Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
UBS AM’s Bryan Cross says the goal of embedding AI in the investment process has failed because the aim has been misguided.
A summary of some of the past week’s financial technology news.
Officials remain silent on the closure, which has been in the works since last year, sources say.
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
The latest consultation on the market data obligations under Mifid II looks to provide better, cheaper, and more uniform access to market data. But will it be enough to standardize policies?
The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.
Already well established as an alpha-enhancing input to equities trading, sentiment data is now being applied to other asset classes, starting with foreign exchange.
Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.
In 2016, Anthony wrote that the blockchain revolution was overhyped—unsurprisingly, his opinions have not changed. He also delves into the Ion-Broadway deal, and looks at new consulting/advisory firms that have recently come to market.
The solutions are designed to allow firms to query data and build models more effectively without breaching global privacy rules.
Although graph technology is still in the early stages of adoption, banks such as Wells Fargo and ING have begun leveraging it to find previously unknown connections between datasets.
After partnering with GCP last year, the data delivery vendor is working on its most in-depth integration thus far.
Right now, details are scarce for the project, but Jo says that even if the initiative fails to get off the ground, it marks a big step in the bloc’s effort to achieve digital sovereignty.
Anthony takes a look at some new alternative data offerings coming to market, and also explains why there’s so little election coverage on this website.
There are efforts underway to ease the burden of dealing with data notifications, but Max finds that between growing pains and automation adulthood, these notices are going through an awkward adolescence.
As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.
Alqami will advise wannabe alternative data vendors on the value of their content, while TickSmith will provide the technology platform for them to sell it to potential clients.
With data notifications growing in volume and complexity, firms are finding it harder to keep track of these changes. Some vendors are looking to help.
The news sentiment and analysis specialist wants to help banks tap into the datasets they sit on every day, but don't yet possess the capabilities to use.
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.
Rimes Technologies is integrating EBR into its RegFocus BMR platform, its solution for compliance with the Benchmarks Regulation.
S4 executives say their years of experience can help them identify and recruit the people and skillsets that firms may not initially realize they need.
Anthony explores changing concept of a trading platform, and what that might mean for the future of tech development.