Citi has launched a new client reporting solution as the latest enhancement to its middle office services. The new reporting service is built on the Vermilion Reporting Suite, a global client reporting platform, coupled with Citi’s own Clarity data and analytics platform. The new reporting service offers asset manager clients a low-touch, automated solution for…
Category: FinTech
Ultimus launches second phase of uSUITE platform
Ultimus, the U.S.-based independent fund services provider, has completed the second phase of the company’s proprietary uSUITE technology platform. uSUITE uses robotic process automation to streamline massive amounts of back-end data processing, eliminating the need for manual intervention. Ultimus expects to launch the third phase before year-end.
Northern Trust adds reporting functionality to Front Office Solutions
Northern Trust has released two new reporting capabilities – valuation status and advanced client reporting – for its Front Office Solutions clients. The new FOS valuation status tool enables institutional investors to more accurately measure current portfolio values and issues alerts when prices are updated. The advanced client reporting tool allows users to customise report…
Citi rolls out enhancements to Clarity data platform
Citi has enhanced its securities services data services platform, Citi Velocity Clarity. The enhancements to Clarity include a new integrated reporting tool that enables clients to overlay their own data, including graphical elements, with Citi held data to publish tailored reports. Data from middle-office trade processing, ETFs, and custody billing has been integrated into Citi’s…
Saphyre adopted by J.P. Morgan and BlackRock
J.P. Morgan Securities Services and BlackRock have adopted Saphyre’s platform to digitise the account opening workflow, eliminating manual processes, improving scalability and enabling buy-side clients to be ready to trade more quickly. Saphyre’s technology provides BlackRock and other buy-side firms with an efficient process for opening accounts with custodians and broker-dealers. Saphyre is a U.S.-based…
BP2S partners with Digital Asset in Asia Pacific
BNP Paribas Securities Services has established a partnership with Digital Asset to design a number of real-time trade and settlement apps using DAML smart contracts. The new apps will provide market participants in Asia Pacific with real-time access to the Australian Securities Exchange (ASX) and Hong Kong Exchange (HKEX)’s anticipated DLT-based trading and settlement platforms.…
Milestone hires Marian Azer to head Asia Pacific
Milestone Group, the fund industry fintech firm, has hired Marian Azer as managing director for Asia Pacific, based in Sydney. Reporting to London-based CEO Paul Roberts, Azer will have overall responsibility for market engagement, client success and go-to-market strategy across APAC, with particular emphasis on the Australian and New Zealand markets. Most recently, she was…
Arcesium opens UK office, hires Chris Barrow to head European bus dev
Arcesium LLC, the U.S.-based financial technology and professional services firm, has opened an office in London. Chris Barrow has been appointed as the head of business development for Europe, based in the new London office. He was head of ENSO Financial Analytics in Europe, and has also worked at BBH and HSBC.
Bardin Hill IM takes SS&C’s Eze OMS for FI portfolio
Bardin Hill Investment Partners, a credit-focused investment management firm with >USD8.5bn AuM, has chosen SS&C’s Eze OMS for its fixed income portfolio. The firm has also implemented the latest version of SS&C Geneva for fund accounting. Eze OMS now supports Bardin Hill’s operations across equities, performing credit, opportunistic credit, litigation finance, UCITS, 40 Act and…
Apex to provide front-to-back solutions for UK’s Ardent Financial
Apex Group has been appointed to provide front to back office solutions to Ardent Financial Limited, a UK-based global securities dealer, using Calypso’s management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent. Apex will provide decision support, analytics and back office services to Ardent via the Calypso platform…