Charles River Development, the OMS provider that is owned by State Street, has appointed Peter Adams as head of business development. He joins from Finomial, before which he worked for 13 years at Eze Software, a competing OMS provider that is now owned by SS&C.
Category: FinTech
DBS and SGX launch Digital Exchange
DBS, the Singapore-based bank, is to establish a digital exchange, enabling institutional and accredited investors to tap into a fully integrated tokenisation, trading and custody ecosystem for digital assets. Singapore Exchange (SGX) will take a 10pct stake in the DBS Digital Exchange. The exchange will include: Security Token Offerings – A regulated platform for the…
State Street launches cloud-native data management platform
State Street has launched its Alpha Data Platform, an end-to-end data management and warehouse solution for institutional investment and wealth managers. The platform enables clients to assemble and access investment data spanning internal and third-party services across their investment processes. It provides access to front office data in near real-time, and incorporates data catalog and…
SS&C launches cloud-based Blue Sky portal
SS&C has launched its Blue Sky portal, a cloud-based technology solution to help investment managers comply with state Blue Sky laws. The web-based portal is designed to maximise compliance in an efficient and scalable way. Key features include an updated information stream for state fee calculations and best practices. An enhanced exemption process for social…
PEF launches Accounting Portal via ViewPoint
PEF, a U.S.-based fund administrator for alternative investment managers, has launched the Accounting Portal within its ViewPoint investor portal framework. The Accounting Portal offers enhanced access to the fund’s books and records as well as workflows for review and approval. ViewPoint provides alternative investment managers and their investors with direct access to data and documents,…
EFA selects SEQVOIA for digital transformation
EFA, the Luxembourg-based administrator with EUR136bn AuA, has selected the SEQVOIA data management platform to digitize key operational processes.
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…