CGS International Securities Implements Broadridge SFCM Solution
Singapore-based CGS International Securities has recently adopted the Broadridge Securities Finance and Collateral Management (SFCM) platform. This innovative SaaS solution is designed for securities finance, catering to both buy and sell-side participants in the securities lending, repo, and collateral trading markets.
Through the implementation of the SFCM platform, CGS International aims to enhance automation, reduce costs, streamline workflows, and simplify exception-based processes. Ademola Olopade, the group head of prime brokerage and wealth solutions at CGS International, emphasized the strategic importance of offering a diverse range of products and services to meet clients’ varying needs.
Darren Crowther, the head of securities finance and collateral management solutions at Broadridge, highlighted the platform’s scalability and adaptability to evolving market dynamics and regulatory requirements. He emphasized the importance of financial institutions being able to respond effectively to market trends and expand their business operations.
Stratasys Acquires Arevo’s Technology Portfolio
In a significant move, Stratasys Ltd., a leading provider of polymer 3D printing solutions, has acquired Arevo’s technology portfolio, including its Intellectual Property (IP) estate. This acquisition includes foundational patents in carbon fiber printing, localized laser melting, in-situ and AI build monitoring, and hardware design.
The acquisition enables Stratasys to enhance its FDM print systems, offering improved isotropy of physical properties in FDM parts. Rich Garrity, Stratasys’ Chief Industrial Business Officer, expressed the company’s commitment to innovation that adds value to manufacturing processes and benefits customers.
This strategic acquisition aligns with Stratasys’ goal of leveraging technology and IP to create practical value for customers, ensuring the company remains at the forefront of additive manufacturing innovation.
Biden Orders Investigation into National Security Risks of Chinese-Made ‘Smart Cars’
Amid growing concerns over national security risks, the Biden administration has initiated an investigation into Chinese-made ‘smart cars’ capable of collecting sensitive information about drivers. The probe aims to assess the potential risks associated with using advanced technology in connected vehicles, particularly in tracking and gathering personal data.
Commerce Secretary Gina Raimondo emphasized the serious national security implications of connected cars, likening them to ‘smartphones on wheels.’ The investigation reflects the administration’s proactive approach to safeguarding Americans’ data and privacy from potential foreign espionage and cyber threats.
