‘Roxe’ Pitched as a New Way to Clear & Settle Apifiny, a San Francisco-based global transfer network services provider, has officially debuted a settlement network based on blockchain technology, dubbed Roxe, that has been designed for “instant global clearing and settlement of payments and remittances, traditional assets, and digital assets,” according to the vendor…. Read More >>
OpenGamma & IHS Markit Target Margining Rules
OpenGamma & IHS Markit Begin Collaboration OpenGamma, which characterizes itself as a margin optimization provider, reports a new collaboration with IHS Markit, which characterizes itself as a provider of critical securities information, analytics and solutions. The vendors are jointly offering a system for mutual clients looking to reduce the cost of margin management. Their offering… Read More >>
DTCC Tests DLT’s Usage for Post-Trade Ops
Post-trade infrastructure provider the Depository Trust & Clearing Corp. has launched two experiments — dubbed Project Ion and Project Whitney — that are collaborative industry efforts to investigate how distributed ledger technology (DLT) might strengthen post-trade processes such as the elimination of manual processes in the private markets, and new securities settlement via public markets,… Read More >>
DTCC & Accenture’s Governance Model Targets DLT Problems
The DTCC and Accenture are hoping to spark a new dialogue about the governance processes required for the “safety and soundness” of blockchain/distributed ledger technology (DLT) networks that support securities operations. Blockchain/DLT started out as the backbone of the Bitcoin crypto-currency but has been spun out as a potential backbone for key securities operations. The… Read More >>
Cloud Migration & Blockchain Outpace Cybersecurity Efforts
Cybersecurity efforts at many financial services firms are falling behind new IT systems such as cloud migration tools and blockchain systems, and the situation is likely to get worse, according to survey from the Synopsys Cybersecurity Research Center (CyRC) that was conducted by the Ponemon Institute. “The consensus among respondents to the survey is that… Read More >>
Northern Trust Launches Performance Analytics Tool
Northern Trust’s ‘Radar’ Helps with Performance Insight Northern Trust has launched a proprietary reporting tool to help institutional investors gain insights as they track and analyze risk and performance across their portfolios, officials say. The Performance Radar offering is the latest addition to Northern Trust’s Investment Risk and Analytical Services (IRAS) group, and is intended… Read More >>
TCS BaNCS Makes Blockchain Work for Corporate Actions
(Editor’s note: TCS BaNCS won the 2019 Best Blockchain Breakthrough of the Year award for its Quartz Blockchain solution set, which consists of four product lines: Smart Solutions, the DevKit, Gateway and Command Center. FTF News got time with R. Vivekanand, vice-president and co-head for TCS Financial Solutions at Tata Consultancy Services. For his role,… Read More >>
SEC Explores Impacts of Digital Assets at Forum
The SEC is shining more light on distributed ledger technology (DLT) and digital assets via a forum on May 31 hosted by the regulator’s Strategic Hub for Innovation and Financial Technology (FinHub), an effort to actively engage with innovators, developers, and entrepreneurs. The event is an acknowledgment of the importance of DLT and digital assets… Read More >>
Northern Trust Transforms PE Clauses into Smart Contracts
Northern Trust reports that it has added to its private equity services by enabling private equity participants to negotiate, review and digitally sign legal agreements via an administrative blockchain. Officials say that Northern Trust and its partners have developed a way to deploy legal clauses as smart contracts in a direct way from a digital… Read More >>
ISITC to Scrutinize Disruptive IT at Spring Summit
David Scola, head of North America for the SWIFT financial messaging and services cooperative, will dive into the impacts of disruptive technologies such as open application programming interfaces (APIs), distributed ledger technology (DLT), artificial intelligence and machine learning at ISITC’s 25th Annual Securities Operations Summit later this month in Boston. Scola is serving as moderator… Read More >>
