Aduro Advisors is partnering with financial compliance solutions provider Fenergo so that the fund administrator can offer its clients new protections that meet the requirements of the Financial Crimes Enforcement Network (FinCEN) anti-money laundering (AML) rule that goes into effect Jan. 1, 2026, officials say. This past August, FinCEN issued a final rule “to help… Read More >>
Why Data Provenance Matters to SIX
(In a wide-ranging discussion, Charles Warburton, head of product and commercial strategy — Americas, local country head — U.S., for SIX, explores the major aspects of SIX’s commitment to data provenance encompassing direct connections to data sources, the roles of corporate actions and reference data, the importance of fixed income and securities master data, and… Read More >>
Principal Asset Management Taps SS&C Again
Principal Asset Management, the investment management division of Principal Financial Group, has extended its transfer agency relationship with SS&C Technologies, which will help the firm oversee public and private investment capabilities, multi-asset strategies, and retirement solutions. “SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal’s 114 mutual funds,… Read More >>
Are Firms Heading Toward a Recs-Related Disaster?
Many firms could be heading for “an operational disaster” caused by rising transactional volumes, soon-to-be-overwhelmed manual reconciliation processes, and a reliance on legacy systems and outdated technology, according to a new report, “The Tipping Point for Asset Management Operations: The rising costs of operational complacency” from provider AutoRek. The report, based on securities industry surveys,… Read More >>
STP Investment Services Unveils ‘STP LaunchAdvisor’
Investment operations solutions provider STP Investment Services has just unveiled STP LaunchAdvisor, a bundle of services — fund administration, investor services, regulatory filings, and core policies — targeting exempt reporting advisers and private fund managers. “The offering integrates fund administration and compliance into a single, cost-effective solution, eliminating the need for multiple service providers and… Read More >>
Urgency Building for ISO 20022 Transitions
(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 >>
