A summary of the latest financial technology news.
Now that cloud has become widely adopted by financial firms, Big Tech companies are seeking to leverage their other services to become more ingrained in the workflows of the capital markets.
To show how ML and NLP are spreading across the industry, WatersTechnology highlights 20 stories from the last 12 months that feature unique uses of AI.
The tech giant believes its AI tools have a multitude of applications across some of the complex data challenges of financial markets, and it’s starting with the manual and complicated world of corporate actions. Some believe it will be an uphill battle.
A summary of the week's financial technology news.
Since launching DataCare in April 2020, the vendor has signed up eight clients, including Zurich Group Investment Management.
Project led by Societe Generale that uses privacy-enhancing technologies to solve data management issues hopes to sign up five banks and launch as a legal entity.
If the prototype is put into production, delivery of corporate actions data for dividends could be reduced from up to 24 hours to 15 to 30 minutes.
The exchange group has completed the multi-year program aimed at standardizing data capture and message delivery using the ISO format.
A new tool that helps business users test and validate their own POCs is set to join the bank’s ranks alongside its other AI projects implemented over the last two years: Linc, Guardrail, and Ants.
Best Corporate Actions Data Provider—SIX
The partnership between the two major players in the buy-side technology space reflects the shift in how rivals do business.
Anthony provides some of his initial questions and thoughts following the S&P-IHS Markit deal. He also takes a second look at AML technology after getting some sage feedback.
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.
Officials remain silent on the closure, which has been in the works since last year, sources say.
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.
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.
After two cloud-native product successes, the vendor plans to migrate all its software to cloud native to optimize the benefits of running in the cloud for clients.
This year's inductee to the Inside Market Data Hall of Fame is Mike Meriton, co-founder and COO of the EDM Council.
This survey report illustrates how data quality and technology are the keys to delivering improved corporate actions accuracy and transparency, while also significantly reducing latency
This webinar investigates the challenges and opportunities facing capital markets firms when it comes to their corporate actions strategies. Industry experts discuss the technologies they are implementing to automate what is historically a manually…
Quants searching for ESG signals have reached very different conclusions. Mostly they blame the data.
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
The post-trade firm and custodian will launch new data services for fixed income liquidity and APIs for its reference data offerings.