JTC, the UK-listed administrator being taken private by Permira, and Asset Class, the U.S.-based fintech focused on private markets, have launched JTC ONE in the U.S., an end-to-end solution for private markets firms that combines fund administration with a purpose-built digital investor experience. JTC ONE combines two specialist businesses with complementary strengths: JTC’s expertise in…
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FundBank rebrands
FundBank Group, a banking provider to the asset management industry, has rebranded to IRACE Digital. The rebrand “marks the group’s shift from a traditional institutional banking platform to an integrated infrastructure provider supporting institutional activity across both traditional and digital asset markets”. Building on FundBank’s existing institutional banking infrastructure, and subject to regulatory approvals, IRACE…
Alchelyst links to Allfunds
Alchelyst, the Ireland-based investor solutions and infrastructure provider for private markets asset managers, has established a partnership with Allfunds Blockchain, the world’s largest B2B fund distribution platform, to help private markets asset managers process investor transactions more efficiently, reducing errors and administrative friction. The partnership introduces Alchelyst×Allfunds Blockchain API, an API-driven, permissioned blockchain integration that…
Euronext and BNY collaborate
Euronext, the European capital markets infrastructure, and BNY are collaborating to enhance the collateral management capabilities of Euronext Clearing across asset classes, notably for cleared repo. By leveraging BNY’s collateral infrastructure and USD7.8trn liquidity pool, this collaboration will enhance the collateral management capabilities of Euronext Clearing, enabling members to manage their cleared activity more efficiently, including…
State Street signs MoU in Oman
State Street has signed a memorandum of understanding with Jadwa Investment, a Middle Eastern investment management and advisory firm, to collaborate in the Sultanate of Oman. The two firms will jointly identify and develop opportunities to expand their offerings to institutional clients in Oman, with a focus on asset servicing and global custody. State Street…
NTRS expands with Saphyre
Northern Trust has expanded its capabilities to support structured, rules-based workflows across the entire account lifecycle for investment operations outsourcing (IOO) clients. The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events. The solution allows Northern Trust’s…
Apex links to Aladdin
Apex has joined BlackRock’s Aladdin Provider network to support the launch of a new outsourced operating model solution tailored for private credit managers. This collaboration enables asset managers to integrate Apex Group’s servicing capabilities with their own Aladdin platform.
BBH partners with SimCorp
BBH has struck an alliance with SimCorp, the Deutsche Börse-owned fintech, to address the needs of global asset managers requiring an integrated, end-to-end technology, data, and services solution. The solution uses BBH Infomediary to integrate SimCorp One’s front and middle office capabilities, including a real-time IBOR provided by SimCorp’s managed business services, with BBH’s fund…
JTC links with Winterflood
JTC has formed a partnership with Winterflood’s custody business, Winterflood Business Services, to provide a custody platform to JTC’s clients. The collaboration will bring WBS’s technology and infrastructure to JTC’s clients, a move aimed at enhancing and modernising its global custody solutions. WBS has established a dedicated Jersey-based team.
State Street to link with QNB
State Street and QNB Group plan to form a strategic alliance to introduce a new custody servicing model in Qatar. Under this co-operation agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalized and executed at a later date. QNB has USD65bn AuC.