Market data and news giant Thomson Reuters has launched an “end-to-end user interface” to support a know your customer (KYC) on-boarding and remediation managed service offered via the identity clearinghouse Accelus Org ID, which launched in March, officials say. Accelus Org ID can be used to create an accurate identity record that works as a… Read More >>
Thomson Reuters Expands FATCA GO
Market data and financial systems provider Thomson Reuters has added to its Foreign Account Tax Compliance Act (FATCA) Grandfathered Obligations (GO) solution by including material modifications flags, say company officials. The new material modifications feature will help financial institutions such as custodian banks, better determine the FATCA eligibility of financial instruments when and if an… Read More >>
J.P. Morgan Re-Masters Its Reference Data Operations
(Editor’s Note: This story will appear in the Winter/Spring digital edition of the FTF News magazine, which will be online next month.) J.P. Morgan’s realignment of its investment-banking and Worldwide Securities Services businesses has yielded not only the Corporate & Investment Bank unit but has led to an overhaul of its reference data operations. The… Read More >>
Thomson Reuters to slash 3,000 jobs as BI-SAM Hires Performance Measurement Expert
Thomson Reuters to Cut 3,000 Jobs Market data products and systems vendor Thomson Reuters will be cutting 3,000 jobs, mostly from its Financial and Risk division, according to an internal memo that emerged at the same time as the company’s reporting of third quarter results.The financial results include a $350 million charge that will… Read More >>
DTCC Finalizes Omgeo Acquisition
Post-trade processing utility the DTCC has officially completed its acquisition of Omgeo, a post-trade services and solutions provider, and will integrate Omgeo’s international buy-side clients with DTCC’s customers to create growth, say officials from both companies.As a fully-owned subsidiary of the DTCC, Omgeo will oversee global strategies for post-trade processing and settlement that will facilitate… Read More >>
Omgeo Aims for a Global SSI Utility as DTCC Builds Client Data Service with A-List Firms
Omgeo & DTCC Ready ‘Global Utility’ for SSIs Post-trade solutions provider Omgeo and the DTCC are combining forces to build a repository that would effectively serve as a global utility for standing settlement instructions, intended to lower operational costs and bolster efficiency, say Omgeo and DTCC officials.SSI data such as account number, currency code, security… Read More >>
An Infosys Exec Moves to iGATE as DST Hires from Eagle
iGATE Taps Infosys Exec for President and CEO Consulting, technology and business process outsourcing vendor iGATE has appointed Ashok Vemuri to be its next president and CEO, replacing Gerhard Watzinger, who has been the interim president and CEO since May 2013. Watzinger will remain with iGATE in an advisory role temporarily to assist with Vemuri’s… Read More >>
Marianne Brown to continue as head of Omgeo as the DTCC buys out Thomson Reuters
Marianne Brown will stay on as president of Omgeo as the DTCC buys out Thomson Reuters Marianne Brown will continue to serve as president and CEO for Omgeo as the DTCC begins its acquisition of the other half of the post-trade services provider from market data and news giant Thomson Reuters, ending a 50-50 partnership… Read More >>
FTF News Announces Winners of the 2013 Technology Innovation Awards
Topping the list of winners in this year’s FTF News Technology Innovation Awards are Tim Lind, global head of middle office and entity for Thomson Reuters, chosen as the FinTech Innovator of the Year, and Ludwig D’Angelo, executive director, J.P. Morgan Worldwide Securities Services, named as the Ops Business Person of the Year. SmartStream Technologies… Read More >>
Forging IT Leadership in the Regulation Decade
A keynote speaker for the19th ISITC Annual Industry Forum and Vendor Show in Boston this week focused on the industry trade group’s raison d’être when he urged those in attendance to take on the “big challenges” such as driving a consensus to make standards reality such as the push for wider usage of ISO 20022-based… Read More >>
