BNY Mellon and Goldman Sachs have successfully completed the industry’s first agency securities lending transactions using the HQLAᵡ distributed ledger technology (DLT) platform. As part of the combined series of 35-day term transactions, HQLAᵡ created ISIN-level securities trackers called digital collateral records (DCRs) from loaned securities it received from BNY Mellon, giving Goldman Sachs a…
Category: FinTech
Fenergo launches in Mexico
Fenergo, the Ireland-based provider of digital solutions for know your customer (KYC) and client lifecycle management (CLM), has launched its services in Mexico in response to rising money laundering, increased regulatory scrutiny and an over reliance on manual processes within financial institutions.
Directa links to Clearstream
Directa, the Italian online broker, has signed an agreement with Clearstream to provide Italian investors with access to Clearstream’s global funds portfolio. Through Directa’s trading platform and network of financial advisors, clients can access Clearstream’s funds suite with more than 190,000 international funds in 50 jurisdictions worldwide. CACEIS Bank Italy Branch will act as local…
Momentum consolidates P&A with SS&C
Momentum Investments, part of the Momentum Metropolitan Group, has selected SS&C Sylvan to help streamline its investment performance measurement activities and support its future growth. Momentum Investments is one of South Africa’s leading investment management businesses, serving retail and institutional investors, with AuM/A of over ZAR550bn (USD41bn).
Cowen Digital hires director of institutional sales
Jackie Rose has joined Cowen Digital as director, institutional sales. working with the PolySign and MG Stover teams to offer the full suite of execution, custody, fund administration and prime brokerage services, including research and cap intro. Rose was previously head of institutional business development at Blockchain.com. Launched in March 2022, Cowen Digital is the…
Gus Harris appointed to Alter Domus group executive board
Alter Domus, the Luxembourg-based provider of integrated solutions for the alternative investment industry, has appointed Gus Harris, head of AD Data & Analytics, to its group executive board, where he will continue to report to Doug Hart, CEO. In his current role, Harris leads Alter Domus’ data and analytics products strategy and team, developing new…
ID-Pal raises EUR7m
ID-Pal, the Ireland-based identity verification provider, has raised EUR7m (USD7m) through a Series A funding round to fund further expansion into international markets. The round was led by Inspire Investments, the private holding company for the management of Waystone, led by Derek Delaney, CEO of Waystone.
Accelex raises USD5m
Accelex, a UK-based SaaS platform delivering alternative investment data management, has closed a new round of venture financing, raising USD5m. Current investors Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures renewed their commitment to the firm and are joined in this round by new investor MassMutual Ventures. The financing will support Accelex’ expansion plans through…
Maryland Care switches to SS&C
Maryland Care, Inc. (MPC), a Maryland managed care organisation (MCO), has contracted with SS&C for investment accounting, reporting and statutory statement preparation services. MPC will be transitioning from its current service provider to Singularity, SS&C’s cloud-based investment accounting platform, which will support the operational, accounting and regulatory reporting needs of its investment portfolios.
Northern Trust upgrades liquidity management tool for FOS
Northern Trust has launched an enhanced liquidity management data tool on its Front Office Solutions platform. The web-based tool gives asset owners with significant allocations to private market assets better control over their liquidity through unified and customised reporting. The web-based liquidity management module offers users a comprehensive view of their portfolio’s liquidity based on…