CoreVest, a Redwood Trust company, will implement SS&C’s Precision LM loan management software. CoreVest is a lender to residential real estate investors in the U.S., with >USD10bn in loans funded and 100,000 units financed.
Category: FinTech
Hex Trust receives funding from Cyberport
Hong Kong-based Hex Trust, a digital asset custodian, has secured investment from Cyberport, Hong Kong’s largest fintech hub, which is wholly owned by the Hong Kong SAR government.
Waystone receives investment from Montagu
Waystone, a provider of institutional governance, risk and compliance services to the asset management industry, has signed an agreement to receive significant investment from Montagu Private Equity, a European private equity firm. Waystone was formed from the merger of DMS, MDO and MontLake.
Northern Trust launches alts servicing digitisation initiative
Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitise alternative asset servicing and enhance the experience for clients that invest in complex private market and unlisted assets. The proprietary solution combines robotic process automation and cloud-based technology to provide transparency and data standardisation that enables…
Peter Salvage joins Enfusion from BNY Mellon
Peter Salvage, a veteran of the alternatives fund administration industry, has joined Enfusion, a U.S.-based, private equity-backed fintech that provides front-to-back investment management software and SaaS solutions. Salvage joins as managing director, global head channel & alliance partners, a role that will see him work to strengthen Enfusion’s global channel partnerships with prime brokers, fund…
Deutsche Börse buys majority stake in Crypto Finance
Deutsche Börse Group has acquired a majority stake in Crypto Finance AG, a Switzerland-based financial group that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse will extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as…
SS&C unveils organisational shake-up
SS&C has initiated an organisational shake-up which sees Mike Sleightholme, general manager of DST’s financial services businesses, leaving the firm. SS&C Global Investor and Distribution Solutions (GIDS) will focus on the evolution and elevation of global transfer agency and investor services. Nick Wright, general manager, will focus on strategy, innovation and product development, and will…
MJ Hudson acquires Clarus Risk
MJ Hudson, the UK-based consultancy, has acquired Clarus Risk, a fintech firm specialising in regulatory risk and risk reporting automation. Clarus will now trade as MJ Hudson Quantitative Solutions.
State Street to deploy Canoe’s ML technology for private markets
State Street plans to implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and…
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…