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.
Category: FinTech
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.
Alter Domus partners with T-REX
Alter Domus, the Luxembourg-based administrator, has partnered with fintech firm T-REX to enhance data management capabilities and automate regulatory reporting. U.S. credit asset managers will be the first to take advantage of the automation, streamlining ESMA reporting. T-REX’s technology will automate data pipelines from all parties, including issuers, servicers, agents and trustees, standardising formats and…
Socium partners with Hedgebay
Socium Fund Services, a U.S.-based Suntera Global company specialising in private equity and private credit fund administration, is partnering with Hedgebay Securities, LLC, a FINRA-registered broker-dealer. Hedgebay helps match sophisticated buyers and seller of hedge fund interests and other illiquid alternative investment assets. This collaboration aims to deliver tailored secondary market liquidity solutions to GPs…
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…