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.
Category: Product
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.
RBC hires two senior managers for Canada
RBC has hired Kevin Lui as head of custody product. He left Citi earlier this year after nearly 29 years. Additionally, Marijana Jovanovic has recently joined as head of product transformation, Canada. She joins from Manulife, where she was most recently responsible for leading transformation of the corporate treasury function. Prior to this, she was…
Fenergo upgrades KYC offering
Fenergo, the provider of digital solutions for KYC and CLM, has launched a new perpetual KYC solution to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation. The solution, Fenergo Smart Review, automates the continuous monitoring of client profiles for KYC compliance by identifying all changes to relevant entity data,…