FinTech Innovation Lab to Help Eight Entrepreneurs Eight financial technology vendors with a range of new offerings including a know your customer (KYC) combination with distributed ledger technology, have been accepted into a 12-week mentorship program in the third annual FinTech Innovation Lab Asia-Pacific, officials say. Other startups participating in the lab are working on… Read More >>
FTF Awards Spotlights Ops Providers and Individuals
Financial Technologies Forum (FTF), owner of FTF News, has just announced the winners of the 2016 FTF News Technology Innovation Awards, noting that it had a record-breaking response with approximately 27,000 votes cast for 25 awards categories. Except for the Editor’s Choice award, the nominees and ultimate winners of the awards are selected by FTF… Read More >>
‘Step Away from the Excel Spreadsheets’
It’s likely that Julie O’Connor, the chief operating officer (COO) for Johnston Asset Management, doesn’t miss the burden of sorting through the endless cells, rows and add-ins of a gigantic Microsoft Excel spreadsheet to complete the invoicing process for the SEC-registered investment advisor based in Stamford, Conn. “We were running our fee bills out of… Read More >>
Electra Launches Billing 3.0
Electra Launches Billing 3.0 Electra Information Systems, a provider of software solutions for the asset management industry, has launched Electra Billing 3.0, the firm’s workflow-based revenue management solution. It provides customizable fee billing, including performance fees and complex fee schedules, Electra says in a statement. The billing solution, which was known previously as Quantum, now… Read More >>
Electra Says Heartbleed Bug Won’t Impacts Offerings
Electra Information Systems, a provider of reconciliation and other post-trade systems for asset managers, wants its clients and others to know that they face no danger of exposure to the so-called Heartbleed Bug, an OpenSSL security vulnerability that has been much in the news lately. “We take the responsibility of keeping your information protected very… Read More >>
Breaking News Update: ISITC Eases Ban on Press
An industry trade group that advocates transparency, ISITC initially banned and then let media attend a keynote address by Carla Harris, vice chairman, global wealth management, managing director and senior client advisor at Morgan Stanley, who spoke Monday morning. Her speech, however, was still off the record. Focused on developing industry standards, the International Securities… Read More >>
TowerGroup finds firms are a mix of contradictions as Electra and Eagle forge an alliance
TowerGroup: User Firms a Mix of Recs Contradictions Financial services firms are a mix of contradictions when it comes to reconciliation, according to a new survey conducted by CEB TowerGroup Research. Executives responding to the survey say they have hope that there could be enterprise-wide reconciliation and exception management solutions. But they also admit that… Read More >>
Goldman Sachs FinTech Banker Joins FT Partners as Multex Founder Moves to Scivantage
FinTech Banker from Goldman Sachs Joins FT Partners Jeff Haughton, a Goldman Sachs banker who has overseen major initial public offerings, mergers and acquisitions of financial technology companies, is the new managing director at investment bank Financial Technology Partners, whose specialty is backing companies that provide technology to the financial services industry, officials say. While… Read More >>
FTF News Prediction #1 for 2013: A Major Recs Revival Gets Underway
(Editor’s Note: This story is running in our first-ever FTF News Winter/Spring digital issue that features our top five predictions on industry trends that are likely to be the focus for many securities operations and technology professionals throughout 2013. We will be running our prediction stories from the digital issue throughout the Spring. The digital… Read More >>
Case Study: Wading Into Recs Automation
Evan Fire says he didn’t rush into a new reconciliation platform when the New York-based Pzena Investment Management transitioned from a manual system to automation in 2004. Fire, who is the operations and administration manager and principal for the firm, says he took a deliberately methodical approach. The go-slow strategy was necessary because the equities-only,… Read More >>
