Confluence Technologies, Inc., a U.S.-based fintech focused on the investment management industry, has been selected by Paralel Technologies, a start-up fintech firm, for its core back-office services. The multi-year deal includes the use of Confluence’s regulatory reporting, performance, and financial reporting products. Paralel began operations in late 2021. Using Confluence’s Unity NXT Regulatory Reporting solution,…
Category: FinTech
Clearwater hires head of global delivery
Clearwater Analytics, a U.S.-based provider of SaaS-based investment accounting, reporting, and analytics solutions, has hired Diane McLoughlin as head of global delivery. In this capacity, she will set the strategic direction of the company’s global delivery function and lead the team responsible for the onboarding of clients to the Clearwater solution in North America and…
Carne to acquire AMX
The Carne Group, the Ireland-based provider of services to asset managers, is to acquire the Asset Management Exchange (AMX) from WTW (Willis Towers Watson), subject to regulatory approvals. WTW will take a minority stake in Carne as part of the deal. AMX connects investors, asset managers and service partners so they can transact and interact…
Broadridge partners with Santander for Spanish voting solution
Broadridge Financial Solutions, Inc., a U.S.-based fintech provider, has launched a new golden copy event notification and vote execution service for the Spanish market. The service, delivered in collaboration with Santander Investment S.A., provides a fully automated solution with market-wide coverage. The service aims to improve market error rates, expand voting windows and facilitate vote…
Bosonic hires Jason Nabi as CRO
Bosonic, a U.S.-based decentralised financial market infrastructure (dFMI) business with a real-time clearing and settlement service for crypto and digital assets, has hired Jason Nabi as chief revenue officer, a newly created position. Nabi reports into Bosonic CEO Rosario Ingargiola. Nabi has worked at Euroclear, HSBC, BNP Paribas and SGSS, and was most recently an…
UnionBank to implement METACO Harmonize
METACO, a provider of security-critical software and infrastructure to the digital asset ecosystem, has announced that Union Bank of the Philippines (UnionBank) is implementing its digital asset management services. UnionBank will leverage Harmonize, METACO’s digital asset orchestration system, to manage its digital asset operations. Harmonize enables institutions to manage a range of end-to-end digital asset…
Gemini acquires Omniex
Gemini, the crypto firm founded by the Winklevoss brothers, has acquired Omniex, a trading technology platform that provides order, execution, and portfolio management system solutions for institutional crypto trading. Omniex was founded by CEO Hu Liang and chief strategy officer John Burnett, both of whom worked at State Street. As part of this acquisition, the…
SGSS partners with Lumi for e-voting
SGSS and Lumi Technologies, a provider of electronic voting services, have signed a partnership to ensure the long-term success of the existing SGSS tablet voting service and offer new remote voting services for general meetings. At the request of SGSS, Lumi Technologies recently acquired the intellectual property and the stock of touchscreen voting tablets developed…
Colmore hires three seniors
Colmore, a Preqin company that provides services and technology for private market LPs and allocators, has made three senior hires. Dominic Critchley has joined as co-head of fund accounting (EU). He was previously head of investment accounting for the Abu Dhabi Investment Authority. He will work alongside Veronica Harris, who has been promoted to co-head…
Citi links to Bloomberg’s BSKT
Citi and Bloomberg have integrated Bloomberg’s BSKT service with Citi’s proprietary ACES ETF platform to better support Citi’s ETF clients who use BSKT to negotiate fixed income baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF creation and redemption transactions. ACES features a suite of workflow tools that fully automate the…