NEW YORK CITY — Despite the many challenges of this year, Financial Technologies Forum (FTF) is proud to announce that more voters took part in the 2020 FTF News Technology Innovation Awards (the FTF Awards) than participated last year — a sign of the enduring support for unique awards that honor achievement in securities operations…. Read More >>
Firms Need Collaboration to Keep Up: Q&A
(In the past, some financial services firms have been known to follow the mantra of “if it ain’t broke, don’t fix it,” notes Mark Bolton, head of international sales for Gresham Technologies. Yet the financial technology landscape has been changing fast and firms will have to keep up or risk having “solutions that are unable… Read More >>
BMLL Launches Analytics App via OpenFin
A data and analytics vendor BMLL Technologies has launched a desktop application, Derived Data, to offer buy-side end-users access to market metrics created from Level 3 order book data that can be applied to portfolio management. The new analytics application has been designed for the OpenFin operating system, which facilitates desktop interoperability among financial services… Read More >>
AcadiaSoft Chairman to Step Down Later This Year
Collateral management services provider AcadiaSoft Inc. is undergoing a major change at the top with the news that industry veteran Howard Edelstein, the company’s board chairman will be stepping down before the end of the year and his replacement is expected to be selected over the coming months, officials say. AcadiaSoft has begun a search… Read More >>
DataRobot Taps Rob Hegarty for General Manager Post
Hegarty to Head Financial Markets and Fintech Unit DataRobot reports that Rob Hegarty has been appointed its general manager of financial markets and fintech. Hegarty, a financial technology veteran, will lead DataRobot’s expansion in the capital markets and fintech industries by “empowering even more organizations to leverage machine learning and become AI-driven,” according to the… Read More >>
Legacy IT Puts the Brakes on AI: Report
According to a recent survey, Wall Street’s financial technology end-users are increasingly turning to AI, or artificial intelligence (also known as machine learning), to transform their operations through algorithms and computer code. That is one of the bottom-line findings from the “2019 Artificial Intelligence Outlook,” a survey conducted by Broadridge Financial Solutions Inc. Another survey… Read More >>
Prattle Acquisition Adds to Liquidnet’s A.I. Line-Up
Prattle Purchase Follows Related Liquidnet Acquisitions Liquidnet, an institutional trading network provider, has acquired Prattle, an automated investment research solutions vendor, in a bid to further expand the Liquidnet artificial intelligence (AI) investment analytics platform, officials say. Prattle was launched in 2014 by former academics Evan Schnidman and Bill MacMillan, and provides predictive analytics… Read More >>
FinTech Lab Gets a Regulator-in-Residence
Maria T. Vullo, the former Superintendent of the New York State Department of Financial Services (DFS), is the regulator-in-residence for the FinTech Innovation Lab New York and she will provide strategic counseling and mentorship to the companies in the lab. The lab, founded by Accenture and the Partnership Fund for New York City in 2010, focuses… Read More >>
GLEIF & ANNA Launch ISIN-to-LEI Mapping Effort
ANNA & GLEIF Join Forces for Regulatory Reporting An initiative is underway that will link International Securities Identification Numbers (ISINs) to Legal Entity Identifiers (LEIs) for global financial services transactions. The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have announced that April 4, 2019 marks the start of… Read More >>
New School Robots Need Old School Rules: Panel
Securities firms should apply old school best practices of IT and staff management when they consider resolving operational issues with robotic process automation (RPA) implementations, according to a panel discussion that was part of a recent ISITC conference. The members of the panel discussion, “Why AI and Robotics? The Allure of Intelligent Automation,” were Jason… Read More >>
