Desjardins Group, a major Canadian cooperative financial group, has decided to move to a new investment fund accounting platform hosted on private cloud that will help the firm with new instrument types and workflows all in a bid to improve the efficiency of Desjardins’ fund accounting department. The platform and cloud support will be from… Read More >>
Renaissance Investment Management Moves to the Cloud
Renaissance Investment Management, a registered investment advisor with $4.4 billion in assets under management has successfully moved to the cloud in a bid to improve its business continuity and disaster recovery (BC/DR) capabilities, improve application rollouts, security and system performance. The firm’s move to the cloud represents a move from vendor Indata’s Intelligent Portfolio Management… Read More >>
Why the DTCC Is Using Amazon’s Cloud
Something interesting is underway as far as cloud computing and securities operations — the Amazon Web Services (AWS) offering has been quietly gaining ground after some initial resistance. I recall that the main concerns about using the AWS cloud revolved around compliance and security. But Amazon zeroed in on the compliance and security demands and… Read More >>
Smarsh, Symphony Partner to Ease Digital Compliance
Smarsh, a vendor of cloud-based archiving, and Symphony Communication Services, a chat and collaboration vendor, are joining forces to help their mutual clients archive, search and produce Symphony content to support the recordkeeping and electronic communication oversight requirements of regulators FINRA and the SEC. Symphony is an open source communications platform that features security support,… Read More >>
Collateral Management Ascends to the Cloud
A major provider of derivatives trading venues, CME Group and CloudMargin, a collateral management services provider, are offering CME Clearing and CME Clearing Europe clients a cloud-based option to facilitate collateral management. “This is a way to outsource the technology used to manage collateral,” says Karl Wyborn, managing director, global head of sales, CloudMargin, in… Read More >>
Misys Uploads Its Wares to the Cloud
Financial services and systems vendor Misys is moving its wares to the cloud and will be changing the way it charges for its offerings. The vendor has just launched Misys FinCloud, a cloud computing channel for the vendor’s major business lines, including retail banking, corporate banking, treasury and capital markets and investment management, says Alan… Read More >>
Q&A: How AML Services Got to the Cloud
It’s significant that cloud computing/software as a service (Saas) technology is now supporting the anti-money laundering (AML) wares of NICE Actimize. The industry has a new trust in cloud-based offerings, and that extends to AML, says Cenk Ipeker, head of the Actimize cloud unit at NICE. Ipeker oversees the offering of traditional products via the… Read More >>
CloudMargin Sharpens Collateral Optimization Capabilities
CloudMargin, a provider of web-based collateral and margin management services, reports that it has improved its collateral optimization capabilities to better serve the clearing needs of securities firms. The enhanced optimization combines CloudMargin’s capabilities to source inventory “on a client’s behalf direct from custodians via CloudMargin’s own SWIFT membership,” vendor officials say. Cloud-based collateral management… Read More >>
GreenKey and Symphony to Test App for Capturing Voice Quotes
Symphony to Integrate Greenkey App into Messaging Startup GreenKey, creator of “an extremely thin web application” for voice-based collaboration among financial services firms, is releasing a pilot version of a “voice quote capture” application. It will be available for enterprise clients of messaging vendor Symphony Communication Services for a pilot test, say officials from both… Read More >>
Hosting is a Serious Business: Fiserv
(Editor’s note: Many securities firms are embracing the hosted option be it a cloud-based offering, an application service provider (ASP) model or a “something-as-a-service” implementation. While much is made about the hands-off aspects of these hosted situations, operations staff members still have a lot of interactions with third-party suppliers. Tirdad Shojaie, senior vice president, product… Read More >>
