Investment operations solutions provider STP Investment Services has just unveiled STP LaunchAdvisor, a bundle of services — fund administration, investor services, regulatory filings, and core policies — targeting exempt reporting advisers and private fund managers. “The offering integrates fund administration and compliance into a single, cost-effective solution, eliminating the need for multiple service providers and… Read More >>
BNY Invests in EquiLend & Will Use ‘1Source’
The Bank of New York Mellon Corp. has made an undisclosed minority investment in EquiLend, a technology, data, and analytics solutions provider for the securities finance industry, and BNY along with eight other financial institutions making strategic investments will advise EquiLend on further innovation and efficiency in securities finance transactions. BNY will also be among… Read More >>
The 9/11 Legacy Foundation Launches
The 9/11 Legacy Foundation, an organization devoted to the significance of September 11, 2001, has launched and will be led by former White House chief of staff Andrew Card, former Secretary of Defense Leon Panetta, former Federal Reserve vice chairman Roger Ferguson, Jr., and retired Lieutenant Generals Patricia Horoho and Marc Sasseville. “The Foundation will… Read More >>
Urgency Building for ISO 20022 Transitions
(The Swift global cooperative for financial messaging is ending its support for the legacy MT standards for cross-border payments on Nov. 22, 2025, and is urging firms to transition to the updated ISO 20022 standard. This follows the Swift community’s decision in 2018 to adopt ISO 20022 for cross-border payments and reporting. The global embrace… Read More >>
Can Tokenization Save Asset Managers $135 Billion?
Tokenization is “the process of transforming asset ownership into digital tokens on a blockchain,” and it could also be one of the fastest ways for the asset management industry to save $135 billion by trimming the costs associated with traditional fund accounting, transfer agencies, compliance monitoring, and regulatory reporting. This is according to the recently… Read More >>
U.K. Fires Starting Gun on T+1 Settlement
The U.K. Accelerated Settlement Taskforce (AST) has officially kicked off the transition to a T+1 settlement cycle, with backing from the U.K. government, the Bank of England, and the U.K. regulator, the Financial Conduct Authority (FCA). The switch is set for October 11, 2027, marking a major operational shift for UK financial services firms. AST… Read More >>
‘EDI Bot’ for CA Data Debuts via Symphony
Exchange Data International (EDI) is offering near real-time, global corporate action updates via its EDI Bot, available via the Symphony Messaging service, officials say. The new bot is intended to simplify “the retrieval of crucial data, allowing users to access and manage corporate actions” within Symphony, according to the announcement. The EDI Bot’s key features… Read More >>
What Is Your Firm’s Crypto Assets Exposure?
(Bloomberg recently launched a service — Digital Asset Exposure Analytics — that provides views into direct and indirect digital asset exposure for spot currencies, futures, options, and equity tickers for companies engaged in crypto activities and funds holding these assets. The new service is intended to help firms such as asset managers, discern whether crypto… Read More >>
State Street and SS&C Revamp IFDS in Europe
State Street Corp. and SS&C Technologies plan to restructure the European components of their record-keeping solutions and business process outsourcing joint venture, dubbed International Financial Data Services (IFDS), but will keep their IFDS Canada effort intact for North American markets, officials say. IFDS Canada, Ireland, and Luxembourg are 50/50 joint ventures between State Street and… Read More >>
Trump Team & Senate Bill End Hopes for a U.S. CBDC
A central bank digital currency (CBDC) for the U.S. will not be developed and issued by the Federal Reserve any time soon and it may be a long time before the U.S. federal government seriously considers the viability of a CBDC. The halt is the result of an executive order about digital assets, issued by… Read More >>
