SunGard has announced an agreement with The Depository Trust & Clearing Corporation (DTCC) to provide connectivity through the SunGard Transaction Network (STN) to DTCC’s managed account communications network, linking investment managers, broker/dealers and service providers. DTCC’s Managed Accounts Service (MAS) is a centralised communications platform that automates the exchange of account information required to open and support managed accounts. The service is offered through DTCC Solutions, a subsidiary of DTCC. STN will transmit messages from a variety of its customer counterparties and distribute them to MAS through a centralised connection point. SunGard say that STN’s connectivity to DTCC will help STN’s customers to seamlessly integrate with DTCC’s service and facilitate rapid adoption of industry standards. By automating and standardising the data flow between counterparties, STN and DTCC help managed accounts participants increase operational efficiencies, reduce trade-related costs and risk, and stimulate growth, ultimately benefiting the underlying investor.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more