Banks
This Week: BNY Mellon; Amazon/Digital Asset; TP ICAP; Hazeltree; SimCorp & More
A summary of some of the past week's financial technology news.
BondCliQ 9 Dealers Away From Operating Full-Scale SIP for Bonds
Tier-1 corporate bond dealers are still holding out from contributing their quote and pricing data to the two-year-old platform.
Ex-JP Morgan Trader Tackles Complex Computing with New Programming Language
Concurnas founder says his language will help traders work more easily with concurrent computing and offer a Python-like syntax with Java-scale performance.
HazelTree Looks to Get Ahead of UMR Phases 5 & 6 with AcadiaSoft Partnership
As a result of UMR, the vendor forecasts the buy side will attempt to minimize its risk, and will pay big if it doesn't.
FactSet Eyes Real Estate as Next Sector of Focus
The vendor is looking to expand its real-estate offering, which could include a future acquisition or alliance.
OpenFin to Introduce API for Better Developer Experience
The company's Platform API aims to simplify the building of desktop platforms.
SIX Builds Quantum Security for DLT-Based Exchange
The Swiss Exchange is future-proofing SDX with post-quantum encryption, ahead of its full-service launch.
The Retraining Conundrum: How Best to Transform a Workforce?
Professor Jay Finkelman says that the most successful firms take a three-pronged approach to workplace transformation.
Vendors Feel Heat as Regulators Pile Pressure on Third-Party Resiliency
UK regulators have proposed new laws to clamp down on operational resilience and third-party risk, pushing fintechs to put some skin in the game.
Google Exec: Regulators Insisting on Multi-Cloud for Financial Firms
As regulators fear vendor lock-in and concentration among cloud providers, Google Cloud pushes its Anthos platform.
Itiviti Automates FIX Connectivity Ahead of Possible "Connectivity Crunch"
The Swedish tech vendor is hoping to capitalize on disruption in the OMS space by offering an automated solution for migrating FIX rules and for FIX certification.
DNB Bank Advances on 3-Year Big Data, Data Science Initiative
The bank is rounding out the second year in its three-year plan, which includes more than 100 new data roles.
GLMX Looks to Sec Lending and Swaps for Electronification
The platform provider is looking at opportunities in securities lending and swaps, as it pursues expansion in Europe.
APIs: Frontier of a New Threat
APIs are becoming more important as firms digitize and adopt microservices architectures, but they come with unique security threats. By Joanna Wright
AI and Cloud Remove Barriers to Entry for Real-Time Intraday Liquidity
As increased regulatory reporting obligations add to the pressure financial institutions are under to manage intraday liquidity, centralizing siloed legacy systems into a single automated solution can offer an enterprise-wide, real-time view of liquidity…
People Moves: Refinitiv, State Street, DTCC, Liquidnet & More
A look at some the key "people moves" from last week, including Mike Hill (pictured), who joins Compliance.ai.
Vendor Lock-In Creates Barriers to Digital Transformation Efforts
Voya Financial and Blackstone execs discuss the role that fintechs play in firms' digital transformations, and caution them not to rely so heavily on vendors.
Wells Fargo Exec: Banks Struggle To Feed Hungry AI
Vast amounts of data and processing could hinder exploitation of emerging tech, says Ravi Radhakrishnan as it partners with MIT-IBM Research lab.
BNY Mellon Takes a New Tack to Digital Transformation
The custodian is trying to make digitization core to all the organization's activities, its innovation head says.
UBS Cuts Outsourced Tech Jobs
The investment bank has eliminated thousands of roles and revamped its approach to outsourcing over the last two years.
This Week: Goldman/Finos; JP Morgan/Baton; Caixa AM; IHS Markit
Catch up on some of the past week's financial technology news.
People Moves: Finastra, Luminex, Itarle, West Highland & More
A look at some of the key "people moves" over the last week, including Lisa Fiondella (pictured), who joins Finastra.
Banks Begin Exploring Homomorphic Encryption Use Cases (Part 2)
Josephine Gallagher explores some of the real-life applications of homomorphic encryption in development and the main roadblocks to its adoption.