Wavelength Podcast Episode 160: Pete Cherecwich of Northern Trust
Pete talks about privacy and convenience—and where firms tend to get tripped up when walking this balance beam.
James Rundle, WatersTechnology’s editor, and Anthony Malakian, editor at large, record a weekly podcast touching on the biggest stories in financial technology.
To hear the full interview, listen in the player above, or you can download it.
Pete Cherecwich, president of Corporate & Institutional Services (C&IS) at Northern Trust, joins the podcast to examine the challenges that firms face today when trying to offer convenience through technological innovation, while also making sure that these services are secure—the old security-versus-convenience debate, but on an enterprise scale. Also, Bloomberg intends to exit two key businesses and WatersTechnology has a new reporter.
Pete Cherecwich
1:00 Pete joins the podcast
2:30 Security versus convenience
4:00 The problem with trying to monetize internal data
5:30 Navigating convenience and functionality
10:00 Changing the culture and organization
13:30 The problem with tech disintermediation
15:30 The blockchain question
18:30 Is an industry data utility the right answer?
20:30 GDPR
23:00 Security best practices
24:30 Northern Trust is partnering with Bloomberg to offer custodial data
27:00 C&IS’ product roadmap for 2019
In the News
30:00 Some big, exclusive news: Bloomberg intends to exit its Sell-Side Execution and Order Management Solutions (SSEOMS) and its Know-Your-Customer (KYC) businesses, which includes Entity Exchange and Entity Intelligence.
36:00 Introducing WatersTechnology’s newest reporter, Rebecca Natale!
Contact Info
As is the case with everything we do, we'd love to get some feedback from our listeners. Feel free to reach out to Anthony or James via Twitter or email.
Anthony Malakian, editor at large: @a_malakian; anthony.malakian@infopro-digital.com
James Rundle, US editor: @JimRundle; james.rundle@infopro-digital.com
Rebecca Natale, staff reporter: @rebnatale; rebecca.natale@infopro-digital.com
Past 10 episodes:
Episode 150: Bill Murphy of Blackstone Group
Episode 151: Examining the MEMX Announcement
Episode 152: Initial Margin Tech & Investment Theory
Episode 153: Nasdaq's Lars Ottersgård
Episode 154: Bryan Cross, UBS Asset Management
Episode 155: Martin Boyd of FIS; A Look at the CAT
Episode 156: Gil Mandelzis, Capitolis
Episode 157: FIA Boca Preview & Other News
Episode 158: Giancarlo’s Swan Song; Crypto Madness; DTCC/ASX Blockchains
Further reading
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
New working group to create open framework for managing rising market data costs
Substantive Research is putting together a working group of market data-consuming firms with the aim of crafting quantitative metrics for market data cost avoidance.
Off-channel messaging (and regulators) still a massive headache for banks
Waters Wrap: Anthony wonders why US regulators are waging a war using fines, while European regulators have chosen a less draconian path.
Back to basics: Data management woes continue for the buy side
Data management platform Fencore helps investment managers resolve symptoms of not having a central data layer.
‘Feature, not a bug’: Bloomberg makes the case for Figi
Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
Reading the bones: Citi, BNY, Morgan Stanley invest in AI, alt data, & private markets
Investment arms at large US banks are taken with emerging technologies such as generative AI, alternative and unstructured data, and private markets as they look to partner with, acquire, and invest in leading startups.
