I-Bytes Financial services Industry

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I-Bytes
Financial Services
June Edition 2020
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates..................................................................................................................................................3
3. Rewards and Recognition Updates..................................................................................................................17
4. Partnership Ecosystem Updates.......................................................................................................................21
5. Miscellaneous Updates......................................................................................................................................32

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Financial, M & A Updates
Financial Services Industry

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Financial, M&A Updates
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CIT (USA) Provides $37.3 Million Investment for Jordan Downs Apartment Project
CIT and its Pasadena-based banking subsidiary CIT Bank, N.A. Announced a $37.3
million investment in the Jordan Downs Apartments Project, a 92-unit multifamily
apartment complex to support low-to-moderate income families in the Watts
neighborhood of Los Angeles. Jordan Downs is the third phase of a larger redevelopment
project taking place to improve the area. Of the 92 units, the complex will include 23
one‐bedroom units, 41 two‐bedroom units, 24 three‐bedroom units and 4 four‐bedroom
units. Seventeen apartments will be designated for residents with physical disabilities
and hearing or visual impairments. CIT is a leading national bank focused on
empowering businesses and personal savers with the financial agility to navigate their
goals. CIT Group Inc. is a financial holding company with over a century of experience
and operates a principal bank subsidiary, CIT Bank, N.A. The company's commercial
banking segment includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring, railcar financing,
treasury and payments services, and capital markets and asset management. CIT's
consumer banking segment includes a national direct bank and regional branch network.
Executive Commentary
"During these challenging times, our communities need affordable housing more
than ever," said President of Consumer Banking. Our financial commitment to the
Jordan Downs Apartment Project will help break down barriers and spark
transformative change across the Watts neighborhood."
Description
1

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Financial, M&A Updates
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Franklin Templeton (USA) Acquires Digital Wealth Leader AdvisorEngine
Franklin Resources, Inc., a global investment management organization operating as
Franklin Templeton, announced that it has acquired AdvisorEngine Inc., a digital wealth
platform and provider of technology and consulting services to more than 1,200 financial
advisory firms in the United States that manage over $600 billion in assets. The
transaction brings compelling benefits to both companies and the firms they serve across
wealth management channels, including registered investment advisors, broker dealers,
banks and insurance companies. AdvisorEngine will work closely with Franklin
Templeton to co-create new proprietary solutions, including goals-based financial
planning tools, digital portfolio construction analytics and research-enabled practice
management services to help financial advisors enhance their wealth management
offerings. AdvisorEngine will continue to build out its financial experience platform,
which brings together advisor experience, business operations experience and client
experience in one place. The platform powers client relationship management, portfolio
management, and reporting, marketing and digital wealth solutions for financial advisory
firms.
Executive Commentary
“We’re in the midst of the fourth industrial revolution, and technological advances
are reshaping how financial solutions are delivered, said President and CEO of
Franklin Templeton. As a result, we continue to invest in technology and teams to
enhance our offerings and enable us to innovate at the nexus of asset management,
wealth management and technology. I’m excited to welcome the AdvisorEngine
team to Franklin Templeton and look forward to what we will achieve together.”
Description
2

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Solutions Updates

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Aon (UK) Launches New Remote Work Domain for Cyber Quotient Evaluation Tool
3
Solution Description
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced a new Remote Work domain
for its award-winning Cyber Quotient Evaluation Tool, a proprietary web-based evaluation tool to help organizations baseline cyber security maturity. The
Remote Work domain was created for users to better understand their cyber vulnerabilities and potential security fallouts that have been increased due to the
quick adaptation to a remote workforce, as a result of the spread of COVID-19.
The new critical controls covered in the Remote Work domain include:
• Remote Connectivity: Safely connect from non-corporate locations to business information systems, applications and data
• Authentication & Identity: Identify and control access to the required and relevant systems
• Device Vulnerability & Monitoring: Secure remote devices from the latest known vulnerabilities with regular updates and security monitoring
• Remote Business Continuity: Back up information from remote clients and maintain business continuity in the event of large-scale remote working
• Remote Security Awareness: Educate business and technology users on relevant cyber security risks and how to safeguard themselves appropriately based
on their remote working environments

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Solution Updates
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Aon (UK) Releases Enhanced Platform for Managing Workers’ Compensation Risk
4
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released the new version of Aon Spectrum
Analytics®, an industry-leading workers’ compensation cost management tool. Aon has enhanced its client delivery to integrate world-class broking with
impactful Total Cost of Risk (solutions. Aon Casualty LaserTM, a patented industry-leading casualty diagnostic that identifies retained loss costs savings, and Aon
Spectrum Analytics® will now be included as part of the service delivery for eligible Casualty clients. This updated product provides risk leaders with an
interactive workers’compensation claims dashboard that utilizes Aon’s Casualty LaserTM benchmarking results with leading advisory consultation to identify cost
savings opportunities and monitor the performance of pre- and post-loss Total Cost of Risk mitigation strategies.
Enhancements include:
• Web-based version leverages Aon’s Sophi Client platform
• Deeper data drill down and added loss profiles to drive more prescriptive actions
• Online calculator to quantify savings and prioritize initiatives
• Establishes, saves, and tracks performance goals for 12 and 36 months in rolling quarterly views
• Excel and PowerPoint export functions

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Solution Updates
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Aon (UK) Announces MGA Featuring the World's Largest Capacity for Intellectual
Property Liability Risks
4
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced the establishment of a new underwriting platform featuring the
world's largest known delegated capacity for intellectual property liability risks. It is the latest offering from Aon to meet the changing needs of clients' intellectual property exposures,
especially in this distressed economic environment. Ian Lewis, a recognized underwriter in the field of IP, recently joined Aon to spearhead the development of a strong, market-leading
underwriting team and the creation of a portfolio of innovative risk transfer solutions for IP and other intangible asset risks to be offered by this Managing General Agent.
This milestone opens the first phase of development for Aon's IP MGA with an IP Liability solution featuring:
• Primary limit of indemnity of up to $100 million
• Policies placed on an annual, claims-made basis that can include coverage for contractual indemnities to customers/licensees
• Coverage options for third-party infringement defense, including certain litigation costs, damages and loss mitigation
• Coverage that can be underwritten on a comprehensive portfolio or selected products/IP basis inclusive of patents
• Coverage automatically includes suits from competitors, Patent Assertion Entities, Non-Practicing Entities and copyright trolls
• Coverage available with worldwide territorial and jurisdictional limits
• Coverage option for Trade Secret Misappropriation
• Target markets include businesses of all sizes from SMEs to multi-national corporations in North America, Europe, Australia, New Zealand and parts of Asia

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Solution Updates
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BlackRock (USA) Builds Investment Solution that Provides a Paycheck throughout
Retirement
6
BlackRock is announcing a ground-breaking solution designed to provide millions of American workers with simplified access to lifetime
income throughout their retirement. In a major step forward, BlackRock has enlisted two leading insurers, Equitable and Brighthouse
Financial, in the effort. Designed to be provided through employers’ defined contribution plans, the new investment solution, called
LifePath PaycheckTM, aims to reimaging retirement by combining an innovative investment solution that helps protect workers’ nest
eggs with an integrated digital experience for participants that leverages the security and scale of the Microsoft Azure cloud platform. The
investment solution is a target date strategy that will include an allocation to innovative annuity contracts, over time. In a significant
breakthrough for the industry, these annuity contracts, to be issued by Equitable and Brighthouse Financial,1 will not limit the daily
liquidity of the target date strategy and will provide plan participants with the option to use a portion of their plan account balance at
retirement to purchase fixed individual retirement annuities from the insurers that will provide guaranteed lifetime income. The solution
will be available to U.S. employers to provide to their employees through their defined contribution retirement plans.

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Solution Updates
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CME Group (USA) to Launch Options on Micro E-mini S&P 500 and Micro E-mini
Nasdaq-100 Futures
7
CME Group, the world's leading and most diverse derivatives marketplace, announced it will launch options on its Micro E-mini S&P 500 and Micro E-mini Nasdaq-100
futures contracts. The new options will be available for trading in the fall of 2020, pending regulatory review. Successful options contracts require a robust, liquid
underlying futures market. Since launching one year ago, Micro E-mini Equity futures have rapidly developed round-the-clock liquidity and become the most successful
new product in CME Group's history. Options on the Micro E-mini S&P 500 and Micro E-mini Nasdaq-100 futures will be 1/10th the size of their E-mini options
counterparts. The listing cycle for the new options will consist of five Friday weekly options, three end-of-month options and two quarterly options contracts. As the
world's leading and most diverse derivatives marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently manage risk and capture opportunities.
Some highlights include:
• 243 million cumulative contracts traded across all four indices – S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average – including 120 million Micro
E-mini S&P 500 and 87 million Micro E-mini Nasdaq-100 futures contracts,
• 913,000 contracts traded across all four products on average each day,
• 27% of trading volume originated outside of the U.S., and
• 155,000+ unique accounts have traded these contracts.

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Solution Updates
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Fannie Mae (USA) Launches "Here to Help" Education Effort
8
Fannie Mae launched "Here to Help," an education effort to connect U.S. homeowners and renters with tools and resources to
navigate the available options if they experience a financial hardship due to COVID-19. The "Here to Help" online portal at
KnowYourOptions.com features informative videos, fact sheets, mortgage loan and apartment rental lookup tools, and other
resources to equip homeowners and renters with the information they need to successfully navigate their options. The portal also
provides mortgage servicers and lenders with tools to better assist their customers. This includes clear explanations of
forbearance, repayment options after forbearance, and training videos for loan servicers. Through "Here to Help," homeowners
and residents of multifamily rental properties with a Fannie Mae-backed mortgage can access HUD-approved housing counselors
via the Disaster Response Network. Fannie Mae finances about one-in-four homes and one-in-five multifamily mortgage loans
in the United States.

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Solution Updates
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Freddie Mac (USA) Launches Digital Tool to Help Renters Determine Protections from
Eviction
9
Fannie Mae launched "Here to Help," an education effort to connect U.S. homeowners and renters with tools and resources to
navigate the available options if they experience a financial hardship due to COVID-19. The "Here to Help" online portal at
KnowYourOptions.com features informative videos, fact sheets, mortgage loan and apartment rental lookup tools, and other
resources to equip homeowners and renters with the information they need to successfully navigate their options. The portal also
provides mortgage servicers and lenders with tools to better assist their customers. This includes clear explanations of
forbearance, repayment options after forbearance, and training videos for loan servicers. Through "Here to Help," homeowners
and residents of multifamily rental properties with a Fannie Mae-backed mortgage can access HUD-approved housing counselors
via the Disaster Response Network. Fannie Mae finances about one-in-four homes and one-in-five multifamily mortgage loans
in the United States.

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Solution Updates
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Interactive Brokers (USA) Launches Largest No-Load Mutual Fund Marketplace
10
Interactive Brokers launched a Mutual Fund Marketplace that offers availability to more than 25,000 mutual funds, including over 21,000
no load and 8,300 no transaction fee funds, from more than 290 fund families. The marketplace is available to clients in over 200
countries and territories. Their offering includes many prominent fund families, including funds from Allianz, American Funds,
BlackRock, Fidelity, Franklin Templeton, Invesco, MFS and PIMCO.
In addition:
• Unlike most firms, we do not charge a custody fee for offshore funds.
• Fee funds outside the US charge € 4.95 (or equivalent).2
• The Marketplace is fund agnostic and includes products exclusively from outside companies.
• Fund value is included in equity with loan value to increase client margin buying power.

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Solution Updates
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MASTERCARD (USA) Launches Recovery Insights Initiative to Inform Business and
Government Economic Response Efforts
11
Mastercard has launched Recovery Insights, a set of tools, innovation and research that can provide some certainty and support data-driven
decision-making for a more digital tomorrow. The initiative draws on Mastercard's analytics and experimentation platforms, its longstanding
consulting practice and unique data-driven insights. As part of this initiative, Mastercard is making certain insight-driven tools available at no cost
to governments and select businesses to give a timely snapshot of economic performance. These solutions draw on aggregated and anonymized
spending insights to provide an ongoing view of economic health. To assess the local effects of COVID-19 and build a foundation for an inclusive
recovery, dozens of cities, states and national governments are now using Mastercard tools. These solutions help inform budget planning, optimize
aid disbursement, understand which merchants are open for business, and prioritize investment to support those most impacted by the pandemic.
Meanwhile, U.S. small business owners are using the tools to better understand local consumer spending trends, while central banks around the
world are collaborating closely with the Mastercard Economics Institute to better understand changing market conditions through regular COVID
economic impact trackers.

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Mastercard (USA) Track™ Business Payment Service Launches in the U.S., Brings Efficiency
Gains and Faster Access to Working Capital to Suppliers and Buyers
12
Mastercard is making that vision a reality by announcing the commercial launch of Mastercard TrackTM Business Payment Service. It offers
greater control over payments and richer data exchanges that enable automated reconciliation for Suppliers and application of all payment options
approved by Suppliers. B2B payments can now work harder, faster and smarter for businesses. This launch brings improved efficiency and
working capital management to Buyers and Suppliers of all sizes, which is more necessary than ever in the current economic environment. Track
Business Payment Service enables Buyers and Suppliers to manage their payments more efficiently – resulting in better outcomes for both parties.
Suppliers can systemically manage how they get paid for different invoices for different Buyers. Buyers can optimize and automate efficiencies in
paying Suppliers with improved reconciliation to manage cash flow and capture early payment discounts. All of this is managed through a single
platform that minimizes the need for manual and time-consuming back-and-forth between Buyers and Suppliers. Further efficiencies are realized
through the provision of rich remittance data with every payment, allowing Suppliers to reduce time and labor spent on reconciliation and on
making inquiries to their Buyers.

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Solution Updates
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Morgan Stanley (USA) to Launch Wealth Management in Canada as Part of its
Leading Workplace Offering
13
Morgan Stanley announced its plan to launch Morgan Stanley Wealth Management Canada, a full-service wealth management offering
to complement the existing Shareworks by Morgan Stanley stock plan administrative services it provides to executives and employees
who reside in Canada (subject to regulatory approval). Morgan Stanley has selected Canaccord Genuity as its local platform provider to
support the deployment of this new business. Morgan Stanley acquired Calgary-based Solium Capital Inc. (rebranded Shareworks by
Morgan Stanley) in May 2019 and formed the Morgan Stanley at Work suite of financial solutions. Shareworks by Morgan Stanley has
been operating in Canada since 1999 and services more than 350 Canadian Companies, comprising over 70% of the companies listed on
the TSX60. Its client base includes more than 275,000 Canadian stock plan participants who hold more than US$17.5 billion in assets.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management and wealth
management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations,
governments, institutions and individuals.

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SEI’s Advisors’ Inner Circle Fund (USA) Expands Platform to Service Auction
Funds
14
SEI announced its Advisors’ Inner Circle Fund® Trust platform now provides asset managers the opportunity to launch Auction Funds within its turnkey
operational infrastructure. The AIC platform’s expansion allows managers to efficiently launch Auction Funds, a new investment structure designed to
provide financial advisors and accredited investors with access to private market assets, including private equity, real estate, infrastructure and private credit.
Registered under the Investment Company Act of 1940, Auction Funds provide investors with an opportunity to periodically sell their shares through an
auction process offered by Nasdaq Private Market. This feature addresses the disadvantages of generations of “interval-like” funds, such as performance cash
drag, redemption gates and infrequent liquidity options. Auction Funds also provide asset managers in private markets a unique opportunity to operate
continuously offered permanent capital funds for both institutional and accredited investors. Similar to its services supporting mutual funds, ETFs and
closed-end funds, the AIC will provide asset managers seeking to launch an Auction Fund the opportunity to leverage SEI’s flexible operating structure and
service solution. The platform includes an independent board of trustees and a scalable infrastructure that encompasses fund administration, accounting,
compliance and investor servicing. Since its inception, the AIC platform has grown to represent one of the nation’s largest series trusts with more than $62
billion in assets across 132 funds on behalf of 46 investment advisors as of March 31, 2020.

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TD Ameritrade (USA) Adds thinkorswim Web for Seamless Online Trading
Experience
15
TD Ameritrade is bringing its award-winning thinkorswim® trading platform to your web browser with thinkorswim Web, a new addition to the thinkorswim
suite of platforms. Retail traders can now access thinkorswim equity and derivative trading from any modern internet browser on a new streamlined platform.
As macroeconomic conditions drive unprecedented volatility, TD Ameritrade is fulfilling its clients’ desire to access thinkorswim technology with a fully
synchronized experience on any device, wherever they may be. According to a survey conducted by The Harris Poll on behalf of TD Ameritrade, 60 percent
of traders say they need access to their trading accounts 24 hours a day, seven days a week.i This need may cause friction for traders in households where
homeschooling and other factors are causing family members to share computers or mobile devices more than usual, making the ease of a web-based
platform even more important.
Highlights of the online platform include:
• Clean interface: Functionality most critical to a trade is placed front-and-center, allowing for quicker, more intuitive trading.
• Preconfigured trade strategies:Set up any trade, from a simple stock trade to a multi-leg options trade, with one click of a button.
• PaperMoney®: Test out new trading strategies risk-free with thinkor

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Voya Financial (USA) launches new Leave Management solution to help employers
simplify administration of paid-time-off benefits
16
Voya Financial, Inc., announced that its Employee Benefits business has launched a new Voya Leave Management offering to deliver a
fully integrated service to make the process easier for employers to manage paid time off for their workforce, while providing their
employees with a high-touch, proactive customer service experience. Voya is actively selling this comprehensive leave management
solution, and it will be available to workplace clients and their employees effective. The landscape for U.S. businesses trying to manage
paid time off for their workforce is complex. In addition to adhering to their own company leave policies, employers must comply with
federal and state provisions — for example, like the Family and Medical Leave Act and the Americans with Disabilities Act as well as
constantly monitor pending legislation. For perspective, more than 30 states currently have active Paid Family and Medical Leave
legislation,2 which has led to large employers increasingly looking for support from outside benefits providers. Industry research1 shows
that almost half of companies with 1,000 or more employees outsource their FMLA administration, which is up from 35% in 2014.

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Rewards & Recognition Updates

R & R Updates
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AMERIPRISE Financial (USA) Named “Top Performer” in Customer
Satisfaction Ratings
17
AMERIPRISE Financial announced that it has been named a top performer in the 2020 Wants & Pricing customer satisfaction report
conducted by independent research and benchmarking company Hearts & Wallets. The annual survey asked more than 5,000 households to
rate their financial firms based on service dimensions that customer most value. Ameriprise garnered top performer status in “unbiased, puts
my interest first,” “explains things in understandable terms” and “understands me and shares my values.”To develop the Wants & Pricing
report, Hearts & Wallets collected customer ratings on over 100 firms. Of these companies, Hearts & Wallets analyzed 24 national financial
services providers – leading broker-dealers, banks and retirement platforms – to identify institutions that achieve top-level service ratings
from their customers. In order to be designated as a top performer, a firm must receive distinctly high customer ratings. At Ameriprise
Financial, they have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset
management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and
expertise to serve the full range of individual and institutional investors' financial needs.
R&R Description

R & R Updates
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BlackRock (USA) Awarded Investor of the Year at the Environmental
Finance 2020 Bond Awards
18
BlackRock has been recognized as the Investor of the Year by the annual Environmental Finance Bond awards. These awards focus on
companies paving the way in the green, social and sustainability bond markets. In January 2020 BlackRock published an Open Letter to
Clients, informing them of the firm’s commitment to helping clients on their journey of sustainable investing. This award is, in part,
recognition of that commitment, which included several initiatives to place sustainability at the centre of BlackRock’s investment approach.
The initiatives announced included joining Climate Action 100+, reducing exposure to thermal coal in active investments and an ambition to
double ESG ETFs to 150 over the next few years. These initiatives built on the November 2019 paper from the BlackRock Investment
Institute, 'Sustainability: the bond that endures’, which highlighted that, as ESG investing was spreading to all pockets of the fixed income
markets, evidence that a focus on sustainability-related factors could help investors build more resilient portfolio was building. That same
month, recognizing client interest in integrating ESG criteria in fixed income solutions, BlackRock launched Europe’s first high-yield bond
ESG ETF. BlackRock currently manages $28bn* in sustainable fixed income AUM across commingled funds and separate accounts.
R&R Description

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CIT (USA) Wins Three Stevie® American Business Awards
19
CIT Group Inc. announced that it has won three Stevie® American Business Awards for business excellence. The awards include a Gold award for
Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of
the Year. CIT's Gold award for achievement in banking management was received for the leadership of CIT's Power and Energy team in financing
renewable power projects and utility-scale battery storage projects across the U.S. The Silver award for FinTech Solution was won by CIT's Small
Business Solutions unit for its point-of-sale lending platform, a B2B digital solution that offers customers real-time financing for their purchases.
CIT's Silver award for Corporate Social Responsibility Program of the Year in the large business category came in recognition of CIT's One
Million Meals campaign, a partnership with Feeding America® that brought customers, employees and social media followers together in the fight
against hunger. In its second year, the campaign ultimately exceeded its original target by 50% to deliver 1.5 million meals to people in need. The
Stevie American Business Awards are the premier business awards program in the U.S. More than 3,600 nominations from organizations of all
sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.
R&R Description

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Morgan Stanley (USA) Bank, N.A receives “Outstanding” Rating for Community
Reinvestment Accomplishments for Sixth Consecutive Time
20
Morgan Stanley Bank, N.A., a national bank subsidiary of Morgan Stanley, has been recognized with the highest rating from the Office of the
Comptroller of the Currency for its work meeting the credit needs of the communities it serves. The Firm received a rating of “Outstanding” for
the Bank’s community reinvestment activities for the sixth consecutive time, and the fourth since being examined by the OCC. The associated
evaluation report from the OCC, an independent bureau in the United States Department of the Treasury, highlights several of the Bank’s initiatives
focused on preserving affordable housing and expanding community services. The Performance Evaluation noted the Bank’s leadership role in
working with a national foundation to better understand the affordable housing and community development landscape, to illuminate gaps in
capital deployment, and to develop potential solutions. The evaluation commends the Bank’s innovation and responsiveness to community needs.
The OCC noted that the Bank leverages Morgan Stanley’s investment banking expertise to enhance community development outcomes. Programs
cited included the use of private equity funds to help mission-oriented sponsors acquire and stabilize multifamily rental properties, and to extend
affordability protections and fund services for residents.
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Partner Ecosystem Updates

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CIT Group Inc. (USA) Lenovo Extends Financial Services Program with CIT
21
CIT Group Inc. and Lenovo announced a three-year program extension to their Lenovo Financial Services program, continuing the
decade-long relationship. Under the extension, CIT will continue to provide a broad range of vendor financing solutions for U.S. clients and
customers who utilize Lenovo's extensive range of technology products and services. Through the Lenovo Financial Services program, CIT
offers solutions for commercial customers seeking to lease or finance Lenovo's advanced technology products and services. CIT supports all
of Lenovo's direct and indirect sales channels, from small business e-commerce to Fortune 100 clients. Options range from traditional fair
market value leasing and loan products to integrate managed service offerings. CIT is a leading national bank focused on empowering
businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. is a financial holding company with over a
century of experience and operates a principal bank subsidiary, CIT Bank, N.A. The company's commercial banking segment includes
commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing,
treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank
and regional branch network.
Description

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BrokerTec (USA) and TriOptima Collaborate To Deliver First End-To-End Repo
Workflow Solution
22
BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets, and TriOptima, a leading infrastructure
service that lowers costs and mitigates risk in OTC derivatives markets, announced that they have collaborated to deliver the industry's first end-to-end repo
workflow solution for industry participants. This provides full automation across the lifecycle of a repo trade. Connecting the BrokerTec Quote
dealer-to-client Request for Quote trading platform with triResolve enables clients to enrich a trade from the point of execution with a unique trade identifier,
before sending it for reconciliation. This means firms can more easily track and correct any back-office trade and evaluation mismatches in client systems,
before reporting the trade data to the repository. BrokerTec Quote launched in the second quarter of 2019 and provides market participants with a more
intuitive and efficient means of trading repo across European Sovereign Debt, UK Gilts, General Collateral, Supranational and Agencies in the EU 27.
BrokerTec intends to expand the service to US Treasuries and other product sectors in Q3 2020. As the world's leading and most diverse derivatives
marketplace, CME Group enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market
participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products
across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.
Description

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Deutsche Börse (Germany) enters partnership with Chinese data provider Wind
23
Deutsche Börse and Wind, the leading financial data provider in China, have teamed up to offer Chinese investors a gateway to
the European market. This initiative, driven by market demand, enables easier access to European markets for domestic
institutional investors based on market data and services offered by Deutsche Börse and its derivatives exchange Eurex. China is
a very important market for Deutsche Börse Group. The international exchange organization and market infrastructure provider
has already established partnerships with several Chinese exchanges, among them Shanghai Stock Exchange and China Financial
Futures Exchanges as well as several institutions such as the China Futures Association and the Asset Management Association
of China . In December 2018, the derivatives exchange Eurex extended its trading hours for selected liquid futures to cover the
Asian time zone and serve the increasing demand from Asia. Eurex has also received fully-fledged clearing licenses in Singapore
and Japan, and is applying to offer clearing services in Hong Kong.
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Deutsche Börse (Germany) and SAP set new standards with cloud usage in compliance
with regulatory requirements for the financial industry
24
Deutsche Börse and SAP are setting new standards for the digitization of processes within the financial industry. The framework for cloud
infrastructure and services developed jointly by the two partners can serve companies throughout the industry as a reference to use cloud
technology in a strictly regulated environment in compliance with regulatory requirements. They allow for quicker rollout and drives
innovation within the cloud. Deutsche Börse is the first company in the financial services sector to consistently implement SAP's
Intelligent-Enterprise approach across the board, transferring its core business processes to the latest cloud-based generation of SAP
business software. This includes customer relationship management, analysis tools, and solutions for human resources, procurement,
temporary employment and business travel management. The use of integrated corporate services and adoption of cloud technology plays
an essential part in implementing the digitization of processes on a large scale. Within Deutsche Börse’s business areas, as in many other
companies in the financial industry, consistency and real-time data availability are key when it comes to process integration.
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HKEX (Hong Kong) Signs Agreement with MSCI to License Indexes To Launch
Asia And Emerging Markets Futures And Options Contracts
25
Hong Kong Exchanges and Clearing Limited is pleased to announce that its wholly owned subsidiary, Hong Kong Futures Exchange
Limited, has signed a major licensing agreement with MSCI Inc., a leading provider of mission critical decision support tools and services
for the global investment community, to license a suite of MSCI indexes in Asia and Emerging Markets for the introduction of futures and
options contracts in Hong Kong. The introduction of the 37 futures and options contracts remain subject to regulatory approvals and
market conditions. HKEX will inform the market of the launch dates of the contracts and provide detailed product specifications once the
launch dates have been confirmed. This agreement will notably expand HKEX’s existing relationship with MSCI, following the
successful launch of MSCI Asia Ex-Japan Index futures, and last year’s joint announcement on the planned launch of MSCI China A
Index futures. This agreement further anchors HKEX and MSCI’s commitment to the global trading community and to their long-term
product development and innovation programme in the region.
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Mastercard (USA) Joins ID2020 Alliance
26
Mastercard announced that it will join the ID2020 Alliance, a global multi-stakeholder partnership dedicated to enabling everyone to have access to a
viable and trusted form of legal identity. With the recent implementation of social distancing around the world, our digital dependency has become even
greater. Individuals are signing up and logging in to a range of digital services – social media, entertainment streaming, telemedicine and remote
learning, to name just a few. The collaboration with ID2020 builds on Mastercard’s commitment to improve how people manage and use their digital
identity and follows the publication of the company’s model for digital identity in an increasingly connected world. The model is founded on
user-centric principles such as data ownership, confidentiality, consent and transparency, and embodies privacy-by-design. As they accelerate towards
more digital interactions and the verification associated with that, managing this rapid shift holistically and responsibly is crucial to ensure that no-one
is left behind. Mastercard recognizes that holding a viable and trusted digital identity will allow everyone to connect and realize the opportunities
presented by their increasingly digital world. By joining the ID2020 Alliance, who are strong advocates for digital identity in developing markets, both
companies believe their collective technologies; networks and connections can better bridge the gap and provide viable solutions for everyone.
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Camila Cabello Joins Mastercard (USA) Roster Creating Digital Priceless
Experiences
27
Mastercard is partnering with its global ambassadors to craft unique experiences for at-home enjoyment. The company is taking its
expertise in building physical events and bringing them online in a series of global Digital Priceless Experiences, at a time when
connecting to our passions – like music, sports and culinary – is more important than ever. Mastercard is partnering with its global
ambassadors to craft unique experiences for at-home enjoyment. The company is taking its expertise in building physical events and
bringing them online in a series of global Digital Priceless Experiences, at a time when connecting to our passions – like music, sports
and culinary – is more important than ever. Experiences span the globe and passion areas, all featured on Mastercard’s experiential
lifestyle hub Priceless.com. People can enjoy intimate acoustic musical performances, gameplay insights from the pros, private cooking
lessons from celebrity chefs, training sessions with renowned fitness experts, behind-the-scenes tours of some of the world’s most famed
destinations, and more. Visitors can also access additional exclusive content from celebrities, experts and ambassadors on the site.
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Mastercard (USA) and Enel X to Establish Fintech-Cyber Innovation Lab in
Israel
28
Mastercard and Enel X are launching a new lab in Israel to advance innovations in financial technology and cyber security for the payments and
energy ecosystem globally. The lab will partner with start-up companies to test and develop products and solutions, with a particular focus on
digital security, fintech platforms, digital authentication and financial inclusion. The lab is being established in partnership with the Government
of Israel, following a competitive tender launched by the Israel Innovation Authority, which aims to advance innovations within the fintech and
cyber sectors by accelerating growth of the country’s start-up ecosystem. The new lab will combine the strength of Israel’s start-up economy with
the support of the lab’s technical infrastructure, knowledge and expertise. This expansion is the latest in a series of investments by Mastercard in
cyber security, reinforcing the company’s commitment to supporting innovation and talent development. The lab will complement Mastercard's
Israeli headquarters in Tel Aviv, its award-winning global start-up engagement program Start Path, and its eight global technology centers in
Arlington, Dublin, New York, Pune, St. Louis, Sydney, Vadodora and Vancouver. The lab builds on Mastercard and Enel’s record of collaboration
in areas including financial inclusion products for the unbanked and digital wallet payments for electric vehicle charging stations.
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Synchrony (USA) Announces Multi-Year Partnership Extension and Expansion
with Continental Tire
29
Synchrony, a premier consumer financial services company, and Continental Tire, a leading global tire manufacturer, announced an expansion of
their strategic partnership to include financing options at General Tire. During the past five years, Synchrony has helped Continental Tire and its
network of dealers grows their business with a financing partnership that focuses on promotional financing. This expanded agreement brings
benefits to both consumers and dealers including automatic access to special financing and easy application through Synchrony Car Care. The
Continental Tire card will continue to offer cardholders the convenience and flexibility to use special financing on purchases of Continental Tires,
with the addition of General Tires at dealers across the US. Additionally, with Synchrony Car Care, Continental Tire cardholders benefit with
access to a wider network of retailers. Customers can make purchases across multiple auto related categories, including gas purchases, auto parts,
car washes, parking, and ride sharing. Cardholders will automatically receive 6 months promotional financing for purchases of $199 or more1 at
over 730,000 locations and the ability to fill-up at over 200,000 gas stations across the US and Puerto Rico2.
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Voya Joins (USA)100Kin10 Network to Help Train and Retain 100,000 Science,
Technology, Engineering and Mathematics Teachers by 2021
30
Voya Financial, Inc., has announced that it has joined 100Kin10, a national network committed to providing children with an enhanced Science, Technology,
Mathematics and Engineering education. Voya’s inclusion in this network will help to drive 100Kin10’s pledge to add 100,000 STEM teachers to America’s
classrooms by 2021. 100Kin10 enlists the nation’s top academic institutions, nonprofits, foundations, companies and government agencies to make strong
commitments; amplify their capacity and impact through collaboration, learning and funding; and catalyze solutions to large-scale problems by leveraging the
strength of the network and its resources. Together, this leads to the systemic change needed to overcome the challenges of providing all students with high-quality
STEM learning. Voya Financial and Voya Foundation — the company’s charitable giving arm — are committed to serving K-12 and higher education
communities. Through signature programs, Voya STEM Futures and Voya Teacher Voices, Voya is focused on providing students with STEM knowledge vital to
be competitive in the 21st century workforce, as well as empowering educators. Voya’s long-standing support of educators reinforces its commitment to investing
in the communities where its employees live and serve. Voya has awarded more than $5 million in grants to approximately 2,260 educators across the U.S. through
its signature program, Unsung Heroes, since the program’s inception more than 20 years ago, and is now in its 16th year of support of the National Teacher of the
Year program.
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Samsung, SoFi (USA) Introducing Samsung Money
31
Samsung Electronics America, Inc., unveiled Samsung Money by SoFi, a new mobile-first money management experience that brings a
cash management account and accompanying Mastercard debit card along with exclusive benefits to Samsung Pay, in partnership with
innovative fintech company SoFi. The account is secure, with no account fees and rewards users for saving—earning higher interest
relative to the national average of transactional accounts.[1] At a time when people are turning to their technology to take care of essential
tasks without leaving home, Samsung Money by SoFi makes it easier for them to manage more of their financial life in the Samsung Pay
app. Launching later this summer, Samsung Money by SoFi marks the beginning of a new partnership between Samsung and SoFi. As
leaders in mobile and financial technology, Samsung and SoFi share a vision to make it more convenient for people to take more control
of their financial lives. Launching later this summer, Samsung Money by SoFi marks the beginning of a new partnership between
Samsung and SoFi. As leaders in mobile and financial technology, Samsung and SoFi share a vision to make it more convenient for
people to take more control of their financial lives.
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SEI Canada Makes Changes to a Selection of Funds
32
SEI Investments Canada Company, a wholly-owned subsidiary of SEI Investments Company announced changes to a selection of funds. SEI
Canada intends to launch two new classes of units for U.S. High Yield Bond Fund, make closures to a selection of fund classes and rename
three funds. SEI founded its Canadian business in 1983, pioneering innovative asset management techniques for institutional investors. Today,
SEI offers integrated investment management and strategic advice solutions to help institutional investors achieve their organizational goals
and fulfill fiduciary responsibilities. Capitalizing on its investment expertise, SEI began offering investment solutions to retail investors
through investment advisors in 1994. The investment approach provides multi-manager, globally diversified strategies with an appropriate
home-country bias for Canadian retail investors. SEI’s goals-based strategies, strategic asset allocation strategies and asset class funds are
available through select dealer relationships. SEI remains a leading global provider of investment processing, investment management, and
investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and
manage wealth.
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ICE’s global Natural Gas markets (USA) attract record open interest as participants
navigate volatile energy markets
33
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, is registering record levels
of open interest across its North American, European and Asian gas benchmarks. Open interest in Total Natural Gas Futures at ICE hit a new record of more
than 18.5 million contracts during the second quarter of 2020. In ICE’s North American gas complex, dynamic US shale production has stimulated activity.
With futures open interest at record levels, up 30% year-over-year, market share has increased as commercial traders return to Henry Hub-related hedging in
response to increased volatility in the North American market. Open interest in ICE’s U.S. Basis contracts, which are used to manage exposure to natural gas
at different delivery points throughout North America, set a series of records during April and May, and hit a new high of more than 10.1 million contracts
on May 1, 2020. ICE offers 60 different basis locations to trade, enabling customers to mitigate their risk at locations across North America. At the same time
as new highs are recorded in North America, the globalization of natural gas is propelling the growth of the ICE TTF and JKM LNG futures into benchmarks
relied on by commercial participants around the world. As uncertainty has been rising in both supply and demand dynamics across the world, these traders
are increasingly utilizing the breadth and depth of liquidity in ICE’s natural gas and oil benchmarks to help manage risk and optimize their natural gas
portfolios.
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