(Editor’s note: This past October, the Securities and Exchange Commission adopted Rule 10c-1a in an effort to increase the “transparency and efficiency of the securities lending market,” according to the SEC. The new rule required the reporting of “specified information about securities loans to a registered national securities association (RNSA)” by 2026. The new rule… Read More >>
Corlytics Buys RegTech Platform from Deloitte U.K.
Corlytics hopes to bolster its industry standing as a regulatory compliance provider via the acquisition of a digital, regulatory technology platform and associated staff members from Deloitte U.K. The Deloitte U.K. news follows the announcement last month that private equity firm Verdane made a majority stake investment in Corlyitcs, a transaction managed by investment bank… Read More >>
Why Manual Sanctions Screening Misses the Mark
(Too many compliance teams at financial services firms rely on spreadsheets and manual processes or internally developed systems to sift through securities data to find sanction risks. But these systems can miss the mark in monitoring and tracking exposures across entities, say officials at Innovative Systems, Inc., the maker of the FinScan offerings for anti-money… Read More >>
RIAs & ERAs Face New Regulatory Obligations
Registered investment advisers (RIAs) and exempt reporting advisers (ERAs) may have to develop customer identification programs (CIPs) to prevent “illicit finance activity” involving their customers because of a joint effort by the Securities and Exchange Commission (SEC) and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The SEC and FinCEN on May… Read More >>
Cornerstone FTM Goes Live With High-Velocity Platform
Hedge fund Cornerstone FTM has gone live with “a cutting-edge” investment platform that leverages the portfolio support, custody, and fund administration services of Northern Trust and the infrastructure and data management offerings of Equity Data Science (EDS), a business partner of Northern Trust. The collaboration between Northern Trust and EDS, which provides the real-time quantitative… Read More >>
Franklin Templeton & Microsoft to Develop A.I. Platform
Asset manager Franklin Templeton and Microsoft are collaborating to develop a platform for financial services that uses artificial intelligence (A.I.) technology to initially improve the productivity of the firm’s sales and marketing teams and to foster personalized services for clients. The new A.I. platform to come will use Microsoft Azure A.I. services such as Azure… Read More >>
Performance Teams Are at a Crossroads
Advances in technology and workflow management appear to be changing forever the work of performance measurement teams and how they accomplish it, according to a new white paper “In the Thick of It: How Performance Teams are Driving Value Across the Organization,” from FactSet. For instance, nine out 10 respondents to the survey — upon… Read More >>
Finastra Taps OpenFin to Bolster Kondor
Finastra, a financial software applications and marketplaces provider, is collaborating with OpenFin to improve the user experience of Finastra Kondor, a well-established bank treasury management system, officials say. The OpenFin technology is intended to strengthen Kondor “with enhanced workspaces and workflows to drive greater efficiencies and streamline the decision-making process for banks,” according to the… Read More >>
T+1 Self-Affirmation Rates Below Expectations
The DTCC is urging investment managers and custodians to collaborate on technology and automation solutions after its latest statistics on the industry’s affirmation progress revealed a disparity in affirmation rates between those using manual processes and those utilizing centralized matching tools. With the implementation of a T+1 settlement cycle in the U.S. less than a… Read More >>
Droit & Finbourne Want Regulatory Clarity for Position Reporting
(Editor’s note: Droit Financial Technologies, a provider of pre-and post-trade offerings including a client readiness offering and trade and transaction reporting such as point of trade and position reporting, is collaborating with Finbourne Technology, a provider of cloud-based investment data management software. Together they are delivering a solution that combines regulatory interpretations, regulatory clarity, and… Read More >>
