Europe’s data protection laws and the incoming CSD Regulation could prevent implementation of the technology in the post-trade area.
The portal will combine data drawn directly from around 150 agent banks and the multiple loan market services provided by IHS Markit.
The Series A round of funding for the FinTech firm is the latest move for fund administrations expanding their front-office data capabilities.
Traditional long-only managers have been launching hedging strategies in the face of asset manager consolidation and the growth of passive investing.
Having been dramatically oversold, custodians are becoming more rational in what robotic technologies can and cannot be used for.
The former global head of agency lending product and portfolio advisory at JP Morgan joins the data vendor to lead its commercial strategy and products.
Developing data management tools and technologies that enhance decision-making processes is becoming a larger part of the custodian’s growth strategy.
Custody banks are seeing the value in collaborating with new service providers and FinTechs over data solutions.
In his first investor day, Charlie Scharf highlighted the technological changes he will look to implement throughout the various BNY Mellon businesses.