All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.
Acuti report has found that cost, interoperability and workflow complexities are all encouraging firms to decrease the number of post-trade vendors they use.
FIS survey has shown that more sell-side firms believe mergers are an effective growth strategy than before the COVID-19 pandemic.
ErisX partnership with FIS will allow investors to process crypto futures through existing back-office workflows.
Itiviti completed its merger with Ullink last year and recently undertook a year of integration of both entities.
Sell-side study by FIS finds 39% of firms expect front office functions to be outsourced by 2020.