Julian Trostinsky Joins Gresham Technologies Gresham Technologies plc has named Julian Trostinsky, an industry veteran and an ex-Duco vice president, as its new “global director of customer success.” Gresham is a fintech provider of real-time processes, procedures and reconciliation capabilities that are intended to provide “data integrity and control, banking integration, payments and cash… Read More >>
Lacewell Leaves Behind a Legacy of Activism
Linda A. Lacewell recently announced that she will be stepping down on August 24 from her position as superintendent of the New York State Department of Financial Services (NYSDFS) after two-and-a-half years at the helm. Her departure coincides with the resignation of Gov. Andrew Cuomo who is leaving because of a scandal involving sexual harassment… Read More >>
SmartStream Applies A.I. to Recs Processes
SmartStream Air Version 4 Gets an A.I. Refresh Post-trade solutions vendor SmartStream Technologies recently launched SmartStream Air Version 4, an application update that uses artificial intelligence (A.I.) technology to support real-time and continuous reconciliation processes, officials say. The update “will allow customers to use a much wider range of processing, including payment reconciliations, which is… Read More >>
Middle Office Problems Spur Settlement Woes: Survey
Problems in middle-office operations are being blamed for back-office settlement failures, according to the results of a joint survey done by Torstone Technology, a vendor of cloud-based, post-trade services, and GreySpark Partners, a capital markets consultancy. In fact, the survey finds that “60 percent of institutions believe that settlement failures attributed to inadequacies of the… Read More >>
RJO Relaunches & Fills President’s Post
RJO Promotes Staniford to President Chicago-based R.J. O’Brien & Associates (RJO), which is generally regarded as the oldest and largest independent futures brokerage and clearing firm in the United States, reports that Daniel Staniford has been named president. Staniford will “act on behalf of RJO and all of its global affiliates and related entities, including… Read More >>
Do Regulators Need to Clarify CCO Liability?
“Regulators, compliance officers and the investing public would all benefit from the adoption of a framework for evaluating potential cases against chief compliance officers (CCOs) in the financial sector.” So says the New York City Bar Association, which has offered a proposal for doing just that. The proposal, a follow-up to the committee’s February 2020… Read More >>
Gresham Will Globalize Clareti & Electra: Q&A
(Editor’s Note: Late last month, Gresham Technologies announced that it was acquiring Electra Information Systems for $38.6 million. The acquisition is slated to become official on June 22, and both vendors say it will help transform the market landscape for reconciliation and cloud-based data control. FTF News got time with Ian Manocha, CEO at Gresham, and… Read More >>
The 2021 FTF Awards Winners Unveiled!
Financial Technologies Forum (FTF) is pleased to announce that operational excellence and major achievements in financial technology innovation surged in 2020 as evidenced by the winners of the 2021 FTF News Technology Innovation Awards competition. The winners of the FTF Awards competition, now in its tenth year, are being announced today, June 7, and they… Read More >>
Gresham-Electra Is ‘Already Shaking Things Up’: Q&A
(Editor’s Note: Last week, two major reconciliation services competitors — Gresham Technologies plc and Electra Information Systems — announced that will be combining into one provider via Gresham’s $38.6 million acquisition of Electra. FTF News got time with Ian Manocha, CEO at Gresham, and this is the first part of a two-part Q&A chat. For… Read More >>
Gresham Technologies to Acquire Electra for $38.6M
Two major reconciliation services competitors — Gresham Technologies plc and Electra Information Systems — will be combining into one provider via Gresham’s acquisition of Electra. Gresham officials report that the company “and its wholly-owned subsidiary, Gresham Enterprise Storage” are purchasing “the entirety of the issued and outstanding shares of common stock of Electra … on… Read More >>
