(Editor’s note: Many securities firms are embracing the hosted option be it a cloud-based offering, an application service provider (ASP) model or a “something-as-a-service” implementation. While much is made about the hands-off aspects of these hosted situations, operations staff members still have a lot of interactions with third-party suppliers. Tirdad Shojaie, senior vice president, product… Read More >>
Fiserv Upgrades Wealth Management System
In a bid to bolster its single platform, integrated approach to wealth management, Fiserv, a financial services IT solutions vendor, has added advisor portfolio management and trading technology support to its Unified Wealth Platform, a hosted, application service provider (ASP) offering. The Unified Wealth Platform combines portfolio management, trading, accounting and reporting for managed accounts,… Read More >>
JPMorgan Asset Management Fills Top EMEA Post
JPMorgan Names EMEA Head of Portfolio Management J.P. Morgan Asset Management has appointed Anthony Simpson as EMEA head of client portfolio management (CPM) for multi asset solutions, which “manages $180 billion of multi asset class portfolios for institutions, intermediaries and individuals globally,” J.P. Morgan says in a statement. Simpson, who is based in London, reports… Read More >>
Schwab to Keep Using Fiserv’s Unified Wealth Platform
Fiserv, Inc., a Wisconsin-based provider of financial services technology, reports that Charles Schwab & Co., Inc. has signed a three-year extension for Fiserv’s unified wealth platform. San Francisco-based Schwab, an investment advisor since the early 1970’s, has been a Fiserv client for more than 14 years, Fiserv notes, utilizing the unified wealth platform “for portfolio… Read More >>
Fiserv Adds Two to Financial Crime Team
Fiserv reports that it has added financial-crime risk management analytics and technology specialists Timothy J. Grace and Manuel Da Silva to its ranks. Grace becomes senior vice president and general manager, risk and compliance solutions, and Da Silva becomes global product line manager, financial crime risk management solutions, according to a Fiserv statement. The vendor… Read More >>
SIBOS 2014: Broadridge, Fiserv and Fundtech Unveil Upgrades
Broadridge Financial Solutions and Fiserv have updated their reconciliation offerings while Fundtech has improved its user interface for its Global PAYplus service – all of which will be on display at the SIBOS 2014 Boston conference, put on by financial messaging and services cooperative SWIFT. The event gets underway at the Boston Convention & Exhibition… Read More >>
Demand Soars for Recs IT as SIFMA Pushes LEI Usage
Reconciliation Technology ‘Explosion’ in Europe & U.S., Says Aite No longer is reconciliation technology “solely applied” to reconciling cash accounts. That’s the word from market research firm Aite Group’s latest report, “Reconciliation Technology Solutions in 2014: Recs Get Ready to Rumble,” which also takes note of the “explosion in the number of different vendor solutions… Read More >>
NSCC Lobbies for an Alert System for Trading Limits as Fiserv Ports TradeFlow to Linux
NSCC Seeks SEC Approval for Limits Alert System The National Securities Clearing Corp. is seeking the SEC’s approval for a key component of a monitoring system that will alert firms to trading activity that hits or exceeds trading limits.A subsidiary of the DTCC, the NSCC wants to provide its members with a new tool… Read More >>
Omgeo Aims for a Global SSI Utility as DTCC Builds Client Data Service with A-List Firms
Omgeo & DTCC Ready ‘Global Utility’ for SSIs Post-trade solutions provider Omgeo and the DTCC are combining forces to build a repository that would effectively serve as a global utility for standing settlement instructions, intended to lower operational costs and bolster efficiency, say Omgeo and DTCC officials.SSI data such as account number, currency code, security… Read More >>
An Infosys Exec Moves to iGATE as DST Hires from Eagle
iGATE Taps Infosys Exec for President and CEO Consulting, technology and business process outsourcing vendor iGATE has appointed Ashok Vemuri to be its next president and CEO, replacing Gerhard Watzinger, who has been the interim president and CEO since May 2013. Watzinger will remain with iGATE in an advisory role temporarily to assist with Vemuri’s… Read More >>
