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).
Category: FinTech
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…
Apex acquires Context365
Apex has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with asset managers. Context365 connects LPs and GPs through its SaaS digital networking and research platform, complementing the group’s existing digital marketing platform, Profilir. In addition, Context365 has a well-established summit…
Mesh ID partners with Eleven
Mesh ID, a Netherlands-based fintech servicing the global trust, corporate services, fund administration and fund management ecosystem, has partnered with Eleven, a fintech focused on the alternatives sector. The relationship aims to deliver all onboarding and servicing needs of the private investor industry. The partnership will integrate Mesh ID’s digital KYC/AML processes and shareable investor…
Formidium hires for tech group
Rakesh Kumar has joined Formidium (formerly Sudrania) as an EVP in the technology group. He was previously at Hitachi Vantara.