Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

DTCC/Swift top LEI rankings; overall industry coverage remains spotty

The DTCC and Swift have trumped 13 other Legal Entity Identifier (LEI) registration authorities in Q3 2014 rankings compiled by Tabb Group and Alacra for data consistency and uniformity.

15 December 2014

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DTCC and banks form client data and documentation utility

The Depository Trust & Clearing Corporation (DTCC) has teamed up with six Wall Street banks to launch Clarient Entity Hub, a client data and documentation utility.

29 July 2014

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Markit and Genpact launch KYC service

Financial data outfit Markit and BPO firm Genpact have launched a service designed to help firms manage client onboarding and other know-your-customer requirements.

22 May 2014

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Swift Business Forum - London 2014 - Live Blog

Welcome to Finextra's live blog from the Swift Business Forum, London 2014, which was held Monday at the Brewery venue in the City of London, UK. This fourth instalment of the financial services Forum in the UK capital is entitled 'Doing good business in an era of re-regulation'.

29 April 2014

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Sifma calls for US rulemakers to step up deployment of Legal Entity Identifiers

US securities trade body Sifma has called for broader uptake of Legal Entity Identifiers by the country's regulators, amid fears that the US is being left behind as other nations push ahead with mandatory implementation of the uniform trade reporting standard.

14 April 2014

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Avox to double workforce as demand for reference data grows

DTCC-owned clean data utility Avox has announced plans to hire 200 new staff over the next two-years, doubling its workforce in the face of increasing industry demand for accurate reference data.

11 April 2014

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Swift: The Future of Financial Standards - Live Blog

Welcome to Finextra's live blog from Swift's Standards Forum event at Level 39 in Canary Wharf, UK. Brought to you by The Swift Institute, the Forum and the London School of Economics (LSE) and Political Science the conference is entitled 'The Future of Financial Standards'.

25 March 2014

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Thomson Reuters establishes subsidiary to handle financial benchmarks

Thomson Reuters has established a new subsidiary to handle its involvement in calculating financial benchmarks, which are set to operate under tougher regulations in the wake of widescale abuses by bank data suppliers.

10 March 2014

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DTCC warns demand for collateral set to overwhelm system infrastructures

With regulatory changes sparking a surge in demand for collateral, current operational processes and system infrastructures looks set to be overwhelmed, the Depository Trust & Clearing Corporation (DTCC) has warned.

22 January 2014

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Live Blog: Swift Nordics Regional Conference 2013

Compliance and beyond: navigating challenges and exploring opportunities in the Nordic financial landscape

21 November 2013

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DTCC partners banks on global utility for client reference data

The Depository Trust & Clearing Corporation (DTCC) has teamed up with a group of major global banks in a bid to develop a global service to collect and manage the client entity reference data necessary to meet regulatory requirements.

30 September 2013

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SAP launches capital markets tech contest for students

IT giant SAP has launched a contest for American financial engineering university students, inviting them to pitch technology ideas that will help shape the future of capital markets.

18 June 2013

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Markit acquires DTCC corporate actions validation service

Financial data outfit Markit has acquired the assets of Global Corporate Actions Validation Service from the Depository Trust & Clearing Corporation (DTCC). Financial terms of the deal were not disclosed.

17 June 2013

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Data management key to market surveillance - Iosco

The technology-driven revolution in securities markets in recent years requires regulators to overhaul their surveillance operations with a focus on the micro-management of trade data, says a report from the International Organization of Securities Commissions (Iosco).

22 April 2013

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CFTC computers crashing under weight of new swaps data

New swaps data reporting rules have left the Commodity Futures Trading Commission (CFTC) floundering in a sea of data, its computers crashing under the strain, claims one of the watchdog's own commissioners.

20 March 2013

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Bloomberg onboards Swedbank as it launches managed reference data service

Bloomberg's acquisition of reference data firm PolarLake last year is beginning to bear fruit with Swedbank the first to deploy the platform on a managed service basis.

07 February 2013

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US Treasury official to oversee LEI project

An official of the US Treasury Department's Office of Financial Research (OFR) has been selected to be chair of an international committee overseeing the launch of the Legal Entity Identifier (LEI), a global standard for financial data.

30 January 2013

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MarketAxess to acquire Xtrakter

Fixed income exchange MarketAxess has agreed to acquire European post-trade services group Xtrakter from Euroclear for £26 million in cash.

02 November 2012

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European FS industry not making most of customer data - Finextra survey

Customer data is still a misunderstood and underused asset at European financial institutions, seen by many as a purely compliance issue rather than a potential source of revenues, according to a Finextra survey commissioned by Capco.

24 October 2012

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London Metal Exchange signs for new surveillance software

The London Metal Exchange has signed a deal with the London Stock Exchange's tech subsidiary Millennium IT to install new surveillance software for real-time detection of abnormal trading patterns.

22 October 2012