Financial Market InfrastructureRSS

A whistle-stop tour of the regulatory calendar

Mifid

As financial institutions across the board gear up for 2016, the year ahead poses some notably regulatory challenges. Not least among these is the impending Market Abuse Regulation (MAR) from the European Commission; there will also be further progress on MiFID II. On 3 July this year, an event will take place which will mark […]

Broadridge allies with AMA for corporate governance

Demi Derem, general manager, investor communication solutions international, Broadridge

Broadridge Financial Solutions has taken a minority stake and entered into an exclusive distribution and marketing alliance with Netherlands-based management consulting firm AMA Partners. AMA provides DirectorInsight, a platform offering data and analytical tools for the evaluation of corporate governance and executive compensation. Broadridge says the deal expands its data capabilities for corporations and institutional […]

Capco: Costs driving financial industry towards utility model

Scott Claus, head of the Technology Services Domain, at Capco

Financial technology consultancy Capco has found that cost pressure will drive the uptake of the utility model in finance. In its latest report, ‘What Makes Utilities Useful,’ it surveyed senior banking executives’ attitudes towards adoption of a utilities-style approach. With responses from 102 financial services professionals across 69 financial institutions in 26 countries, they found […]

AllianceBernstein tracking fixed-income execution with Interactive Data

market

Investment manager AllianceBernstein is working with Interactive Data, to help evaluate its trade execution quality and perform transaction cost analysis (TCA).  The work will be done across various mutual funds and separately managed portfolios using Interactive Data’s Best Execution (Best Ex) service. The service leverages its Continuous Evaluated Fixed-Income Pricing to run TCA for fixed-income […]

Nasdaq sees tech revenues climb

NASDAQ Times Square

Market operator Nasdaq has seen revenues from its technology sales increase, with its Technology Solutions division, which makes up 27% of total net revenues reach $146 million in the fourth quarter of 2015, up from $4 million from the fourth quarter of 2014. The exchange’s Market Technology unit, which accounts for 13% of total net revenues, […]

‘Smart’ CRM sees investment from HSBC

HSBC canary-wharf-1086x724

Cognitive computing specialist CustomerMatrix, a co-founder of forum Cognitive Computing Consortium, has closed US$10.5 million in Series-B funding. The investment, one in a series of investments in artificial intelligence-like technologies in 2016, was led by HSBC, with participation from Aster Capital, and existing investors Newfund and True Global Ventures. CustomerMatrix, which offers a predictive engine called […]

Swift payments innovation initiative gains ground as 45 banks sign up

Raymaekers:

A total of 45 banks including Barclays, Citi, Deutsche Bank and many others have signed up to a new payments innovation initiative headed by Swift, which is due to launch early next year. Announced in December, the initiative aims to dramatically improve the customer experience in correspondent banking by increasing the speed, transparency and predictability of cross-border payments.

Nacha sets out to dispel ISO 20022 myths

?????????????????????????

US payments body Nacha has set out to dispel myths about the ISO 20022 financial messaging standard with a new white paper published as part of an education programme as the US looks to convert its ACH network to the standard.

Industry backs Linux Foundation open source Hyperledger project

ANZ's Dobson:

A range of financial services and technology firms are backing efforts by The Linux Foundation to develop “an enterprise grade, open source distributed ledger framework”.

US and Europe set for real-time payments by end of 2017

aramanda-yates

The US and eurozone countries both look set to have live real-time payment infrastructures by the end of 2017, both using the ISO 20022 for real-time messaging standard.

@banking
techno