Railpen, the fiduciary and investment manager of the UK railways’ pension schemes, has appointed BNY Mellon to provide a cloud-based data platform that aims to simplify its data architecture and support the resilience of its operating model. The platform will deliver greater insights from Railpen’s proprietary data for investment reporting and analytics. Railpen is responsible…
Category: FinTech
eSecLending adopts Pirum’s T+1 solution
eSecLending, a global securities lending agent, has adopted the T+1-ready Recalls Manager solution from Pirum Systems, the UK-based fintech for automated post-trade services. With nearly USD850bn in lendable assets, eSecLending claims to be the industry’s largest independent securities lending agent.
SLIB partners with Clarus for risk management
SLIB, the post-trade fintech, and Clarus Risk, an Apex Group company focused on risk management solutions, have rolled out RiskMonitor within SLIB’s RMS (Risk Management Solution) platform. The platform is designed to provide improved governance and transparency for multi-asset risk exposures to enable greater efficiency within the brokerage market. RiskMonitor’s API solution utilises a multi-asset…
NTRS selects FINBOURNE
Northern Trust has selected FINBOURNE Technology, the UK-based fintech, to provide valuations and reporting capabilities for its enterprise global technology. Northern Trust will leverage FINBOURNE’s cloud-native financial data management solution, LUSID, and data virtualisation engine, Luminesce, to modernise its valuations and reporting functions and provide enhanced service delivery to clients.
HSBC executes first HK digital bond repo
HSBC has executed a Hong Kong dollar repo transaction with The Bank of East Asia, Limited (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. This is understood to be the first repo in Hong Kong involving digital bonds. Using HSBC Orion as the digital assets platform, HSBC helped…
BPCE selects SimCorp for investment accounting
SimCorp, the Deutsche Börse-owned investment management fintech, has been appointed by BPCE Insurance as its new investment accounting platform. France-based BPCE Insurance, with EUR87bn AuM, is the insurance subsidiary of Groupe BPCE. The decision to partner with SimCorp is a result of BPCE Group’s strategic initiative to overhaul its operating model by re-internalising its investment…
Pirum expands in North America
Pirum Systems, the UK-based fintech specialising in automated post-trade services, has appointed Frank Seibold as head of commercial development, Americas. He joins the New York office and will work alongside Matthew Lilien, head of sales for North America. He joins Pirum from CME Group, where he was global head of strategic relationship management & head…
ROYC selects LemonEdge
LemonEdge, the UK-based fund accounting and administration solution for private markets, has signed a deal with ROYC (Return on Your Capital), which has chosen LemonEdge as its back-end accounting solution. Headquartered in Sweden, ROYC is a B2B digital solution providing a one-stop shop for private market investments. ROYC services private wealth advisors and asset managers.
Napier secures new funding
Napier AI, the UK-based financial crime compliance regtech, has received a GBP45m (USD57m) investment from Crestline Investors, Inc., a US based, credit-focused institutional alternative asset manager. Napier AI is a provider of AI-enabled financial crime and regulation technology compliance software, providing AML solutions across the banking, payments and wealth & asset management industries.
FHLBank signs with SimCorp
SimCorp, the Deutsche Börse-owned investment management fintech, has signed an eight-year agreement with the Federal Home Loan Bank of Pittsburgh (FHLBank) to provide front-to-back installation of its investment management platform, SimCorp Dimension. FHLBank has selected SimCorp’s platform to streamline workflows, facilitating the retirement of multiple legacy technology solutions.