FactSet Combines KYC & RPA for New App FactSet, a provider of financial information and analytical applications, reports the release of FactSet KYC, a cloud-based software-as-a-service (SaaS) application intended to streamline Know Your Customer due diligence. The new app combines KYC robotic process automation (RPA) with FactSet content and public registries, improving the efficiency and… Read More >>
Pershing Clients to Get Help with Digital Moves
BNY Mellon’s Pershing will be launching initiatives this year to help its clients speed up their digitization of business models and thus update how they interact with Pershing’s services — all for a more efficient and better client experience, officials say. Pershing and its affiliates offer clearing and custody, investment and retirement solutions, technology, enterprise… Read More >>
New School Robots Need Old School Rules: Panel
Securities firms should apply old school best practices of IT and staff management when they consider resolving operational issues with robotic process automation (RPA) implementations, according to a panel discussion that was part of a recent ISITC conference. The members of the panel discussion, “Why AI and Robotics? The Allure of Intelligent Automation,” were Jason… Read More >>
Robots Will Help Rather Than Replace Staff: Gartner
Much has been made of the inevitable impacts that artificial intelligence (AI) and machine learning (ML) will have on the more tedious and manual tasks that are part of back-office operations. Market research giant Gartner is chiming in with its prediction that by 2020, “20 percent of operational bank staff engaged in back-office activities will… Read More >>
AI & ML Will Jolt Back Offices: Report
While there has been a lot of hype over disruptive technologies and trends, artificial intelligence (AI) and machine learning (ML) could have the biggest impacts upon securities operations, according to a survey of asset managers, conducted by vendor Eagle Investment Systems and the Hegarty Group, a market research firm. The report’s authors acknowledge that while… Read More >>
2018 Predictions: Expect More Madness via MiFID II & Disruptors
(Editor’s Note: The major concerns about MiFID II compliance, which officially began January 3, will be ongoing throughout 2018. But these market reforms from the European Union will have to share the spotlight with the emerging trends also dubbed as “disruptors,” and we offer a sampling of opinions about them in this final installment in… Read More >>
2018 Predictions: Global Markets to Expand Despite Jolts
(Editor’s Note: Predicting what the financial markets, regulators and industry participants will do in 2018 is a challenge as there are so many variables that could undercut prognostications. Yet in a bid to offset chaos, FTF News has put together a round-up of opinions and initiatives from researchers, analysts and executives at the TABB Group,… Read More >>
MiFID II Deadline Spurs Ops Overhauls for Firms
Although MiFID II is only four weeks away, buy- and sell-side firms are at different stages of preparation. For many, the goal is to cross the finish line on Jan. 3, 2018, but then to spend the rest of the year fine-tuning their systems and processes. “One of the unknowns is how many people are… Read More >>
