IQ-EQ, the Luxembourg-based administrator, has reached agreements to acquire ComplianceAsia and Lymon Pte Ltd. ComplianceAsia, the longest established compliance consulting firm in Asia Pacific and one of the largest firms operating in the region, was founded in 2003. Lymon was founded in Singapore in 2013 to address a gap in the market in the provision…
Category: FinTech
SimCorp partners with Battea
SimCorp, the investment management fintech that is being acquired by Deutsche Börse, has struck a partnership with Battea Class Action Services, LLC, a U.S.-based provider of class and collective action antitrust and securities litigation recovery services. As part of the partnership, Battea will join SimCorp’s Open Platform program, designed to offer SimCorp clients access to…
Finbourne adds to U.S. sales team
Finbourne, the UK-based fintech, has hired Natasha Hayes as U.S. sales director. Based in Chicago, she joins from Zayo Group.
Arcesium partners with Confluence
Arcesium, the administrator which claims to have USD675bn AuA, and Confluence, a fintech solutions provider for the investment management industry, have formed a partnership to deliver an integrated data management and analytics solution for middle & back-office operations for asset managers, delivering workflow efficiency in performance, risk, and regulatory reporting. The offering will integrate Confluence’s…
SMDAM selects Burgiss
Sumitomo Mitsui DS Asset Management (SMDAM)—one of the largest asset management companies in Japan— has selected Burgiss, a provider of private capital data and analytics, as its long-term partner to help manage its growing business in alternative investments. SMDAM will deploy Burgiss’ portfolio management, transparency data, universe data, and investment book of record cashflow data…
Pirum launches recall service
Pirum, the UK-based securities finance fintech, has gone live with a global and interoperable Recalls Service, which streamlines and automates the entire end-to-end recall workflow. Pirum claims that this solution “delivers significant efficiencies and assists with compliance ahead of T+1 regulation in the US, Canada and Mexico”. The service aims to transform the recall management…
Apollo selects Clearwater
Apollo, a Lloyd’s of London insurer with USD500m AuM, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to automate and streamline its investment accounting processes, including data aggregation, trade reconciliation, and reporting on a single integrated platform.
Equilend and Broadridge team up on STP
EquiLend, the securities finance technology firm, has agreed with Broadridge Financial Solutions to facilitate STP to the NSCC’s CCP for equity securities finance transactions. The new service will deploy EquiLend’s liquidity sourcing options and allow clients to trade and automatically submit via Broadridge’s newly launched SFT Submission Service, which provides the market with the capability…
BNPP deploys AI-driven virtual agent
BNP Paribas’s securities services business has launched a virtual agent, NOA (NextGen Online Assistant), on its client services portal, NeoLink. NOA deploys the latest cognitive technology from Amelia, a U.S.-based provider of enterprise conversational AI. Leveraging Amelia’s advanced machine learning for context recognition, NOA helps clients find the information they need quickly and efficiently. NOA…
Torstone hires new CFO
Torstone Technology, a UK-based SaaS platform provider for post-trade securities and derivatives processing and risk management, has appointed Neil Mardon as CFO. He will also join Torstone’s board of directors. Mardon was previously CFO and later COO at Daiwa Capital Markets Europe.