Stephen Scharf - All News And Posts By Crowdfund Insider

No Surprise: Cyber Risk Biggest Threat to Financial Markets, Followed by Disease and Geopolitical Concerns

December 8, 2021 @ 10:55 am By JD Alois |

Cyber risk is the biggest threat to financial markets in 2022, according to a statement by The Depository Trust and Clearing Corporation (DTCC). This pronouncement should come as no surprise as the news is replete with reports of hacks and breaches by all kinds of… Read More

Read more in: Fintech, General News, Global | Tagged cybersecurity, dtcc, michael leibrock, risk, stephen scharf

DTCC Processed $2.15 QUADRILLION in Securities in 2019 and its Looking at Distributed Ledger Technology

June 4, 2020 @ 11:00 am By JD Alois |

The Depository Trust & Clearing Corporation (DTCC) is an enormous operation providing the vast majority of clearing and settlement services for securities in the US. To put this in perspective, DTCC processed $2.15 quadrillion (a quadrillion is a thousand trillion) in securities during 2019…. Read More

US Depository Trust and Clearing Corporation Might Establish Consortium to Deal with DLT Security Risks

February 14, 2020 @ 6:32 am By Omar Faridi |

The US Depository Trust and Clearing Corporation (DTCC), a major post-trade financial services firm offering clearing and settlement services to large capital markets, is considering establishing an industry consortium to formulate a joint strategy for dealing with security risks in the implementation of blockchain or… Read More