Northern Trust has entered into an alliance with IHS Markit, provider of the thinkFolio multi-asset class investment management platform. The integration between thinkFolio and Northern Trust’s middle office outsourcing platform will provide opportunities for both firms to offer mutual institutional clients solutions and services, leveraging one another’s strengths across the investment value chain. Northern Trust…
Category: FinTech
BP2S teams up with Eastspring and STACS to improve ETD processing via DLT
Eastspring Investments, BNP Paribas Securities Services and Singapore-headquartered fintech firm Hashstacs Pte Ltd have implemented what they claim is a first-in-market blockchain-driven solution to enhance trade lifecycle management capabilities for exchange traded derivatives (ETDs). The trading fee calculation platform, Mercury, addresses current inefficiencies in the trade lifecycle management of ETDs. Mercury provides centralised and transparent…
BNY Mellon & Google Cloud partner to improve U.S. Treasurys efficiency
BNY Mellon has partnered with Google Cloud to help U.S. Treasury market participants predict settlement failures, generate significant capital and liquidity savings, and unlock operational efficiencies. The initiative will leverage Google Cloud’s data analytics, artificial intelligence and machine learning technologies to develop new collateral management and liquidity solutions built on Google Cloud. BNY Mellon is…
Marketnode joins forces with Covalent for E2E digital FI solution
Marketnode, the digital assets joint venture between the Singapore Exchange (SGX) and Temasek, has partnered with fixed income issuance and data firm, Covalent Capital, to build what they claim is Asia Pacific’s first end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek. As part of…
U.S. Bank partners with Lumint for passive FX hedging
U.S. Bank has enhanced its suite of FX solutions with a new passive currency hedging service to support asset managers and asset owners. The new global currency management solution offers institutional investors an automated and scalable solution for portfolio and share class currency hedging with available look-through and index replication strategies. The tool is powered…
Vontobel signs for State Street Alpha
Vontobel Asset Management, the Swiss asset manager with CHF120bn (USD135bn) AuM, has signed a multi-year service agreement with State Street, under which Vontobel will deploy State Street Alpha, the integrated front-to-back investment servicing platform. The partnership will include front office technology, investment operation services, Alpha data services and liquidity risk solutions. Felix Lenhard, Vontobel COO…
Cecabank chooses Broadridge for global proxy voting solution
Cecabank S.A., one of the largest global custody banks in Spain, has selected Broadridge Financial Solutions, Inc., a fintech provider, for its global proxy voting solution.
Citi launches dynamic fund order processing service
Citi has launched a new service for advisor clients that automates the allocation of cash across a range of funds and manages all aspects of order processing between advisor clients and fund providers. With its Dynamic Allocation and Fund Order Processing service, a client can send an order through industry standard or proprietary messaging to…
Callum Runcie joins Coremont to head North America sales
Coremont, the UK-based provider of investment management support services, has appointed Callum Runcie as its senior sales executive for North America. Runcie joins from Options IT, where he was sales director, buyside. He previously worked for HSBC’s securities services business.
James Griffin to head global sales for SS&C’s Eze products
SS&C has appointed James Griffin to lead global sales for Eze Eclipse and Eze Investment Suite. Griffin joins from Orbital Insight, where he headed sales for the Americas.