BNY Mellon Taps Arjuna Capital Officials at the Bank of New York Mellon Corp. (BNY Mellon) say they are hoping to accelerate their climate strategy efforts via a collaboration with a sustainable investment management firm Arjuna Capital, which helps investors and institutions invest their assets according to environmental, social, and governance (ESG) concerns. “BNY Mellon… Read More >>
Northern Trust & SimCorp to Build Custody Data Links
Northern Trust and investment management solutions vendor SimCorp report that they are collaborating to facilitate an integrated exchange of data for clients of the custodian that also use the SimCorp Dimension platform. The collaboration leverages SimCorp’s software “with pre-established connectivity and Northern Trust’s support for data management,” says James Wright, head of asset owners, EMEA at… Read More >>
Reporter’s Notebook: The SEC Stops Kraken’s Staking Service
The United States Securities and Exchange Commission (SEC) reports that it has charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as the crypto exchange Kraken, with “failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange for advertised… Read More >>
QUODD Acquires Xignite and Other News
QUODD to Get 500 Market Data APIs from Xignite QUODD, a cloud-native provider of market data on demand, has acquired Xignite, a San Mateo, Calif.-based provider of financial market data application programming interfaces (APIs), which will allow QUODD to offer more than 500 market data (APIs), encompassing millions of instruments across all asset classes, officials… Read More >>
Corporate Actions Processing Needs Standards & Uniformity: SIFMA
U.S. corporate actions processing needs more standards and that will require more regulation focused on the timing of corporate actions notifications, submissions, disclosers, and supporting activities, according to a new report from industry association SIFMA and consultancy Ernst & Young (EY). Smoother corporate actions processing would also be in line with the securities industry push… Read More >>
ION Cleared Derivatives Reels from Ransomware Attack
ION Cleared Derivatives suffered “a cybersecurity event” on Jan. 31, 2023, that set off an ongoing crisis for the global processing of cleared derivative instruments. The cyber-and-ransomware attack has gotten the attention of the CFTC, and the Futures Industry Association (FIA) and is likely to take days to resolve, according to media reports and officials…. Read More >>
Many Firms Can’t Leverage Valuable Ops Data: Q&A
(Editor’s note: Many financial services firms can “only leverage a small portion of the data they possess on a modern data platform to generate insight — the rest is simply used for processing activities,” says Kapil Bansal, managing director, global head of data strategy and analytics, business architecture at DTCC, via an FTF News Q&A…. Read More >>
800 BitConnect Victims to Share $17M in Restitution
About 800 victims of the BitConnect cryptocurrency investment scheme will be getting some of their money back, which may serve as a ray of hope for other crypto-fraud victims left in the cold of a crypto winter full of scandal. But it will be a thin ray as the BitConnect Ponzi scheme claimed 4,154 victims… Read More >>
Coinbase Pays $50M Penalty for Alleged Compliance Failures
Another day, another crypto failure? Seems that way, doesn’t it? Consider Coinbase, a cryptocurrency exchange. Coinbase, Inc. has agreed to pay a $50 million penalty and shell out another $50 million to bulk up its compliance program. The alleged compliance failures at Coinbase Inc. were wide-ranging and longstanding — so says the New York Department… Read More >>
Reporter’s Notebook: Is SBF a Gen X Madoff?
Is Sam Bankman-Fried (a.k.a. SBF) the Gen X Bernie Madoff? Or maybe he’s the Hairball-Grinch who stole Christmas? Of course, we won’t know for sure that he’s allegedly a con artist and a crook of epic proportions until he’s had his day in court. Maybe he’s just a kid who believed his own hype and… Read More >>
