Broadridge Financial Solutions, Inc., the U.S.-based fintech provider, has appointed Vijay Mayadas as president of capital markets, a newly created position. He will lead Broadridge’s trade and post-trade capital markets SaaS solutions as part of the global technology and operations business. Capital markets solutions include global post-trade capabilities that support a broad spectrum of asset…
Category: FinTech
BP2S and Curv complete PoC for security token transfers
BNP Paribas Securities Services and Curv, a cloud-based digital asset security infrastructure for financial institutions, have completed a proof of concept to transfer security tokens securely between market participants. As part of this engagement, BNP Paribas Securities Services and Curv transferred a security token using Curv’s multi-party computation solution to ensure the security of the…
BNP Paribas and Allfunds complete agreement
A year after announcing the deal, BNP Paribas and Allfunds have finally completed their strategic agreement. As part of this partnership, BNP Paribas Securities Services will give its fund-buyer clients access to more than 2,000 fund houses and 100,000 funds and a range of fund analytics services from its new Fund@ccess platform, which is powered…
Finomial launches e-subscription service for alt funds
Finomial, a client lifecycle management platform, has launched Finomial Electronic Subscriptions to digitise the manual subscription process. With this product, Finomial claims to offer a complete solution for alternative investment managers and their fund administrators, including investor compliance, on-boarding, capital activity, collaboration, and regulatory reporting to global authorities. The service provides investors with an easy-to-use,…
Citi extends partnership with Netwealth to include E2C
Citi has agreed to extend its partnership with Netwealth, a fund platform based in Australia, as its provider of global custody, global and domestic equities execution and fund administration. Netwealth will be the first Australian wealth platform to have access to Citi’s Execution to Custody (E2C) service, which provides global execution, settlement and custody services…
J.P. Morgan chooses H4 to improve document management
J.P. Morgan has chosen H4 to help improve the client contract onboarding experience, reuse data contained in documents, and build a digital library. H4 and J.P. Morgan have piloted the new documentation platform in the global custody business, with a view to rolling it out across the securities services business. In May 2020, J.P. Morgan…
HSBC chooses Ultumus as ETF PCF provider
HSBC has chosen ETF and index data provider Ultumus to be its portfolio composition file (PCF) solution provider. Ultumus will be responsible for performing PCF creation and distribution for HSBC’s ETF clients globally. The first clients will be switched to the Ultumus platform in Q4 with the rest being completed in early 2021.
State Street reshuffles Alpha senior management team
State Street has reshuffled its leadership team for State Street Alpha, its open, front-to-back investment servicing platform for institutional and wealth management firms. State Street Alpha provides an outsourced platform across front office solutions, analytics, liquidity, data management, and outsourced middle and back office services. Spiros Giannaros has been named chief executive officer of Charles…
Citi adds client reporting functionality to Clarity
Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the Vermilion Reporting Suite, a global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. The new reporting service offers asset manager clients a low-touch, automated solution for…
Ultimus launches second phase of uSUITE platform
Ultimus, the U.S.-based independent fund services provider, has completed the second phase of the company’s proprietary uSUITE technology platform. uSUITE uses robotic process automation to streamline massive amounts of back-end data processing, eliminating the need for manual intervention. Ultimus expects to launch the third phase before year-end.