RMA forms new fintech group with BNY Mellon and State Street co-chairs
04 October 2019 Philadelphia
Image: Shutterstock
The Risk Management Association (RMA) has launched a new financial technology and automation committee to guide the financial service industry’s engagement with and adoption of new technologies while acting as an advocate for best practices.
The committee will be co-chaired by Charles Post, managing counsel and director and head of legal data management and advisory at BNY Mellon and Nickolas Delikaris, global head of trading and algorithmic strategies at State Street.
In its online mission statement, the committee stated its aim is to reduce risk and facilitate financial markets through the understanding, leveraging and implementation of technologies that assist lending, trading, collateral management, funding, clearance and settlement.
According to the RMA, the committee will accomplish this goal through the creation of a forum where members can learn to understand these technologies, their application, and risks, and formulate and drive standards to lower the barrier of entry for members.
Initial committee agenda topics include distributed ledger technology/blockchain, advanced algorithms such as artificial intelligence and machine learning, as well as robotics and new platforms microstructure connectivity.
Via LinkedIn, Paul Guinan associate director at the RMA, said: “Fintech and automation continues to change our industry at a rapid pace and RMA is proud to engage with thought leaders on these topics to help finance professionals meet the challenges that come with evolution.
New co-chair Delikaris said that the RMA will be revealing further details about the committee and looking for new participants at this year’s RMA Securities Finance and Collateral Management Conference, which will be held later this month in Miami.
The committee will be co-chaired by Charles Post, managing counsel and director and head of legal data management and advisory at BNY Mellon and Nickolas Delikaris, global head of trading and algorithmic strategies at State Street.
In its online mission statement, the committee stated its aim is to reduce risk and facilitate financial markets through the understanding, leveraging and implementation of technologies that assist lending, trading, collateral management, funding, clearance and settlement.
According to the RMA, the committee will accomplish this goal through the creation of a forum where members can learn to understand these technologies, their application, and risks, and formulate and drive standards to lower the barrier of entry for members.
Initial committee agenda topics include distributed ledger technology/blockchain, advanced algorithms such as artificial intelligence and machine learning, as well as robotics and new platforms microstructure connectivity.
Via LinkedIn, Paul Guinan associate director at the RMA, said: “Fintech and automation continues to change our industry at a rapid pace and RMA is proud to engage with thought leaders on these topics to help finance professionals meet the challenges that come with evolution.
New co-chair Delikaris said that the RMA will be revealing further details about the committee and looking for new participants at this year’s RMA Securities Finance and Collateral Management Conference, which will be held later this month in Miami.
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