(Editor’s note: It looks as if industry veteran Bill Meenaghan, founder and CEO of SSImple, a fintech startup is on a mission to resolve the “age-old” problem of manually-based Standard Settlement Instruction (SSI) systems via distributed ledger technology (DLT). Meenaghan, who has more than 20 years of financial services experience, the relatively new company want… Read More >>
SIFMA, ICI and DTCC Launch T+1 Outreach
The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) are reaching out to financial services firms to gather more information for a new push to shorten the U.S. securities settlement cycle from T+2 to T+1, and they are aiming to complete their information… Read More >>
Cognizant Adds Meritsoft’s FINBOS to Portfolio via Acquisition
Professional services provider Cognizant, based in Teaneck, N.J., has acquired post-trade processing vendor Meritsoft, based in Dublin, Ireland, for an undisclosed sum in an agreement that will expand Cognizant’s financial technology offerings, and will help Meritsoft to scale its offerings, resulting in an integrated managed services solution, officials say. Meritsoft’s financial technology offerings will become… Read More >>
