(Editor’s note: This is the online version of the story appearing in the Fall 2014 edition of FTF News magazine, which will be available on the website later this month. The print edition of the magazine debuted at the SIBOS 2014 conference and exhibition in Boston last week. The event, put on by financial messaging… Read More >>
SWIFT Extends Alliance Lite2 to Business Apps
Financial messaging and services cooperative SWIFT has extended its cloud-based connectivity solution Alliance Lite2 to business applications, according to a statement released at the SIBOS 2014 Boston conference and exhibition. The conference, put on by SWIFT, is underway at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. In a related move,… Read More >>
SIBOS News Bullets
As the SIBOS 2014 Boston conference and exhibition winds down, several key vendors serving securities markets have released product news. The event, put on by financial messaging and services cooperative SWIFT, is underway at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. Officials at SunGard Financial Systems report that IntelliMatch Operational… Read More >>
XSP: Firms Are Migrating to ISO 20022
Q: What SWIFT-related product trends have you seen among your clients for this year? A: We are seeing a continued migration toward 20022, with more firms moving beyond the proof-of-concept phase and beginning to highlight one or two pilot projects. Having tools that can facilitate this process has helped firms greatly. DTCC transformation and the… Read More >>
Survey: Regulatory Overhaul Boosts Role of COO
The status of chief operating officers (COOs) appears to be on the rise as financial services firms take on dramatically new business models driven by global regulatory and market structure changes, according to a survey, sponsored by Broadridge Financial Solutions and conducted by The Economist Intelligence Unit. Broadridge, which provides investor communication services, solutions and… Read More >>
DTCC, Euroclear Launch Collateral Services Venture
The DTCC and Euroclear, both providers of post-trade market infrastructure services, have unveiled a joint venture that will “develop and streamline margin settlement processes and enhance access to securities collateral worldwide,” according to a spokesperson. The new company will target industry participants that have to comply with clearing and margining regulatory mandates, officials say. The… Read More >>
Intellimatch: Three Hot Trends at SIBOS
Q: What will be the hot SWIFT-related ops trends? A: We anticipate three major themes at SIBOS this year: managed services, data intelligence/data mining and liquidity monitoring. These may not be formal themes, but we believe they will be focal points for many discussions and presentations at this key banking event. Q: Why do you… Read More >>
SWIFT’S KYC Registry Free for Participants
Financial messaging and services cooperative SWIFT will offer free access to its KYC (know your customer) Registry throughout 2015 for those banks that contribute their own institutional KYC data. SWIFT made the announcement at its SIBOS exhibition and conference, being held at the Boston Convention & Exhibition Center from Sept. 29 to Oct. 2. The… Read More >>
SWIFT Cuts Prices Sooner Than Expected
Financial messaging services cooperative SWIFT announced at the SIBOS conference that it has cut its prices sooner than it expected and might continue price cuts via its new five-year plan SWIFT2020. SWIFT officials started price cutting in 1996 with a 30 percent decrease in messaging prices. For its latest round of price discounts, SWIFT officials… Read More >>
Broadridge: EMIR, Corporates Driving SWIFT Messaging
Q: What SWIFT-related product trends have you seen among your clients for this year? A: One of the big drivers was the EMIR [European Market Infrastructure Regulation] regulation — a large number of our clients use SWIFT messaging and the SWIFT network to run their reporting for this. We have also noticed corporates extending their… Read More >>
