CIBC Mellon has formed a partnership with Financial Recovery Technologies (FRT), a provider of securities class action recovery services to the investment community. Through this collaboration, Canadian institutional investors will be able to subscribe for enhanced governance, recovery, and shareholder litigation solutions from FRT to help them navigate the complexities associated with class action claims…
Category: FinTech
State Street partners with Paxos in T+0 pilot
Paxos, the regulated blockchain infrastructure platform, has partnered with State Street to integrate State Street’s custody services into the Paxos Settlement Service. As part of the pilot, State Street was able to simulate the settlement and custody of shares on the Paxos platform and asset movements more efficiently. State Street was able to send settlement…
BNY Mellon invests in Chainalysis
BNY Mellon has participated in a Series F financing round for Chainalysis, the blockchain data platform, which has raised USD170m, bringing its valuation to USD8.6bn. Chainalysis provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. The data powers investigation, compliance, and market intelligence…
Northern Trust partners with Enfusion, Fenergo
Northern Trust has announced two fintech collaborations. First, it has established a relationship with Enfusion, a U.S.-based provider of cloud-native investment management software and services, to provide portfolio management, order and execution management system, and analytics capabilities to mutual clients. Through this collaboration, Enfusion and Northern Trust will offer asset manager, hedge fund and internally…
MUFG appoints head of new Cyprus office
MUFG Investor Services has appointed Yannis Matsis as managing director and head of the Cyprus office, the firm’s new operational centre located in Limassol, Cyprus. Matsis will be responsible for oversight of the firm’s local asset servicing footprint, growth within the local Cypriot market, and business expansion activities in Europe and the Middle East. Matsis…
BNPP’s Manaos platform adds new client
Fondo di Previdenza Mario Negri, the Italian pension fund, has selected BNP Paribas Securities Services’ Manaos platform for its ESG data and analytics needs. Fondo di Previdenza Mario Negri is the pension fund for managers of commercial shipping and transport companies in Italy, with EUR3.9bn (USD4.1bn) AuM. The fund will be using the Manaos platform…
Bain Capital Crypto partners with Sudrania
Bain Capital Crypto has adopted Sudrania’s vertically integrated back-office platform, powered by its Seamless Crypto software. With over 140 API connections across the digital assets ecosystem, Sudrania claims that Seamless Crypto is one of the world’s most advanced general ledger accounting systems, offering automated waterfall calculations, P&L allocations, automated fees/expense accruals, timely NAV calculation, enhanced…
Centralis acquires Wheelhouse
Centralis, a Luxembourg-based corporate & fund services provider, has acquired Wheelhouse Advisors, which specialises in regulatory and prudential management, regulatory reporting, accounting and tax. Wheelhouse’s solutions are designed to reduce risk, improve efficiencies and create value. It supports more than 900 clients globally, with over USD130bn of assets under reporting. The deal follows Centralis’ recent…
Liontrust extends SS&C relationship
Liontrust Asset Management Plc, the UK-based fund management company, has extended its relationship with SS&C following its recent acquisition of Majedie Asset Management Limited. Liontrust will now use Eze Investment Suite to help manage the majority of its GBP38.5bn USD48.2bn) in assets under management and advice (AuMA). Liontrust has been using Eze Investment Suite’s order…
SS&C selects Sustainalytics for ESG data
SS&C will integrate Sustainalytics’ ESG data into SS&C Advent platforms to power portfolio management and analytics workflows for its global client base. Morningstar Sustainalytics is a provider of ESG research, ratings and data.