The U.K. Accelerated Settlement Taskforce (AST) recently released its interim report, presenting recommendations for the industry’s shift to shorter T+1 settlement. The task force has opened a brief consultation period to gather industry feedback on these recommendations. One key aspect of the task force’s strategy is learning from the U.S. experience with T+1 as part… Read More >>
Murex & Kaiko Target Portfolio Management of Digital Assets
Solutions provider Murex will be integrating crypto sector data from vendor Kaiko into the Murex trading, risk management, and processing offerings — and the duo may even build a new interface — as the result of a new strategic partnership, officials say. The combination of Murex’s cross-asset platform with Kaiko’s digital asset data, analytics, and… Read More >>
Abrdn Extends SS&C GIDS Coverage to Singapore
Global investment company and asset manager Abrdn plc, formerly known as Standard Life Aberdeen, is continuing its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. and Luxembourg fund ranges and will extend that coverage for its Singapore efforts, officials report. SS&C GIDS, which is part of SS&C Technologies,… Read More >>
LSEG to Distribute CanDeal DNA Pricing Data
CanDeal Data & Analytics (DNA), a provider of Canadian over-the-counter (OTC) fixed income and derivatives pricing, will be making CanDeal DNA Consensus Overnight Index Swap (OIS) and Swap Rates information available via LSEG Data & Analytics, which will serve as the distributor. The new partnership “is an extension of CanDeal’s collaborative efforts with the Bank… Read More >>
SS&C Widens Its Embrace of Cutting-Edge Technologies
Chicago-based Choreo, LLC, a financial planning and investment advisory services firm, reports using SS&C Accord. This new service leverages artificial intelligence (A.I.) to help wealth managers aggregate and validate their customers’ alternative investment data. The SS&C Accord launch aligns with other A.I.-related and cutting-edge announcements at the SS&C Deliver 2024 Conference underway in New Orleans, Oct…. Read More >>
SEC Bolsters Security for the EDGAR Platform
In case you missed it, the Securities and Exchange Commission adopted “rule and form amendments” late last month that the SEC says will improve the security of its Electronic Data Gathering, Analysis, and Retrieval system, otherwise known as the venerable EDGAR platform. The improvements cover the access and management of filers’ accounts and have been… Read More >>
Meritsoft Targets Dividend Claims Management
A provider of post-trade process automation solutions, Meritsoft has launched an asset-servicing solution that automates coupon and dividend claims operations. The new offering leverages the company’s post-trade platform, which debuted in October 2023, officials say. The new solution automates “the traditionally manual process of matching corporate actions-related claims received through emailed PDF or CSV attachments… Read More >>
SteelEye Uses A.I. to Streamline Alert Review Workflows
Trade surveillance provider SteelEye reports that it has made A.I.-based enhancements to Compliance CoPilot via large language models (LLMs) that provide analysis and actionable insights for compliance officers. The added decision-making capability is intended to target wrongdoers that “adopt increasingly sophisticated market manipulation tactics,” officials say. The enhanced Compliance CoPilot “enables analysts to prioritize high-risk… Read More >>
SmartStream Air Update Takes On Spreadsheet Reconciliation
SmartStream says the latest iteration of its Air platform, version 9, takes on inter-system data validation and spreadsheet reconciliation — key capabilities previously too expensive to automate via traditional reconciliation platforms. In fact, SmartStream Air is not traditional as it’s a cloud-native system that is similar to a consumer app because it does not require… Read More >>
Combining A.I. & Recs Spurred NeoXam’s Acquisition of EZOPS
Adding artificial intelligence (A.I.) to data reconciliation was a key driver behind NeoXam’s acquisition of EZOPS, an A.I. provider for data control, workflow automation, reconciliation, and regulatory reporting solutions. NeoXam is a provider of data management, performance, reporting, portfolio management, and investment accounting software. “Combining reconciliation with A.I. technologies was central to NeoXam’s acquisition of… Read More >>
