Annuity investments within IRAs are expected to reach $510 billion at the end of next year, Aite Group estimates. The surge in volume will drive brokerages and investment advisors to step up from the manual, paper-based processing of annuities that takes place today, the firm says.
RSA Canada has selected Duck Creek Technologies' policy administration system for its commercial Insurance operations.
The largest U.S. bank by assets, Bank of America, said it would repay its bailout debt, signaling further confidence in the nation's financial firms.
Directory of Dark Pools
As the number of dark pools continues to rise, it's more essential than ever to fully understand the differences among the various trading venues.
Wall Street firms save money in their data centers while saving the planet
As the downturn continues to squeeze spending, more and more Wall Street firms are realizing that energy-efficient IT may be the best way to slash operating costs.