Corporate actions processing vendor Information Mosaic, part of IHS Markit, has just announced that it is launching IMActions for Investment Banking to target the internally developed systems and manual processes of global investment banks. The new solution has been created to manage “the entire corporate actions lifecycle from announcement capture and validation to downstream processing,”… Read More >>
Sibos Preview: Time to Harmonize ISO 20022-based Ops?
Harmonization around the ISO 20022 standard will be one of the key themes at the Sibos annual gathering of the financial messaging cooperative SWIFT, underway this week in Singapore at the Sands Expo and Convention Centre of the Marina Bay Sands complex. As the ISO 20022 standard has been gaining ground among industry players, SWIFT… Read More >>
CEO, CFO Exit as Markit Completes Information Mosaic Acquisition
Two executives will be leaving Information Mosaic as Markit completes its acquisition of the corporate actions and post-trade securities processing vendor. “It’s our intention to transition all employees with the exception of Ulrich Kunz, chairman and chief executive officer and Anina Janacek, chief financial officer. Both will be stepping down to resume their consulting roles,”… Read More >>
Markit to Acquire Information Mosaic
Financial data and technology vendor Markit is acquiring the corporate actions and post-trade securities processing provider Information Mosaic in a bid to position itself as “a leading provider of end-to-end corporate actions services,” say Markit officials. Financial terms were not disclosed by either vendor. “The transaction is expected to close in the third quarter of… Read More >>
ADR Corporate Action Processing Grows Up
Michael Silverence is hoping that the days of using PDFs to spread the word in the U.S. and globally about the corporate actions impacting American Depositary Receipts (ADRs) are numbered. The BNY Mellon vice president, who oversees global product management, particularly innovation and technology, has been heavily involved in a project to automate corporate actions… Read More >>
Case Study: A Broker-Dealer’s Second Leap into the Leading Edge
Building upon its success with cloud-based corporate actions processing, broker-dealer Industrial and Commercial Bank of China Financial Services (ICBC) is taking another a leading-edge leap by joining the DTCC’s pilot project to transform corporate actions instruction via the ISO 20022 standard. In 2012, ICBC embraced automation by leapfrogging from manual systems to a cloud-based corporate… Read More >>
Tackling Corporate Actions via Cloud Computing
For Henry Napier, a vice president overseeing corporate actions processing for The Industrial and Commercial Bank of China Financial Services (ICBCFS), mornings were a little busy because of a system that was essentially manual. “Basically, what we would do in the morning is spend several man hours pulling up internal data,” says Napier, who is… Read More >>
Tech Spotlight: A Computer Language Automates Human Processes
(Editor’s note: FTF News is launching today a new area of coverage as we spotlight each month a key information technology (IT) trend that is proving to be crucial to the successful operation of middle and back office processes. For January, we focus on the eXtensible Business Reporting Language, also known as XBRL.) The open… Read More >>
Taking on Corporate Actions
Editor’s note: This is the first of a two-part series on the Depository Trust & Clearing Corp.’s (DTCC) embrace of the ISO 20022 XML-based standard for state-of-the-art automation for corporate actions. The DTCC is working closely with financial messaging services provider SWIFT on this project. In fact, at SWIFT’s Sibos conference in Toronto, Sept. 19-22,… Read More >>
Q&A: Broadridge
When I spoke to Charles V. Callan, senior vice president, regulatory affairs for Broadridge Financial Solutions in late June, the proxy voting season—roughly February 15 to May 1—had just ended. For Broadridge, the season consisted of 3,174 meetings of publicly traded US companies that have many shareholder interactions. Since Broadridge introduced proxy voting services by… Read More >>
