Citi’s Global Transfer Agency business unit has deployed Fenergo’s Client Lifecycle Management (CLM) platform “to digitize investor onboarding and due diligence services for regulated funds in Europe,” officials say. Citi can now use “customized policy-driven risk assessment for anti-money laundering (AML) and know your customer (KYC) checks for clients,” officials say. The Fenergo system also… Read More >>
SS&C Adds Investment Management Suite to Black Diamond
SS&C Technologies has added a suite of integrated capabilities to its Black Diamond Wealth Platform — dubbed Black Diamond Investment Management Services — that is intended to elevate client outcomes for advisors via streamlined portfolio management, trading, and client engagement, officials say. “Shifting client expectations are driving the need for advisors to solve more problems… Read More >>
Standard Chartered Launches Spot Trading for Bitcoin & Ether
Standard Chartered has launched an integrated digital assets trading service for institutional clients that includes spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) through its U.K. branch and will be introducing non-deliverable forwards (NDFs) trading, officials say. Officials at the bank say this move makes Standard Chartered “the first global systemically important bank to offer… Read More >>
Exchanges Maintain ‘Strong Momentum’ for ESG Efforts: Survey
While environmental, social, and governance (ESG) frameworks and other sustainable finance efforts are on the wane in the United States, key exchanges worldwide are showing “strong momentum” across ESG priorities and are deepening “their commitment to sustainable finance,” according to the World Federation of Exchanges (WFE) in the 11th edition of its Annual Sustainability Survey…. Read More >>
Firms Underestimate the Total Cost of Collateral
(The total cost of collateral is often underestimated because it extends beyond the direct cost of the assets themselves, explains Wassel Dammak, head of product strategy, collateral management at Vermeg, in a wide-ranging FTF News Q&A. The total cost of collateral encompasses three key components within any financial institution: technology, people, and processes, he adds…. Read More >>
Raymond James Ltd. to Hasten Digital Transformation via FNZ
Raymond James Ltd., the Canadian subsidiary of the North American investment firm Raymond James Financial, is investing in and collaborating with FNZ, a wealth management platform provider, to deliver a wealth management system intended to strengthen Raymond James Ltd.’s value proposition, officials say. The strategic investment in FNZ is intended to strengthen Raymond James Ltd.’s… Read More >>
DNA Brokerage Launches Broker-Dealer Affiliate
Independent introducing broker DNA Brokerage LLC has launched an affiliate broker-dealer, DNA Securities, which will allow the combined companies to offer futures services and securities trading solutions to institutional customers, officials say. “DNA launched its futures brokerage services in August 2024. Driven by customer demand, DNA has expanded its services to include the introduction of… Read More >>
SEC Chair Declares New Era of Reasonable Deadlines
“The days of unreasonable deadlines have passed,” declared SEC Chairman Paul S. Atkins late last month. The head of the SEC was referring to the commission’s vote to extend the compliance date to June 30, 2026, for the amendments to the broker-dealer “Customer Protection Rule (a.k.a. Rule 15c3-3).” “This extension will provide more time for… Read More >>
Calero Automates the Management of LSEG Entitlements
Automation has come to the management of the London Stock Exchange Group’s Refinitiv Data Platform (Hosted) via a new application programming interface (API) link and eBonding capabilities from Calero, a solutions provider for managing the cost and compliance of market data, officials say. The Calero support is intended to help heads of market data and… Read More >>
30% of E.U. Firms Have No T+1 Plans
Almost three in 10 firms have yet to begin any planning for Europe’s T+1 transition, scheduled to take effect on Oct. 11, 2027, according to a new research report, with a further two in ten — representing 19 percent of respondents — still in the process of scoping the necessary work. The remaining firms, however,… Read More >>
