Link Fund Solutions, part of Australia-based Link Group, has partnered with Confluence Technologies to launch a portfolio compliance solution. Confluence will provide automated daily monitoring of Link’s funds compliance with investment and borrowing power rules, as defined by regulators in the UK, Ireland and Luxembourg.
Category: FinTech
BNY Mellon launches digital assets unit
BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Northern Trust takes equity stake in Equity Data Science
Northern Trust has reached an agreement to take an equity stake in Equity Data Science, Inc., a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management. The deal will integrate EDS decision support tools with Northern Trust’s core technology platforms, and is an extension of…
Rest Super selects Charles River IMS for front and middle office operations
Retail Employees Superannuation Trust (Rest), one of Australia’s largest industry superannuation funds with approximately 1.8 million members, has selected Charles River IMS to consolidate its front and middle office operations for managing asset allocation, global equities, fixed income, FX and futures. Rest will implement Charles River IMS to support its internally managed investments as well…
EFA selects Refinitiv as primary data source for sec ops
EFA, the Luxembourg-based independent administrator, has appointed Refinitiv as its primary data source for securities operations, expanding a longstanding relationship. Refinitiv will become EFA’s primary data source for pricing, reference data and corporate actions. Refinitiv, which was recently acquired by the London Stock Exchange Group, serves more than 40,000 institutions in 190 countries.
OCC grants conditional approval to Protego for digital assets
The Office of the Comptroller of the Currency has granted conditional approval of the conversion of Protego Trust Company, a Washington state-chartered trust company, to become Protego Trust Bank, National Association. Protego is the second crypto-native firm to get national licensing from the OCC, following Anchorage’s approval last month. Protego is a bank designed and…
Northern Trust links to IHS Markit’s thinkFolio
Northern Trust has entered into an alliance with IHS Markit, provider of the thinkFolio multi-asset class investment management platform. The integration between thinkFolio and Northern Trust’s middle office outsourcing platform will provide opportunities for both firms to offer mutual institutional clients solutions and services, leveraging one another’s strengths across the investment value chain. Northern Trust…
BP2S teams up with Eastspring and STACS to improve ETD processing via DLT
Eastspring Investments, BNP Paribas Securities Services and Singapore-headquartered fintech firm Hashstacs Pte Ltd have implemented what they claim is a first-in-market blockchain-driven solution to enhance trade lifecycle management capabilities for exchange traded derivatives (ETDs). The trading fee calculation platform, Mercury, addresses current inefficiencies in the trade lifecycle management of ETDs. Mercury provides centralised and transparent…
BNY Mellon & Google Cloud partner to improve U.S. Treasurys efficiency
BNY Mellon has partnered with Google Cloud to help U.S. Treasury market participants predict settlement failures, generate significant capital and liquidity savings, and unlock operational efficiencies. The initiative will leverage Google Cloud’s data analytics, artificial intelligence and machine learning technologies to develop new collateral management and liquidity solutions built on Google Cloud. BNY Mellon is…
Marketnode joins forces with Covalent for E2E digital FI solution
Marketnode, the digital assets joint venture between the Singapore Exchange (SGX) and Temasek, has partnered with fixed income issuance and data firm, Covalent Capital, to build what they claim is Asia Pacific’s first end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek. As part of…