Waters
BST Awards 2021: Best buy-side reconciliation platform/service—SmartStream Technologies
Product: TLM Reconciliations Premium
BST Awards 2021: Best buy-side risk management product—Qontigo
Product: Axioma Risk
BST Awards 2021: Best buy-side EMS—FactSet
Product: Portware EMS
Banks seek greater clarity from regulators on cloud risk
Regulators have been reluctant to specify cloud risks, despite warnings of overreliance on three big providers.
Vendors push voice data across the trade lifecycle
Through partnerships and acquisitions, communications vendors are integrating voice data into different parts of the trade lifecycle to offer more sophisticated analytics and easier user interfaces.
Solving the Data Challenge—Technical Solutions for Optimization of Risk Management, Capital and Liquidity Resources
Since the financial crisis that began in 2007–08, regulatory pressure on requirements around capital adequacy, liquidity, funding, balance sheet size and leverage has become increasingly intense. As a consequence, financial institutions need to manage…
Waters Wrap: On cloud migrations and VCRs
Financial services firms are increasingly embracing public cloud offerings, but there have been stumbles along the way, including around scalability, throttling, and a lack of true multi-cloud connectedness. These are lessons that must be learned if…
FIS modernizes through modularity
The vendor has been in the process of overhauling its entire tech estate for almost seven years, with the aim of offering modular, flexible services.
People Moves: Charles River, Causality Link, Preqin, and more
A look at some of the key people moves from this week, including Caroline O'Shaughnessy (pictured), who joins Charles River Development as Emea head.
Competing CTPs won’t work, warn EU firms, calling for single tape provider
As the industry awaits upcoming EC proposals, some firms are voicing concerns that mandating multiple CTPs could create fresh problems around data fragmentation and connectivity costs.
Interoperability: Banks struggle with just how much they want for flagship platforms
For all the talk of interoperability within the capital markets, Wei-Shen wonders just how far firms are willing to go.
This Week: Bloomberg/Goldman Sachs, Broadridge, Rimes, and more
A summary of some of the past week's financial technology news.
Big Data Challenges—Unlocking Opportunities for Banks to Rethink Their Data Structures
Revisions to banks’ mandatory capital requirement regulations, to be implemented in a few jurisdictions in January 2023 and globally in 2024, will present these institutions with a massive challenge as the volumes of data they must manage and analyze…
Bank of Montreal begins 2nd phase of cloud migration and development strategy
Similar to its competitors, BMO wants the future development of financial services tools to be cloud-native. The bank expects 30% of workflows to be moved to the cloud within three years.
Helping Firms Make the Most Informed Business Decisions
Stephane Rio, founder and CEO of Opensee, discusses the extent of the data challenges facing all capital markets firms
Six partners with BMLL for best execution analysis
The Swiss exchange is using the vendor's data and analytics to provide insight to brokers around Swiss EBBO liquidity.
People Moves: Calastone, Securitize, Esma, State Street and more
A look at some of the key people moves from this week, including Ahsan Raza (pictured), who has joined Calastone as chief financial officer.
Google aims AI at corporate actions challenges
The tech giant believes its AI tools have a multitude of applications across some of the complex data challenges of financial markets, and it’s starting with the manual and complicated world of corporate actions. Some believe it will be an uphill battle.
Waters Wrap: Examining Digital Asset’s DLT strategy (and its broader implications)
Digital Asset has slowly expanded its influence with exchanges in the APAC region, and this year has made additional inroads in the US and Europe. Anthony examines the company's wins and losses over the last seven years.
This Week: Cboe, Euroclear; Société Générale, Bloomberg/Sustainalytics
A summary of some of the past week’s financial technology news.
Bloomberg deploys math, not AI, to blend risk management and portfolio construction
The Mac3 GRM risk solution is live for equities users, uses no AI or machine learning, and will be rolled out to more asset classes next.
SimCorp makes push into managed services
The Danish vendor is in the early stages of moving into accounting services. In later phases, it plans to expand services across the back and front office.