London
09 March 2017
Reporter: Stephanie Palmer
New TAG team to focus on technology standards
The International Standards Organisation and the Financial Services Committee have formed a new global committee, focused on driving technology and data standards in financial services.

The Fintech Technical Advisory Group (TAG) is intended to provide a proactive dialogue between financial institutions, regulators, the supply chain and financial technology companies, with a focus on driving standards for secure global commerce.

It will act as an advisory entity, providing a platform for dialogue on the growing need for data and technology standards.

Working with fintech communities, including public sector bodies, the group will promote the adoption and implementation of consistent standards; address common issues collaboratively and consistently; and encourage open-minded communication and sharing of information around financial services standards.

The Fintech TAG will be co-charied by Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation, and Nick Cliff, head of emerging technology at the Australian Payments Clearing Association. PJ Di Giammarino, CEO of JWG-IT Group, will act as secretary of the group.

In a joint statement, Wolf and Cliff said: “We look forward to helping the industry take this huge step forward as we provide the platform for the collaboration of internationally-renowned experts in innovative areas such as identity solutions and exchange of regulatory data.”

Di Giammarino added: “At this important juncture where public and private sectors realise the importance of common standards for business as well as regulation, I’m delighted to be able to support this global initiative of top experts.”

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Wolters Kluwer wins Russian reporting mandate
24 March 2017 | Moscow | Reporter: Stephanie Palmer
Nordea Bank Russia is set to go live with the Wolters Kluwer OneSumX Risk and Management Information Systems (MIS) reporting solution
SIX unveils DLT bond issuance solution
17 March 2017 | Zurich | Reporter: Katherine Brown
SIX Securities Services has created a distributed ledger technology solution to cover the entire bond lifecycle, from issuance to settlement, in partnership with Digital Asset Holdings
Asset management IT department’s role will change
15 March 2017 | London | Reporter: Barney Dixon
The IT departments of asset managers may see sweeping changes to their roles in the next 10 years
Cultural battle being waged over data
15 March 2017 | London | Reporter: Barney Dixon
Efficient data management in financial institutions is a cultural battle that is still being fought, heard attendees of the Summit for Asset Management
Robot out of it, say asset managers
15 March 2017 | London | Reporter: Stephanie Palmer
Traditional wealth management providers have nothing to fear from robo advisors, according to panellists at TSAM
Indata upgrades in MiFID II prep
14 March 2017 | Greenwich, Connecticut | Reporter: Stephanie Palmer
Software and technology provider Indata has upgraded its iPM Epic software suite in order to improve functionality ahead of the implementation of MiFID II
FCA and JFSA in innovative partnership
10 March 2017 | London | Reporter: Stephanie Palmer
Financial regulators in Japan and the UK have agreed on a cooperation framework to support financial technology companies in entering each market
More technology news