Financial institutions
BlackRock looks to predictive ESG data, rather than point-in-time
Mary-Catherine Lader says that the asset manager is building out new modeling tools to help users better understand how the decisions a company makes today can affect their performance in the future.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
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.
EU Firms Seek Clarity on Tech Requirements for Incoming Cloud Guidelines
As Europe prepares for a new batch of outsourcing rules, some firms are looking for answers on how to test exit strategies and mitigate concentration risk.
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.
Solidatus Builds New ESG Model
The software company aims to help banks' and financial institutions achieve higher ESG ratings.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Numbering Agency Calls for Experts
The Derivatives Service Bureau is looking for new members on its technical advisory committee, after its designation as the UPI service provider.
Future of Operations Hinges on Tech Approach, Industry Collaboration
ISITC's Lisa Iagatta explains why the industry will need to come together to tackle new challenges facing the world of operations.
Finos Targets Retail Banking
The open-source nonprofit is looking to leverage its capital markets membership to expand its footprint.
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.
Banks Eye More Open Source in Light of Covid-19
Driven by common industry pain points and unforeseen complications, capital markets firms have begun using open-source technology more widely.
Esma Guidelines Call for Full Audits of Cloud Providers
The regulator is consulting on outsourcing contract guidance that would give firms and supervisors access to the books and premises of providers.
Banks Grapple with VPN Capacity Amid Covid-Induced Network Strain
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
Covid-19 Is Raising the ESG Stakes
Unlike in past financial crises, ESG is taking center stage as social and governance data is directly relevant to all companies weathering the coronavirus pandemic. That makes the holes in that data, which still remain, all the more apparent.
People Moves: FINRA, Tassat, Eventus Systems, Willis Re and Big XYT
A look at some of the key 'people moves' from this week including Greg Ruppert (pictured) who joins Finra as executive vice president.
People Moves: FTSE Russell, UKGI, Clearwater, Cloud9, LDX
A look at some of the key People Moves from this week.
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.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
California's New Privacy Rule Will Impact Financial Institutions
The CCPA came into force on Jan 1, and while it exempts some consumer data from its scope, firms that have business data on state residents will be pulled in.
Isda Wants Regulators to use its Model to Draft Rules
The trade association is looking to offer its Common Domain Model to rulemakers.
AI and Cloud Remove Barriers to Entry for Real-Time Intraday Liquidity
As increased regulatory reporting obligations add to the pressure financial institutions are under to manage intraday liquidity, centralizing siloed legacy systems into a single automated solution can offer an enterprise-wide, real-time view of liquidity…
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.
Dun & Bradstreet To Introduce Cyber Risk Solutions in 2020
In addition to expanding into cyber risk, the company plans to enhance its focus on ESG and ultimate beneficial ownership (UBO) data.