Confluence Technologies, a U.S.-based technology solutions provider for the investment management industry, has expanded its partnership with a large Midwest insurance and multi-strategy investment firm that will now deploy Confluence’s cloud-based Revolution platform for its 18f-4 derivatives and risk monitoring needs. The multi-strategy firm, which already uses Confluence’s Unity NXT Regulatory Reporting platform, will implement…
Category: FinTech
JTC to acquire perFORM
JTC, the C.I.-based provider of fund and corporate services, is to acquire perfORM Due Diligence Services (perfORM), a UK-based provider of due diligence services to a diverse base of UK and international asset allocators and investment managers. Launched in 2019, perfORM was set up as an operational due diligence (ODD) business to provide solutions to…
CACEIS implements Cardabel for MO
CACEIS has implemented Cardabel‘s machine learning technology for its middle office. Cardabel is a French fintech company specialising in financial data analytics.
State Street wins digital custody mandate
State Street has been appointed to provide custody services to the Digital Securities Depository Corporation (DSDC). DSDC operates a cross-border securities settlement infrastructure with third-party regulated financial institutions to create, issue and service digital depositary receipts (DDRs) in the US public market. The securities underlying the DDRs will include the non-US listed equity securities DSDC…
BBH rolls out Infuse TA
BBH has deployed Infuse Transfer Agency to its TA clients. Infuse TA is a digital experience integrated into BBH’s Infuse client portal, providing clients with a single view, in real time, of their entire investor onboarding process and shareholder register. Launched in 2020, over 60 asset managers distributing globally now have access to Infuse TA.…
Milestone launches fair value control solution
Milestone Group, the fintech firm owned by BNY Mellon, has launched a new Fair Value Control solution. This new solution is for teams responsible for the administration and compliance of the fair value process and ensuring that funds’ securities are correctly valued in accordance with policy. This solution leverages the pControl funds platform that currently…
HSBC launches multilateral provider platform
HSBC has launched HSBC MarketSpace, a platform that enables clients to access post-trade services and solutions from HSBC and third-party service providers. Users can choose and connect seamlessly to their preferred service providers, with the ability to select products and services best suited to their needs. Instead of having to establish and maintain a complex…
BNY Mellon expands Custody FX service
BNY Mellon is expanding its Custody FX offering, adding new trading capabilities and evolving from a primarily custody-focused service model into a transparent open architecture that can be leveraged by a variety of client types for their rules-based, end-to-end transaction needs. Effective immediately, clients in the FX trading programs can customise how they trade currencies…
JTC acquires SALI
JTC, the C.I.-based administrator, has acquired SALI Fund Services, a U.S.-based provider of fund services to the insurance dedicated fund (IDF) and separately managed account (SMA) market. Founded in 2002, SALI provides a turn-key solution for the creation and administration of IDFs and has over USD15.8bn AuM.
AssetMetrix opens in Lux
AssetMetrix, the Germany-based fintech in which BNP Paribas has a strategic stake, has opened an office in Luxembourg. Alexander Wedlich has joined AssetMetrix as head of business development for Luxembourg, Belgium and France. Wedlich has worked at Credit Suisse, RBC, CACEIS, Clearstream Banking and BNY Mellon.