Fenergo, the provider of digital solutions for KYC, transaction monitoring and client lifecycle management, has appointed Ruth Ormsby as managing director of EMEA, based in London. Ormsby joined from Salesforce, where she served as a senior vice president for the UK and Ireland.
Category: FinTech
Symphony expands into ME
Symphony, the markets infrastructure and technology platform provider, has opened a commercial office in the Middle East. The new office will be located in the Abu Dhabi Global Market.
CIBCM partners with Duco
CIBC Mellon has formed a strategic collaboration with Duco, a SaaS provider of AI-powered data automation. By leveraging Duco’s advanced capabilities, CIBC Mellon aims “to lower operational risk, streamline processes, and empower finance and operations teams”.
Citi expands with Multifonds
Citi has extended its 20-year relationship with Multifonds to consolidate its current regional fund accounting operation into a global operating model through the Temenos Multifonds SaaS solution. Citi’s move to a global operating model for its fund services business, and from an on-site platform to Multifonds SaaS, will enable it to manage its business across…
CRD poaches APAC head from FactSet
Charles River Development, a State Street company, has appointed Vinayak Bhat as head of Asia Pacific, where he will be responsible for all business oversight within the region and collaboration with State Street Alpha, the front-to-back asset servicing platform. He joins Charles River from FactSet Research Systems where he was head of the Asia Pacific…
BNY Mellon partners with AccessFintech for T+1
AccessFintech, the UK-based provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the imminent switch to T+1 settlement in the U.S.. BNY Mellon and AccessFintech are collaborating to provide clarity on securities trades’ ‘predicted…
Socium partners with Axos
Axos Bank, the bank subsidiary of Axos Financial, Inc., has partnered with Socium Fund Services, a Suntera Global company specialising in private equity and private credit fund administration, to upgrade Socium’s loan agency offering and overall fund administration services for its private fund clients. This alliance enables Socium to manage all loan file management operations…
FINBOURNE partners with Droit
Droit, a technology firm specialising in computational law and regulation, will partner with FINBOURNE Technology, a provider of cloud-based investment data management software, to launch an end-to-end position reporting solution for increased regulatory transparency. Over one hundred global jurisdictions have position reporting obligations, requiring market participants to report equity and equity derivatives holdings to regulatory…
Northern upgrades SAP
Northern Trust has upgraded its SAP Financial Asset Management application to SAP S/4HANA, which enhances its insurance investment accounting and analytics services solution, developed to support the full spectrum of investment accounting and regulatory reporting needs for U.S. insurance companies and corporate and endowment markets. The upgrade incorporates Northern Trust’s interactive digital interface with SAP…
FundBank appoints GC CEO
FundBank, the banking fintech specialising in the asset management sector, has appointed Laura Accurso as chief executive officer and general counsel of its Cayman operation, replacing Colm O’Driscoll, who is promoted to a global leadership role. Accurso was previously chief banking officer. Earlier this year FundBank appointed Steve David as CEO of its European operations.