Like it or not, North American firms are getting new plumbing for settlement. Settlement within the shorter time frame of the trading day plus another day, or T+1, is becoming a reality for North American firms, starting with those firms in Canada and Mexico, and with a nod to South America, Argentina, on Monday, May 27,… Read More >>
CACEIS Pioneers Digital Assets Services Unit
CACEIS, an asset servicing provider based in Montrouge, Île-de-France, has launched its Digital Assets business line, making it the first European asset servicing group to do so, officials say. The launch will bolster CACEIS’s digital strategy and help it meet growing demand from investment management firms and institutional investors, officials say. “The Digital Assets business… Read More >>
IPC & VoxSmart Partner to Improve Transcriptions
IPC Systems, a trading communication and multi-cloud connectivity provider, is collaborating with VoxSmart, a communications surveillance company, to improve multilingual transcription technology for financial services firms, officials say. The collaboration will involve artificial intelligence (AI) technology and “real-life conversations had by capital markets professionals,” officials say. The partnership is intended to yield “a 50-fold increase… Read More >>
NYSE Council to Explore A.I. & Other Technologies
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies. “The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement. “With… Read More >>
T+1 is Stealing the Spotlight from Securities Lending
(Editor’s note: This past October, the Securities and Exchange Commission adopted Rule 10c-1a in an effort to increase the “transparency and efficiency of the securities lending market,” according to the SEC. The new rule required the reporting of “specified information about securities loans to a registered national securities association (RNSA)” by 2026. The new rule… Read More >>
RIAs & ERAs Face New Regulatory Obligations
Registered investment advisers (RIAs) and exempt reporting advisers (ERAs) may have to develop customer identification programs (CIPs) to prevent “illicit finance activity” involving their customers because of a joint effort by the Securities and Exchange Commission (SEC) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The SEC and FinCEN on May… Read More >>
Cornerstone FTM Goes Live With High-Velocity Platform
Hedge fund Cornerstone FTM has gone live with “a cutting-edge” investment platform that leverages the portfolio support, custody, and fund administration services of Northern Trust and the infrastructure and data management offerings of Equity Data Science (EDS), a business partner of Northern Trust. The collaboration between Northern Trust and EDS, which provides the real-time quantitative… Read More >>
Franklin Templeton & Microsoft to Develop A.I. Platform
Asset manager Franklin Templeton and Microsoft are collaborating to develop a platform for financial services that uses artificial intelligence (A.I.) technology to initially improve the productivity of the firm’s sales and marketing teams and to foster personalized services for clients. The new A.I. platform to come will use Microsoft Azure A.I. services such as Azure… Read More >>
Performance Teams Are at a Crossroads
Advances in technology and workflow management appear to be changing forever the work of performance measurement teams and how they accomplish it, according to a new white paper “In the Thick of It: How Performance Teams are Driving Value Across the Organization,” from FactSet. For instance, nine out 10 respondents to the survey — upon… Read More >>
Finastra Taps OpenFin to Bolster Kondor
Finastra, a financial software applications and marketplaces provider, is collaborating with OpenFin to improve the user experience of Finastra Kondor, a well-established bank treasury management system, officials say. The OpenFin technology is intended to strengthen Kondor “with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks,” according to the… Read More >>
