DTCC-Euroclear Global Collateral partners with NEX to improve OTC derivatives margin call processes following changes in its senior leadership roles.
The revelation comes off the back of its recent agreement to buy DST Systems for $5.4 billion.
Custody banks are seeing the value in collaborating with new service providers and FinTechs over data solutions.
Deutsche Boerese and FinTech firm HQLAX will jointly use R3's blockchain technology for the securities lending platform.
The launch comes one year after Northern Trust partnered with IBM in first commercial deployment of blockchain for the private equity market.
In his first investor day, Charlie Scharf highlighted the technological changes he will look to implement throughout the various BNY Mellon businesses.
The study explained outdated systems used by clearing banks and prime brokers are not fit for purpose for today’s current regulatory environment.