A joint survey of 117 organizations conducted by financial messaging cooperative SWIFT and specialist consultancy CityIQ finds that the investment in automation tools for corporate actions processing has grown since the last survey in 2012 because firms have to cope with increases in volume and client demands, and need to cut costs while improving the… Read More >>
BBH to Use Enhanced Omgeo Alert Service
Post-trade services provider Omgeo, a wholly owned subsidiary of the DTCC, reports that Brown Brothers Harriman (BBH) has become the first global custodian bank to go live on Omgeo’s new GC Direct-enabled Alert service. The Omgeo Alert GC Direct offering is intended to improve “the management of account information and standing settlement instruction (SSI) data… Read More >>
‘Joss offerings will be integrated with AIM’s suite’
AIM Software, based in Vienna, Austria, is completing its acquisition of New York-based entity data management vendor Joss Technology, according to Olivier Kenji Mathurin, head of product marketing and research for the data management vendor. Joss Technology is the maker of the Entity Data Management System (EDMS), the “entity master” that uses a fuzzy logic… Read More >>
Q&A: 6,100 Users on DTCC’s Corporate Actions Web Platform
Daniel Thieke, DTCC managing director and general manager, settlement and asset services, recently answered FTF News’ questions about the DTCC’s Corporate Actions Transformation initiative. In fact, Thieke will be presenting an update on the corporate actions push at the SIFMA Ops 2015 operations conference and exhibition underway this week in San Diego, Calif. At DTCC,… Read More >>
ASX Rips Up Its Back Office
With major productivity benefits in mind, the Australian Securities Exchange (ASX) has overhauled its back-office operations and moved from highly manual, batch-oriented processes toward straight through processing and automated workflows for customer, securities reference and corporate actions data. ASX officials are anticipating productivity improvements as high as 80% for corporate actions processing; faster speed to… Read More >>
ISO 20022 Spurs Corporate Actions Woes & Rewards
Panelists at Financial Technologies Forum’s Corporate Actions Processing Conference (CAPCon NY) this week describe the switch to ISO 20022-based systems as a harrowing one, involving considerable upheaval throughout the back office, but also one that can increase efficiency, decrease risk and cut costs in the long run. Although the ISO 20022 standard has been around… Read More >>
SWIFT App for ISO 20022 Gaining Ground
A year after its launch, the ISO 20022 Adoption mApp is proving to be effective in helping the SWIFT financial messaging cooperative push a harmonization agenda for the standard, says Stephen Lindsay, the head of standards for SWIFT. Lindsay presented his findings at the Standards Forum of the SIBOS conference and exhibition in Boston last… Read More >>
XSP: Firms Are Migrating to ISO 20022
Q: What SWIFT-related product trends have you seen among your clients for this year? A: We are seeing a continued migration toward 20022, with more firms moving beyond the proof-of-concept phase and beginning to highlight one or two pilot projects. Having tools that can facilitate this process has helped firms greatly. DTCC transformation and the… Read More >>
SmartStream: ‘Enormous Pressure’ to Cut Ops Costs
Q: Could we talk a little bit about a paradigm shift you’re seeing? Why do you think that’s happening? A: When we look at what’s happening with the banks today, there’s enormous pressure to cut operational costs, the cost of ongoing support for their existing systems. Each of the clients that we talk to, including… Read More >>
Information Mosaic: ‘15022 Adoption Wave Has Passed’
Q: What SWIFT-related product trends have you seen among your clients for this year? A: The ISO 15022 adoption wave has passed. The flaws, particularly the non-extendibility and inability to capture all the relevant information in a structured format, are well-recognized by the industry. A new trend in Asia-Pacific saw a major exchange implement a… Read More >>
