SIFMA

Financial Data Exchange (FDX) Reports 42 Million Consumer Accounts on FDX API to Continue Driving Open Banking

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Monday, October 31, 2022
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The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing.

Key Points: 
  • The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing.
  • Since FDXs last report in June 2022, nearly 10 million additional consumer accounts were transitioned to the FDX API.
  • FDX also reports that API calls have grown to 3.4 billion per month, proving the sustained growth of data usage in the FDX API.
  • FDX API currently defines 660 unique financial data elements allowing consumers to securely use and share a wide range of their own financial data benefiting their financial lives.

Invesco Adds New ETFs To Its Fixed Income Suite That Offers Targeted Exposure to Historically Ignored Fixed Income Sectors

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Monday, September 19, 2022
Income, Fund, NYSE, Risk, Bloomberg Barclays US Aggregate Bond Index, Life, Investment, Maintenance, Bloom, Solution, Alternatives, SIFMA, Prospectus, Multimedia, Index, Security (finance), Financial adviser, Financial services, Invesco, ETF

ATLANTA, Sept. 19, 2022 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), today announced that it is adding two new BulletShares fixed income ETFs to its line-up. These new maturities complement Invesco's robust fixed income ETF suite by providing investors with access to potential revenue-driving sectors of the fixed income market missing from traditional fixed income benchmark1 exposure.

Key Points: 
  • These new maturities complement Invesco's robust fixed income ETF suite by providing investors with access to potential revenue-driving sectors of the fixed income market missing from traditional fixed income benchmark1 exposure.
  • "Invesco offers a suite of fixed income ETFs that specifically aims to access the approximately 58% of the US fixed income market not covered by the constraints of the US Aggregate Bond Index2," said Jason Bloom, Head of Fixed Income and Alternatives ETF Product Strategy at Invesco.
  • "Instead of broad building blocks, Invesco ETFs offer a variety of fixed income ETF solutions in targeted sectors, including bank loans and emerging market bonds, as well as access to the expertise of Invesco's active fixed income managers through ETFs."
  • Investors who are rethinking their fixed income exposure can find representation across key sectors through Invesco's fixed income ETF suite.

Foundation for Financial Planning Announces Ben Harrison as New Board of Trustees Chair

Retrieved on: 
Wednesday, August 3, 2022
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Washington, D.C., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Foundation for Financial Planning (FFP) , a 501(c)(3) nonprofit organization dedicated to expanding access to pro bono financial planning for people in crisis or need,today announced that seasoned financial advisory executive Ben Harrison has been appointed Chair by its Board of Trustees.

Key Points: 
  • Washington, D.C., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Foundation for Financial Planning (FFP) , a 501(c)(3) nonprofit organization dedicated to expanding access to pro bono financial planning for people in crisis or need,today announced that seasoned financial advisory executive Ben Harrison has been appointed Chair by its Board of Trustees.
  • Harrison had previously served as FFPs Vice Chair, or Chair Elect, and will serve as Chair through the end of 2023.
  • He replaces outgoing board Chair, Kate Healy, who stepped down as she assumes a new role as Managing Director of CFP Boards Center for Financial Planning.
  • I am pleased to support FFP as we continue our mission to encourage pro bono financial planning.

Thomas Pluta Appointed Next President of Tradeweb

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Wednesday, July 13, 2022
Software, Data Analytics, Finance, Consulting, Data Management, Professional Services, Technology, Fintech, Culture, Movement, SEC, Capital expenditure, Corporation, Investment banking, Multimedia, Leadership, Yale University, Crédit Agricole Corporate and Investment Bank, S&P Global Ratings, JPMorgan Chase, Hotel manager, GAAP, CEO, Harvard Business School, Foreign exchange market, Economics, TW, Refinitiv, Rate, Nasdaq, JP, Growth, Depreciation, Triple accreditation, Federal Reserve Bank, Industry, DEI, The University Transition Program, SIFMA, Online gambling, Management, Security (finance), Risk management, Tradeweb

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that markets veteran Thomas Pluta has been appointed as its next President.

Key Points: 
  • Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced that markets veteran Thomas Pluta has been appointed as its next President.
  • Lee Olesky, Chairman and CEO of Tradeweb, commented: Tom Pluta is a superb addition to Tradeweb as the company looks ahead to its next phase of growth.
  • Billy Hult, President and CEO-elect of Tradeweb, commented: Tom Pluta is one of the most experienced, skilled and thoughtful leaders in global financial markets.
  • Thomas Pluta, President-elect of Tradeweb, commented: Tradeweb has earned an excellent reputation by collaborating with buyside firms, dealers and other market participants and emphasizing a client-first approach.

FutureFuel Announces CEO Transition and Appointment of Two Directors

Retrieved on: 
Monday, July 11, 2022
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The Company also announced today the appointment to its Board of Paul Anthony Novelly, II (P.A.

Key Points: 
  • The Company also announced today the appointment to its Board of Paul Anthony Novelly, II (P.A.
  • It has been a privilege to serve as CEO of FutureFuel for the past nine years and to work with so many excellent people at the Company, said Tony Novelly.
  • I also look forward to continuing to contribute to the Company in my role as Chairman of the Board.
  • Prior to his joining FutureFuel, Mr. McKinlay was the owner and president of Gilrita Consulting Limited, a U.K.-based independent downstream consultancy firm.

Financial Data Exchange (FDX) Reports 32 Million Consumer Accounts on FDX API to Power Open Banking and Open Finance

Retrieved on: 
Monday, June 27, 2022
Other Professional Services, Software, Data Analytics, Finance, Banking, Data Management, Professional Services, Technology, Fannie Mae, Royal Bank of Canada, TD, Bank, SIFMA, Capital One, Adoption, The Clearing House, Xero, API, Plaid, Growth, Bank of America, Industry, JPMorgan Chase, TD Bank, Wells Fargo, Clearing house, PNC, LLC, USAA, Interac, Truist Financial, Citigroup, Cardinal, Financial management, FDX, MX, Fine chemical, U.S. Bancorp, Experian, Fidelity

The Financial Data Exchange (FDX) today reports that 32 million consumer accounts are now using its FDX API for open finance data sharing.

Key Points: 
  • The Financial Data Exchange (FDX) today reports that 32 million consumer accounts are now using its FDX API for open finance data sharing.
  • Since FDXs last report in January 2022, nearly one million additional consumer accounts per month were transitioned to the FDX API, representing an increase of 4 million additional consumer accounts using the FDX API today.
  • FDX also reports that API calls have grown to 2.9 billion per month, illustrating the continued expansion of data usage in the FDX API.
  • Membership is open to financial institutions, fintech companies, financial data aggregators, consumer advocacy groups, payment networks and other industry stakeholders.

Bloomberg's Tradeable Trackers will Advance Innovation in the Fixed Income Markets

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Thursday, June 23, 2022
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NEW YORK , June 23, 2022 /PRNewswire/ -- Bloomberg announced today the impending launch of Tradeable Trackers, a suite of tradeable indices based on the Bloomberg Fixed Income Indices ("Bloomberg Indices"). 

Key Points: 
  • NEW YORK, June 23, 2022 /PRNewswire/ -- Bloomberg announced today the impending launch of Tradeable Trackers, a suite of tradeable indices based on the Bloomberg Fixed Income Indices ("Bloomberg Indices").
  • The Tradeable Trackers will also support innovation in the fixed income derivatives market via the development of standardized and listed products.
  • These new indices will expand Bloomberg's comprehensive fixed income and derivatives offerings, and will provide clients with the ability to easily gain exposure to these markets.
  • Tradeable Trackers will provide market participants with the ability to hedge their portfolios with capital efficiency while deepening the liquidity in the secondary fixed income markets.

FNZ makes investment in GIST to accelerate sustainable investing globally

Retrieved on: 
Tuesday, May 17, 2022
Sustainable Development Goals, Economics, FNZ, Materiality, Risk management, First Nations in Ontario, Security, Environment, Science, Investment, Goal, SDG, Solution, Founder CEO, UN, Securities Industry and Financial Markets Association, Sustainability, Social capital, Tyler Prize for Environmental Achievement, GIST, Algorithm, Partnership, Awareness, Conference, SIFMA, Technology, Goodwill ambassador, Growth, Exhibition, United Nations, CEO, ESG, Industrial design, Renewable energy, Lithium, Asset management, Financial services, Financial adviser

The investment is part of a wider partnership which sees GIST's data integrated within FNZ Impact, adding to the world leading ESG data currently available within the solution.

Key Points: 
  • The investment is part of a wider partnership which sees GIST's data integrated within FNZ Impact, adding to the world leading ESG data currently available within the solution.
  • As well as supporting GIST's rapid growth and mission, FNZ's investment will build on the existing collaboration between the two companies and forms part of a wider partnership which sees GIST's sustainability data integrated into its market-leading sustainable investment solution, FNZ Impact.
  • By democratising information on the impact of portfolios, FNZ Impact empowers investors, their advisers and wealth managers to contribute to a sustainable future for the next generation through their investment decisions.
  • Pavan Sukhdev, Founder & CEO of GIST, said: "We are delighted to have FNZ as a strategic investor and a partner in our mission.

FNZ makes investment in GIST to accelerate sustainable investing globally

Retrieved on: 
Tuesday, May 17, 2022
Sustainable Development Goals, Economics, FNZ, Materiality, Risk management, First Nations in Ontario, Security, Environment, Science, Investment, Goal, SDG, Solution, Founder CEO, UN, Securities Industry and Financial Markets Association, Sustainability, Social capital, Tyler Prize for Environmental Achievement, GIST, Algorithm, Partnership, Awareness, Conference, SIFMA, Technology, Goodwill ambassador, Growth, Exhibition, United Nations, CEO, ESG, Industrial design, Renewable energy, Lithium, Asset management, Financial services, Financial adviser

The investment is part of a wider partnership which sees GIST's data integrated within FNZ Impact, adding to the world leading ESG data currently available within the solution.

Key Points: 
  • The investment is part of a wider partnership which sees GIST's data integrated within FNZ Impact, adding to the world leading ESG data currently available within the solution.
  • As well as supporting GIST's rapid growth and mission, FNZ's investment will build on the existing collaboration between the two companies and forms part of a wider partnership which sees GIST's sustainability data integrated into its market-leading sustainable investment solution, FNZ Impact.
  • By democratising information on the impact of portfolios, FNZ Impact empowers investors, their advisers and wealth managers to contribute to a sustainable future for the next generation through their investment decisions.
  • Pavan Sukhdev, Founder & CEO of GIST, said: "We are delighted to have FNZ as a strategic investor and a partner in our mission.

Tim O’Hara to Join Corporate & Investment Bank as Head of Banking; Rob Engel Named Chairman of Banking

Retrieved on: 
Monday, April 18, 2022
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Wells Fargo & Company (NYSE: WFC) today announced that Tim OHara will join the Corporate & Investment Bank (CIB) on May 9, as head of Banking.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced that Tim OHara will join the Corporate & Investment Bank (CIB) on May 9, as head of Banking.
  • He will report to Jon Weiss, CEO of the Corporate & Investment Bank.
  • View the full release here: https://www.businesswire.com/news/home/20220418005383/en/
    Tim OHara will join the Corporate & Investment Bank on May 9 as head of Banking.
  • Rob Engel, who has led Banking since 2014 and joined the Company in 2005, will assume the new role of Chairman of Banking.