technology

back office, IHS Markit, Microsoft Azure, middle office, PIMCO, State Street, technology

PIMCO, Man Group, IHS Markit, and State Street are among firms forming a new London-based tech company, HUB, to build an operating platform for asset managers. The operating platform will…

SFM’s top tech stories of 2020

December 22, 2020

Technology

blockchain, Broadridge, DekaBank, outsourcing, technology, topstory

We review the top tech stories by clicks from the year that was 2020. Continue reading

What lower net interest income means for custody banks (Premium)

December 17, 2020

Custodians, Technology

Custodians, net interest, technology, topstory

Net interest income, the ability to make money off of customer cash deposits, has shrunk at major custodian banks in 2020 due to low US interest rates and tight spreads.…

DTCC acquires Sapient compliance and reporting platform

December 10, 2020

compliance, DTCC, reporting, Sapient, technology

The Depository Trust & Clearing Corporation (DTCC) announced its acquisition of Publicis Sapient’s Compliance Management Reporting System (CMRS), which will be integrated with the DTCC Report Hub service to create…

Does regulatory data collection negatively impact market activity? (Premium)

December 1, 2020

Big Data, Regulatory, Technology

Big Data, CAT, technology, topstory

The more big data collection on financial market activity, the more that the freedom of the market may disappear in favor of central planning. Will more data collection efforts lead…

CNBC: Goldman, J.P. Morgan using drones for M&A reconnaissance

November 29, 2020

acquisitions, Goldman Sachs, J.P. Morgan, mergers, technology

Goldman Sachs is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global…

Nasdaq CCP tech investment highlights cloud, APIs

November 24, 2020

CCP, Nasdaq, technology

While the burden of regulatory requirements on CCPs might seem heavy, they are also a major contributor to the strong position of confidence that CCPs have in the industry and…

Genesis and Symphony team up for interoperable apps

November 19, 2020

applications, automation, digitization, genesis, STP, Symphony, technology

Low-code application platform Genesis and Goldman-backed messaging service Symphony announced a partnership to provide interoperable technology and applications that adhere to privacy and regulatory standards at a time when the…

ECB announces independent review of payments system outage

November 16, 2020

ECB, T2S, technology

Independent review to be launched on payments infrastructure TARGET2 incident on 23 October 2020 caused outage lasting almost 10 hours Findings of the review to be published by the second…

AFME report finds tech adoption accelerating but needs clear “change agenda”

November 16, 2020

AFME, PwC, technology

The COVID-19 pandemic has accelerated the journey of investment banks’ technology transformation, but both consistent regulation and further investment are needed to ensure banks in Europe can fully deploy competitive…

Designing the right blockchain for cross-border securities settlements

November 5, 2020

Michael Cyrus

Blockchain, Central Bank Digital Currency, Central banks, Collateral Management, Custodians, Market infrastructure, Technology

blockchain, central bank digital currency, Central Securities Depositories, collateral, Custody, Settlements, technology, topstory

A blockchain-based settlement protocol could create a common network structure for traditional and digital assets. This would create a level playing field for both that would go a long way…

SFM Magazine, Fall 2020, is now online

October 20, 2020

Blockchain, Collateral Management, Europe, Repo, Securities Lending, Technology

blockchain, CCP, collateral management, European Repo, leveraged mutual funds, Securities Lending, technology, topstory

Securities Lending, Technology

Securities Finance Monitor Magazine, Fall 2020, is now online. This digital-only special edition features articles on collateral optimization as a competitive weapon, the impact of SFTR on data analytics, Eurex’s…

The Hunt for the Algorithms to Automate Securities Lending

October 15, 2020

Darren Crowther

algorithmic trading, algorithms, Broadridge, Securities Lending, technology, topstory

Increasing the automation of securities finance and collateral management requires taking a joint technical and business perspective. Without it, firms could find themselves failing to progress or misdirecting IT investment.…

Implications of ISDA’s proposal, “Collaboration and Standardization Opportunities in Derivatives and SFT Markets” (Premium)

October 5, 2020

Common Domain Model, Derivatives, Repo, Securities Lending, Technology

Common Domain Model, ISDA, OTC derivatives, Repo, securities finance, technology, topstory

ISDA released a proposal paper today that should be considered carefully by every market participant in OTC derivatives, securities finance and repo for its pros and cons. In Collaboration and…

J.P. Morgan and AccessFintech launch real-time statuses for buy-side

September 9, 2020

AccessFintech, buy-side, J.P. Morgan, technology

Payment statuses for dividend, income and cash wire movements added to existing trade status solution to deliver further operational efficiency for buy-side institutions Follows previously announced real-time trade processing integration…

V-Square’s Mamadou-Abou Sarr on custodians, securities lending and data in ESG (Premium)

August 12, 2020

Artificial Intelligence, Big Data, Custodians, ESG, Technology

ESG, hedge funds, technology, topstory, VSQM

Last week, we examined at how data and tech are underpinning ESG (environmental, social, governance) investing, and what asset servicers should know about those trends. In this Q&A, we go…

Senior London bankers report disheartenment with cultural fit, juniorization (Premium)

July 13, 2020

banking, capital markets, hiring, industry practices, technology, topstory

Unvarnished conversations with senior London capital markets professionals reveal a deep disappointment with a wave of “trend-over-substance” based hiring, particularly when it comes to junior professionals. This sentiment is not…

DTCC’s Project ION: the argument for blockchain’s benefit to brokers and the buy-side (Premium)

July 9, 2020

Blockchain, Settlements, Technology

broker-dealers, buy-side, DLT, DTCC, Project Ion, settlement, technology, topstory

DTCC’s project Ion is paving the way for distributed ledger technologies to make near-zero reconciliation utopia a reality. We look at what broker-dealers and the buy-side should know about what…

Fintech scandals under scrutiny as calls for regulatory intervention grow (Premium)

July 8, 2020

Technology

Balancer, Crypto, cybersecurity, fintech, Robinhood, technology, topstory, Wirecard

A series of scandals in the fintech industry has amplified calls for regulators to step in. We review some of the issues being raised and talk to an advanced tech…

Broadridge survey reveals how next-gen tech is being accelerated through pandemic

July 7, 2020

Broadridge, technology

More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and…

Bloomberg: big banks in Asia hiring with tech in demand

June 18, 2020

Asian banks, technology

A hiring slowdown at banks in Asia is beginning to thaw, driven by demand for coders. Lenders including DBS Group, Oversea-Chinese Banking Corp, and Citigroup are adding workers to their…

Finadium: The Impact of COVID-19 on Collateral Management

June 16, 2020

collateral management, COVID-19, technology, topstory

This report is a survey of 43 senior collateral professionals at 21 firms including technology suppliers, custodians, operations outsourcers and central securities depositories. Our questions covered a cross-section of how…

BoE’s post-trade tech panel reviews “pinch points”, considers reforms

June 8, 2020

Bank of England, post-trades processing, technology

News and Notes

A recent report by the Bank of England’s Market Practitioner Panel focuses on post-trade processing, an area where Panel members see significant scope for improvements in efficiency and resilience. It…

The competition is on for asset manager desktop tech with robust custody integration

June 2, 2020

Custodians, Technology

Blackrock, Bloomberg, BNY Mellon, Custody, Northern Trust, State Street, technology, topstory

A number of recent announcements shows the seriousness that providers of asset management technology providers and custodians are taking the challenge of who owns the relationship. Thank State Street’s purchase…

FISL 2020: Technology, Operations and Market Structure in Securities Finance

May 28, 2020

CCP, Securities Lending, Technology, Uncategorized, Webinars

automation, CCPs, Securities Lending, technology, topstory

Securities Lending, Technology

Our annual Finadium Investors in Securities Lending conference was rebooted online this year. Finadium subscription clients can access the webinar replay of the Technology, Operations and Market Structure panel here.…

The Joys of Tea, Crumpets and Software as a Service

May 7, 2020

Martin Walker

SaaS, securities finance, Software-as-a-Service, technology, topstory

It is seldom remembered today that one of the pioneers of business computing was J. Lyons and Co., whose main business was running a nationwide chain of teahouses, as well…

Finadium: The User Experience of Electronic Repo Trading in Europe

April 14, 2020

Europe, Repo, Technology

electronic trading, Europe, Finadium, Repo, technology, topstory

In this report, Finadium delivers the results of conversations with over a dozen market participants using electronic repo trading platforms. We heard from these firms what’s working and what isn’t,…

BNY Mellon onboards first buyside firm for new tech platform

February 27, 2020

automation, BNY Mellon, data management, Liontrust Asset Management, technology

BNY Mellon has onboarded Liontrust Asset Management as the first end-to-end client on its new Investment Operations platform. The open architecture platform will improve automation and integration capabilities, and offer…

Would we leave AWS for a Goldman Sachs financial cloud? Well… yes. (Premium)

February 10, 2020

Cloud, Technology

AWS, cloud, Goldman Sachs, technology, topstory

Goldman Sachs saw an internal memo leak last week that discussed a possible cloud offering in competition with Amazon Web Services (AWS), Microsoft Azure and others, with a focus on…

SIFMA capital markets conference notes: regulations, technology, end of LIBOR

November 26, 2019

alternatives to LIBOR, cybersecurity, fintech, Regulations, SIFMA, technology

Recently, SIFMA (Securities Industry and Financial Markets Association) hosted its annual capital markets conference. Analysts recap some of what was seen and heard, as well as key themes heard throughout…

Citi’s Stuart Jarvis on non-traditional players and inventory in seclending (Premium)

November 13, 2019

Securities Lending

agency securities lending, Beneficial Owners, Citi, Europe, technology, topstory

When non-traditional players come to the securities lending markets, they often bring non-traditional inventory with them. We speak with Citi’s head of European securities lending, Stuart Jarvis, about the implications.…

Clients of collateral technology vendors are working to solve new problems

October 17, 2019

Big Data, collateral management, Finadium, technology, topstory

Finadium recently completed its sixth large-scale survey of collateral management technology vendors. As usual, the data produced some valuable insights on the direction of this market segment. While clients of…

Reuters: Deutsche Bank creating new tech division

October 15, 2019

Deutsche Bank, technology

Deutsche Bank is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held back the bank for years.…

Finadium: Assessing the European Client Securities Finance Market

October 8, 2019

Europe, Securities Lending, Technology

Europe, securities finance, technology, topstory

This report is an analysis of the 73 large beneficial owners that drive the European lender marketplace, the newer lenders that are hinting to join, and the drivers that encourage…

Finadium: Collateral Management Technology Vendors in 2019: A Finadium Survey

September 17, 2019

collateral management, Finadium, SFTR, technology, topstory, UMR

Finadium has conducted its sixth industry-wide survey of collateral management technology vendors, providing a comparative look at the development of this sector, and focusing exclusively on vendors providing collateral technology…

Lessons from gaming: Google’s Stadia and Microsoft’s xCloud show a potential fintech business model

July 22, 2019

Cloud, Fintech, Technology

Amazon, cloud, gaming, Google, Microsoft, Netflix, technology, topstory

Big tech firms have launched business models to become the Netflix of gaming. Instead of buying a game and playing it on a console at home, users would have a…

In five years, 90% of funding will be done by machines

April 25, 2019

Bimal Kadikar

Big Data, Collateral Management, Liquidity Management, Technology, Uncategorized

Big Data, Bimal Kadikar, collateral, connected data, Liquidity, technology, topstory, Transcend

You may disagree with the number of years or the percent, but everyone understands that automation in the funding and collateral space is occurring at a fast pace. The question…

Finadium: Custodians and Client Facing Technology

April 9, 2019

Big Data, Custodians, Technology

Big Data, Custody, Finadium, technology, topstory

The global custody business is becoming digitized, and custodians have adopted innovative strategies in delivering data, widgets and APIs to their global, diverse client bases. A new report from Finadium…

Finadium: Trust, Technology and Advances in Crypto Privacy

February 12, 2019

Cryptocurrency, Technology

Crypto, Finadium, privacy, technology

Trust remains a critical component of building a successful crypto marketplace. While cryptocurrencies and tokens have proven theoretically interesting to the public, continued hacks and exposures of transactions mean that…

BofE Securities Lending Committee discussion on technology – September 2018

January 19, 2019

News and Notes, News and Notes – Fintech

Bank of England, HQLAx, Securities Lending, technology, TradingApps, Wematch

Minutes Securities Lending Committee 24 September 2018 2. Presentation from HQLAX The intention of HQLAX is to remove the need for settlement of the collateral itself in a transaction. HQLAX…

Finadium: Stablecoins, Capital Markets and the Fiat/Digital Currency Divide

November 28, 2018

Blockchain, Cryptocurrency, Technology

stablecoins, technology, topstory

A new Finadium report explores stablecoins, an exciting new product to enter financial markets. They are a potential bridge between the digital and fiat currency worlds that could end up…

AFP survey: treasury and finance execs eager for fintech, but implemention low

October 17, 2018

AFP, technology, treasury management

A recent study from the AFP (Association for Financial Professionals) shows there is eagerness about the impact emerging technologies will have, but also some concern that staff within treasury and…

AIM-listed KRM22 buys Chicago risk management tech firm for $7.5mn

September 25, 2018

fundraising, KRM22, Prime Analytics, risk management, technology

Technology and software investment company KRM22 announced the acquisition of Prime Analytics, a Chicago-based risk management technology company, for a maximum total consideration of $7.5 million. KRM22 also announced a…

A Framework for Evaluating and Prioritizing Automation Projects

September 25, 2018

Martin Walker

Artificial Intelligence, Operations, Technology

AI, automation, Broadridge, capital markets, operations, Robotics Process Automation, technology, topstory

Automation is the new “big thing” in capital markets, but weren’t computers invented to automate the work of humans that would otherwise be done by people? Predictions of wide scale…

Envisioning the next evolution of the securities finance industry

September 18, 2018

Rajen Sheth

Big Data, Collateral Management, Liquidity Management, Securities Lending, Technology

Big Data, Pirum, securities finance, technology, topstory

Regulations and balance sheet management have combined to create the greatest level of disruption that the industry has seen since 2008, but this time the changes are likely to be…

BoE’s Carney says weak pay growth in UK unlikely to be caused by tech

September 14, 2018

Bank of England, Central Banks, monetary policy, technology

Excerpts from speech by Mark Carney, Governor of the Bank of England, 2018 Whitaker Lecture, Central Bank of Ireland, 14 September 2018 Although current rates of pay growth in the…

Finadium: Quantum Computing: Moon Shot or the Next Big Thing?

August 28, 2018

Technology

Quantum Computing, technology, topstory

Quantum computing (QC) is the imagination of science fiction becoming real life. The computational power that QC enables could realistically transform how financial markets work through accuracy, speed and assessing…

US Treasury fintech report: four impacts to securities finance

August 2, 2018

Artificial Intelligence, Big Data, Collateral Management, Credit Exposure, Regulatory, US

collateral, fintech, technology, topstory, US Treasury

The US Treasury issued the fourth report in their series, “A Financial System That Creates Economic Opportunities”; this one focuses on Fintech. Some of the recommendations speak to matters that…

Crypto is mimicking securities finance business models but with vastly different technology

July 30, 2018

Cryptocurrency, Securities Lending, Technology

BlockFi, Crypto, technology, topstory