Financial Technologies Forum (FTF) is proud to announce that the Editor’s Choice award for 2019 will be presented to Erica (Choinski) Borghi, honoring the immediate past chair for ISITC for her accomplishments and her service to the securities operations industry. The Editor’s Choice award is part of the FTF News Technology Innovation Awards 2019, presented… Read More >>
CFA Focuses on Investment Industry Career Paths
Few would disagree that the investment industry is undergoing major changes as firms consider digital assets and digital transformations. With this in mind, the CFA Institute published last month a special report for investment professionals to help them “adapt and embrace new challenges and opportunities for career success.” The new report, “Investment Professional of the… Read More >>
Congress Asks 37 Banks to Quantify Their Diversity
The diversity question is hitting home for 37 major financial services firms in the U.S. in a new way. Congresswoman Maxine Waters (D-Calif.), chairwoman of the House Financial Services Committee, and Congresswoman Joyce Beatty (D-Ohio), chairwoman of the House Financial Services Subcommittee on Diversity and Inclusion, recently sent out letters asking these firms to quantify… Read More >>
CFTC to Explore Climate Change’s Financial Risks
As many parts of the U.S. and the rest of the world struggle with the effects of extreme weather, the CFTC through its Market Risk Advisory Committee (MRAC) will be exploring another aspect of climate change — the financial risks. The committee will hold a public meeting on Wednesday, June 12, at the CFTC’s headquarters… Read More >>
AllianceBernstein’s Digital Transformation via the Desktop
A major asset management firm, AllianceBernstein, is finding that the Holy Grail of digital transformation can be kicked off from the desktop. The firm will be applying the operating system and related technologies from vendor OpenFin as a way to facilitate a revamp of the way desktop and web apps interact, officials say. The collaboration… Read More >>
Ex-CFTC Commissioner Bart Chilton Dies at 58
We at Financial Technologies Forum (FTF) are very sad to report that the Honorable Bartholomew (Bart) Chilton, a former CFTC commissioner, TV show host, media commentator, senior policy advisor, and a veteran of government service, died at 58 on April 27. CNBC reported that a family member acknowledged that the cause of death was related… Read More >>
SEC Raises Key SRO Fee by 59 Percent
Without much fanfare, the Financial Industry Regulatory Authority (FINRA) announced earlier this month via an Information Notice that it had to raise certain fees controlled by the SEC by 59 percent. “The fees that FINRA controls are staying flat,” a FINRA spokesperson tells FTF News. “Effective April 16, 2019, the Section 31 fee rate applicable… Read More >>
Asset Managers Must Disrupt Hiring Practices: Report
The disruptions rocking the securities industry — fee compression and consolidation, artificial intelligence, big data, analytics and social media — are rippling through the asset management sector and compelling many to reconsider hiring practices for core business functions. This is according to a report from Greenwich Associates, “Top Asset Management Talent Will Need to Evolve…… Read More >>
FinTech Lab Gets a Regulator-in-Residence
Maria T. Vullo, the former Superintendent of the New York State Department of Financial Services (DFS), is the regulator-in-residence for the FinTech Innovation Lab New York and she will provide strategic counseling and mentorship to the companies in the lab. The lab, founded by Accenture and the Partnership Fund for New York City in 2010, focuses… Read More >>
ISITC Honors Genevy Dimitrion
The ISITC standards and best practices trade group has honored Genevy Dimitrion with its Standard of Excellence Award, rewarding the industry veteran for her long-time service to the organization, the industry, and for the many industry initiatives she has helped develop. The award was presented to Dimitrion at ISITC’s 25th Annual Securities Operations Summit in… Read More >>
