TMF Group Fund Operations (Ireland) Limited, part of the TMF Group, a Netherlands-based provider of compliance and business administration services, has received authorisation from the Central Bank of Ireland to offer fund administration and transfer agency services to alternative funds. The licence comes after the acquisition of Goodbody Fund Management, the AIFM and ManCo division…
Category: Product
Citi expands with Multifonds
Citi has extended its 20-year relationship with Multifonds to consolidate its current regional fund accounting operation into a global operating model through the Temenos Multifonds SaaS solution. Citi’s move to a global operating model for its fund services business, and from an on-site platform to Multifonds SaaS, will enable it to manage its business across…
Centralis expands in Europe
Centralis, the Luxembourg-based provider of alternatives and corporate administration and business solutions, has opened an office in Madrid, Spain. Elena Perez will head the office as general manager. The new office will cater to both the alternatives and corporate financing sectors.
BNY Mellon partners with AccessFintech for T+1
AccessFintech, the UK-based provider of real-time data insights and collaboration across financial markets, is working with BNY Mellon to bring a joint solution to the market for addressing FX workflow challenges ahead of the imminent switch to T+1 settlement in the U.S.. BNY Mellon and AccessFintech are collaborating to provide clarity on securities trades’ ‘predicted…
Socium partners with Axos
Axos Bank, the bank subsidiary of Axos Financial, Inc., has partnered with Socium Fund Services, a Suntera Global company specialising in private equity and private credit fund administration, to upgrade Socium’s loan agency offering and overall fund administration services for its private fund clients. This alliance enables Socium to manage all loan file management operations…
FINBOURNE partners with Droit
Droit, a technology firm specialising in computational law and regulation, will partner with FINBOURNE Technology, a provider of cloud-based investment data management software, to launch an end-to-end position reporting solution for increased regulatory transparency. Over one hundred global jurisdictions have position reporting obligations, requiring market participants to report equity and equity derivatives holdings to regulatory…
Northern upgrades SAP
Northern Trust has upgraded its SAP Financial Asset Management application to SAP S/4HANA, which enhances its insurance investment accounting and analytics services solution, developed to support the full spectrum of investment accounting and regulatory reporting needs for U.S. insurance companies and corporate and endowment markets. The upgrade incorporates Northern Trust’s interactive digital interface with SAP…
ULTUMUS partners with Calastone
ULTUMUS has integrated Calastone’s ETF servicing technology with ULTUMUS’ COSMOS ETF creation/redemption platform. The integration allows a full, front-to-back deployment for fund managers and asset servicers to centralise and streamline the entire ETF process, from order capture and approval through order management, cash confirmation, settlement, and reporting. ULTUMUS claims to be the largest PCF calculation…
SimCorp launches integrated platform
SimCorp has launched a new flagship integrated platform solution for the buy-side, SimCorp One. SimCorp One includes Dimension, Axioma, client communications, data management services, and business services, as well as SimCorp’s ecosystem of third-party solutions, all connected to its IBOR platform.
Pirum hires for North America
Pirum, the post-trade services fintech specialising in the securities finance sector, has hired Mark Jennis to lead business development for CollateralConnect in North America. Jennis was previously at Transcend, a provider of liquidity, funding, and collateral optimisation solutions.