Having announced its withdrawal from the portfolio management business (IMT, Feb. 21), Boston-based Financial Management Systems Inc. has recommended three alternative vendors to its clients. It's now up to customers to decide whether to act in concert or individually in their search for replacements to FMS's Datavestor system.
"I think it's not unreasonable that [FMS's clients] could be an attractive package to a vendor," says Jim Barker, FMS president. "I think there might be some leverage
IBM makes headway with blockchain and encryption services; the FCA's Stephen Hanks says firms need to make decisions about their ARMs and APA providers soon.Subscribe to Weekly Wrap emails