Clearstream and Pirum, the securities finance automation provider, have extended their services to offer new collateral connectivity. This allows mutual clients to automate the calculation, matching, submission and validation of collateral requirements and allocations for securities lending, repo and OTC derivative transactions. The extended connectivity assists clients with agreeing collateral on a real-time basis, reducing…
Category: FinTech
BNY Mellon adopts Xceptor
BNY Mellon has entered into a multi-year licensing agreement to adopt the Xceptor tax platform. The Xceptor solution will provide digital process automation for tax documentation management and pre-population, identification of tax relief opportunities, and enhanced submission and tracking of withholding tax reclaims. The phased implementation of Xceptor’s end-to-end tax platform should help to reduce…
Zodia registered as VASP in Ireland
Zodia Custody (Ireland) Limited has been added to the Central Bank of Ireland’s Virtual Asset Service Provider Register, and is now authorised to provide commercial services to clients in Ireland. Zodia Custody, an institutional cryptoasset servicing company headquartered in London, established its Irish subsidiary in August 2021. Zodia Custody is a wholly owned subsidiary of…
Accelex and Lionpoint form alliance
Lionpoint and Accelex have formed a strategic partnership to bring end-to-end operational efficiency to the private markets industry. Lionpoint, a U.S.-based consultancy, partners with technology solution providers focused on private markets. Its core services include strategic advisory, operating model optimisation, technology roadmap and solution selection, and systems integration across the front, middle, and back office.…
Zodia Markets granted FCA registration
Zodia Markets, a UK-based cryptoasset exchange and brokerage for institutional clients backed by Standard Chartered, has received cryptoasset registration from the UK Financial Conduct Authority (FCA) and has officially launched its institutional crypto exchange and brokerage business. Zodia Markets’ registration marks the first time a crypto trading business backed by a leading international bank has…
Arcesium partners with Fund Connect
Arcesium, a U.S.-based investment services fintech and administrator, has partnered with State Street Fund Connect, a global trading and analytics platform, to provide mutual clients with a consolidated view of their cash portfolios and a single point of access to multiple markets and fund providers. With the support of Arcesium’s Treasury Suite and Fund Connect’s…
CGI & IGM partner on TA upgrade
CGI and IGM Financial Inc. have signed a strategic agreement to deliver the next generation of mutual fund transfer agency platforms in Canada. The IGM and CGI partnership will focus on integrating two mutual fund record keeping solutions into a single, modern platform. It will include CGI taking responsibility for the overall modernisation of the…
LGT CP expands relationship with Accelex
Accelex, a UK-based SaaS platform for alternative investment data management, has expanded its collaboration with LGT Capital Partners to support the processing of a new document category: fund financial statements. Accelex will provide support to LGT CP to automatically extract financial and non-financial metrics from these documents, supporting a range of additional investment use cases…
Enfusion launches OEMS
Enfusion, a U.S.-based provider of cloud-native SaaS solutions for investment managers, has launched Enfusion Express, a lightweight yet institutional-grade SaaS order and execution management system tailored specifically to the needs of smaller fund managers, typically with less than USD100m AuM. Enfusion Express enables smaller managers who have limited resources but comprehensive requirements to access advanced…
Apex partners with AlphaCentrix
Apex has partnered with, AlphaCentrix to enable the delivery of data management solutions to its clients. Under this partnership, Apex will integrate two AlphaCentrix apps into its client offering: AlphaFuse and AlphaSpring, which provide a flexible workflow orchestration designer, as well as user-friendly client facing dashboards and analytics. U.S.-based AlphaCentrix provides data management solutions to…