technology

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

News and Notes – Fintech

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

News and Notes – Fintech

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

News and Notes – Fintech

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

The cryptocurrency industry is growing up. In the latest move to bolster this emerging ecosystem, BlockFi, a provider of cash loans for cryptocurrency, received a $52.5 million investment from Galaxy…

Finadium announces H2 2018 event calendar for New York, London and Zurich

July 11, 2018

Collateral, Liquidity Management, Repo, Technology

collateral, Finadium events, Liquidity, Repo, Securities Lending, technology, topstory

Finadium will enter the fall months with a robust slate of events on technology, collateral, repo and securities lending. Here’s our upcoming calendar of events in New York, London and…

Finadium: Vendors for the Next Generation of Regtech

June 27, 2018

Compliance, Technology

regtech, technology, topstory

The next generation of regulatory technology (regtech) is emerging as a dramatically new set of processes, standards and solutions than anything previously seen in financial markets. This is the creation…

GLMX Becomes a Registered ATS and Broker-Dealer

June 21, 2018

News and Notes, News and Notes – Fintech

GLMX, technology

GLMX Technologies, LLC (GLMX), a comprehensive technology solution for the trading of repurchase agreements (“repo”) and securities lending, has been granted registration by the Securities Exchange Commission (SEC) and the…

Is securities lending a model for the future of repo post-trade automation?

June 21, 2018

Todd Crowther

Automation, Repo, Securities Lending, Technology

automation, Pirum, Repo, Securities Lending, technology, topstory

Repo can learn a lot from the securities lending market. Automation in securities lending post-trades processing is at an advanced state whereas repo participants are at various stages of transitioning…

Addressing the Status Quo: Why is Securities Finance Under-served by Technology?

June 14, 2018

Padraig Donohue

Repo, Securities Lending, Technology

Ion, securities finance, technology, topstory

In this article, ION charts the evolution of securities finance technology solutions to show how we got to where we are. Then we outline a roadmap showing what being well-served…

Cinnober’s Minium signs on Marex Spectron for post-trade tech

June 5, 2018

News and Notes, News and Notes – Fintech

Cinnober, Marex Spectron, post-trade, technology

Minium Financial Technology, a Cinnober company, was selected by Marex Spectron for a new generation real-time risk management platform to support the growth of Marex’s agency business in exchange-traded derivatives and…

Does fintech or political protectionism have the upper hand in the globalization of financial markets?

June 5, 2018

Investments, Market infrastructure, Technology

capital markets, globalization, protectionism, technology, topstory

There appears to be an inverse relationship today between the global connectivity of financial services firms and the protectionist tendencies of many leading politicians. Can financial markets continue on their…

Top five trends in collateral management for 2018

May 30, 2018

Bimal Kadikar

Collateral Management, Derivatives, Highlighted, Technology

Bimal Kadikar, collateral management, technology, Transcend Street

Collateral management has broadened far past simple margin processing; collateral now impacts a majority of financial market activity from determining critical capital calculations to impacting customer experience to driving strategic…

What does it mean for AcadiaSoft to move into repo and securities lending margin processing? (Premium)

May 3, 2018

Collateral Management, Repo, Securities Lending, Technology

AcadiaSoft, collateral management, Repo, Securities Lending, technology, topstory

We noted in March that we were seeing overlap across industry utilities. The more that each utility grows, it sees that its clients have demands that it can serve. In…

Market feedback and trend analysis from the week (Premium)

March 22, 2018

Collateral Management, LIBOR, Technology

central collateral funding desks, collateral management, LIBOR, technology, topstory, utilities

At Finadium we have the good fortune of being able to speak with large cross-sections of the collateralized trading market on a regular basis. This week, we’re hearing some takeaways…

The Basel Committee thinks there are five bank scenarios for fintech disruption; only one matters in capital markets (Premium)

February 21, 2018

Artificial Intelligence, Basel III, Big Data, Blockchain, Regulatory, Technology

AI, Basel Committee, disruption, fintech, technology, topstory

In a report released this week, the Basel Committee on Banking Supervision evaluated the implications of fintech developments for banks and supervisors. This healthy analysis came up with five scenarios…

The Changing Role of the Repo Trader

February 19, 2018

Martin Seagroatt

LIBOR, Repo, Technology

automation, Broadridge, Repo, technology, topstory

Collateral Management, Technology

The day to day role of the repo trader has changed rapidly in the past 10 years, driven by a number of market and regulatory trends. More radical change is…

In collateral management and trading, the build vs. buy debate is over and the vendors have won

February 14, 2018

kjarnagin@finadium.com

buy vs. build, collateral management, collateral trading, technology, topstory, vendors

For years, capital markets firms have asked themselves whether it was better to build their own collateral management solutions or purchase vendor offerings. We’ve been in detailed, heated meetings on…

Custodians really are making the transition to “technology as a service” providers (Premium)

February 13, 2018

Artificial Intelligence, Custodians, Operations, Technology

artificial intelligence, Custodians, Robotics Process Automation, technology, topstory

Collateral Management, Technology

We’re making the call: the leading custodians are successfully moving to a new business model from the top down that sees technology as the main service they are providing, wrapped…

The Move to Cloud Born Microservices in Collateral Management

February 12, 2018

Alan Sheehan

Calypso, collateral management, microservices, technology, topstory

The financial technology industry is seeing a move away from one-size-fits-all enterprise systems to cloud-native microservices based on the separation and segmentation of individual tasks. While these microservices can also…

Finadium: Blockchain Securities Lending Marketplaces: Can They Succeed?

February 6, 2018

Blockchain, Securities Lending, Technology

blockchain, Securities Lending, technology, topstory

Interest in blockchain and Internet Coin Offerings (ICOs) is in the air, and market disruption is encouraging the idea that securities lending on the blockchain is a potential game changer.…

SFM Magazine, Winter 2018, is now online

Securities Finance Monitor Magazine, Winter 2018, is now online. This edition, our Technology Special, features articles on what protectionism means for efficiency in global capital markets, a proposal for smart…

Would you accept a central bank digital currency as collateral? (Premium)

January 8, 2018

Bitcoin, Blockchain, Technology

Central Banks, digital currencies, technology, topstory

The markets are now very familiar with Bitcoin, Ethereum and other cryptocurrencies, and an exciting new infrastructure is growing up around these products. As a next stage of development, central…

Collateral management technology vendors on blockchain and Artificial Intelligence (Premium)

December 14, 2017

Artificial Intelligence, Blockchain, Collateral Management, Technology

artificial intelligence, blockchain, collateral management, technology, topstory

For our recently released survey of 21 collateral management technology vendors, we asked how far vendors had come in monitoring, testing or going live with a blockchain or Artificial Intelligence…

Finadium: Collateral Management Technology Vendors in 2017: A Finadium Survey

December 13, 2017

Collateral Management, Technology

collateral management, Finadium, technology, topstory

Finadium has conducted its fifth industry-wide survey of collateral management technology vendors, providing a comparative look at the development of this sector. The survey provides readers with a product summary…

Morgan Stanley buys 11.4% of Overstock.com – is a conversation about securities lending on the blockchain next? (Premium)

December 12, 2017

Bitcoin, Blockchain, ICO, Securities Lending, Technology

blockchain, Digital Locate Receipts, ICO, Morgan Stanley, Overstock, technology, topstory, tZERO

According to a regulatory filing, Morgan Stanley has bought 11.4% of Overstock.com. This is news, as it wasn’t that long ago that Overstock was suing prime brokers including Morgan Stanley…

Recent layoffs in securities finance show the impact of technology (Premium)

November 14, 2017

Artificial Intelligence, Repo, Securities Lending, Technology

automation, securities finance, technology, topstory

We have been wondering for a while if technology was going to mean fewer people working in securities finance. For the front office, the answer is now pushing towards a…

Could Amazon or Facebook become a CCP?

November 13, 2017

CCP, Credit Exposure, Technology

CCPs, credit intermediation, innovation, technology, topstory

One problem in financial markets is the willingness of participants to trade with one another. Sometimes this is solved by banks operating as credit intermediaries. Other times an industry utility,…

The US Securities Finance Market Structure and Vendor Landscape

October 5, 2017

Rajen Sheth

Securities Lending, Technology, US

ALD, Pirum, securities finance, Securities Lending, SFTR, technology, topstory, vendors

In the wake of our recent decision to enhance our presence in the US and Canadian securities finance space, we have been faced with important questions from market participants, including…

A framework for build, buy or network in a changing market environment

September 14, 2017

Bimal Kadikar

Collateral Management, Operations, Repo, Securities Lending, Technology

Bimal Kadikar, outsourcing, technology, topstory, Transcend, utilities

Capital markets firms are faced with tough choices in their vendor and utility selection. But when should firms choose to partner with vendors, participate in industry utilities or insource development…

Applications for artificial intelligence in securities finance and collateral management

September 7, 2017

Martin Seagroatt

Artificial Intelligence, Collateral Management, Repo, Securities Lending, Technology

artificial intelligence, Broadridge, collateral management, securities finance, technology, topstory

Following numerous hype cycles, artificial intelligence (AI) is now gaining widespread adoption, with the potential to radically transform many areas of the financial services industry. Continue reading

The Fintech overhype cyclical has gone into overdrive

September 6, 2017

Artificial Intelligence, Technology

fintech, startups, technology

We went to a Fintech meet up last night and came away with one outstanding conclusion: the hype cycle in the startup financial technology market is beyond anything we consider…

The overlapping of quant and tech teams in capital markets (Premium)

August 16, 2017

Technology

artificial intelligence, quants, technology, topstory

The disciplines of quantitative strategy and technology in capital markets have been closely aligned for many years. The trend now is towards overlapping roles, with technology driving strategies as much…

Would a blockchain short locate system make Reg SHO obsolete?

August 10, 2017

Blockchain, Fintech, Regulatory, SEC, Securities Lending, Technology

blockchain, locates, Reg SHO, Short selling, technology, topstory

Overstock.com has been in the news recently, as it works to market its T0 short sale locates platform to the prime brokerage market. The twist with T0 is that it…

Finadium: Liquidity Trends in Listed Equity Derivatives Markets

August 8, 2017

Derivatives, Regulatory, Technology

Equities, futures, listed derivatives, options, securities finance, technology, topstory

Use the Current Exposure Method, SA-CCR, or just cut out margin from the Leverage Ratio altogether? Answering this question, and soon, is a core challenge and opportunity for global equity…

Capital markets are watching to see what a “Fork” means for Bitcoin

August 2, 2017

Bitcoin, Blockchain, Fintech, Technology

bitcoin, bitcoin cash, blockchain, fintech, technology

If you are not part of the cryptocurrency inner cognoscenti, what is happening to Bitcoin is tricky to grasp. As of August 1, 2017 the Bitcoin network is experiencing something…

Finadium Big Ideas Quarterly Q3 2017 now online

August 1, 2017

Collateral Management, Derivatives, Repo, Securities Lending

collateral, derivatives, Finadium, Repo, Securities Lending, technology, topstory

Our quarterly presentation on research, news and events. Finadium research clients can log in and download the presentation here

AI is learning the art of the deal – who will keep watch over bots as they learn to trade?

July 31, 2017

Fintech, Regulatory, Systemic Risk, Technology

artificial intelligence, Facebook, fintech, technology, trading

If you are uncomfortable with the idea of Artificial Intelligence, this idea will make you very nervous. In June of this year, Facebook announced through their Code blog that they…

Can Artificial Intelligence in credit risk be the next big leap forward? Fintech startup James offers a case study

July 25, 2017

Big Data, Credit Exposure, Fintech, Market infrastructure, Systemic Risk, Technology

artificial intelligence, counterparty credit exposure, credit risk, fintech, technology, topstory

A Portuguese startup, James (formerly known as CrowdProcess), has gained some investors with deep business experience in the problem of capital markets credit risk. How much does the business need…

Free from Finadium: De-Mystifying “Digital” in Capital Markets

June 13, 2017

Big Data, Technology

capital markets, Digital, Finadium report, technology, topstory

Finadium is providing a complimentary copy of our new Fintech Focus report, De-Mystifying “Digital” in Capital Markets, to Securities Finance Monitor readers. This report goes beyond the hype to look…

Slides from our webinar on Securities Finance Market Structure (Premium)

June 13, 2017

Basel III, Collateral Management, Hedge Funds, Investments, Pension Management, Prime Brokerage, Repo, Securities Lending, Technology

Finadium, Regulation, Repo, securities finance, Securities Lending, technology, topstory

We delivered a webinar, Securities Finance Market Structure Trends, on June 13, 2017. Finadium clients can download the presentation below. Continue reading

IHS Markit partners with CloudMargin to launch collateral management solution

June 7, 2017

News and Notes

CloudMargin, collateral management, IHS Markit, technology