Socium to Manage Portfolios & Ops via Sentry A private equity and private credit fund administrator, Socium Fund Services reports that it has deployed the Sentry loan portfolio management technology solution from Broadridge Financial Solutions, a post-trade systems, services, and applications provider. Socium will use the Sentry system “to more efficiently manage complex private credit… Read More >>
GSAM Buys a Robo-Advisor & Other News
GSAM to Use NextCapital for Defined Contribution Foray Goldman Sachs Asset Management (GSAM) is acquiring Chicago-based robo-advisor NextCapital Group to hasten the development of Goldman Sachs’ offerings for the defined contribution market via personalized managed accounts and digital advice, officials say. The transaction is slated to close during the second half of this year, depending… Read More >>
Corporate Actions Ops Are Stuck in Manual: Survey
But Firms Want Real-Time Corporate Actions Data A new report based on survey results reveals that slightly more than “three-quarters of respondents (78 percent) still process part of their corporate actions manually, with 40 percent processing more than half of their corporate actions in this way,” according to research sponsored by data and infrastructure services… Read More >>
CME Group Ends Most Open Outcry Trading
Eurodollar Options Pits to Stay Open Derivatives exchanges operator CME Group has announced that the physical trading pits shut down since March 2020 because of the COVID-19 pandemic will remain permanently closed as global financial markets move toward a post-pandemic phase. Not all open outcry venues will close, though. “The Eurodollar options pit, which was… Read More >>
SIX & SimCorp Partner to Ease Sanctions
Financial data services and systems provider SIX has begun a partnership with investment management systems vendor SimCorp that brings together their offerings for the Sanctioned Securities Monitoring Service at a time when sanctions are becoming a hot button issue for many financial services firms. “The partnership between SIX and SimCorp, aims to address and streamline… Read More >>
Voters Reward Disruptive & Established Providers via FTF Awards
NEW YORK CITY — A mix of disruptive and established technology providers have made the winner’s circle of the FTF News Technology Innovation Awards (the FTF Awards), which Financial Technologies Forum (FTF) is revealing today. For instance, for the Best Artificial Intelligence (A.I.) Initiative, the winner is Synechron while TCS BaNCS and its Quartz effort… Read More >>
Eagle Connects to SIX’s Sanctioned Securities Service
SIX is working with Eagle Investment Systems to make it possible for Eagle clients to source sanctions data directly from SIX’s Sanctioned Securities Monitoring Service. An expanded alliance between the two vendors is intended to help end-users streamline efforts to “validate and align sanctions data with existing portfolio data, helping firms minimize the risk of… Read More >>
Firms Faced ‘Unprecedented Regulatory Change’ in 2017: Q&A
(Editor’s note: SIX won the Service Provider of the Year honor via the FTF News Technology Innovation Awards for 2018 and we wanted to explore why the company was the top vote-getter for that category. FTF News got a chance recently to interview Robert Jeanbart, head of financial information and member of the executive board… Read More >>
FTF News Unveils Winners of 2018 FTF Awards
Providers of established and cutting-edge technologies such as blockchain ledgers and artificial intelligence are getting the spotlight in the winners’ circle of the annual FTF News Technology Innovation Awards for 2018, the eighth time that Financial Technologies Forum (FTF) has recognized achievements in the securities operations industry. Other than the Editor’s Choice award, qualified industry… Read More >>
SEC Charges KPMG, Deloitte & BDO Units with Improper Audits
SEC Focuses On Foreign Affiliates of Auditors The SEC has charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for “their involvement in audit work that circumvented the full oversight of the Public Company Accounting Oversight Board (PCAOB).” The auditors have settled the charges by paying penalties or disgorging their profits from the audits,… Read More >>
