Zürcher Kantonalbank (ZKB) and Clearstream have processed their first live blockchain-based end-to-end fund transactions, using FundsDLT, a decentralised platform for fund transaction processing. ZKB is the first client to leverage the joint FundsDLT and Clearstream solution, with an end-investor placing a fund transaction request through a mobile app directly on the private blockchain. The order…
Category: FinTech
Janus Henderson appoints BNY Mellon for global data management solution
Janus Henderson, the UK-headquartered manager with USD358bn AuM, has appointed BNY Mellon to implement a global data management platform that will help improve the quality and ease of access to investment information across the enterprise. The cloud-based solution supports the data platform transformation strategy of Janus Henderson and will consolidate sources of information into one…
HSBC launches NAV oversight apps
HSBC has launched a set of digital applications to help asset owners and managers monitor the NAV of their funds. The NAV Oversight suite of applications offers real-time dashboards tracking the status of NAV processing against agreed timelines for publication. To help clients review the accuracy of the NAV, the apps break down the underlying…
Broadridge hires David Ingleson as APAC COO
Broadridge Financial Solutions, a fintech provider, has appointed David Ingleson as COO for APAC. Based in Singapore, Ingleson will report to Samir Pandiri, president of Broadridge International. Prior to joining Broadridge, he held leadership roles at BNY Mellon and was most recently head of Asia Pacific for Eagle Investment Systems, a BNY Mellon subsidiary.
BNY Mellon & Amundi link strategic platforms
BNY Mellon and Amundi have agreed to a transatlantic alliance that links BNY Mellon’s OMNI platform with Amundi’s ALTO* (Amundi Leading Technology and Operations) portfolio management system. This alliance aims to deliver an automated and simplified workflow throughout the investment cycle of securities held in portfolios, to prioritise consistency of data between the portfolio and…
IQ-EQ launches ESG compliance platform
IQ-EQ has launched IQ-EQ Compass, a service that aims to simplify ESG compliance. The platform supports multiple ESG reporting frameworks, including PRI and the World Economic Forum’s ESG metrics, allowing asset managers and investors to compare their performance against globally accepted benchmarks.
LiquidShare hires Jean-Marc Eyssautier as CEO
LiquidShare, the fintech co-founded by major European financial institutions in 2017 to develop post-market solutions by leveraging distributed ledger technology, has appointed Jean-Marc Eyssautier as CEO. He was previously at CACEIS.
IHS Markit acquires Cappitech
IHS Markit, the provider of market information, analytics and solutions, has acquired Cappitech, a privately held Israeli company which provides regulatory reporting, best execution analysis and business intelligence solutions. Terms were not disclosed.
Westwood outsources trading to Northern Trust
Northern Trust has been selected by Westwood Holdings Group to provide outsourced trading through its Integrated Trading Solutions service. In this role, Northern Trust will assume responsibility for equity and fixed income trading and middle office trade settlement support for the USD12bn asset manager.
HQLAx secures new funding for collateral platform
HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…