SS&C GoCentral Uses A.I. & BPR SS&C Technologies has launched a fund administration platform, dubbed GoCentral, that uses artificial intelligence (A.I.) to facilitate a unified platform for accessing information and systems, officials say. In addition to A.I., the web platform leverages business process re-engineering (BPR) “in an exception management-based approach to optimize front, middle and… Read More >>
Post-LIBOR Shifts Need a Strategy: Q&A
(With LIBOR for new contracts ending Dec. 31, 2021, and LIBOR’s usage finally over as of June 30, 2023, a new era for risk-free reference rates is underway. Financial services firms are transitioning to replacements such as the Secured Overnight Financing Rate (SOFR), and they are grappling with the post-LIBOR impacts upon their trading, risk,… Read More >>
Coinbase Hires Goldman Sachs Ops Vet & Other News
Roger Bartlett Joins Coinbase Cryptocurrency exchange platform operator Coinbase Global, Inc. has hired a Goldman Sachs securities operations veteran Roger Bartlett to be its next vice president, global head of financial operations, according to media reports and Bartlett’s LinkedIn page. Coinbase has also made clear that it wants to expand its employee roster by 2,000… Read More >>
Q&A: Securities Firms Are More Open to Collaboration
(Systems and software based upon open source technology have permeated the securities trading industry even though firms had reservations about the movement for years. In fact, Fintech Open Source Foundation (FINOS), the financial services sector project of the Linux Foundation, had a membership surge in 2021 via a 34 percent increase in new corporate members… Read More >>
Ops Comes Second for Digital Overhauls: Survey
When it comes to deciding which division within a financial services firm should get priority for a digital overhaul, the operations and the sales and marketing groups come second to teams overseeing customer experiences, according to a new survey about next generational technology conducted by Broadridge Financial Solutions. The report, “Fast-tracking digital transformation through next-gen… Read More >>
Dash Overhauls Its OMS & Other FinTech News
OMS Update Also Links to Dash ATS Dash Financial Technologies, an options technology and execution vendor, is launching a redesigned version of its order management system (OMS) for options trading that provides access to all routing and algorithmic execution tools such as the Sensor suite, the Dash Alternative Trading System (ATS), and an integrated volatility… Read More >>
Citi & Bloomberg Target ETFs & Other FinTech Briefs
Citi Integrates ACES With Bloomberg’s BSKT Citi and Bloomberg officials report that they have integrated Bloomberg’s service for negotiating fixed income baskets, known as BSKT, with a proprietary platform from Citi known as ACES (Citi Advanced ETF System). The integration is intended to provide better support for Citi’s exchange-traded funds (ETF) clients that use BSKT…. Read More >>
Broadridge & DTCC Target Voluntary Corporate Actions
Broadridge Financial Solutions is laying the groundwork for an automated path for voluntary corporate actions in standardized ISO 20022 format via a connection to the Depository Trust & Clearing Corp.’s new automated process for submitting instructions, officials say. The securities industry has been wrestling with the inefficient manual aspects of corporate actions processing for many… Read More >>
SWIFT Enlists SETL for Digital Asset Ops Pilot
The SWIFT financial messaging and services cooperative is exploring how it might facilitate interoperability among the distributed ledgers used to underpin the tokenized asset market, and London-based blockchain upstart vendor SETL has joined the effort. “SWIFT plans a series of experiments in Q1 2022 leveraging its trusted role as a central platform to explore the… Read More >>
ISITC’s Back Even Stronger in 2022: Q&A
(Kristin Hochstein is the new chair of ISITC for the 2022-23 term, and she foresees the industry standards trade group in the new year as not simply what it was before the pandemic but “even stronger and with a new lens.” Hochstein takes over from Lisa Iagatta, who finished her three-year term as chair at… Read More >>
