Global pandemic exposes shortfalls in post-trade processes, finds new research
The report stated increased automation of the middle-office and the use of secure cloud-based platforms should be key priorities for firms for next year.
Technology
Transcend to use fundraising to upscale collateral management services for custodians
Transcend aims to use the new funding to rapidly scale product and sales infrastructure for custodian banks and prime brokers.
ASX announces a further year delay to post-trade DLT platform
The latest delay will push the project back to April 2023 as the exchange again cites COVID-19 as a cause.
Former BNY Mellon liquidity and collateral expert joins Hazeltree
Securities services veteran who spent three decades with BNY Mellon joins treasury and portfolio finance solutions provider.
Finastra and CloudMargin collaborate for collateral management-as-a-service
The two vendors will offer a joint solution facilitating end-to-end straight-through processing of derivatives transactions and collateral management workflows.
BNY Mellon sees data services becoming bigger part of custody deals
BNY Mellon's Todd Gibbons explained investment into new data and analytics products will help expand new revenue streams.
Britannia Global Markets selects Broadridge for post-trade securities operations
Following the launch of its new capital markets business, Broadridge secures post-trade mandate from London-headquartered brokerage.
TCS adds custody services to cloud-based asset servicing platform
TCS has extended its SaaS cloud-based asset servicing platform to include custody and settlements.
Deutsche Bank launches early warning system for securities settlement delays
The new service is powered by Elastic, where the bank will use its machine learning and anomaly detection features.
Broadridge creates new capital markets division
The new capital markets unit will sit within its Global Technology and Operations (GTO) division and combines the post-trade and trading businesses.