At the Sibos conference in Singapore, SWIFT’s fintech innovation division Innotribe has named newcomer Hyperledger as the winner of the 2015 Innotribe Startup Challenge, giving the vendor exposure and a $50,000 cash prize. On its website, Hyperledger says it “uses revolutionary shared, replicated ledgers technology to provide a trustful, universal record of truth not controlled… Read More >>
DTCC Confronts the Systemic Risks of Being Too Connected
Post-trade market infrastructure provider the DTCC is spreading the notion at SWIFT’s Sibos event that the global financial services ecosystem is now so tightly linked that it is creating a new, higher level of risk where one connection in a key chain of systems could fail and cause a lot of damage to all connected… Read More >>
SWIFT Price Cuts Deeper than Expected
SWIFT’s five-year, SWIFT2015 strategy to shrink its pricing for its messaging services has beat the cooperative’s expectations because of “strong” traffic growth, cost controls and pricing schemes, resulting in a 57 percent price reduction expected by the end of this year. Officials from the cooperative announced the strategy result at SWIFT’s annual Sibos gathering, underway… Read More >>
Gresham Rethinks the Cloud as Broadridge Gets Local
Third-party vendors Gresham Computing and Broadridge Financial Solutions are launching new offerings, timed for SWIFT’s Sibos gathering in Singapore this week. Gresham has done “a rethink” for its cloud-based Clareti Transaction Control (CTC) offering, and Broadridge is expanding its proxy processing services. Rethinking the Cloud In many ways, Gresham’s new Clareti-as-a-Service offering, is a relaunch…. Read More >>
Chris Church to Leave as SWIFT Shuffles Execs
SWIFT reports senior management changes, including the exit of Chris Church as SWIFT’s chief executive of the Americas and global head of securities, that the member-owned financial messaging cooperative says will better enable it to execute its recently approved 2020 strategy. The staff changes, which take effect on September 1, are: Christian Sarafidis, currently head… Read More >>
Standard Bank to Deploy Cloud-Based Solution
The private clients business of Standard Bank in South Africa will be deploying accounting and enterprise data management solutions from Eagle Investment Systems to support key fund accounting and data functions of its middle- and back-office operations, officials say. Eagle officials describe the offering as a real-time, web-based, hosted accounting system running on top of… Read More >>
More Sibos 2013 News
Debuting at Sibos 2013 in Dubai, the Misys Global Back Office system targets firms that need to centralize operational processing for multiple asset classes, trading systems and branches globally, say Misys officials. The platform offers a single data repository at its core, intended to help firms meet regulatory requirements and better control operational risk.The back… 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 >>
Q&A: SWIFT’s Goodenough says the LEI Push Is ‘Like Birthing a Baby’
FTF News recently got a rare chance to sit down with Dennis E. Goodenough III, senior business manager, securities initiatives at the financial messaging services cooperative SWIFT. Goodenough provides insight on SWIFT’s role in the legal entity identifier (LEI) and ISO 20022 standards efforts, and SWIFT’s FX Trade Repository initiative—important industry issues that were detailed… Read More >>
SWIFT Slashes Fees, Advances 2015 Strategy
TORONTO—Much of the securities-related news from SWIFT’s Sibos conference in Toronto last week targets the conundrum of firms facing increased competitive pressures externally and more cost-cutting and high performance demands internally.To ease the conundrum, SWIFT has been focusing on bringing down the costs of its services while revamping its value proposition as detailed by Lázaro… Read More >>
