SimCorp, the Deutsche Börse subsidiary, is to merge with Axioma, a provider of factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions. Prior to the merger with SimCorp, Axioma was part of Qontigo, a subsidiary of Deutsche Börse and a strategic partner of SimCorp since 2021.
Category: FinTech
NTRS partners with Novata
Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…
Accelex raises USD15m
Accelex, a UK-based provider of automation for private markets data acquisition, reporting and analytics, has raised USD15m through a Series A funding round led by FactSet, a financial digital platform and solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.
Zodia Markets granted VASP status by CBI
Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, has received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This follows on from the firm receiving cryptoasset registration from the UK’s Financial Conduct Authority in 2022 and its in-principle approval by Abu Dhabi Global Markets…
Pirum upgrades recalls service for T+1
Pirum, the UK-based fintech focused on securities finance, has launched a borrower automation solution with its Recalls Manager service, enabling full automation of the recall lifecycle with its first clients well ahead of the introduction of T+1 settlement in the US, Canada and Mexico in May 2024. Pirum is going live with multiple agent lenders…
Arcesium wins treasury mandate
PAAMCO Prisma, an alternatives investment firm, has selected Arcesium, a fund administrator in which J.P. Morgan has a strategic stake, to provide treasury management services through its Treasury Suite. Arcesium’s treasury capabilities will provide enhanced transparency and control over PAAMCO Prisma’s collateral management and securities lending activities. PAAMCO Prisma aims to optimise multi-asset collateral allocation…
BNY Mellon launches new FX service
BNY Mellon has launched Universal FX, a new platform that helps clients manage and centralise their portfolio execution, regardless of the location of their custodian, prime broker or trade settlement bank. Targeted clients include investment managers, corporates, hedge funds and wealth managers. Universal FX builds on BNY Mellon’s OneFX suite of solutions and banking capabilities…
Saphyre hires head of client solutions
Saphyre, the U.S.-based fintech specialising in the post-trade space, has appointed Gerhard Kronsteiner as head of client solutions. Kronsteiner, who is based in the UK, has been an advisor to the Saphyre board for the last two years, and previously spent seven years at BNP Paribas, most recently as global head of operational excellence for…
PIMCO goes live with HUB
PIMCO is now live on the HUB platform. HUB is a fintech specialising in the investment management sector. Founded in 2021, HUB is backed by PIMCO, Man Group, S&P Global, Microsoft and State Street. PIMCO will initially use two products: HUB Trade, which manages trades through the stages of their lifecycle and enables connectivity with…
SimCorp wins AP3/AP4 mandates
SimCorp has been selected by AP3 and AP4 as their new provider of a portfolio management system. Following a public procurement process and a thorough analysis of 13 applications, the two Swedish national pension funds have signed a front-to-back SaaS service agreement with SimCorp, covering the entire investment management value chain. AP3 and AP4, collectively…