Half of buy-side institutions believe technologies such as blockchain, artificial intelligence and robotics present growth over the next five years, up from 18% a year ago.
A trial project using blockchain to transfer and settle securities and cash proved costly and less speedy than the traditional way, the Bundesbank president said.
Asset managers and asset owners are leaning more on their custodians for vital data and analytics on ESG investments.
Calastone has been engaging with a community of early adopters who have had access to the technology, including custodians and fund managers.
Expanding its middle-office capabilities has been a strategic focus for JP Morgan’s custody and fund services business for a number of years.
The hire is the latest big name addition for BNY Mellon as it continues to build out its digital leadership.
Custodians have highlighted the need to have a single-client view and digitise the account opening process.
Management of newly-formed SETL business have acquired the operating assets, staff and intellectual property rights of previous incarnation.
Broadridge looks to expand its front-to-back office services through its acquisition of collateral management and securities lending technology provider Rockall.
Proxymity was one of the first initiatives to be launched out of Citi’s London-based Citi D1OX programme, developed by the custody and fund services business.