Timed for the SWIFT Sibos exposition and conference this week in London, SmartStream Technologies has launched a cloud-based offering, SmartStream Air, that the vendor says reconciles complex sets of data in seconds with the help of artificial intelligence (AI) algorithms. The new offering, developed via the SmartStream Innovation Lab, can “auto-configure reconciliations of any data… Read More >>
Electra Reconciliation Update Will Use ML: Q&A
(Electra Information Systems, Inc., a provider of reconciliation and other post-trade solutions, won the 2019 FTF News Technology Innovation award for Best Reconciliation Solution, its fourth consecutive win in this category. FTF News got time with Todd Sloan, senior vice president, business development and product management for Electra. Sloan joined Electra in 2003 as a… Read More >>
Calypso & AI Vendor Target Back Office Ops
Calypso Partners With 2021.AI Financial software vendor Calypso Technology is partnering with an artificial intelligence IT platform provider, 2021.AI, to optimize back-office processes for Calypso’s global client base, officials say. The two vendors will focus on delivering state-of-the-art AI models and Calypso will facilitate access to 2021.AI’s Grace AI platform, officials say. “By partnering with… Read More >>
CloudMargin Hires Former Group CEO of TriOptima
CloudMargin Appoints Stuart Connolly as Next CEO A former Group CEO of TriOptima Stuart Connolly has been named as the new CEO of CloudMargin, a London-based vendor of cloud-based collateral and margin management solutions, replacing Steve Husk, who left CloudMargin. The CloudMargin board of directors approved Connolly’s appointment and he has taken on the role,… Read More >>
World Bank Signs Licensing Agreement with SimCorp
World Bank Deployment to Cover Middle and Back Offices SimCorp, which provides investment management products and services to the financial services industry, reports that the World Bank has licensed SimCorp Dimension, the vendor’s investment management system. The agreement was signed in late 2018, per SimCorp. Under the agreement, the World Bank has licensed SimCorp’s “middle… Read More >>
U.K. Specialist Firm Embraces ‘Recs as a Service’
Genesis Investment Management Deploys Watson Wheatley Service London-based Genesis Investment Management, a specialist investment management firm, is the first official customer of reconciliation vendor Watson Wheatley’s “reconciliation as a service” offering, according to officials at the firm and the vendor. The new offering from Watson Wheatley leverages the audit controls and automation of the iRecs… Read More >>
CME to Drop NEX Branding Post-Acquisition
CME to Keep BrokerTec, EBS, Traiana & TriOptima Brands The CME Group as expected has completed all the steps for the acquisition of NEX Group, first announced in March, but will discontinue the NEX branding while keeping the names for the mark1ets and “Optimisation” businesses such as BrokerTec, EBS, Traiana and TriOptima. “The combined company… Read More >>
Bad Recs Can Halt Front Office Growth: Q&A
(Growth can be a double-edged sword for some securities firms as it will bring in new revenues and the potential for more profits. However, incumbent systems and operations will have to be adjusted to meet the new demands of the front office. So says John Landry, CEO of Electra Information Systems, in an interview with… Read More >>
Cardano Implements Intraday Recs via Electra Upgrade
London-based Cardano Risk Management Ltd., a specialist fiduciary manager, has made the move to intraday reconciliation and reports that it is saving time and money via the more efficient operation. Part of the Cardano Group, the asset manager serves pension funds, insurance companies and other organizations. The London branch has been using a recs offering… Read More >>
Deutsche Bank Shifts Three Recs Services to SmartStream
Deutsche Bank has outsourced three reconciliation services to a SmartStream Technologies’ Center of Excellence (CoE) in an effort to streamline recs processing and make it more cost effective, according to bank and vendor officials. SmartStream’s CoE is now overseeing “three distinct managed services: reconciliations on-boarding, production support and operational reconciliation services,” officials say. Previously, the… Read More >>
