Capital markets firms will increase their IT spending on client life cycle management offerings over the coming years, causing the market to grow by approximately 41 percent from 2019 to 2022, according to a new report from market research firm Aite Group. The Aite Group’s estimates on IT spending for client management wares encompasses software… Read More >>
More Asset Managers Will Offer ETFs: Q&A
(FTF News recently got time with Spencer Mindlin, an Aite Group analyst who focuses on capital markets, including exchange-traded funds (ETFs). For the Q&A, Mindlin tackles market structure and related issues. At the Performance Measurement Americas event, March 11-12 in New York, Mindlin will take part in the panel, “The New Burdens of ETFs.”) Q:… Read More >>
NICE Actimize Launches AI-based Financial Crime Fighting Platform
NICE Actimize is launching the ACTone Investigation Manager, an artificial intelligence-based, financial crime-fighting system that aims to be a single, consolidated platform serving financial services organizations (FSOs), officials say. Vendor officials add that the new offering will help financial services firms to “deploy an intelligent virtual workforce (or robots) for collaboration with human investigators and… Read More >>
Buy Side Using Manual Systems for Regulatory Compliance: Survey
Despite nearly a decade of intense regulatory reforms, many financial services firms appear to have a “high level of dependence on manual processes” for regulatory compliance, according to a new survey from market research and advisory firm Aite Group and governance, risk and compliance services provider Cordium. This reliance makes securities firms more vulnerable to… Read More >>
Fines, Regs Push Firms Toward Legal Entity Data
Post-crisis regulatory reforms are putting immense pressure on financial services firms to overhaul their ability to manage client and legal entity data, an area most firms had been content to ignore until recently, according to a new white paper. Conducted by market research firm Aite Group and commissioned by the DTCC, the paper outlines the… Read More >>
Aite: Is Big Data Jargon or Strategy?
“Big Data in Capital Markets: The Placebo Effect?” a new report from market research from Aite Group, examines whether the move to adopt Big Data methods and strategies in financial services is, as the report asks, “jargon or strategy?” Big Data consists of very large volumes of structured and unstructured information that when reviewed can… Read More >>
Northern Trust Deploys Asset Arena Control Center
Northern Trust has added financial technology provider SunGard’s Asset Arena Control Center (AACC) to the portfolio of products used by the custodian bank for automating back-office processes, according to a statement. AACC will “help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase… Read More >>
JPMorgan Targets ‘Too Big To Fail’ CCPs
Do central counterparty clearing houses (CCPs) take seriously enough the suggestion — made by many analysts and market participants — that they might become “too big to fail?” That question has hung in the air for years now, ever since post-crisis regulatory reforms assigned CCPs a key role in derivatives markets. Attempts to provide an… Read More >>
Is the Fed Too Cozy with the Big Banks?
The secret recordings of Carmen Segarra, a former Federal Reserve bank examiner stationed at Goldman Sachs, have caused a quite stir since they were aired last week in a segment on the popular podcast “This American Life.” The tapes not only allege wrongdoings at Goldman, but also instances of the Fed, the firm’s primary supervisor, handling the… Read More >>
Aite: Outsourcing Coming for Debt Trading Ops
Regional U.S. banks and broker-dealers are finding today’s debt capital markets (DCM) to be “an exercise in high cost and low return,” leading many to consider outsourcing and other cost-saving measures, according to a new report by market research firm Aite Group. In the Aite report, “U.S. Capital Markets Debt Trading: A State of Disparity,”… Read More >>
