McKinsey & Company
RBC outlines hybrid cloud strategy, eyes genAI use cases
Technological innovation doesn’t always reap promised rewards. RBC’s head of cloud engineering talks about why the Canadian bank’s hybrid cloud strategy worked, and how it is approaching generative AI.
People Moves: Calastone, Securitize, Esma, State Street and more
A look at some of the key people moves from this week, including Ahsan Raza (pictured), who has joined Calastone as chief financial officer.
UBS AM builds model for quantifying greening of heavy industry
The asset manager's quant research arm, QED, has published a framework for valuing companies in industries like cement or steel that transition to more sustainable tech.
Data is boring, right? A look at some innovative market data projects underway
While market data departments are rarely highlighted when it comes to innovation, Max says that doesn’t mean there aren’t disruptive tech projects underway.
This Week: Pimco/Man Group, Microsoft & Others, Cboe, Trumid/Goldman Sachs, Fenergo, & More
A look at some of the past week’s financial technology news.
The Retraining Conundrum: How Best to Transform a Workforce?
Professor Jay Finkelman says that the most successful firms take a three-pronged approach to workplace transformation.
LEI on the Edge: What Needs to Happen for Wider Adoption?
The financial industry is losing faith in the LEI initiative as regulatory mandates remain patchy, but some see hope in SFTR’s unique-issuer LEI. By Mariella Reason
People Moves: Finra CAT Fills CTO and CISO Positions
Also, a look at new hires for IHS Markit, UBS, TickSmith, BitGo and Amber Group.
DBS Bank Grows its Team of Data Translators
The bank is looking to pair this relatively new role with its data scientists as a bridge for business professionals.
Buy-Side Demand Builds for ESG Screening in Korea, Japan
HedgeSPA platform combines in-house and vendor ESG data for more comprehensive coverage of a larger target investment universe.
Firms Drag Heels on MiFID II Research Rulebook Rewrite
MiFID II’s ban on broker-subsidized free research will leave sell-side firms with a multitude of challenges—not least how to price research so as not to lose customers who might direct trading elsewhere, without appearing to incentivize clients to trade…
To Take Advantage of AI, a Multi-Faceted Approach is Necessary
Firms looking to capitalize on new cognitive technologies will have to learn how to combine AI, machine learning, RPA, NLP and various other tools to fully take advantage of this revolution.
Analytics, Research Needs Pushing M&A and Value of Infrastructure Providers
Rush Kapashi of McKinsey says we should expect further M&A in the space, specifically to bolster analytics and research needs.
Fitch Nabs Thomson Reuters' Tinaikar as President, Info Services
Tinaikar has spent a 25-year career in information and technology services, most recently as a managing director at Thomson Reuters.
Finding Strategic Value in BCBS 239
Principles-based regulation goes live for systemically important firms
Industry Divisions Stall Standards Progress
Members of FISD's BIPPS working group say participants are putting their own interests first, hampering progress.
Credit Suisse CEO Dougan to Step Down, Thiam to Take Over
Dougan, who served as CEO for eight years, will leave in June.
SIX Swiss Exchange Appoints Urs Widmer COO
SIX Swiss Exchange has appointed former AXA Winterthur CEO Urs Widmer as its COO.