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AllianceBernstein names first-ever chief artificial intelligence officer

The TRADE

“As AI continues to play a critical and transformative role in enhancing AB’s investment-research, operational and business procedures, and improving efficiencies across our corporate functions, we look forward to having an industry veteran like Andrew lead our firm into the future in this newly created role.”

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Banking Compliance – Testing and Monitoring: Open AI’s role in transforming the landscape: Interview with Fintech Expert Kinil Doshi

Global Banking & Finance

Kinil Doshi is a renowned Fintech expert in Banking Compliance and Risk Management, boasting two decades of extensive experience in the financial services and technology sectors. He has played a pivotal role in global corporations in successfully implementing Fintech solutions across various banking verticals.

Bank 40
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DTCC’s FICC launches new public-facing Value at Risk calculator

The TRADE

DTCC has launched a new public-facing Value at Risk (VaR) calculator to help increase transparency for market participants. The calculator enables participants to evaluate potential margin and clearing fund obligations associated with becoming a member of DTCC’s Fixed Income Clearing Corporation (FICC) Government Securities Division (GSD).

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How Merchant Banks Help Businesses Grow and Succeed

Razorpay

Huge corporations have investment banks. Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. Merchant banking is a special branch of banking that provides financial services to medium to small-sized businesses.

Bank 52
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Cboe Clear Europe to introduce clearing service for securities financing transactions

The TRADE

Cboe said it is the only pan-European CCP offering these consolidated services for SFTs in European cash equities and ETFs, and subsequently it expects “to help to bring improved capital efficiencies, enhanced risk management and streamlined operational procedures to this market”.

Finance 75
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People Moves Monday: A series of senior appointments

The TRADE

He also spent several years at Goldman Sachs in a risk management and product control role. Elsewhere in his career, Ortega served as European head of emerging market sales at Santander Corporate and Investment Banking. M&G’s global asset management arm appointed Manabu Fujita as head of M&A Investments Japan.

Sale 64
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BNY Mellon expands collaboration with Microsoft to enhance data platform

The TRADE

“Combining BNY Mellon’s data infrastructure and analytics services with Microsoft’s cloud solutions will provide our buy-side and sell-side clients with a leading data management solution designed to offer deeper insights and actionable data that can help improve their investment performance, distribution reach, and risk management.”