Back office
The embrace of buy-side interoperability: State Street, SimCorp team up
The partnership between the two major players in the buy-side technology space reflects the shift in how rivals do business.
This Week: Janus/SS&C; Wolters Kluwer; Tora/Neptune; Standard Chartered/Northern Trust; SimCorp; & More
A summary of some of the past week's financial technology news.
New Research Grapples with Corporate Actions
Veteran analyst Virginie O’Shea’s new business turns its attention to the ‘soul-destroying’ realm of corporate actions, which is weighed down by inefficiencies, manual processes, and lack of standards.
Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance)
Anthony explores some of the questions raised by Refinitiv's plan to move away from Eikon and Thomson One. He also looks at data governance trends, and asks why the FIGI is having such a tough time gaining acceptance.
SocGen Builds Serverless-Code Environment, Explores Virtualized Computing
The Paris-based bank has developed a coding environment to help democratize tech development, and is exploring virtualization.
RFA Taps AI for Managed Data Services Platform
Cloud data platform includes fully managed warehousing, ingestion, and analytics, with AI-enabled security functions.
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.
BoE's Post-Trade Reform Efforts Will Need Full Industry Cooperation
The central bank's report on the future of post trade will face the same competitive interests that have hindered previous attempts at eliminating inefficiencies and bringing automation to the back office.
This Week: Northern Trust/BackRock, Nasdaq, IHS Markit/OpenGamma, MEMX, and More
A summary of some of the past week’s financial technology news.
Torstone to Integrate Risk Calculations into Inferno
The vendor will add trading position flow and risk calculations to the platform this year, as it continues to integrate functions from recent acquisition Percentile.
How Sarson Strover’s Outsourcing Policy Averted Virus Disruption
The newly fledged UK hedge fund has outsourced its portfolio management tech and operations to third parties, a move that has helped it through the coronavirus pandemic.
People Moves: FTSE Russell, UKGI, Clearwater, Cloud9, LDX
A look at some of the key People Moves from this week.
FIS Acquires Virtus to Expand Managed Services in Credit Space
FIS is looking to integrate Virtus technology platforms into its back-office solutions.
Introducing AI to the Back Office—Does the Tech Measure Up to the Hype?
Throughout 2019, artificial intelligence (AI) has been one of the most predominant buzzwords in the financial technology space. AI has promised enhanced accuracy and improved efficiencies, allowing staff to focus on higher-value tasks—it truly has the…
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.
The API Economy’s Existential Crisis
Has the so-called ‘API economy’ been over-hyped, or is there value in recalibrating an open API strategy? WatersTechnology examines.
Confluence & StatPro: A Sign of the Buy-Side Times
Confluence has a big job ahead integrating StatPro’s various analytics tools.
Confluence Buys StatPro
For £161.1 million, Confluence has purchased StatPro. Both companies stand to gain more global clients, and users can expect new products meant to alleviate pain points felt by the buy side.
SimCorp to Allow Buy-Side Clients Plug-and-Play Access to Start-Ups
The Danish vendor is looking to partner with fintechs to allow for buy-side firms to benefit from minimal integrations and to reduce contractual barriers.
Battle Bots: Charting AI’s Next Phase in the Back Office
Financial services firms are deeply entranced with artificial intelligence (AI), yet the revolution is under pressure as the industry continues to become more educated and selective about it. Recent research data from WatersTechnology and SmartStream…