State Street has launched a new peer-to-peer financing platform, Venturi, specifically designed to connect buy-side firms with new sources of liquidity in the global repo space. Venturi, built through a partnership with FinOptSys, a fintech focused on the securities financing market, supports trade negotiations and enhances trade settlement and collateral management, allowing traders to better…
Category: Product
Saphyre extends platform to cover legal agreements
Saphyre‘s pre-trade and post-trade platform, which is used by some of the world’s leading financial institutions for account onboarding and maintenance, can now digitally track and permit parties to negotiate legal agreements on the platform. The legal module within Saphyre is agreement type-agnostic (ISDA, GMRA, MSFTA, MRA, etc.) and has templates to digitally structure ISDAs…
Northern Trust and EDS launch ESG workflow solution
Northern Trust and Equity Data Science, in which the bank has a stake, have launched an ESG workflow solution that will allow investors to access and share ESG information. The data aggregation tool leverages data science to increase transparency while enhancing efficiency and collaboration amongst investment teams.
Northern Trust hires AsPac innovation head
Northern Trust has hired Alvin Chia as head of digital assets innovation for Asia Pacific. Based in Singapore, Chia is responsible for delivering innovations aligned to Northern Trust’s digital asset strategy to clients across the Asia-Pacific region. Chia reports to Justin Chapman, global head of digital assets and financial markets. Chia was most recently the…
CACEIS adds Clarity AI to app store
CACEIS, the European asset servicing group, has added Clarity AI to its app store, Connect Store. Clarity AI analyses more than 50,000 companies and 300,000 funds, 198 countries and 188 local governments, using machine learning and big data to deliver insights on sustainability. Clarity AI provides direct access to a broad universe of ESG, climate,…
CRD collaborates with DirectBooks
Charles River Development, a State Street company, is collaborating with DirectBooks, enabling investment firms to manage primary issuance workflows in the Charles River Investment Solution (Charles River IMS). DirectBooks optimises primary issuance of fixed income securities by streamlining communications workflows between underwriters and institutional investors. Currently, 22 underwriters and over 250 institutional investors, including 17…
IDR launches MLRO service
IDR, a fintech specialising private markets investor onboarding, has launched an international MLRO service. Led by Ian Hotton, who has a long career in the anti-financial crime space, IDR’s MLRO service helps fund managers to navigate the complexities of AML and CFT compliance with a scalable technology-enabled solution. IDR’s MLRO service covers all principal fund…
Apex expands in Australia
Apex has expanded its global compliance solutions service to Australia. This follows the recent expansion to the Singapore and U.S. markets, with compliance services now offered across more than 13 jurisdictions in four regions. In Australia, the team will be led by Karen Waldon-White. Prior to its acquisition by MMC in 2021, she was CEO…
Citi launches Proxymity in A&NZ
Citi has launched Vote Connect Total, a digital proxy voting service provided by Proxymity, in Australia and New Zealand. As part of this arrangement, Proxymity will manage the full life cycle of proxy voting services for Citi clients in the ANZ markets. Proxymity Vote Connect Total is the digital proxy service powered by Proxymity’s investor…
Broadridge automates CREST events processing
Broadridge, the U.S.-based fintech, is to improve automated processing of corporate action and dividend events managed through the Euroclear CREST platform in the UK. The service includes event creation, instruction management, and payments processing and settlement, helping to reduce risk and cost.