State Street has selected FundGuard to deliver a strategic accounting solution for State Street Alpha. FundGuard is a scalable cloud-native investment accounting, fund accounting, and contingency NAV solution. The FundGuard accounting solution will be integrated for STP from portfolio management and trading in the Charles River Investment Management Solution through to custody and administration. A…
Category: FinTech
HQLAx pioneers cross-DLT repo trade
HQLAᵡ, J.P. Morgan, Ownera and Wematch have successfully tested the technical feasibility of executing a DvP repo transaction across two different DLT platforms at HQLAᵡ and J.P. Morgan. The test showed how rights to securities, recorded in digital collateral records (DCRs) on the HQLAᵡ ledger, and digital cash, recorded at J.P. Morgan, could be recorded…
IDR hires veteran bus dev director
Stu Williams has joined IDR as business development director. Based in Boston, he will be responsible for the growth of IDR’s North American business. IDR provides a central, globally accepted and standardised way for private capital investors to onboard.
BNY Mellon and Pirum launch optimisation service
BNY Mellon and Pirum, a fintech specialising in trading markets, have launched a joint optimisation service to offer collateral providers margining, risk management and inventory management to drive improved risk/return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimises more than USD4trn in assets globally, with Pirum’s CollateralConnect platform, a SaaS…
Apex launches compliance solutions in U.S.
Apex has expanded its global compliance solutions service to the U.S. market. The global compliance solutions team provides clients with tech-enabled compliance and AML solutions. The expansion into the U.S. market will help to address clients’ risks and concerns around ESG, AML and financial crime, as well as delivering compliance advisory support including for emerging…
TrustQuay gets new investor
TrustQuay, the UK-based technology provider to the global trust, corporate and fund services industry, has announced that Hg, a leading software and services investor, has become the majority investor in the business. As part of the transaction, the TrustQuay management team will continue in the business whilst the former majority owner, Silverfleet Capital, has fully…
Clearwater to acquire JUMP
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has entered into an agreement to acquire France-based JUMP Technology. Clearwater expects the acquisition to close before year-end. The terms of the agreement will lead to the purchase of JUMP Technology for EUR75m. The acquisition will add 100 employees serving 70 clients…
SS&C partners with Coinbase
SS&C Eze has partnered with Coinbase to offer clients access to Coinbase Prime, an institutional platform for digital assets. With the partnership, traders using Eze Investment Suite can manage their crypto trading processes in one place, from pre-trade compliance to custody. Coinbase Prime is a platform built specifically for institutions providing secure custody, smart order…
KZVK deploys Accelex
Accelex, the UK-based provider of data acquisition, analytics and reporting solutions for alternative investors and asset servicers, has entered into an agreement with KZVK, the German partner for company pension schemes covering participating employers from the Catholic Church and charitable sectors. KZVK plans to apply the Accelex solution to a range of alternative investment assets,…
ICE and Confluence strike ESG deal
Intercontinental Exchange, Inc., the U.S.-based provider of data, technology, and market infrastructure, and Confluence, a provider of analytics and regulatory compliance reporting solutions for the investment management industry, have struck a deal that enables Confluence to leverage ICE’s ESG data as part of its ESG SFDR solution, bringing clients a single service that is designed…