Operations
This Week: Fidelity Digital Asset, State Street, HSBC, Instinet, INTL FCStone, Quantopian
A summary of some of the past week’s financial technology news.
US Treasury Bureau: Cyber Insurance Premiums Rising
Cybersecurity insurance is getting more expensive as insurance underwriters grapple with a lack of data on this ever-evolving coverage area.
Ahead of Test, CAT Faces Hurdles with Reporter Agreement
Sources say broker-dealers have not yet signed an agreement allowing them access to the test environment.
People Moves: Refinitiv, State Street, DTCC, Liquidnet & More
A look at some the key "people moves" from last week, including Mike Hill (pictured), who joins Compliance.ai.
Vendor Lock-In Creates Barriers to Digital Transformation Efforts
Voya Financial and Blackstone execs discuss the role that fintechs play in firms' digital transformations, and caution them not to rely so heavily on vendors.
This Week: Digital Asset, BNY Mellon-SimCorp, AccessFintech & More
A summary of some of the past week’s financial technology news
Wells Fargo Exec: Banks Struggle To Feed Hungry AI
Vast amounts of data and processing could hinder exploitation of emerging tech, says Ravi Radhakrishnan as it partners with MIT-IBM Research lab.
Horizon Software Adds Market-Making, Hedging Algos to Library
Clients can use the algos from the libraries to connect to their existing algos and strategies.
Brown Brothers Harriman Automates NAV Reviews with Machine Learning
The bank is looking to automation in the middle and back offices as it seeks to exploit emerging technologies.
OKEx Expands Crypto Derivatives Offering
The Malta-headquartered digital asset exchange has upgraded its trading architecture, with an eye on futures and options trading features.
People Moves: Apteo, Eka, Tier-1, SEC, CGQ, MEMX
A look at some of the key people moves from the last week, including James Uzzalino, who joins Apteo.
BNY Mellon Takes a New Tack to Digital Transformation
The custodian is trying to make digitization core to all the organization's activities, its innovation head says.
RBC Capital Markets Seeks Analytics Vendors
The investment bank is looking to partner with companies like Pyramid Analytics for better insight.
Turicode Targets Financial Markets in Asia
The vendor's software allows firms to train machine-learning models to better recognize and extract the data in documents.
Regulation by Enforcement: A Worrying Trend
Jo Wright says two recent cases have left industry participants worried that regulators are ruling by enforcement.
UBS Cuts Outsourced Tech Jobs
The investment bank has eliminated thousands of roles and revamped its approach to outsourcing over the last two years.
This Week: Goldman/Finos; JP Morgan/Baton; Caixa AM; IHS Markit
Catch up on some of the past week's financial technology news.
People Moves: Finastra, Luminex, Itarle, West Highland & More
A look at some of the key "people moves" over the last week, including Lisa Fiondella (pictured), who joins Finastra.
LSEG Building New Algo-Testing Tool
The exchange group is developing new regtech products while looking to move these offerings to the cloud in 2020.
Fundament Expanding Tokenized German Real Estate Offering
For it's real estate token, 90% of investment is coming from institutional firms.
Due North: Inside TMX Group's Bold Data Audit Overhaul
Toronto's TMX Group is looking to revolutionize the way that it conducts data audits with users. While the early feedback is positive, will others follow suit?
People Moves: Refinitiv, Qontigo, GAM, OSTC, Outset Global
A look at some of the key "people moves" this week, including Stephan Flagel (pictured), who joins Qontigo.
AFME Calls for pan-European Crypto Asset Taxonomy
The industry body has urged EU lawmakers and stakeholders to become leaders in delivering a common regulatory framework for digital assets.
UBS Taps Machine Learning for KYC
The bank is rolling out a project using machine learning and natural-language processing for KYC and AML activities.