J.P. Morgan has entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023. Founded in 2018, Aumni’s proprietary data analytics engine structures, tracks and analyses legal and economic…
Category: FinTech
Accelex launches automated document acquisition
Accelex, the UK-based SaaS platform specialising in alternative investment data acquisition, reporting and analytics, has launched automated document acquisition capabilities, bringing speed, accuracy and efficiency in collecting and analysing data. Investors and administrators can now leverage Accelex for connectivity with document sources. Private market fund managers deliver documents to investors using a variety of channels…
Clearwater & BNPP join forces
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has struck a partnership with BNP Paribas’ securities services business, to offer investment accounting and reporting solutions combined with the bank’s custody services. INTÉRIALE Mutual, a shared client, is already using the combined offering.
Confluence partners with FundGuard
Confluence, the technology solutions provider helping the investment management industry solve complex investment data challenges, has formed a partnership with FundGuard, the cloud native, AI-powered, multi-asset class investment accounting platform. The partnership will combine functionality from Unity, Confluence’s fund administration platform, and Revolution, its suite of asset management performance and risk services, with FundGuard’s investment…
State Street ends agreement with Copper
Copper.co, the UK-based provider of digital asset custody and prime services for institutional clients, is to streamline its business following what it describes as “the present challenging conditions in the digital assets space, an uncertain U.S. regulatory environment and a desire to focus on strategic offerings”. As a result, it has initiated a redundancy process.…
Apex appointed to service NewVest’s PE fund
Apex has been appointed as administrator for NewVest’s inaugural Private Equity 50 Index Fund. U.S.-based NewVest is an institutional, tech-enabled platform of index funds designed to provide investors with diversified, passive exposure to private markets in the same way that ETFs and index funds provide passive exposure to public markets. Apex will provide fund administration,…
IQ-EQ signs with Alpha
IQ-EQ, the Luxembourg-based administrator, has entered into an alliance with Alpha Group, a UK-based fintech, for account opening and currency management solutions. These services will be provided directly by Alpha to IQ-EQ clients.
Torstone hires N.A. head
Torstone Technology, a SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North America. Based in Toronto, he will have oversight of all U.S. and Canadian operations for Torstone. Prior to joining Torstone, Farrell spent the last 35 years in Canadian financial services, most recently at Credit Suisse Canada…
AssetMetrix hires MO specialist
Patrycja Dos Santos has joined AssetMetrix as middle office solutions specialist, based in Paris. She has held senior positions at Access Capital Partners, Quilvest Capital Partners, BNP Paribas Asset Management and, most recently, Sienna Private Credit. Based in Germany, AssetMetrix provides front-, middle- and back-office outsourcing solutions for private capital investors. BNP Paribas took a…
Clearwater hires from SimCorp
Clearwater Analytics, a U.S.-based provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has hired Josef Sommeregger as region head for DACH (Germany, Austria, Switzerland) and the Middle East. He joins from SimCorp, where he was managing director for the data and communications business line.