The highly touted “Crypto Week” of July 14-18 — when Congress mulled over major legislation to kick-start the digital asset era for U.S. markets — was just the start of the Trump team’s push to have the United States dominate global crypto markets. Toward the end of last month, “The President’s Working Group on Digital… Read More >>
KYC & Compliance Reap Rewards from Agentic A.I.: Survey
A growing number of global financial institutions are using agentic artificial intelligence (A.I.) to evolve the efficiency of their compliance operations and to automate key tasks such as know your customer (KYC) efforts, according to a new study from Fenergo, a provider of digital solutions for KYC and anti-money laundering (AML) compliance. Hopes are running… Read More >>
SS&C Acquires Calastone to Revamp Global Funds Ops
SS&C Technologies, a post-trade securities operations services and systems provider, is acquiring Calastone, a global funds network and financial technology solutions provider, from the Carlyle Group for $1.03 billion (£766 million) in an effort to build “a more connected, automated, and intelligent global fund ecosystem,” say SS&C officials. Calastone’s network and technology solutions are expected… Read More >>
Why Regulatory Fragmentation Must End
Fragmented global financial regulation is still a problem that “puts competition, economic growth and financial system resilience at risk,” according to a joint paper, “The Costs of Fragmentation and Possible Solutions,” released earlier this month by the Bank Policy Institute, the Global Financial Markets Association (GFMA), and the Institute of International Finance. Regulatory fragmentation is… Read More >>
Franklin Templeton Taps BNY for ETF Servicing
Global asset manager Franklin Templeton has appointed custody giant the Bank of New York Mellon Corp. (BNY) to provide “a full suite of asset servicing and foreign exchange capabilities” for U.S.-listed, exchange-traded fund (ETF) offerings, officials say. “Franklin Templeton is expanding its long-standing relationship with BNY to leverage additional services for one of its fastest-growing… Read More >>
A.I. Tops the Worry List for Compliance: Survey
The researchers behind the 2025 Investment Management Compliance Testing (IMCT) Survey declare that they have found “a new king of compliance topics:” the adoption of technologies that use artificial intelligence (A.I.) The 20th IMCT Survey, which provides insight into compliance testing practices and priorities, was based on polling 577 compliance professionals. “This year’s results highlight… Read More >>
‘Genius Act’ Hopes to Launch a Stablecoin Revolution
Late last week, President Donald J. Trump signed the Genius Act into law, creating “the first-ever Federal regulatory system for stablecoins, ensuring their stability and trust through strong reserve requirements,” according to the White House. The legislation is intended to “pave the way for the United States to lead the global digital currency revolution.” However,… Read More >>
SEC Designates Acting Chair for the PCAOB
Independent watchdog, the Public Company Accounting Oversight Board (PCAOB), will soon have a new acting chair, George R. Botic, who will take over for PCAOB Chair Erica Y. Williams after her resignation takes effect July 22, 2025. This is according to the Securities and Exchange Commission (SEC), which designated the line of succession for the… Read More >>
Citi Deploys Fenergo’s CLM for Funds in Europe
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 >>
