Custody banks are focusing AI implementation on routine, rules-based manual tasks within securities services.
Custodians are seeing new demands from asset managers clients that have shifted their investment strategies to ETFs.
Cyber experts speaking at Sibos argued that firms should prioritise resiliency and recovery over prevention.
State Street will use Deutsche Bank's Settlement Hub to directly access and provide custody services in core T2S markets.
BBVA securities services head believes the industry has come too far in implementing T2S to replace it with blockchain technology.
Blockchain-based platform will provide fast and accurate dissemination of corporate events.
Deutsche WertpapierService Bank will implement Clearstream’s T2S services as it is rolled out on a market-by-market basis.
For decades the custody world has operated in the same way, with the same systems and same technology. However, in this new era of technology advancements, data requirements and automation, custodians are adapting and transforming.
World's largest asset manager is in the testing phase of a private blockchain through Aladdin with custody banks.
AI and machine learning is increasingly becoming commonplace within the securities services, particularly for repetitive and manual processes.