Cloud overspending and overprovisioning is a pervasive problem as cloud usage is poised to grow in 2022.
The exchange is partnering with DataBP to offer an online portal that includes customer-facing tools and back-office automation.
Similar to its competitors, BMO wants the future development of financial services tools to be cloud-native. The bank expects 30% of workflows to be moved to the cloud within three years.
Modernization will help numbering agency data hub adapt to new technologies and improve data quality post-Isin review.
Northern Trust has invested in three firms this year, which now sit in its investment data science division as part of its Whole Office strategy.
Some fund admins prefer to build ESG products in-house, while others, notably Northern Trust, consider it ‘inefficient’ from a cost and time perspective.
A look at some of the key "people moves" from this week, including Vishal Saxena (pictured), who joins Canoe Intelligence as chief technology officer.
The platform operator plans to extend its all-to-all corporate bond trading expertise to the loan market, which lags other fixed-income instruments in both tech adoption and the level of transparency.
The market infrastructure provider has rolled out its blockchain-based repo transaction platform with plans to further build on the emerging technology.
A summary of some of the past week's financial technology news.