Waters/News
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.
Northern Trust Turns to DLT for the Future
Distributed-ledger technology will help ensure asset safety and allow custodians to provide more value to clients using AI and analytics.
IHS Markit Adds Tool to SFTR Platform to Catch Missing LEIs
The data provider's SFTR offering provides opt-in features to minimize LEI-related errors in collateral messages.
Wells Fargo’s Head of Quant Strategy Explains HPR Deployment
Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.
This Week: RepRisk/JP Morgan; TP Icap; Moody’s/MioTech; FTSE Russell; SimCorp & More
A summary of some of the past week’s financial technology news.
Ion-Broadway Merger Approved with Strings Attached
Broadway chief executive Tyler Moeller leads a consortium to buy the divested fixed-income business.
Banks Explore Graph Technology to Tackle Data Complexity for Compliance
Although graph technology is still in the early stages of adoption, banks such as Wells Fargo and ING have begun leveraging it to find previously unknown connections between datasets.
Crux Extends Google Cloud Partnership with Data Catalog Integration
After partnering with GCP last year, the data delivery vendor is working on its most in-depth integration thus far.
New DTCC Consulting Unit Embarks on First Project
The market infrastructure firm founded a new advisory service last month, which has begun its first client engagement to evaluate regulatory reporting.
People Moves: BNY Mellon, big xyt, Temenos, SEC, Gresham, First Derivatives
A look at some of the key "people moves" from this week, including Fangfang Chen as (pictured), who has been appointed Asia Pacific chair and Asia Pacific head of asset servicing and digital at BNY Mellon.
This Week: BBVA/AWS, Bloomberg/Lombard Odier, TP Icap, Credit Suisse/Torstone, Endicott
A summary of some of the past week's financial technology news.
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.
TickSmith, Alqami Ally to Help Alt Data Sources Structure, Sell Data
Alqami will advise wannabe alternative data vendors on the value of their content, while TickSmith will provide the technology platform for them to sell it to potential clients.
People Moves: DTCC, Evaluate, Capitolis, Facteus, HazelTree
A look at some of the key "people moves" from this week, including Bob Stewart (pictured) who has been appointed executive director of ITP product management.
RavenPack Adopts 'NLP-as-a-Service' Model with Focus on Firms' Internal Data
The news sentiment and analysis specialist wants to help banks tap into the datasets they sit on every day, but don't yet possess the capabilities to use.
Asset Managers Fear ESG Data Disclosure Gap
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.
Rimes Acquires RegTech Vendor EBR Analytics
Rimes Technologies is integrating EBR into its RegFocus BMR platform, its solution for compliance with the Benchmarks Regulation.
Nasdaq, HKEx: Blockchain’s Disruptive Potential Overstated
Distributed ledger technology won’t replace existing exchange infrastructure despite potential for smaller use cases, say CEOs.
S4 Launches Market Data Recruitment Unit
S4 executives say their years of experience can help them identify and recruit the people and skillsets that firms may not initially realize they need.
This Week: Tora, AcadiaSoft, Itiviti, Citi, Finastra, SEI & More
A summary of some of the past week’s financial technology news.
Investment Firms Turn to Alt Data as Historical Models Fail
Researchers say companies are exploring new datasets to plug gaps in analysis since the Covid-19 outbreak.
Refinitiv’s API Rebrand Rankles Users
Because of its acquisition and subsequent rebrand, Refinitiv is being forced to change instances of its old branding that remain embedded in many of its APIs. This might sound like a simple change, but end-users are worried that it could be a costly fix.
Goldman Sachs Takes Aim at Interoperability, Analytics with Marquee Enhancements
The bank’s recent moves signal what could become a managed services offering, as Goldman further embraces cloud, open source, and APIs.
Broadridge Onboards Clients to Corporate Bonds Platform Set to Launch Next Year
The vendor's LTX platform leverages a neural network to navigate the complexity of the corporate bond market, and is expected to launch in the first quarter of 2021.