Recent fines to investment banks over data reporting failings on trades have shown the importance of accuracy and quality.
Blockchain start-ups are now facing serious assaults from established market infrastructures and custodians that are developing their own solutions.
iCapital will assume oversight of 115 Morgan Stanley feeder funds which invest in alternatives assets for the bank’s wealth management arm.
The report suggests custodians are no long the central hub of technology for RIAs, with tech vendors now providing direct competition over data and analytics.
Nivaura launched in 2016 and focuses on providing blockchain technology for issuance processes.
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.