(Financial services firms need to keep their IT infrastructure current or risk pushback from staff and clients, says Kristin Ferguson, CFE, CAMS, CFI, senior director, enterprise investigations, TIAA- Nuveen, in an FTF News Q&A. At TIAA-Nuveen, Ferguson’s responsibilities include conducting and overseeing targeted, highly sensitive investigations, including but not limited to: embezzlement, bribery/kickbacks, vendor fraud,… Read More >>
Congress Mulls the Fate of the PCAOB
Securities firms, investors, government officials, and all other capital markets participants rely on the financials that auditors of public companies provide. Yet scandals large and small led to the creation of an auditor of the auditors in 2002, dubbed the Public Company Accounting Oversight Board (PCAOB), which was fostered by the U.S. Congress and then-President… Read More >>
Microsoft Joins FINOS as Platinum Member
Microsoft has become a Platinum Member of the Fintech Open Source Foundation (FINOS), part of the Linux Foundation, and will be expanding its leadership role within the FINOS community, officials say. “With this expanded engagement, Microsoft is the first cloud service provider joining the FINOS Governing Board, represented by Allison Nachtigal, vice president, Azure chief… Read More >>
FTF Reveals Winners of the 14th Annual Awards Program
Financial Technologies Forum (FTF) has revealed the winners of the 2025 FTF News Technology Innovation Awards program, and cutting-edge and mainstream achievements are the common themes among the winners. The FTF Awards program — now in its 14th year — honors providers, organizations, and individuals who made significant contributions to the profession of securities operations… Read More >>
Ex-Goldman Sachs MD Sent to Prison via 1MDB Scandal
The wheels of justice in the U.S. appear to be a little rusty, but they still run, and every once in a while, they remind us of a major scandal or two. This is proving to be the case for Tim Leissner, a former chairman and participating managing director (MD) for Southeast Asia at Goldman… Read More >>
Bloomberg Terminals to Offer Similarweb’s Web Traffic Data
Bloomberg Terminal users now have access to web traffic data from Similarweb through the {ALTD<GO>} command, an offering intended to assist trading firms that want to better understand online behavior. The inclusion of Similarweb’s data and analytics will “significantly enhance” Bloomberg’s set of alternative data offerings, officials say. “Similarweb is the latest alternative dataset integrated… Read More >>
Syntax Data & Donoghue Forlines Take On Uncertainty
Syntax Data, a provider of index solutions, is working with Donoghue Forlines, a Boston-based investment firm specializing in active risk-managed portfolios, to offer index strategies aimed at mitigating downside risk caused by the new uncertainty, officials say. “The strategic partnership recently launched two indexes, the Donoghue Forlines Risk-Managed Momentum Index and the Donoghue Forlines Risk-Managed… Read More >>
Key Groups Challenge SEC’s Cyberattack Disclosure Processes
Key securities industry trade associations are challenging the disclosure procedures of a cybersecurity rule adopted in 2023 by the U.S. Securities and Exchange Commission (SEC), asking the regulator to return to a principles-based disclosure regime. SIFMA, the American Bankers Association (ABA), the Bank Policy Institute (BPI), the Independent Community Bankers of America (ICBA), and the… Read More >>
ECB to Launch Collateral Management Platform
A system intended to unify collateral management systems for 20 Euro area national central banks has just gotten the green light from a key group within the European Central Bank (ECB). It is slated to go live by mid-June. The Governing Council of the ECB “has confirmed that the new Eurosystem Collateral Management System (ECMS)… Read More >>
Citi & SDX to Tokenize Private Market Shares
Citi is collaborating with SDX Group AG (SDX), the digital assets exchange from SIX, so that the global bank can transform a paper-based system into a tokenized one that settles and secures private shares via SDX’s digital Central Securities Depositary (CSD) platform. The new solution will also deliver “late-stage pre-IPO equities to institutional and eligible… Read More >>
