The OTC Space is will be at the Capital Markets Innovation Summit (CMIS) "the only conference for COOs and heads of innovation from Europe's top investment banks". Come along and meet us to catch up
The lack of a common industry taxonomy has long been a problem for the capital markets in various segments of the market, and the area of cloud technology is no different. Assessing levels of cloud adoption within a firm, let alone across the market, is challenging because not every individual has the same definition of “cloud.” The way vendor solutions or services are marketed and the rather hazy vendor descriptions of various hosting models exacerbate the problem—though a solution is offered as a managed service, that does not necessarily mean it is a cloud-based offering.
The pace of technological change right now is staggering. It permeates our lives every day, obviously, subtly and in ways we aren’t even aware of. Who remembers paper road maps, dial up internet… having to remember passwords rather than stamping your thumb on your laptop or phone?
Manchester, 27 June 2019 - Nivo, the Manchester-based instant messaging and identity verification platform, today published a research report which highlights the security risks of financial firms using email and SMS for customer communications.
In Finance, words like ‘digital transformation’ and ‘disruption’ are often thrown around without much weight, but what do they really mean? For banks, they usually involve a lot of work and a lot of costs, often requiring firms to replace multiple legacy systems, which have been stacked on top of each other haphazardly for years. All too often a digital transformation project only delivers a portion of what was planned, as projects go over budget and take too long.
June 2019 The OTC Space met with Frank Glock from Gresham Technology, which recently announced a £1.2M contract with a leading CCP to provide improved reconciliation and control tools, to talk about data integrity, distributed ledgers and regulators. Frank’s views on new technology challenge the orthodoxy of “move everything to a ledger”. We covered data formats, systems integration, ledgers, central infrastructure and the unavoidable complexity of systems.
Gresham's Clareti platform accelerates across capital markets as banks modernise ageing reconciliations technology
First client live using enhanced Reconcile.Trade solution to run on Gresham’s Clareti Platform
If two firms use two ledgers with different technology, how do they transfer value without an intermediary? Using the Clearmatics Ion framework might be the answer. Clearmatics organised a hackathon, which took place at Rise created by Barclays. Five teams took part and used the Ion framework developed by Clearmatics with a free choice of use case.
The explorations each team chose were these:
Join Redspire and Microsoft for a Financial Services Business Leaders event in the heart of City of London. Hear from four world-class Senior keynote speakers and enjoy an intimate and informal presentation with Chris Brindley, ex-Metro Bank Helen Wilson, Microsoft UK’s Customer Success Director. Take the opportunity to ask direct questions on how you can successfully steer change within your own business and why it’s so important to do so now.
The following outlines a few of the major research questions being investigated: some of these are general research problems that affect blockchain/DLT development broadly, whereas others are very specific to financial derivatives, but all of these aspects must be solved, and their solutions combined effectively, to provide efficient and resilient solutions to the grand challenge.