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October 28, 2019

Refinitiv and NRI go-live with automated international post-trade brokerage processing for multi-market and multi-currency securities

BETA and I-STAR/GX integration allows global diversification for North American wealth management firms.

New York – Refinitiv and Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, today announced that North American wealth management firms can now benefit from their strategic partnership announced in 2018.  The partnership enables global diversification for Refinitiv’s retail and institutional clients by including automated international post-trade processing for multi-market and multi-currency securities.

The successful go-live of the software integration of NRI’s I-STAR/GX software platform into Refinitiv’s BETA wealth management brokerage processing platform will benefit wealth management firms by providing automated settlement and straight-through processing of trades executed across all markets. I-STAR/GX allows these processes through a high-volume solution with single-stock record across all asset classes and markets, and real-time updates of intra-day transaction status changes across the settlement lifecycle.

Joe Mrak, Global Head of Wealth Management, Refinitiv, said: “As investment opportunities for wealth management customers grow the world becomes a smaller place, and as those customers gain multi-market access, they also have to face greater regulatory scrutiny. Our fully-automated solution allows for greater transactional efficiency and transparency in custodianship management, and for a stronger compliance environment through mitigated risk and reduced errors.”

April Rudin, CEO of The Rudin Group, said: “The ongoing growth of any wealth management business depends on its ability to meet the evolving needs of its clients fuelled by advances in digital technology, transparency and the perpetual search for alpha. Refinitiv and NRI’s automated international post-trade brokerage solution will drive a host of benefits by providing greater transparency and speed of service for settlements and clearings.”

Naohiro Sako, Senior Corporate Managing Director, NRI, said: “NRI is consistently working to assure that our solutions incorporate market leading automation and processing technology to best allow our clients to meet customer demand in an era of digital transformation. We are excited to announce the completion of this implementation alongside Refinitiv, as it marks a milestone for service delivery for wealth management brokerages.”

Refinitiv has a rich history of servicing the wealth management industry from front to back office. Over the last year, the firm has invested heavily in the business and is committed to bringing the most advanced solutions to the market. The ongoing transformation includes building out the firm’s digital solutions by strengthening its wealth portal with widget capabilities and through strategic partnerships such as: SigFig, MarketPsych, Appway, StoneCastle and Sberbank to add Digital Advice Technology, MarketPsych Indices, Automated and Customized Advisory and End-Client Workflows, and Enhanced Cash Management Solutions to clearing and self-clearing broker-dealer clients. 

Refinitiv Wealth Management solutions provide seamless integration across front, middle, and back office workflows. To learn more about Refinitiv Wealth Management, visit here or link: https://www.refinitiv.com/en/wealth-management.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.refinitiv.com

About NRI

NRI (Nomura Research Institute, Ltd.), founded in 1965, delivers innovative solutions to your problems by providing insight-driven research, consulting and managed services. Leveraging our expertise, NRI caters to a wide range of operational needs of the international financial services community to establish new industry standard service. NRI empowers clients with a team of 13,000 skilled professionals in more than 50 offices globally.

For more information, visit https://www.nri.com/fit

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Contacts

Lemuel Brewster Refinitiv
Senior PR Director
Office +1 646-223-5147
Mobile +1 917-805-1089
Lemuel.brewster@refinitiv.com

Sayaka Takeda
Nomura Research Institute America,
Inc. +1 212-636-0539 sayaka.takeda@nria.com