State Street has opened up its Fund Connect ETF platform to support all ETF issuers, regardless of their service provider. The platform was previously only available to issuers serviced by State Street. The Fund Connect platform links APs and issuers. Fund Connect ETF is a global online trading portal for the creation and redemption of…
Category: FinTech
Mainstream partners with Finomial for client onboarding
Finomial, a compliant client lifecycle management platform, is partnering with Mainstream Fund Services, a provider of full-service fund administration and part of Australia-based Mainstream Group. The partnership leverages technology to streamline the investor onboarding processes and enhance investor data security.
SS&C hires Gautam Moorjani to lead intelligent automation solutions group
Gautam Moorjani has joined SS&C to lead its newly formed intelligent automation solutions group. He will report to Mike Sleightholme, senior vice president and general manager. The group will focus on helping clients with digital transformation using technologies such as workflow management, machine learning, natural language processing, and robotic process automation. He joins from PwC,…
PayPal agrees to acquire Curv
PayPal has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset custody and security, with headquarters in New York and an R&D centre in Israel. In 2020 Curv collaborated with BNP Paribas Securities Services on a proof of…
PPS Investments selects SS&C’s Sylvan performance platform
PPS Investments, a subsidiary of the Professional Provident Society in South Africa, has chosen SS&C’s Sylvan platform for global performance measurement and attribution . The platform will support USD2.74bn AuM across PPS Investments’ business.
HSBC launches FX HEAT to analyse FX hedging effectiveness
HSBC has launched FX HEAT, a tool for asset managers and institutional investors to independently analyse the effectiveness of their currency hedging strategies. Users can access independent reports on an automated basis to enhance the governance and oversight of their FX hedging. HSBC’s FX services team worked in collaboration with an independent quantitative specialist to…
Burgiss hires Ben Cluny as EMEA head of client coverage
Burgiss, the provider of data, analytics and technology solutions for private capital investors, has hired Ben Cluny as head of client coverage for EMEA. He was previously head of sales for EMEA and head of Asian operations at Preqin. Based in London, he will report to Jay McNamara, president of Burgiss.
Northern Trust adds Venn to investment analytics suite
Northern Trust has entered into a strategic agreement with Two Sigma to offer Venn, a cloud-based investment analytics platform, to its clients. Venn by Two Sigma will help Northern Trust provide asset allocators with enhanced portfolio insights and analytics designed to help investment teams make more confident asset allocation, manager selection and quantitatively driven investment…
HSBC moves Corda to Google Cloud
In what is believed to be an industry first, HSBC has moved Corda Enterprise, the blockchain platform developed by R3, on to Google Cloud. The move aims to cut client onboarding times from months to weeks, improving the client experience and significantly reducing costs. Moving the Corda technology to Google Cloud gives the bank the…
ARAG chooses AssetMetrix for alts investment analytics
AssetMetrix, the German fintech in which BNP Paribas has a stake, has been appointed by ARAG, the German insurance group, for the expansion of digital back and middle office processes for its alternative investments portfolio. ARAG will use AssetMetrix’s portal-based platform to analyse its investment decisions based on tools for performance, risk management, benchmarking and…