At one point during FTF’s CAPCon New York conference yesterday, a panelist noted that many of the issues being raised have not substantially changed over the past 20 years. While I concede the point, my perception is that corporate actions processing has become a mix of extreme contradictions that are harbingers of real changes to… Read More >>
DTCC Hits Corporate Actions Milestone as Woodfield Eases Ops Burdens
DTCC Hits Corporate Actions Milestone The DTCC reached a milestone in June when it distributed 100 million ISO 20022 corporate actions announcement messages to banks, brokerages and other financial institutions, say officials at the industry utility.The DTCC, through its subsidiary, the Depository Trust Company, began distributing ISO 20022 announcement messages in November 2011 after an… Read More >>
Scivantage Partners with Broadridge as the Carlyle Group Joins Private Equity Data Alliance
Scivantage to Support Maxit Customers via Broadridge BPO Services Scivantage, a brokerage, tax and portfolio reporting applications vendor, is partnering with Broadridge Financial Solutions to provide Scivantage Maxit cost basis reporting customers with reconciliation via Broadridge’s business process outsourcing services, say officials from both companies. “There were multiple factors that brought our two companies together,”… Read More >>
Tweets, Lies and Corporate Actions
On Tuesday, April 23, a fake Twitter tweet via the Associated Press about the bombing of the White House sent the Dow crashing by 143 points for two minutes. A hacker who broke into the AP was responsible and the AP quickly addressed the issue. However, by then, $134 billion worth of stocks had been… Read More >>
Is Facebook Your New Corporate Actions Data Provider?
Could social media sites become major conduits for corporate actions notifications? I’m asking this in the wake of the SEC clearing the way for public companies to use social network sites such as Facebook and Twitter for key announcements. Earlier this week, the SEC declared that social media sites are equivalent to corporate websites as… Read More >>
Evolving Corporate Actions Processing
The next phase of the DTCC’s corporate actions reengineering project is focused on the client testing of ISO 20022-based messages for the entitlement and allocation of distribution events such as interest and principal payments and cash and stock dividends. The utility is also seeing signs that more firms are open to automation and standards for… Read More >>
Our Predictions for 2013
To say the least, FTF News is very proud to present our first completely digital magazine. As you flip through the pages (love those sound effects) and admire the look of it, you will see that we are making some major predictions for 2013.To cut to the chase, for our top prediction, we are seeing… Read More >>
Making Strides to Improve Corporate Actions Services
Service providers that notify clients of corporate actions have to be change agents if they want customers to replace fax machines and manual processes with XML-based standards, web-based applications, SWIFT services and mobile devices, according to a panel discussion at the Sixth Annual Corporate Actions Processing Conference, presented last week by Financial Technologies Forum (FTF)…. Read More >>
FinTech Products Update
The Depository Trust & Clearing Corp. (DTCC) has moved into the third phase of its corporate actions messaging overhaul with a new corporate actions pilot program intended to test ISO 20022 messages that incorporate all stages of distribution events from entitlements and payments to instructions.During the first two phases of the overhaul, DTCC officials upgraded… Read More >>
BNY Mellon Embraces a Corporate Actions Standard
Custody bank BNY Mellon has taken a major step forward in the complex process of moving toward a new corporate actions infrastructure by going live with a standard-based messaging solution from the Depository Trust and Clearing Corp. (DTCC). BNY Mellon went live with the new standards-based offering on July 30, marking the start of… Read More >>
