The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:American Century and Northern Trust Test a Data Platform Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 30, 2023

American Century and Northern Trust Test a Data Platform

News summary by MFWire's editors

Two mutual fund firms are among the six firms in the first round of testing a new, blockchain-based data platform.

American Century and Northern Trust both recently participated in what Swift executives are calling a successfully test of their new platform for helping asset managers track corporate action reports. The Swift team released a 15-page report earlier this mont. Our sister publication CeFiWire dug into the news last week.

Six asset managers participated in the platform test, according to the Swift folks. They revealed three of those asset managers: Northern Trust, American Century, and Citi.

Jonthan Ehrenfeld, securities strategy director at Swift, states that fund firms could receive up notifications (sometimes containing conflicting or even contradictory) from up to 100 sources on a single corporate event like a merger or dividend payment. Sorting through and cleareing up all that is where Swift's platform is meant to come in.

"Our experiments harnessed the power of blockchain technology to give all market participants a single, accurate view of a corporate action event," states Tom Zschach, chief innovation officer at Swift. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use