As capital markets firms continue their digitization drive and look to the cloud for increasingly large swaths of their technology and data needs, they also inadvertently expose themselves to a range of operational risks.
The London-based consultancy is looking to engage firms and exchanges on its Aeron messaging technology, which it acquired earlier this year.
Better data visibility across multiple systems could provide a driver for technological change in the world of post-trade.
BNY’s Eric Hirschhorn says processes—not just the data itself—need to be examined, and points to a data-centric approach.
Some industry participants are worried that proposed amendments to Regulation ATS could see the trading perimeter expanded to include a wide array of messaging systems.
The vendor is also using Microsoft Azure and is rolling out a new Ibor product in the cloud.
The US markets regulator has extended the comment deadline on a proposal to regulate Treasuries venues after it faced a storm of complaints from the public and financial industry.
As firms make progress on cloud adoption, they are discovering that multi-cloud strategies for individual businesses can not only duplicate costs, but can also inadvertently downgrade a firm's resiliency.
After years of initial resistance, the capital markets have come to depend heavily on the compute capacity of the public cloud. But increasing market volumes are rapidly outpacing the cloud capacity that organizations thought would be sufficient for…
In the past two years, Moody’s Analytics has acquired four vendors that the ratings specialist hopes to integrate for ESG offerings in a crowded market.
A summary of some of the past week’s financial technology news.
Vendors don’t release new products or updates without putting their software through rigorous testing. What does that testing involve, and what different approaches do companies employ? Max Bowie finds out.
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.
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”.
The company is considering a full move to virtual-working solutions after investing in remote access for brokers and other staff during the Covid-19 pandemic..
Covid-enforced remote working creates new threats and vulnerabilities for bad actors to exploit, say cyber experts
Software testing and monitoring keeps market infrastructure a step ahead amid market volatility.
The Swiss bank’s A3 system offers a blueprint for remote working as the industry looks to life beyond coronavirus.
The regulator is consulting on outsourcing contract guidance that would give firms and supervisors access to the books and premises of providers.
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
Consultation on new rules is set to close on April 3, but regulators are reviewing deadlines as firms are under pressure due to the coronavirus.
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.
The firm sees benefits of making data available on the platform, which already hosts risk and P&L functions, as well as settlement and reporting applications.
These specialists are touting services for monitoring third parties amid tougher rules on outsourcing risk.