Banks
This Week: ICE, IHS Markit, Commerzbank/Deutsche Börse, TNS & more
A summary of some of the past week’s financial technology news.
JP Morgan: New LEI scheme could make codes cheaper
The bank is offering identifiers for free to customers under a new scheme it hopes will drive down costs for entities wanting to sign up.
OpenFin outgrows container tech origins with Workspace UI launch
New interface will standardize notifications, user interactions and content presentation.
IBM lures banks’ critical workloads to financial cloud as ‘threat’ from big tech looms large
Having signed a trio of new banks to its financial services-specific cloud, the computing giant is betting on cutting-edge technologies like confidential computing to entice banks threatened by big tech firms.
IHS Markit soft launches more Risk Bureau capabilities ahead of Libor transition
The newly-acquired data giant targets the sell side with a suite of new risk-based applications meant to help banks with the transition from Libor, which is expected for the end of this year.
IPC adapts business lines for interoperability push
The communication software provider is containerizing its trading ecosystem for apps to play nicely with each other.
So long, Sseoms: Vendors vie to onboard Bloomberg clients ahead of April sunset
Sseoms competitors are stepping into the breach left by Bloomberg’s move to sunset the sell-side focused suite of services. This could be a chance for a new premier provider to snap up some business, while leaving others to reevaluate their standing in…
SEC attorney defends personal information in the Cat
Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.
Confidential computing projects could answer industry’s cloud security questions
Perhaps smarter than blockchain and certainly closer than quantum computing, this type of complex computing could accelerate banks' move to the cloud—if the industry gets it right.
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EU firms face operational burdens if UK denied data protection adequacy
A no-adequacy decision could create new logistical issues for compliance teams and data managers operating across the UK and the EEA.
Waters Wrap: Dash Financial gets nabbed by Ion (And monetizing data)
Ion Group has acquired Dash Financial. Whether or not this ends up being a good marriage will come down to the people making the tech platforms, Anthony says.
FRTB–Taking Stock of Where We Are Today
This report distills the new approaches for calculating market risk outlined by the Basel Committee, and how regulators across Asia, Europe and the US plan to roll out FRTB in their markets. In addition, the report includes the inputs from banking…
Fed could require senior management to explain AI models
A new era of accountability might see the Federal Reserve demand model explainability to keep financial system safe.
Futures trading algos ripe for disruptive new entrants
Algorithm development specialist BestEx Research is making a play to address inefficiencies in futures trading algorithms.
This Week: Refinitiv ESG; Nikko/GoldenSource; Causality Link/Eagle Alpha; Crux & more
A summary of some of the past week's financial technology news.
S&P/IHS Markit: OPIS Faces Spin-Off; Cappitech Beefs Up Regtech Frontline
Commonalities between the two firms' commodities pricing units bring them under regulatory scrutiny as they move closer to an acquisition deal. At the same time, it appears that IHS will lean into the regulatory reporting space.
Vendors Continue to Move Products, Services to the Cloud: Some Examples
Last year, most (if not all) financial technology providers either completed or started major projects that involved moving their products and services to the cloud. WatersTechnology looks at 15 of the more interesting cloud-migration initiatives from…
This Week: Pimco/Man Group, Microsoft & Others, Cboe, Trumid/Goldman Sachs, Fenergo, & More
A look at some of the past week’s financial technology news.
The ABCs of NLP: How Trading Firms Used NLP to Navigate 2020
This year, natural language processing came to the fore in capital markets, helping firms of all kinds parse huge, unstructured datasets.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
Synechron Develops Differential Privacy Tech to Leverage Internal Data
The solutions are designed to allow firms to query data and build models more effectively without breaching global privacy rules.
New Research Grapples with Corporate Actions
Veteran analyst Virginie O’Shea’s new business turns its attention to the ‘soul-destroying’ realm of corporate actions, which is weighed down by inefficiencies, manual processes, and lack of standards.
Solidatus Builds New ESG Model
The software company aims to help banks' and financial institutions achieve higher ESG ratings.
Industry Still at Odds Over Use Case for an EU Consolidated Tape
Market participants say they want a high-quality, centralized source of market data for EU equities. But who and what is it actually for?