The securities servicing industry, according to a new survey, is reaching a “tipping point” in its embrace of application program interfaces (APIs), which are those key links among software systems that serve as superhighways for data, and are intended to help firms boost efficiency and adopt to new business models. The new report from SWIFT… Read More >>
SWIFT Says FX Ops Needs ISO 20022
Financial services messaging consortium SWIFT is calling for the increased automation of foreign exchange (FX) transactions via more standards that will ease data exchanges and will facilitate the nirvana of straight through processing (STP). “By removing barriers to exchange, standards always increase the amount of business done,” according to “The Value of Standards in the… Read More >>
SWIFT Picks a New President
Pérez-Tasso to Replace Leibbrandt on July 1 Javier Pérez-Tasso has been appointed the new CEO of SWIFT, and he will replace Gottfried Leibbrandt on July 1. Leibbrandt previously announced at the end of last year that he would be stepping down at the end of June. Pérez-Tasso has been a member of the SWIFT executive… Read More >>
SWIFT Report Focuses On Evolving Cyber Threats
The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, a member-owned cooperative founded in 1973 that provides financial messaging services, has published its latest report on cyber threats. The report is entitled “Three years on from Bangladesh: tackling the adversaries,” and its focus is the “evolving nature of the cyber threats facing the global financial… Read More >>
ISITC to Scrutinize Disruptive IT at Spring Summit
David Scola, head of North America for the SWIFT financial messaging and services cooperative, will dive into the impacts of disruptive technologies such as open application programming interfaces (APIs), distributed ledger technology (DLT), artificial intelligence and machine learning at ISITC’s 25th Annual Securities Operations Summit later this month in Boston. Scola is serving as moderator… Read More >>
SWIFT’s CEO Will Step Down in June 2019
Gottfried Leibbrandt, the CEO of the financial messaging and systems cooperative SWIFT, is stepping down from his post after seven years during which the organization endured major industry shifts and a major hacking scandal. Leibbrandt notified the SWIFT board of his intention to step down at the end of June 2019, officials say. SWIFT officials… Read More >>
Brevan Howard Uses AcadiaSoft for IM Management
A Major Buy-Side Firm Embraces AcadiaSoft’s IMEM AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives market, reports that Brevan Howard has been added to the users of AcadiaSoft Hub’s Initial Margin Exposure Manager (IMEM). As one of the first buy-side firms that falls within the scope of Phase Three of… Read More >>
SWIFT & Microsoft Collaborate to Bring Payments to Azure
SWIFT and Microsoft Join Forces for a POC Software giant Microsoft and financial messaging cooperative SWIFT are taking a major step forward in making Microsoft’s Azure cloud computing service the host for native payments, officials announced at SWIFT’s SIBOS conference underway this week in Sydney, Australia. The two companies acknowledged that they have been working… Read More >>
Broadridge Jolts Asset Servicing via New Service
Broadridge Launches Asset Servicing Solution at SIBOS Broadridge Financial Solutions is debuting at SIBOS in Sydney Australia a cloud-based processing solution that addresses the challenges with end-to-end asset servicing, officials say. The solution targets the “industry, business and operational challenges” that are part of global asset servicing, say Broadridge officials. Global A-list banks have been… Read More >>
Vendors Must Understand What Clients Want: Q&A
(At the SS&C Deliver customer conference of SS&C Technologies in Las Vegas last month, FTF News got the chance to interview Steve Steffy, director of operations at Trilogy Global Advisors, based in Winter Park, Fla. An SS&C client, Trilogy describes itself as a specialist emerging markets equity boutique firm. Two years ago, the vendor published… Read More >>
