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Upcoming Webinar: High noon for surveillance: resolving tension between the costs of false positives, challenges of calibration, and compliance

Date: 30 January 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET When it comes to trade surveillance, regulators want firms to do their own alert calibration, examine all alerts, and keep auditable records. Firms need to balance the real cost of false positives with the technical challenge and risk of self-calibrating and auto-calibrating,…

UK and European Regulators Seek to Strengthen Cloud Rule Framework

As trading firms seek to leverage the operational benefits presented by cloud hosting and delivery, UK and European regulators are launching initiatives to improve risk management and ensure resilience of financial markets participants’ cloud-based activities. For many trading firms, cloud offers a compelling solution to a growing number of use cases. The Association for Financial…

genesis Plans Further Development of Low-code Application Platform with Second Funding Round

genesis, provider of a low-code application platform built for capital markets, has closed a second funding round of $1.8 million. The funding will be invested in further development of the platform’s core technology, sales and marketing, with the aim of positioning genesis as a leading low-code platform for capital markets software development. The company has…

State Street collaborates with Gemini on digital asset pilot

State Street has started a digital asset pilot with Gemini, a cryptocurrency exchange and custodian. The pilot builds on ongoing research and development to combine Gemini Custody with State Street’s back office reporting, and performs reporting scenarios on a user’s holdings within Gemini Custody. Initially, the pilot reports holdings of two cryptocurrencies chosen for liquidity…

Digital Asset Raises $35 Million Funding

Digital Asset, a distributed ledger technology solutions provider and creator of the open source DAML smart contract language, has raised more than $35 million in Series C funding from new and existing investors. The latest financing round brings the total amount raised by Digital Asset since its establishment in 2014 to $150 million. The funds…