NICE Actimize, a provider of financial crime, risk, and compliance solutions, has embraced generative artificial intelligence (A.I.) for three new solutions that target financial crime in ways intended to help overwhelmed financial crime and fraud teams at financial services firms, officials say. Generative A.I. are algorithms “that can be used to create new content, including… Read More >>
CFTC’s First Chief Diversity Officer & More Briefs
CFTC Appointee Has 20 Years of Diversity Experience Tanisha Cole Edmonds has been appointed the CFTC’s first chief diversity officer and has been tasked with helping the agency advance diversity, equity, inclusion, and accessibility (DEIA) at all levels, officials say. Edmonds, who reports to Rostin Behnam, chairman of the CFTC, will oversee the Office of… Read More >>
GLEIF Debuts Support for Machine-Readable LEIs
The Global Legal Entity Identifier Foundation (GLEIF) is clearing a new path for LEIs by integrating them with the eXtensible Business Reporting Language (XBRL), which facilitates the embedding of LEIs into digital, machine-readable financial documents. Integrating the LEI into digital business reports is intended to improve entity verification and ease online data aggregation, according to… Read More >>
U.K. Firm Deploys iRecs Platform from Watson Wheatley
BennBridge Rolls Out iRecs Platform London-based BennBridge Ltd. a multi-boutique investment firm, has implemented the iRecs trade reconciliation platform from Watson Wheatley Financial Systems, officials report. Tom Wheatley, chief operating officer (COO) for Watson Wheatley, reports that the BennBridge project requirements “were relatively complex” but that the application was successfully rolled out to… Read More >>
FactSet & Quantopian to Develop Data Analysis Solution
Integrated financial information vendor FactSet is working with Quantopian, a self-described crowd-sourced quantitative investment firm, on a data analysis solution, dubbed Quantopian Enterprise, that the duo says will enable quantitative financial analysts to more effectively and quickly test their investment strategies. The Quantopian Enterprise will consist of Quantopian’s technology and data from the recently released… Read More >>
Some Firms Still Favor Manual Client Reporting: Survey
SS&C Survey Focuses on Client Reporting Investor clients are demanding more data from financial services firms but many firms are still relying on manual processes to pull together reports, according to a report sponsored by SS&C Technologies, a financial services software and services vendor. The survey results uncovered that while 100 percent of respondents say… Read More >>
Markit to Acquire Information Mosaic
Financial data and technology vendor Markit is acquiring the corporate actions and post-trade securities processing provider Information Mosaic in a bid to position itself as “a leading provider of end-to-end corporate actions services,” say Markit officials. Financial terms were not disclosed by either vendor. “The transaction is expected to close in the third quarter of… Read More >>
