Much of the communication happening in securities and commodities trading rooms has to be recorded for regulatory compliance purposes, and NICE Actimize has launched a solution that captures traditional, unified, and mobile channels via a single, cloud-based platform. The vendor says that the new NTR-X extends the capabilities of the NICE Trading Recording (NTR) compliance… Read More >>
BNY Mellon Readies Platform for Digital Asset Custody
Digital Assets Platform Due Later This Year New school crypto-currency and other digital assets have gotten the blessings of the establishment with the news that BNY Mellon is creating a digital assets unit slated to create a secure infrastructure to facilitate the transfer, safekeeping, and issuance of digital assets. The new Digital Assets unit “will… Read More >>
Digital Transformations Are More Important Than Ever: Q&A
(Industry veteran Duncan Johnston-Watt tells FTF News that the COVID-19 pandemic is actually making a convincing case for financial services firms to embrace a digital transformation. In fact, he says the ripple effects of the pandemic are jolting the acceptance rate at firms. Johnston-Watt is co-founder and CEO of Blockchain Technology Partners (BTP), an enterprise… Read More >>
SIFMA Draws Attention to CAT Data Issues
The Securities Industry and Financial Markets Association (SIFMA) has had securities industry data breaches on its mind lately. First, SIFMA is calling on the SEC to temporarily halt the technical specification process for the Customer and Account Information System (CAIS) of the Consolidated Audit Trail (CAT) because the industry group is questioning whether the data… Read More >>
BNY Mellon & Google Cloud Take On Treasury Settlements
BNY Mellon to Apply Google Cloud Technologies The Bank of New York Mellon (BNY Mellon) will be using Google Cloud technologies to help U.S. Treasury market participants “better predict billions of dollars in daily settlement failures,” officials say. The combined effort is also intended to “generate significant capital and liquidity savings, and unlock operational efficiencies,”… Read More >>
Is Your Back Office an Ugly Duckling?
(The pandemic-inspired market rally rollercoasters and the recent retail vs. institutional trading battles focused on GameStop Corp. and AMC Entertainment Holdings have underscored the operational drawbacks of volatility. The ripple effects are top of mind for Daniel Carpenter, head of regulation at Meritsoft, a provider of specialized cash and tax management solutions — receivables and… Read More >>
Client Surge Spurs Xenomorph to Open Boston Office
Boston Office to Serve Surge of New Clients London-based Xenomorph Software, an enterprise data management (EDM) and analytics solutions provider, has opened an office in Boston — its second office in North America — in response to a surge of new asset management and hedge fund clients in the Boston area. Xenomorph opened its first… Read More >>
Finastra & HCL to Move Treasury to the Cloud
Digital Venture Could End Manual Processes Financial operations systems vendor Finastra is partnering with HCL Technologies and its cloud-native services to offer “treasury management technology in the cloud to smaller banks” based in Northern Europe, North America, India and the Philippines, officials say. “Historically, many banks have been reliant on manual processes for treasury management,… Read More >>
CME Group & IHS Markit to Form Post-Trade JV
Joint Venture to Launch in Summer 2021 CME Group, an operator of derivatives trading venues, and IHS Markit, an information and analytics vendor, are forming a joint venture of post-trade processing and risk mitigation services that will bring together CME Group’s Traiana, TriOptima, and Reset companies with IHS Markit’s MarkitSERV. Traiana, TriOptima and Reset offer… Read More >>
Regulators to Double Down on Financial Crime: Report
When it comes to financial crime, difficult conversations “at the c-suite level” are ahead. That is one major hypothesis of “The State Of Financial Crime 2021,” a report from ComplyAdvantage, a vendor that characterizes itself as a “source of AI-driven financial crime risk data and detection technology” intended to “neutralize the risk of money laundering,… Read More >>
