Wells Fargo Trust Management has gone live with Smartstream’s TLM Trade Process Manager, enabling it to automate exceptions processing for domestic trades. The system replaces a mostly manual process. TLM will be used to identify exceptions before T+3 as soon as the trade is executed. Wells Fargo previously used TLM but mainly for its straight-through-processing capabilities for cross-border trades.
As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...
It’s been a busy first half for French data and portfolio management technology provider NeoXam, with expansion of its Australian operations, an addition to its management team and strengthened partnerships with established clients. Amidst this busyness has been a focus on providing private-market data capabilities as buy-side firms increase their exposure to alternatives such as...
Now in its 2nd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.
Data lineage has become a critical concern for data managers in capital markets as it is key to both regulatory compliance and business opportunity. The regulatory requirement for data lineage kicked in with BCBS 239 in 2016 and has since been extended to many other regulations that oblige firms to provide transparency and a data...