Author Archives: Tom Groenfeldt
“We discovered that many firms were managing their trade execution expenses on Excel spreadsheets and were often incurring higher trading costs because of insufficient operational control and visibility,”
Retaliatory Cyberattacks. Michael Joseph Gross raises some fascinating, and disturbing, questions in “Silent War,” in the July issue of Vanity Fair Apparently drawing on extensive contacts in the rarified world of extremely talented hackers, and finding some corroboration from government and ex-government types, Gross recounts a consumer attack on ARAMCO that did a full wipe of the [...]
In many banks the analytics function is buried in marketing, said Bonalle. As an independent center at KeyBank, it has the chance to influence decision-making. The bank tests and controls for everything from new campaigns to new policies and incorporates the learning back in.
Bring your own credential — SecureKey offers a way to store security tokens in the cloud so they are encrypted and a user can access them to share with a site, without exposing the actual security information.
The gap between technologists and risk managers seems greater than ever in major banks, and Basel deadlines are approaching.
For smart ad agencies, detailed location based information will allow them to deliver very targeted ads and offers. Banners need not apply.
In a low-margin environment banks cannot afford to run expensive legacy systems — new banks will eat their lunch, but they don’t seem to realize it, or can’t see a solution. New platforms can readily offer wealth management and PFM from smartphones.
CounterpartyLink maintains identity information on financial transacting firms around the globe and LEI will be just one more field of data for its teams to generate.
The Exchange (SGX) has moved its clearing and settlement operations from an mainframe running zOS to commodity Linux servers to improve the post-trade services and achieve straight-through processing. The result was a 100 percent improvement in online performance and a 50 percent reduction in the time it took to batch process transactions. Asia CIO reported [...]
Custodians made fat profits on foreign exchange (FX) transactions while asset managers paid little attention. Now whistle-blower suits have exposed the practice and tech platform providers are offering a way for managers to do FX without going through custodians.