Bitcoin Suisse has appointed Markus Perdrizat as head of custody at Bitcoin Suisse AG and CEO of Swiss Crypto Vault AG. He was formerly responsible for the blockchain risk assurance practice at PwC Switzerland. His predecessor, Philipp Vonmoos, will remain on the board of directors of Swiss Crypto Vault AG as he moves into a…
Category: FinTech
Citi deploys bots to offer RT processing for matching & settlement in HK
Citi has launched a proprietary bot technology solution in Hong Kong to offer its securities services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to activate stock borrowing in a timely fashion if needed. Citi’s solution uses bot technology to pull data…
MUFG selects Broadridge’s Sentry for private debt admin
MUFG Investor Services has selected Broadridge’s Sentry loan tracking and reporting software to service its clients in the private debt space. The web-based system, which Broadridge added to its solution set with its 2019 acquisition of ClearStructure, enables users to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.
BP2S’s Ffyn reports strong growth
BNP Paribas reports that Ffyn, the collaborative fund information platform supported and incubated by BNP Paribas Securities Services, now has 53 asset managers and investors on board, whilst collating information on more than 100,000 funds. Launched a year ago, Ffyn aims to become a single source of information for the mutual fund industry by bringing…
Citi forges alliance with BlackRock’s Aladdin
Citi has become the latest custodian to forge an alliance with BlackRock, through its Aladdin Provider network, to enhance the delivery of securities services to Citi’s clients who utilize the Aladdin end-to-end investment management platform. Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly through a client’s Aladdin platform for integration with…
Archer hires Christopher Parris to join client experience team
Archer, a U.S.-based service provider to the asset management industry, has appointed Christopher Parris as part of the client experience team. He joins from Penn Capital, where he most recently supported the firm’s institutional client and consultant relationship management practices.
HSS to deploy Wall Street Office for private loans admin
HSBC has chosen the IHS Markit Wall Street Office (WSO) platform to provide private loan administration services for clients of its securities services business. IHS Markit will perform the loan administration and reconciliation process, which will integrate into HSBC’s fund accounting platform. The service will provide clients with real-time access to loan portfolio reporting. Private…
HK’s Hex Trust hires Colin Brooks as an advisor
Hex Trust, a Hong Kong-based digital assets custody platform provider, has hired Colin Brooks as an advisor. Brooks worked at HSBC for most of his career, mainly in Asia, latterly as global head of sub-custody and clearing. He also spent five years at Standard Chartered before retiring earlier this year.
Fund Recs hires Mark Lacana as chief revenue officer
Fund Recs, the Ireland-based reconciliation platform for the global funds industry, has appointed Mark Lacana as its chief revenue officer. He joins from AltaReturn and is based in Boston, reporting to Alan Meaney, Fund Recs CEO.
BP2S automates key asset servicing documentation with NLU and IDP
BNP Paribas Securities Services has automated the processing of key asset servicing documentation, part of the group’s digital transformation programme. The initiative, which took 12 months to implement, aims to enhance back office operational efficiency, increase straight-through processing rates and reduce services turn-around times for clients. Using Natural Language Understanding (NLU) and machine learning, including…