Officials at post-trade technology provider SmartStream say that their Transaction Lifecycle Management (TLM) Collateral Management solution, version 7.0, bolsters straight through processing via new workflow automation support for margin, interest, and substitution calls. The changes are intended to help financial services firms that face rising costs, regulatory pressures, increased risk profiles, and that need “better… Read More >>
Malaysian Bank Taps Broadridge for Securities Finance Services
AmInvestment Bank, based in Kuala Lumpur, Malaysia, has deployed a securities finance and collateral management platform from Broadridge Financial Solutions to help the firm expand its prime brokerage business lines and boost its value proposition, officials say. The investment banking arm of the Ambank Group, AmInvestment Bank officials say that the single platform allows the… Read More >>
Cboe Clear Europe & ABN Amro Test CBDC as Collateral
Cboe Clear Europe, a pan-European clearinghouse, and ABN Amro Clearing Bank N.V., report that they have been testing the use of a central bank digital currency (CBDC) as collateral, essentially exploring the potential of distributed ledger technology (DLT). In particular, they have been “testing the viability of the solution for margin calls outside the opening… Read More >>
FactSet Launches KYC App for Client Due Diligence
FactSet Combines KYC & RPA for New App FactSet, a provider of financial information and analytical applications, reports the release of FactSet KYC, a cloud-based software-as-a-service (SaaS) application intended to streamline Know Your Customer due diligence. The new app combines KYC robotic process automation (RPA) with FactSet content and public registries, improving the efficiency and… Read More >>
