The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, a member-owned cooperative founded in 1973 that provides financial messaging services, has published its latest report on cyber threats. The report is entitled “Three years on from Bangladesh: tackling the adversaries,” and its focus is the “evolving nature of the cyber threats facing the global financial… Read More >>
ISITC to Scrutinize Disruptive IT at Spring Summit
David Scola, head of North America for the SWIFT financial messaging and services cooperative, will dive into the impacts of disruptive technologies such as open application programming interfaces (APIs), distributed ledger technology (DLT), artificial intelligence and machine learning at ISITC’s 25th Annual Securities Operations Summit later this month in Boston. Scola is serving as moderator… Read More >>
SWIFT’s CEO Will Step Down in June 2019
Gottfried Leibbrandt, the CEO of the financial messaging and systems cooperative SWIFT, is stepping down from his post after seven years during which the organization endured major industry shifts and a major hacking scandal. Leibbrandt notified the SWIFT board of his intention to step down at the end of June 2019, officials say. SWIFT officials… Read More >>
Brevan Howard Uses AcadiaSoft for IM Management
A Major Buy-Side Firm Embraces AcadiaSoft’s IMEM AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives market, reports that Brevan Howard has been added to the users of AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM). As one of the first buy-side firms that falls within the scope of Phase Three of… Read More >>
SWIFT & Microsoft Collaborate to Bring Payments to Azure
SWIFT and Microsoft Join Forces for a POC Software giant Microsoft and financial messaging cooperative SWIFT are taking a major step forward in making Microsoft’s Azure cloud computing service the host for native payments, officials announced at SWIFT’s SIBOS conference underway this week in Sydney, Australia. The two companies acknowledged that they have been working… Read More >>
Broadridge Jolts Asset Servicing via New Service
Broadridge Launches Asset Servicing Solution at SIBOS Broadridge Financial Solutions is debuting at SIBOS in Sydney Australia a cloud-based processing solution that addresses the challenges with end-to-end asset servicing, officials say. The solution targets the “industry, business and operational challenges” that are part of global asset servicing, say Broadridge officials. Global A-list banks have been… Read More >>
Vendors Must Understand What Clients Want: Q&A
(At the SS&C Deliver customer conference of SS&C Technologies in Las Vegas last month, FTF News got the chance to interview Steve Steffy, director of operations at Trilogy Global Advisors, based in Winter Park, Fla. An SS&C client, Trilogy describes itself as a specialist emerging markets equity boutique firm. Two years ago, the vendor published… Read More >>
CRD & Broadridge Partner to Bolster SWIFT Links
CRD’s IMS to Get New Broadridge Support Charles River Development (CRD) and Broadridge Financial Solutions are formalizing a business alliance to facilitate broader integration with the SWIFT financial messaging network for the Charles River Investment Management Solution (Charles River IMS), officials say. The partnership is in response to the industry’s move, sanctioned by the SEC,… Read More >>
ISITC Jolts Ops Standards, Embraces the Cutting-Edge
(FTF News got a rare chance to check in with Erica Borghi, the current chair of the International Securities Association for Institutional Trade Communication (ISITC), and Lisa Iagatta, current vice chair for ISITC, an industry group that advances standards, technology and best practices for financial services operations. In a wide-ranging Q&A, they provide updates on… Read More >>
Major Ops Industry Players Put Blockchain to the Test
The raging romance between financial services firms and blockchain technologies is heading toward a new phase where projects, tests and proof-of-concept efforts are beginning to yield results that will help industry players revamp or even replace key securities operations. Over the last few weeks, the signs have been encouraging: Deutsche Börse Group and HQLAX have… Read More >>