs), according to a London-based newcomer that developed SSImple, a post-trade, DLT platform offered on a software as a service (SaaS) basis. SSImple, also the name of the company, was built via R3’s distributed application platform Corda, officials… Read More >>
Business Venture to Apply DLT to Post-Trade Ops
Capital markets consultancy Delta Capita has acquired a key distributed ledger technology (DLT) business from settlement technology provider SETL and will make it the core of a new venture, Delta Capita Distributed Ledger Services, that already has an anchor client, the Montis Group. As the first client for the new venture, the Montis Group, which… Read More >>
SWIFT Optimistic After Applying Blockchain to Corporate Actions
Six major financial services firms and the SWIFT financial messaging cooperative report that late last month they pilot-tested a blockchain-based solution that streamlines the communication of “significant corporate events to investors” by getting rid of multiple data problems. In an announcement and a report, SWIFT provided details about this latest collaborative experiment with six securities… Read More >>
UBS Completes Repo Trade via Blockchain & Other News
Banks Use Broadridge DLR Platform UBS and an unnamed Asian bank have “executed the first cross-border intraday repo transaction on Broadridge’s blockchain-enabled Distributed Ledger Repo (DLR) platform,” according to operations, systems, and services provider Broadridge Financial Solutions. The intraday trade “marks the launch of the next phase in the rollout of Broadridge’s DLR platform …… Read More >>
BNY Mellon Adds RTP to Pershing Platform & Other News
Pershing’s NetXInvestor Supports RTP An investor portal used by broker-dealers and registered investment advisors (RIAs), NetXInvestor from BNY Mellon Pershing, will be integrating real-time payments (RTP) technology to assist clients as they manage their portfolios, officials say. “RTP is a new form of electronic money transfer that enables real-time deposits and withdrawals, giving broker-dealers and… Read More >>
Time to Pause the Crypto Craziness?
To say the least, the FTX fiasco is a wake-up call. To recap, FTX founder Samuel Bankman-Fried is in a little trouble with the U.S. Justice Department, the SEC, the CFTC, and authorities of the Royal Bahamas government for his now-bankrupt crypto-currency exchange FTX and all its branches. As of Tuesday, Dec. 13, during Bankman-Fried’s… Read More >>
Are We Heading Toward the Age of DLT?
I think it’s fair to say that distributed ledger technology (DLT), a.k.a. the blockchain, is making real inroads into the complex universe of post-trade securities operations. I am referring to the infrastructure-building/plumbing aspects of DLT, which emerged before its role in the wild embrace of crypto- and digital asset transactions, tokenization, etc. The DLT-based systems… Read More >>
FTF Reveals the Winners of the 2022 FTF Awards
Financial Technologies Forum (FTF) is pleased to announce the winners of the 2022 FTF News Technology Innovation Awards competition and to confirm that there will be an in-person gala event later this year to celebrate the industry’s achievements in operational excellence. “I think it’s safe to say that it’s been a long two years. During… Read More >>
NYSDFS Urges Crypto Firms to Use Blockchain Analytics
Cryptocurrency businesses licensed by the state of New York are being strongly urged to use blockchain analytics to improve policies, processes, and procedures, according to a guidance issued by Adrienne Harris, superintendent of the New York State Department of Financial Services (DFS). Cryptocurrencies, aka virtual currencies, are based upon distributed ledger technology (DLT), also called… Read More >>
