New Portal Works with IHS Markit’s KY3P Data and analytics vendor IHS Markit has launched the Vendor Management Portal (VMP), a solution to help end-user firms with support for vendor risk-tiering and vendor management workflow, officials say The effort combines VMP with the vendor’s KY3P due diligence service to offer a system to “centralize the… Read More >>
Firms Face Cutting-Edge & Conventional IT Challenges in 2018
(Editor’s note: This tumultuous year is winding down but there’s every reason to think that securities operations will continue to make leaps and bounds next year especially when it comes to cutting-edge IT. Erica Borghi (née Choinski), chair of the International Securities Association for Institutional Trade Communication (ISITC), and vice president of Fintech Risk at… Read More >>
Electra and Linedata to Link Key Platforms
Electra and Linedata to Create Recs Interface Investment management software vendor Linedata and reconciliation services provider Electra Information Systems have announced that they are creating an interface between two key platforms. The new link will provide Linedata Mfact fund accounting users with support for Electra’s Reconciliation, offering capabilities for reconciling system-to-system, net asset value… Read More >>
SGBT to Implement Duco Cube’s Hosted Services
Societe Generale Bank & Trust (SGBT) will be using a data management platform from Duco to automate securities, cash and internal system-to-system reconciliations processes, according to bank and vendor officials. SGBT, a Luxembourg-based subsidiary of Societe Generale, will be using the Duco Cube hosted platform “to control complex data using light-touch, self-service technology,” according to… Read More >>
Time for a Giant Leap Forward for ETD Ops?
(Editor’s note: Industry veteran David Pearson, head of post-trade strategy for electronic execution vendor Fidessa, recently took time out of his schedule to answer questions from FTF News. Pearson’s position requires him to provide “innovating new business ideas across Fidessa’s global buy- and sell-side community,” according to his profile. He offers input into the business… Read More >>
Mirae Asset Securities Using FIS for Next Move
Mirae Asset Securities (USA), the wholly owned U.S. subsidiary of Mirae Asset Financial Group, is entering the hedge fund investment allocation space and will be using the Securities360 solution from FIS as it attains self-clearing status. Previously, the firm introduced accounts through a correspondent clearing firm for about two decades and had no need for… Read More >>
Global Markets to Brace for E.U. Regs in 2017
(FTF News is sampling the flurry of securities industry predictions that are hitting as 2017 becomes reality and 2016 starts to fade. This review of predictions will be presented in three parts this week. This is the first installment (click here for second installment and here for third installment) and it focuses on what may… Read More >>
SETL, Cobalt DL to Create FX Post-Trade DLT Solution
Two distributed ledger technology (DLT) pioneers SETL, a London-based financial blockchain specialist, and Cobalt DL, a private peer-to-peer network provider, have joined forces via a new partnership intended to yield a post-trade platform for foreign exchange (FX) transactions. “In June 2016, SETL announced the launch of our blockchain-powered OpenCSD platform, which enables any market participant… Read More >>
Rabobank, D&H Complete Blockchain Proof-of-Concept Project
The Project’s Success Bodes Well for Other DLT Applications DH Corp., a provider of technology solutions to financial institutions globally, and Dutch bank Rabobank announced that they have successfully completed a proof of concept for blockchain/distributed ledger technology (DLT) that supports D+H’s payments services hub, and paves the way for other applications of DLT…. Read More >>
Cobalt DL Wants to Take Ops Out of the Dark Ages
Financial technology vendor Cobalt DL has kick started the beta testing on its distributed ledger network, which it hopes will streamline post-trade processes and create a singular database for foreign-exchange (FX) transactions. Spearheaded by former Citi and Deutsche Bank executive Andy Coyne, the platform, which is backed by eight of the world’s largest players in… Read More >>
