Reconciliations vendor SmartStream has added several enterprise-wide capabilities to the latest release of its TLM Exception Management solution, officials say. The new version includes new features to ease the managing of processes, provide step-by-step operations capabilities and alert functionality across the front-to-back-office. The new functionality is already in use within SmartStream’s Reference Data Utility (RDU),… Read More >>
SmartStream Hires from MSCI
SmartStream Technologies, the financial transaction lifecycle management specialist, reports that Daniel Pedersen has been named to head sales and business development in Europe. He will report to SmartStream CEO Philippe Chambadal. Prior to joining SmartStream, Pedersen, a veteran with more than 20 years in financial services, worked for four years at RiskMetrics, “where he held… Read More >>
SmartStream: Greater Back-Office Efficiency via a Utility Model
In a sponsored video interview Darryl Twiggs, SmartStream’s executive vice president, product management, talks to FTF News about the real-time message processing paradigm shift causing firms to consider big cuts in the back office and new solutions with a broader focus, based on a utility model.
SmartStream: ‘Enormous Pressure’ to Cut Ops Costs
Q: Could we talk a little bit about a paradigm shift you’re seeing? Why do you think that’s happening? A: When we look at what’s happening with the banks today, there’s enormous pressure to cut operational costs, the cost of ongoing support for their existing systems. Each of the clients that we talk to, including… Read More >>
SEI, SmartStream to Build Recs Utility
SEI, an asset manager and financial technology provider, will be collaborating with post-trade systems and services vendor SmartStream Technologies to build a reconciliations utility that will help SEI better serve wealth management clients with cash, transactions and securities positions from a single reconciliation platform, report SmartStream officials. As part of the effort to create the… Read More >>
SWIFT Acquires Crime Fighters as Newedge Fills Execution Post
SWIFT Acquires Omnicision, Adds Financial Crime Team A new group of financial crime fighters has joined the SWIFT financial messaging and services consortium via the acquisition of Omnicision, the UK-based provider of financial crime prevention services and solutions. The new crime fighters from Omnicision bring specialist skills in such areas as sanctions, anti-money laundering rules… Read More >>
Average 2013 Wall Street Bonus Up 15%; Chilton Leaves CFTC
DiNapoli Report: Average Wall Street Bonus Up 15% in 2013 The average bonus paid to securities industry employees in New York City grew by 15 percent in 2013, to an estimated $164,530, according to a recent report from New York State Comptroller Thomas P. DiNapoli. That would make it the largest average bonus since the… Read More >>
ISDA Defines a New Credit Event as Gaia and Numerix Take on EMIR
New Credit Event Part of ISDA’s 2014 Derivative Definitions The 2014 ISDA Credit Derivatives Definitions to come in September will introduce several new terms and a new credit event that would be triggered by a government bail-in of a financial reference entity, according to the International Swaps and Derivatives Association. The version to come in… Read More >>
Celent Report Finds CBR Project Costs Rising as Markit Buys thinkFolio
Celent Report Finds CBR Project Costs Rising Firms have found that over the past three years cost basis reporting projects have had bigger price tags because of data quality issues, systems integration challenges and unavoidable manual processes, according to study by market research firm Celent, a division of Oliver Wyman, Inc. The report was funded… Read More >>
ISDA Chairman Goes Full Time as BNP Paribas Hires for OTC Clearing
ISDA Makes Board Chairmanship a Full-Time Post The International Swaps and Derivatives Association’s board of directors has appointed Stephen O’Connor to an expanded, full-time chairmanship with a mandate to take a leading role in derivatives industry reform while “assuming a more active, hands-on involvement in driving ISDA’s strategic initiatives,” say ISDA officials. A full-time chairman… Read More >>
