BNY Mellon has expanded its 2021 agreement with Financial Recovery Technologies (FRT), a global securities class actions recovery provider, to cover North American class action filing and recovery service, including broader access to comprehensive non-U.S. alerts for global markets. Headquartered in the U.S., FRT has more than 2,500 institutional clients worldwide who deploy FRT’s class…
Category: FinTech
LemonEdge partners with it|venture
LemonEdge, the private equity fund accounting and administration software, has struck a partnership with it|venture, a UK-based provider of technology services to the private capital markets sector. The partnership will offer private equity firms and fund administrators a single, end-to-end, automated data platform. it|venture’s Connect platform specialises in streamlining the process of implementing integrations between…
IDR hires head of channel partnerships
IDR, the U.S.-based private markets onboarding hub, has hired Karina Fochtman as head of channel partnerships, based in Chicago. Her last industry role was at Allvue before taking a sabbatical.
Broadridge launches front-to-back solution
Broadridge, the U.S.-based fintech, has launched a trading solution that enables clients to achieve increased STP and efficiency, better trading decisions and client insights, improved controls, and reduced risk. The new solution aims to enable clients of Broadridge Trading and Connectivity Solutions to achieve greater agility and faster time to market, improved scalability, and reduced…
SimCorp appoints EMEA MD
SimCorp has appointed Ralf Schmücker as managing director of EMEA. He began his career with SimCorp in 1999. From 2012 to 2020, he served as managing director of the DACH region.
Loomis Sayles selects Mercatus
Loomis Sayles, an affiliate of Natixis Investment Managers with USD282bn AuM, has selected Mercatus as its technology partner for private markets investments, starting with its private credit business, launched in 2021. The collaboration with Mercatus, a State Street company, will build on Loomis Sayles’ existing relationships with both State Street and Charles River Development. The…
Northern Trust launches mobile app for FOS
Northern Trust has introduced a mobile app for its Front Office Solutions (FOS) platform. The app is available on the Apple App store for iOS devices and Google Play for Android devices. FOS is a cloud-based investment lifecycle platform that enables investment offices to view and analyse portfolio and investment information across all asset classes…
DB1 invests in Next Gate
Next Gate Tech, a Luxembourg-based fintech, has raised EUR8m (USD8.8m) in a new funding round led by DB1 Ventures, the corporate venture capital unit of Deutsche Börse Group, with the continued support of existing investors, NewAlpha Asset Management, Volta Ventures, Expon Capital, and Seed X. Enrique Sacau, CEO of Kneip, a Deutsche Börse subsidiary, will…
BNPP upgrades CapLink
BNP Paribas’s securities services business has upgraded its digital offering to alternative fund managers and their investors with the release of two enhanced solutions: CapLink Investor and CapLink Private. CapLink Investor is a platform for fund managers, investors, and authorised contacts, offering information and insights across their fund holdings. CapLink Private offers digital reporting through…
Clearstream establishes bank
Clearstream, the post-trading services provider owned by Deutsche Börse, has established Clearstream Fund Centre S.A., a bank based in Luxembourg dedicated to serving institutional fund investors. The new entity operates under a commercial banking licence in Luxembourg. It will be part of Deutsche Börse’s and Clearstream’s Fund Services business segment, which provides fund execution, distribution…