The new solution supports both real-time and continuous reconciliations, allowing customers to use a wider range of processing, including payment reconciliations.
Digitalisation, new technologies and cyber threats are atop the list of challenges and opportunities for network managers who are facing a major turning point in the their roles.
FundGuard earns investment from former State Street, HSBC and JP Morgan executives bringing its capital raised to $16 million in total.
Just over half of sell-side firms in a recent survey said they plan to use artificial intelligence for securities finance over the next 12 months.
Asset managers, custodians and other industry participants cited legacy tech and data quality as the biggest challenge to achieving full corporate actions automation.
Explainable artificial intelligence model provides transparent and explainable AI-decisions in human language to help operational efficiencies and reduce manual validation.
Northern Trust is rolling out new capabilities using RPA and cognitive AI within a framework called its ‘Fund Accounting Optimisation Lab’.
The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
One of the main goals of the new technologies is to automate internal tasks and workflow processes.
BNY Mellon will leverage the partnerships with three FinTech firms and one of the world’s largest hedge funds for new AI, machine learning and risk solutions.