Post-trade & ops

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/Post-trade & ops

10,000 jobs could be lost to robots says Citi

US bank Citi has warned that it could shed half of its 20,000 tech and ops staff in the next five years due to the rise of robotics and automation.

/Post-trade & ops

Minium and Exactpro team up for software testing

Minium and Exactpro Systems Limited (Exactpro) today announced that they have entered into a partnership under which Exactpro will provide independent software testing of Minium’s Risk Management and Post-Trade processing systems.

/Post-trade & ops

CBA completes Sepa instant payment testing with EBA Clearing

Norwegian software vendor Commercial Banking Applications (CBA), today confirmed that it has successfully completed testing of instant payments with EBA Clearing – with the result that its IBAS SIP - SEPA Instant Payment Solution can now support the processing of real-time payments for banks connecting to the EBA Clearing Instant Payment System.

/Post-trade & ops

Live: EBAday2018, day one

Payments professionals from across Europe are gathering in Munich this week for EBAday 2018, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

/Post-trade & ops

New chief exec appointed at Strate

South African Central Securities Depository (CSD), Strate, is pleased to announce the appointment of André Nortjé as its new CEO, effective 1 August 2018.

/Post-trade & ops

Tocom and HKEX sign MoU

The Tokyo Commodity Exchange (TOCOM) and Hong Kong Exchanges and Clearing Limited (HKEX) and today (Monday) signed a Memorandum of Understanding (MOU) to further promote their cooperation through information exchanges, staff exchanges, product development and joint promotion.

/Post-trade & ops

Swedish central bank opens consultation on instant payments

An infrastructure for the settlement of instant payments will become an increasingly important element of the payment landscape.

/Post-trade & ops

Liquidity Marketplace raises US$1 million for imarch into Southeast Asia and the US

Liquidity Marketplace (LMX), a financial technology (fintech) startup providing an innovative marketplace solution to transform how multinational corporations, banks and financial institutions manage their liquidity, announced today its successful seed stage fundraise of US$1 million.

/Post-trade & ops

Northern Trust applies for blockchain patents

Northern Trust, one of the few financial firms in the world to have a implemented a live distributed ledger application, has applied for two new blockchain-related patents in digital identity and meeting management.

/Post-trade & ops

Thai CB to issue digital currency for interbank settlement: Sarb reports back on Project Khokha

The Central Bank of Thailand is initiating a project to use a Bank-issued digital currency for interbank settlements.

/Post-trade & ops

Italian banks test blockchain for interbank reconciliations

The Italian Banking Association (ABI) has opened a pilot project on blockchain-based interbank reconciliations to a first group of 14 lenders.

/Post-trade & ops

Investment Association calls for inefficiencies in the bond markets to be addressed

The Investment Association (IA) has today published a series of best practice principles designed to improve the functioning of the bond markets during exchange and tender offers – the process whereby an issuer exchanges its existing bonds for new bond issuance or buys them back for cash.

/Post-trade & ops

DTCC collbaorates with Equilend, Trax, IHS Markit and Pirum to boost trade reporting for SFTR

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced new efforts to further streamline and enhance its global trade reporting capabilities as market participants prepare for the upcoming reporting requirements contained within the Securities Financing Transaction Regulation (SFTR), which are expected to begin to take effect in late 2019.

/Post-trade & ops

Clearstream and Lombard Risk enhance triparty connectivity

ombard Risk, a Vermeg company and global dedicated provider of collateral management and integrated regulatory reporting solutions, is enhancing its capabilities across triparty agents through a new partnership with international central securities depository and settlement and custody firm Clearstream.

/Post-trade & ops

DBS expands Technology Advisory Committee

The Derivatives Service Bureau today announced the members of its newly formed Technology Advisory Committee (TAC).

/Post-trade & ops

Asset managers turn to emerging technologies as regulatory dust settles

The results of Linedata’s eighth global asset management survey reveal a shifting focus away from regulation as companies prepare for a new wave of demands and opportunities afforded by disruptive technologies.

/Post-trade & ops

ASX invests in electronic property settlement business

ASX Limited (ASX) has partnered with Australian Technology Innovators Pty Limited (ATI), the parent company of InfoTrack, Australia’s leading provider of eConveyancing technology and services, to enter the national electronic property settlement market.

/Post-trade & ops

CLS invests $5 million in R3; Paxos scores $65 million funding round

Blockchain consortium R3 has banked a $5 million investment from FX risk platform CLS.

/Post-trade & ops

Virtus Partners cuts reconciliation admin with Duco Cube

Duco, a global data engineering technology company, today announced a new engagement with Virtus Partners LLC, a provider of alternative investment administration services and operations outsourcing.

/Post-trade & ops

350 jobs to go as Deutsche Bourse allocates investment in new tech

Deutsche Bourse plans to spend EUR270 million on blockchain, big data analytics, cloud computing, as well as robotics and artificial intelligence, as part of a 2020 roadmap that will see 350 jobs cut to increase scope for new tech investments.