Northern Trust has enhanced its currency management solutions with machine learning models designed to enable greater oversight of thousands of daily data points and help reduce risk throughout the currency management lifecycle. The solution has been developed in conjunction with Northern Trust’s strategic partner, Lumint Corporation. The advanced technology used by the Robotic Oversight System…
Category: FinTech
Northern Trust launches cloud-based version of Online Report Center
Northern Trust has launched a new version of its most popular client-facing tool, Online Report Center, as a cloud-based service with a redesigned user interface, available through its Passport client portal. New features include: Enhanced scheduling and interactive reporting and report packaging capabilities; Event-based and time-based report generation triggers; and Secure email attachments, email notifications,…
Citi spins off Proxymity into industry-owned utility
Proxymity, the digital investor communications platform developed within Citi‘s investor services business, has raised USD20.5m from eight market participants and will become a global, industry-led consortium. The consortium is comprised of BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street. The Proxymity team will be based in London, with a technology…
Intertrust selects Wall Street Office for loan administration
Intertrust, the Netherlands-based provider of administration and corporate services, has automated its loan administration, cash management and facility agent services by integrating its platform with IHS Markit’s Wall Street Office (WSO). The WSO platform is a scalable, cloud-based solution that will enable Intertrust to provide its fund and capital markets clients with a more efficient…
State Street collaborates with CLS for FX settlement reporting
State Street is collaborating with CLS, an FX market infrastructure group delivering settlement, processing and data solutions, to provide asset managers with a consolidated view of CLS settlement information across their accounts for the first time. The collaboration will combine TradeNeXus, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitor,…
Apex and Triple Point partner on upgraded TA platform
Apex, the Bermuda-based financial services provider, and Triple Point Liquidity, a New York-based financial technology startup, have formed a partnership to deliver an enhanced transfer agency platform to clients. The partnership will integrate Triple Point’s innovative registrar and transfer agency platform to better manage client liquidity through one integrated solution. The partnership will also enable…
SANNE hires Daryn Kerr as global head of tech change
SANNE, the UK-based provider of alternative asset and corporate business services, has appointed Daryn Kerr as global head of technology change. He will lead the establishment of SANNE’s enterprise architecture and technology portfolio to reflect and augment the group’s global strategic goals. He will work closely with SANNE’s chief technology officer, Marie Measures, in the…
SS&C to acquire Innovest for USD120m
SS&C has entered into a definitive agreement to acquire Innovest Systems for USD120m. New York-based Innovest builds systems for trust accounting, payments and unique asset servicing. The parties expect that the transaction will close in Q2 2020. The acquisition adds more than 150 full-time employees in New York, California, and Texas. Innovest’s flagship product, InnoTrust,…
Northern Trust partners with IdealRatings for ESG analytics
Northern Trust has partnered with IdealRatings to enhance its analytical capabilities for investors’ environmental, social and governance (ESG) risk exposures. The ESG Analytics Summary provides investors with periodic snapshot analysis across their equity and corporate bond portfolios, setting out investment scores against a range of ESG factors, UN global compact principles and business activity flags.
Northern Trust hires Alison Pain as CTO for EMEA
Northern Trust has named Alison Pain as chief technology officer (CTO) for Europe, Middle East & Africa. Based in London, Pain will lead the planning, organisation, direction and control of the enterprise technology business unit across EMEA. She reports to Tom South, chief information officer at Northern Trust, with a local reporting line to Teresa…