BNY has entered into a definitive agreement to acquire Archer Holdco, LLC a provider of managed account solutions to the asset and wealth management industry. Archer provides asset and wealth managers with middle- and back-office solutions to address the managed account needs of institutional, private wealth and retail investors.
Category: Product
NTRS adds energy to platform
Northern Trust has upgraded its platform to support asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. The new energy and physical commodities offering will be available through Omnium, Northern Trust’s middle office and accounting platform.
State Street signs with Taurus
State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities…
State Street launches Sharia services
State Street now offers Shariah-compliant global custody and fund administration services following the attainment of a Shariah-compliant certificate from Amanie Advisors Sdn. Bhd, a Shariah advisory firm.
BNY partners with Snorkel AI
Snorkel AI has struck an agreement with BNY to provide software, expertise and insights that help turn unstructured data into actionable insights and solutions for clients. Snorkel AI is a California-based AI data development specialist, helping companies move from legacy manual efforts to a programmatic approach for more affordable, scalable and secure AI model creation.
Fenergo partners with Deloitte
Fenergo, the Ireland-based provider of digital solutions for KYC, transaction monitoring and client lifecycle management, has partnered with Deloitte Ireland to deliver Fenergo’s AI-powered CLM solutions to financial institutions across EMEA. The alliance combines Fenergo’s technology with Deloitte’s business transformation expertise to create a centre of excellence for CLM. The collaboration will enable financial institutions…
Komainu approved in Switzerland
Following an update to its rules for listing crypto-asset-based products from SIX Exchange Regulation AG, Komainu (Jersey) Limited has been approved as a custodian of crypto assets under the new guidelines. The updated regulations expand the range of eligible crypto assets. A key addition is the requirement for these products to use custodians that are…
Amicorp granted AIFC licence
Amicorp Fund Services, the Asia-based fund services provider, has had its fund administration licence approved by the Astana International Financial Centre, Kazakhstan‘s financial hub. The licence adds to Amicorp’s seven other fund administration locations.
Zodia partners with Deribit
Zodia Custody has partnered with Deribit, the world’s largest crypto options exchange by volume, to expand its Interchange network. Institutional clients will be able to access derivatives liquidity while their assets remain in Zodia Custody’s segregated cold wallets.
SEI integrates with Canoe
SEI and Canoe Intelligence have launched an enhanced integration that automates the transmission of private equity and hedge fund valuations, as well as private equity call and distribution data, to improve operational efficiency for family offices using the SEI Archway Platform. The integration introduces a new data channel that makes it easier for SEI Archway…