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 asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...
Eighteen months into his stewardship of GoldenSource, chief executive James Corrigan says the company is entering its next phase with a clear, practical three-year plan. Corrigan describes a disciplined approach: decide where the firm will compete, be explicit about what sets it apart, and align the organisation behind a short list of priorities. “If you don’t evolve your business model,...
Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.
Entity data management has historically been a rather overlooked area of the reference data landscape, but with the increase focus on managing risk, the industry is finally taking notice. It is now generally agreed to be critical to every financial institution; although the rewards for investment in entity data management appear to be rather small,...
