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.

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