Altered Capital has become a significant shareholder in ZILO, the UK-based technology company currently specialising in transfer agency and the investor experience. Altered has acquired a 6.5pct stake from several early seed investors. Altered joins other investors in ZILO, including Fidelity International Strategic Ventures, Portage, State Street and Citi.
Category: FinTech
AmerX deploys SFCM
Americas Executions (AmerX), a full-service broker-dealer, has implemented Broadridge’s Securities Finance and Collateral Management (SFCM) platform to support its newly launched securities lending business. SFCM will enable AmerX to manage its securities lending operations, including collateral management, trade lifecycle management and risk assessment.
Pirum links with BNPP
Pirum, the UK fintech for securities finance automation and collateral management, has connected its exposure and collateral management solutions to BNP Paribas’ securities services business. As a result of the collaboration, mutual clients of BNPP’s triparty collateral services and Pirum now gain automated exposure and collateral management processing visibility, efficiency and transparency across their securities…
BR launches eFront Provider
BlackRock has launched eFront Provider, designed to enable asset servicers to offer asset managers a modern fund servicing experience, complete with real-time views into their private markets investor, fund and investment data. eFront Provider complements BlackRock’s widely used fund administration, investor servicing and data management capabilities for private markets asset servicers. Apex has been onboarded…
Russell-Jones forms sales consultancy
Marc Russell-Jones has established a consulting business, AIMES Advisory, “dedicated to optimising sales strategies for securities services and fintech businesses seeking targeted growth”. He was previously at Broadridge, and has worked for many of the largest custodian banks.
CACEIS works with Spiko on MMF tokenisation
CACEIS has enabled clients to subscribe to the first French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. This marks the launch of CACEIS’ new custody architecture for tokenised financial instruments and crypto assets. Spiko, a pioneering French fintech known for its blockchain-based fund unit tokenisation solution, and Twenty First…
Temenos hires from LSEG
Temenos has appointed Barb Morgan as chief product and technology officer. Reporting to Temenos CEO Jean-Pierre Brulard, she will join the company’s ExCo and lead the technology and product organisation. Barb joins Temenos from the London Stock Exchange Group, where she served as group head of product for data and analytics, leading the Microsoft-LSEG partnership.…
FundBank hires from State Street
FundBank, a provider of banking solutions to the alternatives sector, has appointed Marcia Rothschild as senior managing director, head of business development. Rothschild joins from State Street, where she was head of LatAm and the Caribbean.
SS&C launches AI platform
SS&C has launched SS&C Accord, an AI-enabled service to help wealth managers aggregate and validate their clients’ alternative investment data. SS&C Accord leverages SS&C’s wealth management and alternative investment fund administration expertise to help advisors aggregate and process siloed data across their investors’ portfolios. Wealth managers, RIAs, pension funds, endowments and family offices can view…
CACEIS implements Nephelai
CACEIS has integrated a machine learning solution from Nephelai, a French fintech, that facilitates middle-office trade management. Machine learning streamlines client transaction processing, from capture, verification, enrichment and confirmation to settlement monitoring and penalty management. Prior to sending orders to the market, the solution scans every transaction, detecting anomalies, filling in missing information or correcting…