With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
The IZNES platform, based on blockchain technology, allows investors, asset management firms, distributors and wealth management advisors to quickly access fund units, while connecting firms with investors
The acquisition is expected to provide positive returns on capital, as well as enhance Nasdaq's Global Information Services business by allowing the stock exchange to broaden its reach into the buy side
The consultative document said banks and banking supervisors have a responsibility to maintain the same level of risk management control standards, despite of their increasing reliance on fintech
A fundamental front-to-back operational shift is needed to best fulfil investment objectives in an increasingly challenging market, according to Mark Baker, product manager at SimCorp