Suntera Fund Services, a provider of fund administration and loan administration and loan agency services for private credit funds, has partnered with Tenor, the AI-powered platform aiming to improve private credit operations, to enhance efficiency, automation, and scalability in loan administration through a co-sourcing model. This collaboration enables Suntera to leverage Tenor’s Loan Central, AI-driven…
Category: Product
STP launches bundled solution
STP Investment Services, a U.S.-based provider of investment operations, fund administration, and compliance solutions, has launched STP LaunchAdvisor, a bundled service designed to deliver fund administration, investor services, regulatory filings, and core policies designed for exempt reporting advisers and private fund managers. The offering aims to eliminate the need for multiple service providers and provide…
U.S. Bank launches closed-end fund solution
U.S. Bank Global Fund Services has introduced its CEF Accelerator Platform, which provides a cost-effective way for investment managers to launch alternative investment products through registered closed-end funds. Rockefeller Municipal Opportunities Fund from Rockefeller Asset Management is the first fund to use the platform. The CEF Accelerator Platform brings a suite of partners – legal…
Canoe hires head of product
Canoe Intelligence, the fintech focused on alts management, has appointed Zack Helgeson as head of product. He will lead product strategy, innovation, and execution across the company’s data automation and analytics platform. Before joining Canoe, he was head of product strategy, analytics at Nasdaq.
NTRS expands with TCS
Northern Trust has expanded its relationship with Tata Consultancy Services (TCS) to enhance its global securities settlements platform, which covers 99 markets. Northern Trust has deployed TCS BaNCS for corporate actions and income processing since 2017. This latest collaboration gives Northern Trust access to the TCS BaNCS global securities platform, which offers multi-entity, multi-market and…
BBH and MUFG sign sec lending deal
Brown Brothers Harriman has entered into an arrangement with MUFG Investor Services, a division of Mitsubishi UFJ Trust and Banking Corporation (MUTB), under Mitsubishi UFJ Financial Group, Inc, for the provision of enhanced securities lending services to BBH’s asset manager and financial institutions clients globally. BBH clients will benefit from an enhanced securities lending product…
IFDS to be restructured in Europe
State Street and SS&C Technologies plan to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration. Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organisation’s respective operations. State Street…
BNPP partners with Broadridge
BNP Paribas’ securities services business has partnered with Broadridge to expand its global custody services, appointing Broadridge as service provider for its global securities class action services.
Vistra links to 1776ing
Vistra, the Asia-based administrator, has partnered with 1776ing, a fintech platform for alternative investments, to streamline investor data transfer through direct digital connectivity. The integration with 1776ing will enable Vistra to deliver a fully digitised subscription process for alternative investments. The result will be an instant, complete and active investment record in Vistra’s transfer agent…
IQ-EQ launches MO service in Europe
IQ-EQ has expanded its middle office service offering into Europe, leveraging its U.S. experience. Paul Griffith, chief commercial officer for Ireland, will oversee the implementation of this offering across Europe and the UK.