The move continues BNY Mellon’s evolution of its core asset servicing business, where it sees providing data management services as the next competitive battleground.
Service will enable firms to reduce implementation time for deploying key components for sourcing accurate reference data, says SmartStream.
The portal is underpinned by API technology, which the bank has been rolling out across its wider securities services business.
The combined solution will deliver a real-time platform for clients to manage the settlement fail and buy-in process.
Wells Fargo will join a growing a list of coveted investors which include some of the biggest custodians, investment banks, and buy-side firms.
The Luxembourg-based CSD will use Finomial’s technology to automate trade documentation completion for funds in alternative assets.
Investment into DLT increased 20% over the year, yet the operational pressures of the COVID-19 pandemic could set back the industry.
MUFG Investor Services will leverage the Equilend Spire securities finance system for all pre- and post-trade services wrapped up in one solution.
The FinTech firm has signed a partnership with Clearstream and has secured the commitment of Janus Henderson Investors which will use its CSDR solution.
BNY Mellon, Citi, and State Street take part in initiative designed to transform and automate the current capital markets infrastructure.