Implementation
Opportunity and Caution Abound with Extra Year for UMR
With the uncleared margin rules deadline extended, firms have an additional year to prepare, but they must do so while navigating the coronavirus pandemic and its economic fallout.
Banks Grapple with VPN Capacity Amid Covid-Induced Network Strain
Private network limitations and variable internet connectivity have challenged operational resiliency and business continuity plans.
On Cobol and Legacy Systems: Covid-19 Turmoil Calls For Change
Financial industry experts say the time to start future-proofing was yesterday.
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.
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.
Brown Brothers Harriman To 'Transform' Its Fund Accounting Service by 2021
The bank is in the throes of a hefty transformation project within its Investor Services division, which began with machine-learning efforts last year.
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People Moves: LSEG, BNY Mellon, Matthew Nelson, Jennifer Grancio and LiquidityBook
A look at some of the key 'people moves' from last week, including Arne Staal's move to LSEG and BNY Mellon's new global FX COO, Paresh Shah.
Isda Wants Regulators to use its Model to Draft Rules
The trade association is looking to offer its Common Domain Model to rulemakers.
As Public Cloud Gains Traction, Concerns & Challenges Grow
WatersTechnology looks at more than 20 cloud-based projects and initiatives to see how banks, asset managers and vendors are embracing public providers, and the inherent problems involved.
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…
Brown Brothers Harriman Automates NAV Reviews with Machine Learning
The bank is looking to automation in the middle and back offices as it seeks to exploit emerging technologies.
RBC Capital Markets Seeks Analytics Vendors
The investment bank is looking to partner with companies like Pyramid Analytics for better insight.
NatWest Rolls Out Personalized Trader-Dealer Chat Bot
The digital assistant is built on Symphony’s open-source technology and integrates with existing trader-dealer workflows.
AI in the Cloud: How the Two are Making for a Perfect Match
As more financial institutions are starting to expand their usage of AI, they are turning to the cloud to help scale up. However, there are things to consider before doing so. Wei-Shen Wong examines.
Google Leverages Kubernetes to Help Banks with Risk Models
The tech giant uses open-source tools to help firms ramp up computing power for complex risk calculations.
AI’s Next Phase – Thriving Through Implementation
Many in financial services are trialing artificial intelligence (AI) applications, with projects increasingly sophisticated in methodology and ambition. WatersTechnology, in partnership with SmartStream, recently convened a Chatham House-style discussion…
Nasdaq Eyes Blockchain Project for OTC Markets
Technology provider's effort to track the lifecycle of a digital asset moves beyond the proof-of-concept phase.
Axa Data Head: Cloud Faces A Growing Talent Challenge
Increasingly specialized systems call for increasingly specialized skill sets; talent acquisition and retention remain problematic.
DTCC Develops Tool to Support DLT Governance
The tool has been developed as part of DTCC's work with the industry to build a DLT network and governance model.
Firms Struggle with SM&CR Compliance and Preparations
As all FCA-regulated firms will fall into scope of the Senior Managers and Certification Regime by the end of the year, concerns emerge on how to implement the regulation.
With Initial Margin 'Big Bang' Split, Tech Preparations Could be Impacted
As the final phase of the IM implementation for non-cleared derivatives has been split into two parts, questions emerge on whether tech preparations will stall.