Many firms could be heading for “an operational disaster” caused by rising transactional volumes, soon-to-be-overwhelmed manual reconciliation processes, and a reliance on legacy systems, and outdated technology, according to a new report “The Tipping Point for Asset Management Operations: The rising costs of operational complacency” from provider AutoRek. The report, based on securities industry surveys,… Read More >>
STP Investment Services Unveils ‘STP LaunchAdvisor’
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 >>
Capco Is Working With OpenAI
Technology and management consultancy Capco is collaborating with OpenAI, the maker of ChatGPT, and the effort is intended to combine OpenAI’s innovations with Capco’s financial services domain expertise, officials say. ChatGPT is a chatbot based upon generative artificial intelligence (A.I.) technology known as the GPT-4o large language model (LLM), officials say. Like all chatbots, ChatGPT… 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 >>
SEC Roundtables Take On Crypto & A.I.
The SEC is hosting key industry roundtables this month – one will be a series of roundtables on the regulation of cryptocurrencies, and the other will be a one-day event on the governance of artificial intelligence (A.I.). The SEC’s newly formed Crypto Task Force “will host a series of roundtables to discuss key areas of… Read More >>
‘ChatGIPS’ Brings Together A.I. & Industry Standards
ChatGPT, the well-known chatbot system using artificial intelligence (A.I.) and developed by OpenAI, has crossed paths with the Global Investment Performance Standards, or GIPS, which are the voluntary ethical guidelines for performance measurement and client reporting created and maintained by the CFA Institute, and the ChatGIPS chatbot now exists in the world. Just to remind… 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 >>
