RMA creates fintech committee led by State Street and BNY Mellon

RMA FINANCIAL TECHNOLOGY AND AUTOMATION COMMITTEE

Mission

Guide the financial service industry’s engagement with and adoption of new technologies while acting as an advocate for best practices. The Committee will be responsible for reviewing, understanding the practical application, implementation framework, and governance of emerging technologies in core financial service areas. This includes but not exhaustive of Trading, Collateral Management, Funding, Lending, Clearance, and Settlement. The Committee’s goal is to further reduce risk and facilitate efficient financial markets through the understanding, leveraging and implementation of these technologies. The Committee will accomplish this goal through the creation of a forum, and ultimately a community, where members can understand these technologies, their application, and risks, and formulate and drive standards to lower the barrier of entry for members.

Further details are available at https://landing.rmahq.org/fintech/

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