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
InvestCloud builds on digital platform
17 November 2017 | Los Angeles | Reporter: Stephanie Palmer
Financial technology provider InvestCloud has added a new portfolio management tool to its digital platform
Citi pilots new platform for proxy voting
14 November 2017 | London | Reporter: Jenna Lomax
The platform, which is supported by Computershare, will be initially rolled out in the UK for the 2018 proxy season
WTW’s AMX chooses InvestCloud to boost asset management platform
07 November 2017 | London | Reporter: Stephanie Palmer
InvestCloud has been selected by Willis Towers Watson’s Asset Management Exchange to provide a digital interface to connect asset owners and management
R3 and SIA push for blockchain ecosystem
07 November 2017 | London | Reporter: Theo Andrew
The partnership will aim to speed up the global development of blockchain through SIAnet’s network of 600 nodes, provided to financial institutions, corporates and public administrations
BNP Paribas goes live on ASX corporate actions service
03 November 2017 | Sydney | Reporter: Stephanie Palmer
The new service offers straight-through delivery of corporate actions announcements, getting information to clients within seconds of the announcements being made
Lombard Risk provides regtech solution to OneSavings
01 November 2017 | London | Reporter: Jenna Lomax
The introduction of the programme at OneSavings Bank will help to streamline regulatory reporting, data management and analytics, according to Lombard Risk
DTCC enhances its European GTR for SFTR
25 October 2017 | New York | Reporter: Jenna Lomax
The new bolstered SFTR offering will be a significant addition to the existing reporting capabilities, affecting 45 regulators around the world who have access to GTR data
More technology news