HSBC is implementing a layer of APIs that chips away at its underlying legacy tech, while at the same time, standardising data and information flows to its custody clients.
JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.
Nearly half of pension fund managers surveyed by CACEIS felt there were not properly equipped to monitor their ESG activities to a high standard.
ESG has been a growing focus for BNP Paribas, which has been one of the leading voices in the securities services industry to advocating the concept.
Interim CEO Todd Gibbons believes the interoperable model will help increase its global market share of the tri-party market.
A trend that defined global custody in 2019 and continues to spark debate, Global Custodian investigates the front-to-back data models of the market’s two largest providers.
Data will be a future revenue source for securities services providers, but custodians need to work harder at providing use cases for it before charging clients.
SimCorp have signed up a growing number of North American asset owners that have adopted the platform to optimise their investment operations.
Asset owners have increased demands for technology solutions and near real-time data to support their in-house active investment operations.
The partnership marks the expansion of BNY Mellon's open-architecture, partnership model with trading systems to Europe and the Middle East.