A keynote speaker for the19th ISITC Annual Industry Forum and Vendor Show in Boston this week focused on the industry trade group’s raison d’être when he urged those in attendance to take on the “big challenges” such as driving a consensus to make standards reality such as the push for wider usage of ISO 20022-based… 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 >>
Sibos Osaka Update
In an attempt to bring more automation to post trade operations, global financial messaging provider SWIFT has tapped reconciliation solutions vendor SmartStream Technologies to develop a cloud-based version of the SWIFT confirmation matching platform, dubbed Accord, say officials at the Sibos 2012 conference underway in Osaka, Japan. The SWIFT event is at the INTEX center… 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 >>
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 >>
