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.
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.
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.
A look at some of the past week’s financial technology news.
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
The initiative's aim is to capture more of the exchange's internal data to commercialize that useful information for the investment community.
Anthony looks at what's become of NEX since the CME acquisition, as well as discussions over odd lot reform and S&P's Kensho implementation.
Waters Wrap: The Problem with Big Ideas (and Some Ramblings on Virtual Desktops & Tech's Blurred Lines)
Isda's CDM leaves banks questioning the way forward; the rise of virtual-desktop infrastructures; generic business intelligence tools become more popular.
Anthony Malakian examines how firms are racing to the cloud to roll out new market data services. He also looks at ChartIQ's name change, the regulatory reporting space, and Lazard's Covid-19 data rollout.
Banque de France-backed deal pips private consortiums in dummy run for digital currency trades.
While many firms have enforced hiring freezes during the pandemic, the regulatory reporting vendor has plans to aggressively grow its staff count.
A summary of some of the past week’s financial technology news.
With over five months to go until CME unwinds its regulatory reporting businesses, competing firms are pushing to fill the service gaps and grab a slice of the market share.
The custodian bank will receive and transmit European listed options and derivatives orders from buy-side clients.
Sources say the exchange group’s scaleback is a result of pricing wars, unsustainable business models, and the realities of commercially supporting a regulatory reporting business.
Sources say a pricing war and cost pressures are causing service providers to reconsider their regulatory reporting businesses.
To keep its asset servicing functions running smoothly, Northern Trust is using technology from performance management analysis software vendor Enlighten to identify available resources.
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
Hedge funds are using geolocation data to both spot signs of a pandemic recovery and to see its ripple-effect damages.
Some machine learning strategies have coped well, but others began to struggle as panic mounted.
A look at some of the key recent 'people moves', including Adam Honore (pictured) who joins Amazon Web Services from CME Group.
The fintech company, which provides recon, onboarding, compliance, risk, and data services, is also looking to expand its alternatives coverage in the US.
The exchange will consult on a new schedule in June, but industry testing of the platform is still on track for July.
The Aussie exchange is to begin industry-wide testing of its DLT settlement program.