FNZ, a global wealth management platform with over EUR700bn in assets under administration, has agreed to acquire South African third-party administrator Silica from Ninety One. Silica was established by Ninety One (then Investec Asset Management) in 1999 and provides third-party administration and related technology solutions to asset managers and investment product providers (including Ninety One)…
Category: FinTech
U.S. Bank to adopt SEI Wealth Platform
U.S. Bank, the fifth largest bank in the U.S. and one of the world’s top 10 custodians, has adopted the SEI Wealth Platform (SWP) across its wealth management and investment services group. SWP is a fully integrated, single-infrastructure technology solution that supports a digital experience for wealth managers and their clients. U.S. Bank will migrate…
Apex partners with RepRisk for private markets ESG data
RepRisk, an ESG data science firm based in Switzerland, and Apex, a global financial services provider, have entered into a strategic partnership to expand access to material ESG risk data for private markets participants. Apex manages the independent collection of data for investors from their underlying portfolio investments to deliver real time ESG analysis. Apex’s…
4Pines signs with Allvue for PE accounting software
Allvue Systems, an alternative investment technology solutions provider, has signed 4Pines Fund Services for its fund accounting software solutions for private equity clients. 4Pines is a start-up private capital fund administrator based in the U.S.
Ultimus launches ETF app
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting and investor solutions, has released uETF, part of the firm’s uSUITE framework. Designed to streamline and add functionality to the firm’s ETF processing capability, one of the key features of uETF is its ability to send nightly portfolio composition files, essential to ETFs, in a…
Alter Domus deploys Yardi for RE & debt reporting
Alter Domus has deployed the Yardi Investment Management platform to streamline reporting for cross-border real estate investment structures. Alter Domus will also use Yardi Debt Management, a module developed specifically to add loan servicing capabilities to the integrated accounting and reporting tool. Alongside its inhouse client portal, CorPro, the Yardi solutions are embedded into Alter…
UNICEF seeks EOIs for cryptocurrency custody
UNICEF, the first UN organisation to accept, hold and disburse donations in the form of the cryptocurrencies, is seeking expressions of interest from cryptocurrency custodians for the provision of custodian services for cryptocurrencies contributed to UNICEF. Interested institutions should complete and submit the EOI form, which is available on the UNICEF website, by December 4,…
BNY Mellon launches margin messaging through AcadiaSoft
BNY Mellon has launched MarginConnect, a margin messaging capability that gives greater control to buyside managers over the collateralisation of non-cleared derivatives. The service provides a direct connection to AcadiaSoft, BNY Mellon’s collateral management solutions partner. With this link, clients are able to generate collateral instructions within the AcadiaSoft ecosystem without having to separately create…
Socium and Eleven partner to improve end-investor experience
Socium Fund Services, a U.S.-based provider of fund administration services for alternative investment funds, has partnered with Eleven, a fintech specialising in the alternative investments industry, to release new technology that aims to transform how investments in private equity funds and hedge funds are made. The technology moves the fund subscription process to a three-way…
MUFG Investor Services launches contingent NAV solution
MUFG Investor Services has launched cNAV, its contingent net asset value solution for mutual funds.