FTF News also reports upon the FinTech news from SGX and Smartkarma, IHS Markit and a new customer, and NRI.
Goswell to Be Honored on March 19
Steve Goswell, former ISITC chair
ISITC is honoring industry veteran Steve Goswell, currently vice president of Bank of the West, with the ISITC Standard of Excellence Award at the industry standards group’s 24th Annual Securities Operations Summit in Boston next week.
Goswell, who will receive his award on Monday, March 19, was picked because of “his continued commitment and work for the organization he helped advance,” according to the International Securities Association for Institutional Trade Communication (ISITC), where he is a member and has served as chair and board member.
The Standard of Excellence Award “recognizes individuals who have both made a significant contribution to the industry and rendered exceptional service to ISITC, which is supported through the voluntary services of industry professionals,” officials say.
During Goswell’s time as ISITC chair from 2006-2007, the term of that post was lengthened from one year to two to provide “stability and continuity,” and to enable the chair to “take a more strategic approach to managing the association and shaping ISITC’s leadership role in the world of financial industry standards,” according to ISITC.
Goswell was also instrumental in getting ISITC into the Standards Coordination Group (SCG), “which is made up of ISITC, FIX, FpML, SWIFT, FISD, and XBRL,” officials say.
The SCG focuses on an investment roadmap that “defined a common underlying financial model and interoperability of messaging standards while committing to the ISO 20022 business model,” officials add.
Beyond serving as ISITC chair, Goswell has been an active via ISITC since 1998 and was a board member from 2002-2014, officials say.
“ISITC has become a leading voice of the U.S. securities industry at the global standards table, and Steve was an integral part of that,” says Erica Borghi, ISITC chair and vice president at Brown Brothers Harriman & Co., in a prepared statement.
SGX & Smartkarma Unveil C-Suite Pilot
The Singapore Exchange (SGX) and Smartkarma, a privately held, Singapore-headquartered fintech firm founded in 2014, have unveiled a partnership to roll out a C-Suite pilot program, which they characterize as a cloud-based platform that will enable SGX-listed companies to “streamline their communication and data reporting to the institutional, analyst and investor communities.”
Listed companies will be able to communicate with analysts and investors, monitor sentiment, compare industry performance, and benchmark against peers, the partners say in a statement.
In recent years, the Singapore Exchange says, it has begun distributing “thematic sector research reports and CEO profile interview articles” about SGX-listed companies.
Partners Group Picks IHS Markit’s thinkFolio
Partners Group, a private-markets investment manager founded in 1996 and based in Zug, Switzerland, has picked IHS Markit’s thinkFolio as its cross-asset order management and portfolio-modeling system, IHS Markit says in a statement, which also notes that the platform will be “delivered as a managed service with IHS Markit hosting the thinkFolio software in the cloud, managing upgrades and real-time feeds, and executing overnight data loads and start-of-day processes.”
Partners Group will use thinkFolio for “portfolio modeling, compliance and automation of the trading and trade approval processes,” according to the statement. “The firm also intends to use the cash and foreign exchange management functionality in thinkFolio to automate its treasury activity.”
NRI’s ‘Look-through Highway’ for Banks & Asset Managers
Nomura Research Institute, Ltd. (NRI), a provider of consulting services and system solutions, has unveiled the “Look-through Highway,” a new service for asset managers and banks.
The service will reduce the “operational burden related to Basel III compliance for financial institutions,” NRI says, adding that 13 asset managers, as well as 10 banks in Japan, will begin using the service on April 1, 2018.
NRI now “calculates and provides banks with risk sensitivity ratings based on account balance data,” according to the statement. “As a result, banks can see the full risk landscape of the funds they own, which is a requirement for regulatory reporting.”
“NRI is always monitoring the capital markets ecosystem looking for areas of inefficiency that we can use our deep expertise to address on behalf of our customers and partners,” Katsuhiko Fujita, senior managing director of NRI, says in the statement.
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