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…
Category: FinTech
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…
EFA & ODDO BHF support receivables FCT fund
EFA, ODDO BHF, Smart Lenders AM and Pledg have launched the SLAM Cash Advance FCT fund. EFA and ODDO BHF have been selected by Smart Lenders AM to organise the launch of SLAM Cash Advance FCT (Fonds Commun de Titrisation). This fund aims at acquiring and financing receivables sold by Pledg, a French fintech in…
Clearlake to buy Confluence from TA
Confluence Technologies, Inc., a U.S.-based software and data solutions provider to the investment management industry, has signed a definitive agreement for Clearlake Capital Group, L.P. to acquire the company from TA Associates. Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Founded in 1991, Confluence…
Northern Trust adopts 3D platform for distribution oversight
Northern Trust has entered into an agreement with Distributor Due Diligence (3D) to support its asset manager clients with oversight of distribution of their funds to investors. The service, Network Monitor, will make 3D’s platform service available to clients to support their regulatory responsibilities for performing due diligence of their distributor networks.
Key Private Bank consolidates with Charles River
Key Private Bank, the wealth management division of U.S.-based KeyCorp, has consolidated its portfolio management functions on the Charles River Wealth Management Solution. Key Private Bank has also upgraded its use of the platform, adopting compliance, data services, IBOR, and performance measurement and attribution capabilities.
Broadridge launches DLT repo platform
Broadridge Financial Solutions, a fintech provider, has gone live with its its distributed ledger repo (DLR) platform. The launch comes after multiple pilots with sell-side and buy-side firms. DLR provides a single platform where market participants can agree, execute and settle repo transactions. DLR allows for the immobilisation of the underlying securities in the repo…
State Street creates new digital finance division
State Street has launched a new division focused on digital finance. The new division, State Street Digital, will be led by Nadine Chakar, EVP and head of global markets. Chakar will report to Lou Maiuri, COO. Chakar will be replaced as head of global markets by Tony Bisegna, currently global head of portfolio solutions, FX…