Citi has selected METACO to develop and pilot digital asset custody capabilities. Citi intends to integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities.
Category: FinTech
SimCorp appoints head of AsPac
SimCorp, the provider of SaaS investment management solutions, has appointed Edward Bee as managing director, Asia Pacific. Based in Singapore and reporting to SimCorp’s CEO, Christian Kromann, Bee joins from AllVue, where he was managing director, Asia Pacific. He takes over as from Oliver Johnson who has moved to the company’s head office in Copenhagen…
Sunibel opts for PFS-PAXUS
Sunibel Corporate Services, a Mauritius-based administrator, has selected the PFS-PAXUS fund administration system for its third-party fund administration business operations. Pacific Fund Systems, the provider of PFS-PAXUS, services a client base with more than USD1tn of assets. Sunibel offers fund administration services to alternative funds, including fund accounting, investor services, compliance and tax services. PFS-PAXUS…
Temenos launches contingent NAV solution
Temenos, the Swiss-based provider of fund servicing software, has launched Multifonds Navigator, an NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators. Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically. This allows asset managers to independently…
Secfi appoints SS&C
Secfi, a U.S.-based employee equity planning and financing platform, has appointed SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM and TNR Solution will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options. SS&C will support the financing of pre-IPO…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
Gen II partners with NTT
Gen II Fund Services, the U.S.-based alternative fund administrator, has chosen NTT Ltd., a global technology services provider, as its managed cloud services provider to accelerate its digital transformation journey. The multi-year agreement will consolidate Gen II’s cloud support and security desks, providing the firm and its clients with enhanced efficiency, security, and scalability in…
Next Gate raises EUR5m
Next Gate Tech, the Luxembourg-based fintech provider for the asset management sector, has completed a new EUR5m fund raising round, led by NewAlpha Asset Management, alongside Volta Ventures and Seed X, with the continued support of all existing stakeholders, including Expon Capital, MiddleGame Ventures and SeederFund. This new round of financing will support the company’s…
ZEDRA acquires in Malta
ZEDRA, the provider of corporate and fund services, is to acquire AlleyBe, a Maltese corporate service provider, trustee and virtual financial asset (VFA) agent. The acquisition will add 25 new team members to ZEDRA’s existing business in Malta.
Rimes joins BBH Connectors
Rimes, a provider of data management and investment intelligence solutions to investors and asset managers, has joined BBH Connectors, the Brown Brothers Harriman platform featuring multi-provider, open architecture technology providers. Rimes joins other specialist third-party fintech and service providers that deliver expertise in areas like ESG data, insurance accounting, class action recovery services, and AI.