EFA, the Luxembourg-based administrator with EUR136bn AuA, has selected the SEQVOIA data management platform to digitize key operational processes.
Category: FinTech
State Street leads Series C funding for Lukka
Lukka, a crypto asset software and data provider, has completed its Series C funding, led by State Street, with participation from S&P Global, and CPA.com, the business and technology subsidiary of the AICPA. Lukka will continue to expand its existing institutional-grade software and data products for traditional businesses and funds as they adopt crypto assets…
J.P. Morgan deploys DLT for first intraday repo trade
J.P. Morgan has completed a live, blockchain-based intraday repo transaction. The transaction was conducted between J.P. Morgan’s broker/dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days. Using blockchain enables borrowers and lenders to execute shorter-term, intraday repo transactions with…
Fidelity launches digital asset collateral service with BlockFi
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has launched a new service that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which is integrated…
HSBC joins Aladdin Provider network
HSBC has become the latest bank to offer access to its securities services products via BlackRock’s Aladdin Provider technology, enabling asset managers and asset owners to connect with HSBC through Aladdin. In the first half of 2021, HSBC will begin rolling out its services on Aladdin, starting in Hong Kong and Singapore. HSBC currently administers…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
CACEIS and Amundi launch front-to-back service
CACEIS and its sister company, Amundi, have launched a front-to-back solution for asset managers and owners, offering a portfolio management platform (ALTO), dealing services, middle office, custody and fund accounting.
HSBC launches sec lending solution for TTFs
HSBC has launched new custody and fund administration technology and an operating model for tax transparent funds (TTFs), where ‘look-through’ is applied at the share class level for securities lending, in what it claims to be a market first. This approach improves the tax transparency of securities lending opportunities in TTFs for institutional investors, while…
SGSS launches Fund Alerts to support fund liquidity management
Société Générale Securities Services has launched Fund Alerts, a real-time liability fund management and liquidity risk prevention solution for asset managers. The service provides an instantaneous view of fund liability movements via various customised alerts across the following times: In real-time on subscription orders or redemptions received At closure of the fund on the inflow/outflow…
Deutsche Borse to acquire 80pct of ISS
Deutsche Börse AG, Institutional Shareholder Services Inc. and Genstar Capital LLC have reached an agreement for Deutsche Börse to acquire a majority share of approximately 80pct in ISS, valuing ISS at USD2,275m (EUR1,925m). Genstar Capital and current management will continue to hold a stake of approximately 20pct. The transaction is expected to close in the…