TMX Group Limited, owner of the Toronto Stock Exchange, and Clearstream Banking, the ICSD owned by Deutsche Börse Group, plan to launch an automated collateral management service in Canada, which will include the introduction of Canada’s first domestic triparty repo capability. Targeted for launch in the third quarter of 2023, the initial phase of the…
Category: FinTech
Accelex launches PA&R platform
Accelex, the UK-based provider of a SaaS platform for alternative investment data acquisition, reporting and analytics, has launched its new portfolio analytics and reporting platform for institutional investors and asset servicing providers. The solution offers features that enable users to analyse portfolio drivers across their entire investment network, including underlying asset operating performance. The solution…
More users join Broadridge’s DLR
DRW, Société Générale and another bank have executed intraday repo transactions on Broadridge’s Distributed Ledger Repo (DLR) platform. These latest transactions follow DLR’s first intraday repo transaction in April 2023 and expand the user network.
Taskize links with Symphony
Taskize, the Euroclear-owned provider of inter-company workflow to the financial services industry, has formed an integration with Symphony to allow real-time collaboration between operations teams using Taskize and front-office users of Symphony. The integration enables Taskize and Symphony users to collaborate in real-time. Users can stay on their platform of choice with no need to…
Spaceship selects Eze
Spaceship, an Australian investment app, has selected SS&C‘s Eze Investment Suite to support its portfolio management operations. Spaceship has c. AUD500m (USD332m) AuM across its three managed funds – Earth, Origin, and Universe – with some 200,000 users. Eze Investment Suite will support Spaceship with balance sheet maintenance, P&L reporting, and daily bulk data exports,…
BNY Mellon expands liquidity options
BNY Mellon has expanded LiquidityDirect, its short-term investment platform, to incorporate access to mutual funds, enhanced focused investing options, interest-bearing demand deposit accounts and sponsored cleared repo sweep capabilities. These new options provide a platform for leveraging more than 100 investment vehicles. The expansion covers integration with SAP‘s Treasury Management workstation, creating efficiencies for self-directed…
Northern hires chief data officer from BNYM
Northern Trust has appointed Duncan Cooper as chief data officer, asset servicing, a new role, reporting to Kelley Conway, global head of corporate and digital strategy. He will be responsible for leading the data strategy for the asset servicing business, covering both data delivery and data management. He joins from BNY Mellon, where he was…
Paget-Brown chooses Deep Pool
Deep Pool Financial Solutions, the Ireland-based investor services and regulatory solutions provider to alternative and retail fund administrators, has been appointed by Paget-Brown Financial Services Limited to provide its investor servicing solution to accelerate growth of the Cayman Islands-based firm’s fund administration business. Deep Pool’s technology supports 11 of the world’s top 20 alternative fund…
Ripple acquires Metaco
Ripple, the UK-based fintech specialising in enterprise blockchain and crypto solutions, has acquired Metaco, a Swiss-based provider of digital asset custody and tokenisation technology. Ripple, which has primarily operated in the cross-border payments space, will expand its offering to provide clients with the technology to issue, settle and safekeep any type of tokenised asset. Metaco…
Hazeltree hires chief product officer
Hazeltree, the U.S.-based provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Jeremy Payne as chief product officer, a newly created role. He will oversee all of the company’s products, including public markets, private markets, data insights, liquidity platform, and cash/payments. He was most recently chief product officer at…