SS&C Offers CRM via Managed Services SS&C Technologies has integrated a customer relationship management (CRM) module into the SS&C Black Diamond Wealth Platform that offers managed services that are intended to reduce IT maintenance burdens, officials say. The Black Diamond CRM module “complements SS&C’s existing CRM solutions, Salentica Elements and Salentica Engage,” and will provide a… Read More >>
Crypto Assets May Get ISINs & Other News
ANNA & DTIF Sign an MOU Two key standards bodies are paving the way for a “phased introduction” of new International Securities Identification Numbering (ISIN) tags for crypto assets — an effort that is intended to bring more transparency to securities and crypto markets. The ISINs to come would create a “mapping between financial assets… Read More >>
NY State Wants Firms to Report Ransomware
The state of New York has amended its “first-in-the-nation” cybersecurity regulations and will be requiring financial services firms to report ransomware amounts just as cyberattacks are increasing, according to the regulator New York State Department of Financial Services (NYS DFS) and New York Governor Kathy Hochul. In addition to the ransomware reporting, the updated regulations… Read More >>
FinCEN Helps Firms Red Flag Financing for Hamas
The weapons of modern war include tanks, missiles, and jet fighters launched from aircraft carriers far out at sea. Governments can draw on national treasuries to fund the monumental costs of that kind of war in the 21st Century. But where did Hamas, a terrorist organization based in an impoverished refugee camp with few financial… Read More >>
Morgan Stanley White Labels BNY Platform & Other News
MSIM to White Label BNY’s LiquidityDirect Custodian BNY Mellon reports that Morgan Stanley Investment Management (MSIM) is the first white-label client of BNY’s LiquidityDirect, a liquidity management solution that combines technology, connectivity, and client service, officials say. Financial services firms can offer short-term investments by using LiquidityDirect’s technology and services “through a single sign-on for their… Read More >>
DSB’s UPI Service Targets Swap Reporting Regs
The Derivatives Service Bureau (DSB) reports that it has launched a service, dubbed the Unique Product Identifier (UPI), that industry participants will be required to use for swap recordkeeping and reporting to trade repositories, giving authorities a new view into potential systemic risks. Officially, UPI has been established as International Organization of Standardization standard (ISO)… Read More >>
Firms in NY State Brace for Cyberattacks
Today’s top headlines are about deadly shooting wars — in Israel, in Ukraine, and in far too many other places on the map. What will happen next is not known. But for financial services firms, the question of the day (and perhaps of the decade) is this: How do you secure the financial services industry,… Read More >>
Financial Crime Fighting’s Price Tag Hits $206B
Financial crimes cost banks and other financial services institutions big bucks. This means that complying with the rules and processes meant to deter those financial crimes costs big bucks too. Makes sense, right? Now, thanks to our friends at LexisNexis and Forrester Research, we have a snapshot of the actual numbers. According to the report “True Cost… Read More >>
Broadridge Explores Advancing Ops via Artificial Intelligence
Broadridge Financial Services is exploring how artificial intelligence technologies combined with the provider’s logical data model BRx can be applied to capital markets, including front-to-back-office applications across asset classes. The proof-of-concept (POC) effort has only been underway for the past three weeks, says Hugh Daly, general manager, data and enterprise solutions, at Broadridge. Daly told FTF News about the… Read More >>
ISDA Docs Expert Launches Online Course & Other News
Course Targets Firms that Use ISDA Master Agreements Edyta Knizewska, a derivatives documentation expert, reports that she is offering an online course about “understanding and negotiating ISDA Master Agreements.” The master agreements “govern over-the-counter derivatives transactions,” and Knizewska, a legal consultant, negotiator and derivatives lawyer wants to offer her experience through her ISDA Lab course…. Read More >>
