This Week: Finos, Northern Trust, DTCC, and more

A summary of some of the past week's financial technology news.


Finos brings on 6 new members led by BMO            

The Fintech Open Source Foundation (Finos) has increased its membership to 55. BMO Financial Group has joined as a platinum member with Kim Prado, US CIO of BMO Capital Markets, re-joining the organization’s governing board. WhiteSource has joined as a gold member; Synechron as a silver member; and EDM Council (EDMC), International Securities Lending Association (ISLA), and the Mojaloop Foundation as associate members.

Finos will focus on

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Brown Brothers Harriman unifies busy suite of AI products

It’s a new world, contend BBH’s Kevin Welch and Josh Fine. After a few years of experimentation that yielded several AI products for the bank and its clients, it was time to put the puzzle pieces together to serve a different way of working post-Covid.

Bank-backed Versana takes aim at syndicated loan tech

Born from a consortium that includes JP Morgan and Bank of America, Versana aims to bring up-to-date and permissioned data to the syndicated loan market—the first step to a more transparent and faster operating market.

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