Nomura Research Institute updates securities back-office system I-STAR/CORE

Maria Nikolova

The solution now helps brokerages comply with the Financial Stability Board’s Standards and Processes for Global Securities Financing Data Collection and Aggregation.

Provider of consulting services and system solutions Nomura Research Institute Ltd (TYO:4307) has announced an update to its regtech solution – I-STAR/CORE in order to enable brokerages comply with international Financial Stability Board (FSB)’s Standards and Processes for Global Securities Financing Data Collection and Aggregation.

The system updates have been completed and NRI has commenced offering the service earlier this year.

FSB’s Standards and Processes for Global Securities Financing Data Collection and Aggregation, published in November 2015, define the data elements for repos, securities lending and margin lending that national and regional authorities are asked to report as aggregates to the global aggregator to detect financial stability risks and develop policy responses. Data required to be reported includes trading details such as date and price, collateral market price, counterparty details, type of contract, and trading purposes.

As a result of this latest system update to I-STAR/CORE, users can now set different collateral management and contract details according to each user company, client, and trade. Using a combination of I-STAR’s existing functions such as contract management, cash collateral and substitute collateral management and account attribute management, the new functionality enables the users to report automatically in compliant with the FSB’s guidelines.

NRI is known for its passion for developing novel technologies. In November 2018, for instance, NRI SecureTechnologies, a subsidiary of NRI, unveiled its “Blockchain Security Monitoring Service”.

The new solution detects and reports security vulnerabilities in information systems and services that use blockchain technology. The first use will be as a monitoring service for smart contracts on Ethereum.

This service is implemented by introducing multiple scan tools in the security log monitoring service “NeoSOC” that NRI already offers. “NeoSOC” monitors the behavior of targeted smart contracts and notifies the company using this service when new vulnerabilities are identified. The company that receives such a notification can avoid an attack by stopping the use of the corresponding programs and system processes.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<