Société Générale to Deploy FIS Solution Société Générale and systems and services provider FIS report that the French banking giant will be using the FIS Cleared Derivatives Suite for a “strategic transformation of its derivatives clearing back-office.” “As part of the agreement, the investment bank and financial services group will transition their existing derivatives… Read More >>
Franklin Templeton Outsources Transfer Agent Unit to FIS
Asset manager Franklin Templeton has launched a partnership with FIS that will allow the software and services provider to take over the management of the firm’s global transfer agent (TA) function, which includes potentially onboarding 1,450 Franklin Templeton employees. To provide continuity in service, Franklin Templeton’s transfer agent workforce across Asia-Pacific, Canada, Europe, and the… Read More >>
FIS Uses Machine Learning to Fight Financial Crime
FIS Partners With C3 AI for New Solutions Financial technology systems and software provide FIS has unveiled the first in a series of solutions that uses artificial intelligence (A.I.) to help capital markets firms fight the increasing threat of financial crime, officials say. FIS developed these new offerings with C3 AI, and the AML Compliance… Read More >>
ARRC Webinars Focus on LIBOR Replacement
ARRC Webinars Explain SOFR & More The Alternative Reference Rates Committee (ARRC) has launched a “Summer Series” of webinars that will focus on the replacement for the London Inter-bank Offered Rate (LIBOR), and that will run for the rest of this month and throughout August. Global financial markets have begun a transition away from the… Read More >>
Firms Need Collaboration to Keep Up: Q&A
(In the past, some financial services firms have been known to follow the mantra of “if it ain’t broke, don’t fix it,” notes Mark Bolton, head of international sales for Gresham Technologies. Yet the financial technology landscape has been changing fast and firms will have to keep up or risk having “solutions that are unable… Read More >>
FIS to Invest $150M in FinTech Startups
FIS Ventures to Fund ‘Flutterwave’ Financial technology specialist vendor FIS reports that its new “corporate venture investment division” FIS Ventures has launched “an effort to invest a target of $150 million in promising fintech startups over the next three years.” The first FIS Ventures investment is in Flutterwave, a Lagos, Nigeria and San Francisco-based… Read More >>
Bitcoin Futures & Options Exchange Gets CFTC Nod
Bitnomial Exchange Designated as a Contract Market Chicago-based Bitnomial Exchange has gotten the greenlight from commodities regulator CFTC to become a designated contract market (DCM), which means that it can launch as a Bitcoin futures and options exchange. “The CFTC issued the order under Section 5 of the Commodity Exchange Act (CEA) and CFTC regulation… Read More >>
New School Robots Need Old School Rules: Panel
Securities firms should apply old school best practices of IT and staff management when they consider resolving operational issues with robotic process automation (RPA) implementations, according to a panel discussion that was part of a recent ISITC conference. The members of the panel discussion, “Why AI and Robotics? The Allure of Intelligent Automation,” were Jason… Read More >>
Blackstone Makes Strategic Investment in IT/Ops Consultancy
Alternative asset manager Blackstone Group has made an undisclosed investment in Lionpoint Group in an effort to speed up growth plans for the IT and operations consultancy for alternative investments management firms. The undisclosed investment will also result in a tighter alignment between the two companies. Prior to the investment, Lionpoint worked with Blackstone Innovations,… Read More >>
BNP Paribas Moves to Automated Margin Calculation
BNP Paribas has decided to automate its process of assessing and calculating initial margin requirements for cleared derivatives portfolios by deploying the FIS Cleared Derivatives Margin Advisor, a cloud-based solution that the French bank expects will help it contain costs. The self-service offering from the U.S. vendor FIS is intended to help sell-side firms, investment… Read More >>
