The global pandemic lockdown has given most of us a time-out that allows us to step back and reconsider a variety of situations. My mind went to scenarios for securities operations, and here are some of my musings on what-if scenarios that could pave the way for permanent changes, once we get to a new, safer… Read More >>
IBM & TR Offer Regulatory Change Management Solution
IT systems giant IBM and the Regulatory Intelligence group at Thomson Reuters (TR) have joined forces to provide financial services firms with a regulatory change management solution that will help them digitize governance, risk, and compliance (GRC) processes, automating access to more than 900 regulatory bodies and 2,500 collections of regulatory and legislative materials, officials… Read More >>
Russia’s Sberbank Settles Repo Transaction via Smart Contract
Russia’s largest bank Sberbank and a private investment firm, Region Group, report that they have settled “the first Russian law-governed repo transaction” with a smart contract developed via the bank’s blockchain laboratory. Using the blockchain for repos provides market participants with “additional flexibility” because it gives end-users a transparent workflow and an “additional level of… Read More >>
IBM & CLS Collaborate on DLT Network PoC
IBM and CLS to Work on DLT Proof-of-Concept Effort Computing giant IBM is collaborating with CLS, a market infrastructure group delivering settlement, processing, and data solutions, on a proof of concept (PoC) effort for LedgerConnect, described as a distributed ledger technology (DLT) platform for the financial services industry. The LedgerConnect offering to come is intended… Read More >>
RIA to Use Fiserv’s Portfolio Accounting & Trading System
Capital Wealth Planning to Deploy Fiserv Platform Capital Wealth Planning, a registered investment advisor (RIA), will be deploying the Unified Wealth Platform from Fiserv for portfolio accounting and trading in order to supports its growth path. The firm, based in Naples, Fla., chose the Fiserv to help it “achieve greater productivity and efficiency in our… Read More >>
Northern Trust, IBM Build Blockchain for Private Equity Ops
Northern Trust and IBM have combined forces on the first commercial deployment of blockchain technology that went live at a private equity investment manager and that will eventually be offered to other clients of the asset custodian. The blockchain solution enables the private equity fund manager to “transfer ownership stakes and be managed, serviced and… Read More >>
DTCC-IBM Blockchain Project Could Be Transformative
(Editor’s note: Earlier this month, post-trade infrastructure services vendor DTCC announced that it will be updating the legacy technology of its Trade Information Warehouse (TIW) with blockchain/distributed ledger technology (DLT) and support from IBM, Axoni and R3; IBM will be serving as the prime contractor. This will be a major undertaking as the TIW service… Read More >>
IBM to Help DTCC Upgrade TIW to DLT
Post-trade infrastructure systems provider DTCC will be updating the legacy technology of its Trade Information Warehouse (TIW) with distributed ledger technology (DLT) and support from IBM, Axoni and R3, officials say. The TIW service automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives, according… Read More >>
IBM’s Watson to Get Compliance Training via Acquisition
IBM is acquiring risk management and regulatory compliance consulting company Promontory Financial Group, and will be adapting the IBM Watson cognitive capabilities — the natural language processing and machine learning — to regulatory compliance. In fact, IBM hopes to replicate for compliance the IBM Watson capabilities that have been applied to clinical medical data, research,… Read More >>
IBM, Singapore to Build R&D Hub for Blockchain
IBM is throwing more weight behind distributed ledger technology (DLT) with the news that the IT systems and software giant plans to launch the first IBM Center for Blockchain Innovation in Singapore via a collaboration with governmental authorities. IBM’s efforts are in line with expectations that securities trading firms and financial technology vendors are likely… Read More >>
