Episode 160: Pete Cherecwich of Northern Trust

Pete Cherecwich, president of Corporate & Institutional Services (C&IS) at Northern Trust, joins the podcast to examine the challenges that firms face today when trying to offer convenience through technological innovation, while also making sure that these services are secure—the old security-versus-convenience debate, but on an enterprise scale. Also, Bloomberg intends to exit two key businesses and WatersTechnology has a new reporter. Pete Cherecwich 1:00 Pete joins the podcast 2:30 Security versus convenience 4:00 The problem with trying to monetize internal data 5:30 Navigating convenience and functionality 10:00 Changing the culture and organization 13:30 The problem with tech disintermediation 15:30 The blockchain question 18:30 Is an industry data utility the right answer? 20:30 GDPR 23:00 Security best practices 24:30 Northern Trust is partnering with Bloomberg to offer custodial data 27:00 C&IS’ product roadmap for 2019 https://www.businesswire.com/news/home/20190326005582/en/Northern-Trust-Drives-Front-to-Back-Office-Integration-Asset https://www.waterstechnology.com/data-management/4080856/northern-trust-aims-to-automate-institutional-transfer-agency https://www.waterstechnology.com/technology/4047886/northern-trust-plans-wider-blockchain-rollout-in-2019 In the News 30:00 Some big, exclusive news: Bloomberg intends to exit its Sell-Side Execution and Order Management Solutions (SSEOMS) and its Know-Your-Customer (KYC) businesses, which includes Entity Exchange and Entity Intelligence. https://www.waterstechnology.com/data-management/4248511/bloomberg-plans-to-exit-sseoms-kyc-business-lines 36:00 Introducing WatersTechnology’s newest reporter, Rebecca Natale!