Operations teams at financial services firms should ignore the intense pressure to speed up their artificial intelligence (A.I.) projects and implementations and instead should slow down to go fast because a methodical approach is essential to cross a threshold full of unknown complexities. That was the clear message from panelists in the session, “AI Governance:… Read More >>
Outsourcing Ops Is Gaining Ground Among Asset Managers: Survey
Asset managers are sticking to core product sets or reducing them as they increasingly outsource middle- and back-office operations, according to the fourth edition of the “Driving Growth in Asset Management” study from custodian Northern Trust. “Asset managers are sharpening their focus,” the study says, based on insights from 300 asset management firms across North… Read More >>
FundApps & SteelEye Have Become ‘RegSensus’
FundApps and SteelEye completed their merger last month, and the two providers have become “RegSensus,” which will launch a unified platform for regulatory intelligence via the merged offerings, officials say. Officials add that the London-based RegSensus “will leverage FundApps’ 16 years of regulatory monitoring expertise with SteelEye’s nine years in trade and communications surveillance.” In… Read More >>
SEC & France’s AMF Sign MOU
Officials of the U.S. Securities and Exchange Commission (SEC) and the French Autorité des Marchés Financiers (Financial Markets Authority) report that the regulators have entered into a memorandum of understanding (MOU) intended to ease consultation and information-sharing “in the supervision of certain investment advisers and investment companies regulated by the SEC and investment service providers… Read More >>
Firms Need More Than A.I. for T+1 Compliance
While the securities industry officially marked the one-year countdown to the synchronized Oct. 11, 2027 transition to T+1 settlement across the U.K., European Union, and Switzerland, back-office operations teams are confronting a more immediate operational cliff. Before market participants navigate the compressed cycle across more than 30 national central securities depositories (CSDs) and 11 currencies,… Read More >>
A.I. Is Forcing the Buy vs. Build Question for Ops Software
Artificial intelligence tools are spreading fast across many facets of securities-trading operations, and an emerging trend in which end-users write applications—aka “vibe coding”—may soon capture the imagination of many Ops teams. While software solutions — from small to large — created via vibe coding can be helpful within a group, they rarely scale to the… Read More >>
FSB Identifies 12 ‘Sound Practices’ for A.I. Governance
Securities firms are likely to take one of three approaches to artificial intelligence (A.I.): 1.) full-speed ahead to beat the competition; 2.) pumping the brakes on new projects until more is known about current explorations; or 3.) putting off all A.I. efforts until the firm finds the right fit for operations, among other areas. In… Read More >>
Deutsche Bank Deploys Farsight’s A.I. Platform
Deutsche Bank has deployed a specialized artificial intelligence-based (A.I.) workflow system across its investment banking and capital markets teams in Europe and the Americas. The system from Farsight does not include sensitive data, proprietary knowledge, and workflow activity, which remain within the bank’s IT environment, officials say. The Farsight platform is used with Microsoft PowerPoint,… Read More >>
U.K. Regulator to Crack Down on T+1 Laggards
Financial services firms in the U.K., E.U., Switzerland, and Liechtenstein are under pressure to meet the Oct. 11, 2027 deadline for shorter, T+1 settlement of securities. Yet, for firms in the U.K., there will be extra pressure from that country’s financial services regulator, the Financial Conduct Authority (FCA), as it is fully prepared to use… Read More >>
UBS Transfers Credit Suisse Unit to Northern Trust
A traditional and alternative fund administration business — once part of the scandal-ridden Credit Suisse and now owned by Swiss banking giant UBS — will be transferred to U.S. custodian Northern Trust, which will be extending its separate long-term fund administration agreement with UBS, officials say. Officials say the migration of the formerly Credit Suisse… Read More >>
