Regulators and policymakers will have greater impacts on the environmental, social, and governance (ESG) investment strategies of pension plans than the pushback against ESG investments, according to two recent reports. The findings about regulators and policymakers are based on the Amundi/CREATE-Research annual global survey of pension investors and their investing concerns. For the… Read More >>
FinTech Brief: DTCC’s AIP Services Gains Funds & Clients
DTCC officials have announced a milestone for its Alternative Investment Product Services (AIP), which has had a 20 percent increase in the number of funds to 10,000-plus unique funds. In addition, the number of AIP clients has risen to more than 2,200, an increase of 28 percent. These increases occurred over the past year. The… Read More >>
FinTech Brief: IPC Taps Smartoptics for NY Metro Clients
IPC Systems, a provider of communications and multi-cloud connectivity solutions for securities trading, has selected Smartoptics, a provider of optical networking solutions, in order to meet the demand of New York metropolitan area clients engaged in high-performance algorithmic trading, officials say. The Smartoptics solutions provide low latency connectivity for electronic trading overseen by algorithms. “In… Read More >>
Buy Side Faces Big Risks via T+1 for FX
The push for shorter settlement cycles — trading day plus one, or T+1 — could pose major settlement and operational risks for buy-side participants in foreign exchange (FX) markets, according to guidance from the Foreign Exchange Professionals Association (FXPA), based in Washington, D.C. “The introduction of T+1 is not intended to increase FX settlement risk…. Read More >>
FinTech Briefs: HSBC’s Digital Custody Platform Set for 2024 & Other News
HSBC Collaborates with Metaco HSBC officials recently announced that the international bank will launch a digital assets custody service for institutional clients that invest in tokenized securities. “Once live in 2024, HSBC’s new digital assets custody service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering… Read More >>
DLT Hits Its Stride in Ops
Distributed ledger technology (DLT), a.k.a. blockchains, integrated with securities operations appears to be hitting its stride as global investment banks have revealed in a new survey that they want “effective integration” of DLT as a top operations and IT priority over the next three years. The new finding is part of the 2023 annual Future… Read More >>
Firms Are Rushing to Get Faster Data
Traditional financial institutions such as asset managers will have to embrace the speed of change if they want to speed up data velocity, according to SIX, an exchanges company and market and reference data provider. This was one of the main takeaways from the 2023 annual “Future of Finance” report from SIX. Nearly half, or… Read More >>
Regulators Unravel the Mysteries of Beneficial Ownership
First, we turn to Investopedia for a definition of “beneficial ownership.” “A beneficial owner is a person who enjoys the benefits of ownership even though the title to some form of property is in another name,” according to the Investopedia website. “It also means any individual or group of individuals who, either directly or indirectly,… Read More >>
Firms Embrace A.I. to Fight Financial Crime
A recent report finds that artificial intelligence (A.I.) technologies are not taking jobs from anti-money laundering (AML) professionals and that 86 percent of financial services professionals polled intend to increase their spending on A.I.-based technologies. In fact, the report, “Technology Transformation in Financial Crime Compliance,” from solutions provider WorkFusion and market research firm Celent, finds… Read More >>
GoldenSource Debuts Risk Factor Service for OTC Derivatives
GoldenSource, a provider of enterprise data management (EDM) systems, has launched a service that offers investment banks “a single risk factor taxonomy” for market rates used to price over-the-counter (OTC) derivatives instruments, officials say. The new Curve Master Definitions taxonomy service is intended to help banks “comply with market risk regulations and auditability requirements, including… Read More >>
