This Week: Finos, Northern Trust, DTCC, and more

A summary of some of the past week's financial technology news.

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Finos brings on 6 new members led by BMO            

The Fintech Open Source Foundation (Finos) has increased its membership to 55. BMO Financial Group has joined as a platinum member with Kim Prado, US CIO of BMO Capital Markets, re-joining the organization’s governing board. WhiteSource has joined as a gold member; Synechron as a silver member; and EDM Council (EDMC), International Securities Lending Association (ISLA), and the Mojaloop Foundation as associate members.

Finos will focus on

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Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

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