Enfusion, a U.S.-based provider of cloud-based investment management software and services, has opened an office in Sydney, Australia. Raymond Chan serves as head of sales, Australia and New Zealand, for Enfusion.
Category: FinTech
Project Jura completes wCBDC experiment
Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS. Project Jura explored cross-border settlement of tokenised assets in wholesale central bank digital currencies (wCBDCs) on…
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
SimCorp partners with Domos FS
SimCorp, the U.S.-based provider of SaaS investment management solutions, has entered into a partnership with Domos FS to deliver a front-to-back-office investment management offering covering both public and private markets for asset managers, asset owners and service providers. SimCorp has taken an initial minority stake in Domos FS.
Davies acquires Sionic
Davies, a professional services and technology business, has acquired Sionic, a consulting and technology firm. Headquartered in the UK, Sionic specialises in technology transformation and digitalisation, international regulatory compliance, and risk management. Sionic will join Davies’ consulting & technology practice headed by CEO Mark Grocott. Craig Sher, Sionic CEO, will continue to lead day-to-day operations…
Aztec partners with Worldfavor for ESG services
Aztec, the C.I.-based administrator, has formed an alliance with the global sustainability platform, Worldfavor, to launch new ESG and sustainability services for private market investment managers.
Northern Trust deploys Broadridge’s SRD II solution
Broadridge Financial Solutions, the U.S.-based fintech, has delivered its full suite of Shareholder Rights Directive (SRD II) investor communication solutions to Northern Trust. These solutions are in use across Northern Trust’s global asset servicing business. Northern Trust is also using Broadridge’s SRD II-enhanced global proxy platform, which supports same-day meeting distributions, agenda translations, vote processing…
FINBOURNE wins another major IBOR mandate
Railpen, one of the UK’s largest pension funds with c. GBP35bn AuM, has selected FINBOURNE’s cloud-based investment data management platform, LUSID, as its IBOR solution. LUSID will support Railpen’s multi-asset portfolios with standardised data and an aggregated view of positions and exposure. The mandate follows the recent decision by UK-based Baillie Gifford, the GBP352bn asset…
Citi strikes deal with Taskize
Citi and Taskize, a Euroclear company, have struck an agreement through which Citi’s custody clients can leverage Taskize’s query management platform to directly connect to their Citi operations counterparts. This collaboration brings together Taskize’s structured workflow capabilities and Citi’s proprietary custody network to create a network effect between Citi, its counterparts and various market infrastructures…
Nordea to implement Multifonds in Lux
Nordea Investment Funds SA, the largest asset manager in the Nordics, and part of the Nordea Group, has chosen the Temenos Multifonds platform for its transfer agency business in Luxembourg. Nordea Investment Funds provides in-house administration for >EUR100bn (USD110bn) of assets. Temenos claims to serve nine of the top 15 transfer agents in Luxembourg.