Wolters Kluwer has launched an index of regulatory violations issued to financial services institutions in the U.S. that will provide compliance officers with aggregate volumes and penalty amounts that will help them develop compliance risk management efforts. The new Regulatory Violations Intelligence Index covers regulatory actions from 2018 through 2024 and is presented in half-year… Read More >>
Socium Fund Services Deploys Broadridge’s Sentry & Other News
Socium to Manage Portfolios & Ops via Sentry A private equity and private credit fund administrator, Socium Fund Services reports that it has deployed the Sentry loan portfolio management technology solution from Broadridge Financial Solutions, a post-trade systems, services, and applications provider. Socium will use the Sentry system “to more efficiently manage complex private credit… Read More >>
ESG Spurs Wolters Kluwer to Combine Four Divisions
Wolters Kluwer will combine four global enterprise software businesses into a new division, dubbed Corporate Performance & ESG, because environmental, social, and governance solutions are driving growth for the provider of professional information, software solutions, and services, officials say. In March, these four software businesses will be combined: CCH Tagetik (including U.S. Corporate Tax): Corporate… Read More >>
Bank of Ireland to Hire 130 Technologists
New Staff Tasked to Deliver a Digital Transformation Officials at the Bank of Ireland recently announced that they have begun recruiting to fill 130 technology positions whose mission will be to deliver on an “ambitious digital agenda.” Part of that digital agenda is likely to include support for the bank’s securities trading activities even… Read More >>
ABN Amro Embraces New Reporting Architecture
Dutch banking giant ABN Amro is embarking upon a major transformation of its finance, risk and regulatory reporting operations via the Finance and Risk Architecture Alignment Initiative (FRAAI), and it’s reaching out to vendors Wolters Kluwer and SAS to be part of the project. Prior to FRAAI, the bank used a variety of undisclosed technology… Read More >>
DTCC Taps Barclays for Deriv/SERV Post
DTCC Appoints MD for DTCC Deriv/SERV The DTCC, post-trade market infrastructure services provider, reports that Valentino (Val) Wotton has been appointed managing director for the DTCC’s Deriv/SERV business unit, effective August 29, 2017. Wotton will be “responsible for product development and strategy,” and will report to Chris Childs, president and CEO of DTCC Deriv/SERV. Prior… Read More >>
Deutsche Bank’s NYC Lab to Explore AI & Cybersecurity
Deutsche Bank officials have opened an innovation lab in New York City that they say is their fourth globally, and will be focused on several IT areas including artificial intelligence (AI), cloud technology and cybersecurity. The lab is located in Lower Manhattan’s Fulton Center and will enable the bank to “access a leading innovation ecosystem… Read More >>
CIBC to Deploy Reporting Hub from Wolters Kluwer
CIBC to Expand Use of OneSumX Canadian financial institution CIBC will be using financial technology vendor Wolters Kluwer’s OneSumX regulatory reporting software for its efforts in the U.K. and Asia Pacific region, vendor officials say. The OneSumX offering provides solutions and services to “manage the intersection of governance, finance, risk and compliance, increasing organizational profitability,… Read More >>
Numerix Targets Basel III Capital Calculations
Numerix Expands Oneview Risk Application Numerix, a vendor of cross-asset analytics for derivatives valuations and risk management, has just released a solution that is an expansion of its Oneview Risk application to help banks comply with the Basel Committee’s regulatory requirement for Counterparty Credit Risk (SA-CCR) Capital in time for the January 2017 implementation deadline,… Read More >>
JPMorgan Asset Management Fills Top EMEA Post
JPMorgan Names EMEA Head of Portfolio Management J.P. Morgan Asset Management has appointed Anthony Simpson as EMEA head of client portfolio management (CPM) for multi asset solutions, which “manages $180 billion of multi asset class portfolios for institutions, intermediaries and individuals globally,” J.P. Morgan says in a statement. Simpson, who is based in London, reports… Read More >>
