A-Team Insight Author: A-Team
CUSIP Global Services seeks new owner as regulator requires S&P Global to divest the company to progress merger with IHS Markit
CUSIP Global Services (CGS) is looking for a new owner following the European Commission’s phase one approval of the $44 billion merger of S&P Global and IHS Markit. While the merger will create a financial data and analytics powerhouse large enough to challenge market leaders Bloomberg and the London Stock Exchange Group (LSEG), including Refinitiv,...
RIMES plans to pair cloud native data management platform with managed data services post acquisition of Matrix IDM
RIMES has stated its intention to acquire Matrix IDM, a Sydney, Australia-based provider of a cloud native investment data management platform. The combination of RIMES’ managed data services and the Matrix IDM platform will help asset owners, institutional investors and asset managers solve increasingly complex data problems and make better informed investment decisions. The deal...
Why it’s time to stop debating cloud in capital markets
By Mark White, Senior Manager – Financial Markets and Fintech, Telehouse. It’s a well-known fact that the finance sector has historically been hesitant in its adoption of cloud computing technology. Over the years, we have seen financial institutions struggle to define their cloud strategy, resulting in organisations not achieving objectives and delaying further attempts at...
BoE and FCA Plan Report on Impact of AI in Financial Services
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have completed a one-year exploration into the deployment of artificial intelligence (AI) by financial institutions, and what implications this may have on the financial system, including the potential need for additional regulatory standards. The findings – from four quarterly meetings and a series of...
Clausematch Reaches 90,000-User Milestone at Early Adopter Barclays
Barclays has completed the rollout of Clausematch’s Policy Portal across the bank, reaching almost 90,000 employees globally, having adopted Clausematch as part of its inaugural Barclays Accelerator programme in 2014. The use-case may be seen as a benchmark for RegTech adoption, as many early-stage innovators struggle to gain a foothold at large enterprises like Barclays....
KPMG Adopts Quantexa CDI to Help Clients Combat Financial Crime
KPMG will deploy Quantexa’s Contextual Decision Intelligence (CDI) platform to help clients combat growing financial crime. By applying Quantexa’s contextualisation capabilities to clients’ data sets, the KPMG solution will allow customers to identify potentially damaging relationships between people, places and organisations, thereby offering protection against fraud, money laundering and terrorist and other illicit financing activities....
A Stable Future: The Evolution of Trade Finance as a Digital Asset
By Christoph Gugelmann, CEO, Tradeteq. The emergence of digital assets such as cryptocurrencies as a means of achieving investment returns is gathering pace amongst bank and non-bank trading institutions. For example, State Street launched a dedicated cryptocurrency division while Standard Chartered announced plans to launch a cryptocurrency trading platform. Meanwhile, a survey of 100 hedge...
Buy or Build? For Trade Surveillance, It’s Now Time to Decide
By Joseph Schifano, Global Head of Regulatory Affairs, Eventus Systems. Buy or build? It’s a question that has long vexed capital markets firms, especially given the rapid evolution of electronic trading and the technological complexity that has come with it. Individual circumstances will vary, but between the numerous vendors and the high level of in-house...
ACTIV Financial Finds Buyer in the Form of Options Technology
Hot on the heels of its acquisition of Fixnetix earlier this year, Belfast-based trading IT and infrastructure provider Options Technology has reached an agreement to acquire market data vendor ACTIV Financial for an undisclosed sum. The deal, aimed to further support Options’ growth strategy through the addition of ACTIV’s real-time, delayed, historical and enriched multi-asset...
Why Both Asset and Investment Managers Need to Think Outside the Box on ESG Regulations
By Janine Hofer-Wittwer, CFA, Senior Product Manager, Financial Information at SIX. A landmark report from the UN’s Intergovernmental Panel on Climate Change has shocked nations on a global scale. The findings suggest that the world is likely to reach 1.5C of warming before 2040 as a direct result of human activity, calling the entire world...