(The Swift global cooperative for financial messaging is ending its support for the legacy MT standards for cross-border payments on Nov. 22, 2025, and is urging firms to transition to the updated ISO 20022 standard. This follows the Swift community’s decision in 2018 to adopt ISO 20022 for cross-border payments and reporting. The global embrace… Read More >>
Can Tokenization Save Asset Managers $135 Billion?
Tokenization is “the process of transforming asset ownership into digital tokens on a blockchain,” and it could also be one of the fastest ways for the asset management industry to save $135 billion by trimming the costs associated with traditional fund accounting, transfer agencies, compliance monitoring, and regulatory reporting. This is according to the recently… Read More >>
The Treasury Clearing Reprieve Could Prevent Pitfalls
The SEC’s decision to move key deadlines for its own rule requiring centralized clearing for U.S. Treasuries and Treasury-backed repurchase contracts that were formerly cleared bilaterally has been met with approval by major industry participants. However, major market players acknowledge that the industry needs a breather to catch up to the regulator’s requirements. In particular,… Read More >>
U.K. Fires Starting Gun on T+1 Settlement
The U.K. Accelerated Settlement Taskforce (AST) has officially kicked off the transition to a T+1 settlement cycle, with backing from the U.K. government, the Bank of England, and the U.K. regulator, the Financial Conduct Authority (FCA). The switch is set for October 11, 2027, marking a major operational shift for UK financial services firms. AST… Read More >>
‘EDI Bot’ for CA Data Debuts via Symphony
Exchange Data International (EDI) is offering near real-time, global corporate action updates via its EDI Bot, available via the Symphony Messaging service, officials say. The new bot is intended to simplify “the retrieval of crucial data, allowing users to access and manage corporate actions” within Symphony, according to the announcement. The EDI Bot’s key features… Read More >>
What Is Your Firm’s Crypto Assets Exposure?
(Bloomberg recently launched a service — Digital Asset Exposure Analytics — that provides views into direct and indirect digital asset exposure for spot currencies, futures, options, and equity tickers for companies engaged in crypto activities and funds holding these assets. The new service is intended to help firms such as asset managers, discern whether crypto… Read More >>
State Street and SS&C Revamp IFDS in Europe
State Street Corp. and SS&C Technologies plan to restructure the European components of their record-keeping solutions and business process outsourcing joint venture, dubbed International Financial Data Services (IFDS), but will keep their IFDS Canada effort intact for North American markets, officials say. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between State Street and… Read More >>
KDPW Revamps LEI Website & Issuance Application
The Central Securities Depository of Poland KDPW (Krajowy Depozyt Papierów Wartościowych) has revamped its website and issuance application for Legal Entity Identifiers (LEIs), intended to streamline the creation and usage of LEIs, officials say. The changes are available via the established website address: https://www.lei.kdpw.pl/ The LEI is “a 20-character alpha-numeric globally unique legal entity identifier… Read More >>
Advyzon & StoneX Collaborate on Wealth Management
Advyzon Enterprise Solutions is partnering with the Correspondent Clearing division of StoneX Financial Inc. to bring Advyzon’s technology platform and portfolio management solution to StoneX’s introducing broker-dealers and financial advisors, officials say. A wholly owned subsidiary of StoneX Group Inc., StoneX Correspondent Clearing is a financial services firm that provides global market access, clearing and… Read More >>
Euroclear to Deploy BBH’s IDS Platform
Asset servicing provider Brown Brothers Harriman (BBH) is working with Euroclear, the Brussels-based international central securities depository (ICSD), to provide SWIFT message transformation and network connectivity for Euroclear’s new Bilateral Repo service, officials say. “Enabling repo market participants’ connectivity to multiple custodians is a key attribute of this new service and provides highly sought-after depository… Read More >>
