JP Morgan Worldwide Securities Services has launched CARS, an automated platform for daily cash allocation and rebalancing of target date funds – both custom and open architecture – and other complex fund of fund structures. Because any investment product or pool is supported, the platform enables pension sponsors, investment managers and consultants to design and implement customised solutions with flexibility, efficiency and control.
The solution is designed to allow clients to implement a unique allocation strategy (glide path) with any configuration of underlying investments. The platform is scalable and secure with configurable parameters that enable efficient administration and embedded system controls. It is integrated with JP Morgan’s custody, accounting and reporting services.
“The pension industry continues to undergo significant change, driven by the broad and continuing shift of responsibility for retirement savings from plan sponsors to plan participants,” said Mark Kelley, Americas markets executive for JP Morgan Worldwide Securities Services. “By providing an automated rebalancing solution, JP Morgan CARS will enable clients to deliver customised and innovative investment solutions to help achieve better retirement outcomes for their plan participants, reduce costs and mitigate fiduciary risks.”
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