(Editor’s Note: Financial services firms that were sitting on the fence about cloud computing are changing their minds as they look to the post-pandemic world. So says Julian Trostinsky, vice president, strategy and solutions engineering at Duco Technology, which offers cloud-based, data and post-trade reconciliation systems. Trostinsky has more than two decades of experience helping… Read More >>
Northern Trust Launches Holistic Consulting for Op Risk
When the pandemic compelled Ops staffs to work remotely, it’s likely that many firms got new perspectives on the operational risks plaguing their front, middle, and back offices. Custodian and service provider Northern Trust is hoping that its new take on the matter — its bespoke Operational Risk Consulting service — will help firms bolster… Read More >>
Voting Has Begun for the FTF Awards!
It’s awards season for Hollywood and, by the way, for the securities operations industry as FTF has just unveiled the nominees for the 2021 FTF News Technology Innovation Awards. This is the 11th year for the FTF Awards, and our categories and honors have evolved along with the many shifts in financial markets and across… Read More >>
BNY Mellon & Google Cloud Take On Treasury Settlements
BNY Mellon to Apply Google Cloud Technologies The Bank of New York Mellon (BNY Mellon) will be using Google Cloud technologies to help U.S. Treasury market participants “better predict billions of dollars in daily settlement failures,” officials say. The combined effort is also intended to “generate significant capital and liquidity savings, and unlock operational efficiencies,”… Read More >>
Janus Henderson Moves to Cloud-Based Data Platform
Active asset manager Janus Henderson has begun an implementation of a global, cloud-based, investment data management platform that will eventually yield a consolidated, unified data store. The new cloud-based platform from BNY Mellon, a custodian bank and service provider, is intended help clients centralize and better manage complex investment assets, officials say. A cloud-based solution… Read More >>
‘HUB’ Launched to Overhaul Asset Management Ops
Pimco, State Street, Man Group & Others Back HUB A new technology and services provider, dubbed HUB, is being launched by investment manager Pimco, U.K. firm Man Group, custodian State Street, vendors IHS Markit and Microsoft, and consultancy McKinsey & Co. in an effort to offer a cloud-based platform “built by asset managers for… Read More >>
Innovation Will Thrive in 2021: Greenwich Associates
As we are seeing this week via domestic and international events, it is very difficult to make any predictions for 2021 let alone name the trends for the market structure facilitating securities trading and operations. However, market research firm Greenwich Associates in a new report, “Top Market Structure Trends for 2021,” authored by industry analysts… Read More >>
FTF’s SecOps Online Takes Off!
The pandemic-induced lockdown has challenged all of us to alter our plans and create new ways of doing business. For FTF, we are evolving and inventing new ways to serve and grow our network of securities professionals that we have developed over the past 14 years. The good news is that we are trying something… Read More >>
Nasdaq & Caspian Take On Automated AML Investigations
Nasdaq Sytem Targets Gap in AML Inquiries Nasdaq just launched a “cloud-deployed” anti-money laundering (AML) system, the Nasdaq Automated Investigator for AML, that is intended to help financial services firms use IT to detect evidence of money laundering. The new system has been designed in partnership with Caspian, a company based in Newcastle upon Tyne,… Read More >>
Citi, JPMorgan & State Street Invest $11M in Capitolis
Capitolis to Speed Up Product Development Citi, JPMorgan, and State Street have invested a total of $11 million in fintech startup Capitolis, whose proprietary technology platform helps trading firms streamline their trading-position strategies. A spokesperson for Capitolis confirms media reports that the funding from the trio is $11 million in total. The spokesperson declines to… Read More >>
