HSS's innovation function involved exploring new partnerships with FinTechs and researching the use of new technologies.
Custodians will have to up the ante on their research and development (R&D) programmes to ward off disruptive threats from new entrants.
HSBC believes custodians and securities services firms will align closer with FinTechs as the speed of technological change increases.
We summarise the main technology take-aways from this year's Sibos conference, and what technological trends are being set for the securities services industry.
Big data is becoming a greater value proposition for custodians than the traditional model of asset keeping and settlement.
SGSS will use Addventa's artificial intelligence technology to automate the portfolio commentary process for asset managers.
The Series A round of funding for the FinTech firm is the latest move for fund administrations expanding their front-office data capabilities.
Since joining Broadridge, Gokey had led the development of the company’s governance, capital markets and wealth management businesses.
BNP Paribas is half-way through a five-year programme focusing on implementing digital initiatives across the group.
The alliance will also enable buy-side clients of Charles River to manage their entire trade life cycle using automated straight through processing (STP).