Marshall & Ilsley (M&I) Trust Company has signed a three-year licensing agreement for Xcitek’s CostBasis (XCB) software and will use it to process cost allocation factors and tax opinions on corporate actions. Mark Cashion, assistant vice president, M&I Trust Company, says the move to XCB has increased accuracy and timeliness of processing cost basis activity on corporate actions for customers.
Data is the lifeblood of capital markets. It is also a valuable commodity providing financial institutions with additional insight when gathered in an internal data marketplace, or packaged and sold externally to other institutions. While the theory is sound, the practice of setting up a data marketplace can be challenging. Internally, vast amounts of data...
By Jay Rao, Co-founder of KYC Hub. The war in the Ukraine brought a slew of sanctions from across the globe, creating a spider’s web that continues to be recast, is both complex and powerful, and gets added to and changed all the time. What’s more, if any part of the web is damaged or...
The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...