Technology

Articles

20 Nov 2020 — Bill Hodgson

The Fintech Open Source Foundation, together with platinum member Goldman Sachs, today announced the launch of Legend, Goldman’s flagship data management and data governance platform. 

+0
2 MINS
17 Nov 2020 — Bill Hodgson

PwC has spun out its proprietary intelligent data capture technology to create a new independent business LIKEZERO in a management buy-out backed by Souter Investments, the private equity focussed family investment office and Manfield Partners Limited.

+1
2 MINS
27 Oct 2020 — Bill Hodgson

An OTC Space interview with Scott Fitzpatrick, COO for Acadiasoft. Discussing and learning more about Acadiasoft's newly launched UMR Collateral Suite. Below is the list of questions in the inteview, which you can also watch below:

+1
5 MINS
27 Oct 2020 — Deputy Editor

Sber is to use Natural Language Processing (NLP) to improve its Centre for Corporate Solutions (CCS) and save over 7,000 hours of time spent on calls every month.

The single work space (SWS) system for operators has added a service using NLP, which transcribes the voice of callers into text in real time, analyses and classifies the query, finds the required information, and advises the operator on how to help the customer.

+0
2 MINS
21 Oct 2020 — Bill Hodgson

Over 2,100 Suspicious Activity Reports (‘SARs’) that were filed with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) between 2011 and 2017, have been leaked to BuzzFeed News and investigated by a team of reporters from the International Consortium of Investigative Journalists (‘ICIJ’). There has been no question regarding the authenticity of the documents...

+1
5 MINS
15 Oct 2020 — Deputy Editor

RBC Capital Markets has launched Aiden, an AI-based electronic trading platform for clients trading U.S. and Canadian equities. There are plans to introduce the platform to additional clients across geographical markets in the coming months.

The platform was developed jointly by RBC Capital Markets and Borealis AI, a research centre created by RBC. The firms applied deep reinforcement learning into the constantly changing equities trading environment.

+0
3 MINS
08 Oct 2020 — Deputy Editor

According to a recent article, TT is looking for a buyer.

The firm creates futures trading software, infrastructure and data solutions for proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers.

Market volatility during 2020 has increased interest in Capital Markets software firms and Barrons reported yesterday that, "Broadhaven Capital Partners is advising on the auction....Trading Technologies is expected to sell for roughly $500 million....The process is believed to be in the late stages, with a deal near."

+1
2 MINS
05 Oct 2020 — Deputy Editor

Genesis, the financial markets software firm, has received a strategic investment from Citi.

Genesis delivers a suite of low-code applications, including direct automation use cases, such as End User Computing (EUC) replacement and client servicing portals, and addressing complex opportunitiessuch as automating end-to-end electronic trading workflows and mobile framework applications.

+1
2 MINS
24 Sep 2020 — Bill Hodgson

New research points to a resilient European FinTech growth engine, however limited exit options beyond IPO for European Unicorns 

+1
3 MINS
17 Sep 2020 — Deputy Editor

Deutsche Börse is acquiring a majority interest in Quantitative Brokers (QB), an independent provider of execution algorithms and data-driven analytics for global futures, options and interest rates.

QB's portfolio of algorithms, simulation tools and analytics is used by some of the world's largest institutional investors, with its algorithms uniquely engineered for both central limit order books and OTC liquidity streams while accessible via all major execution and order management systems used by the buy side, banks and brokers.

+1
2 MINS
19 Aug 2020 — Bill Hodgson

The current implementation of regulatory reporting for the OTC market is expensive and error prone. The UK FCA and a group of reporting parties are looking at ways to improve the technology.

+1
3 MINS
19 Aug 2020 — Deputy Editor

Citi is implementing the Solidatus platform at a global enterprise level and has invested an undisclosed amount in the London-based data management startup.

+0
2 MINS