BBH has launched a new technology affiliate, Braid LLC, focused on solving enterprise data transformation for financial services. Braid offers an AI-native data transformation platform that gives firms a scale solution to transform, connect and manage their data with confidence. Braid empowers teams to build, automate, and oversee reliable production-grade data transformations in a fraction…
Category: Product
NTRS expands Singapore unit trust offering
Northern Trust has expanded its Singapore unit trust offering through a relationship with Perpetual (Asia) Limited. Together, the firms provide investment managers with access to a comprehensive servicing solution for Singapore unit trust structures, combining Northern Trust’s custody, fund administration and middle-office outsourcing capabilities with Perpetual’s trustee services. Perpetual (Asia) Limited is part of the…
U.S. Bank launches waterfall solution
U.S. Bank has launched its Private Waterfall Engine, an automated fund waterfall administration platform designed to support private markets funds. The platform supports multiple waterfall methodologies and automates carried interest, performance fee, and distribution calculations. It imports data from upstream systems, performs controlled calculations and delivers reports and journal entries through a standardized workflow. Private…
Citi launches Custody+
Citi has launched Custody+, a suite of near- and real-time solutions to meet always-on industry demand. The announcement comes as the bank completes the U.S. rollout of its patented Single Event Processing (SEP) technology, a milestone in the transformation of its custody infrastructure. Custody+ will process every asset servicing transaction through a single seamless flow…
NT signs with Lukka
Northern Trust has entered into an agreement with Lukka to deliver a digital asset reporting capability. Lukka provides institutional-grade digital asset data infrastructure, software, and analytics. Under the agreement, Northern Trust will leverage Lukka’s platform to support connectivity across >100 blockchains and >400 centralised exchange and decentralised exchange sources, along with custodians, OTC desks, wallets,…
NAV signs for NTRS’ banking APIs
Northern Trust has launched APIs for its banking services, providing asset servicing banking clients with real-time access to data and services through automated connectivity. The API solution enables clients to integrate banking data directly into their operational workflows. NAV Fund Services, a U.S.-based fund alternative fund administrator, is the first client to implement the new…
BNY collaborates with Galaxy
BNY has struck a deal with Galaxy, the digital assets specialist, to advance the digital asset infrastructure for institutional markets, including support for staking, a process that allows eligible digital assets to earn rewards, on BNY’s digital asset custody platform. This will combine digital asset custody and staking within a single institutional servicing model. Eligible…
ZILO launches digital TA platform
ZILO, the UK-based fintech delivering global asset and wealth management software, has launched a fully integrated digital transfer agency platform, unifying traditional mutual fund administration with digital asset capabilities, including digitally native issuance, across a single platform. ZILO has also struck a deal with Ripple, which will join as an investor. The partnership brings together…
BNY launches digital TA
BNY has launched its digital TA capabilities, supporting digitally native funds. The service will initially be launched with select clients in the U.S. and U.K., with plans for expansion. Early adopters are BNY Investments Dreyfus, Baillie Gifford, which co-designed its offering with BNY, and BlackRock.
Citco launches credit portal
Citco has launched Citco Credit Portal, a unification of its credit ecosystem that creates a single-point-of-entry experience for clients to access all loan data and credit products. The portal is initially being made available to Citco’s loan agency and servicing clients.