SimCorp, the investment management fintech that is being acquired by Deutsche Börse, has struck a partnership with Battea Class Action Services, LLC, a U.S.-based provider of class and collective action antitrust and securities litigation recovery services. As part of the partnership, Battea will join SimCorp’s Open Platform program, designed to offer SimCorp clients access to…
Category: Product
Arcesium partners with Confluence
Arcesium, the administrator which claims to have USD675bn AuA, and Confluence, a fintech solutions provider for the investment management industry, have formed a partnership to deliver an integrated data management and analytics solution for middle & back-office operations for asset managers, delivering workflow efficiency in performance, risk, and regulatory reporting. The offering will integrate Confluence’s…
CACEIS granted PSAN status
CACEIS Bank, the CACEIS group’s French banking entity, has been granted PSAN (digital assets service provider) status by the AMF, France’s financial markets authority. PSAN status enables CACEIS Bank to offer digital asset custody services to third parties, CACEIS says it is the first milestone in the development of a digital asset custody service that…
Pirum launches recall service
Pirum, the UK-based securities finance fintech, has gone live with a global and interoperable Recalls Service, which streamlines and automates the entire end-to-end recall workflow. Pirum claims that this solution “delivers significant efficiencies and assists with compliance ahead of T+1 regulation in the US, Canada and Mexico”. The service aims to transform the recall management…
Equilend and Broadridge team up on STP
EquiLend, the securities finance technology firm, has agreed with Broadridge Financial Solutions to facilitate STP to the NSCC’s CCP for equity securities finance transactions. The new service will deploy EquiLend’s liquidity sourcing options and allow clients to trade and automatically submit via Broadridge’s newly launched SFT Submission Service, which provides the market with the capability…
Citco to open in Puerto Rico
Citco, the specialist alternatives administrator with USD1.8trn AuA, has chosen Mayagüez, Puerto Rico, as its latest base for a client support centre. Citco says it has chosen Puerto Rico due to its broad availability of educated professionals in the financial sector. The Mayagüez office, which will open in 2024, will be led by Colin Johnson,…
BNPP deploys AI-driven virtual agent
BNP Paribas’s securities services business has launched a virtual agent, NOA (NextGen Online Assistant), on its client services portal, NeoLink. NOA deploys the latest cognitive technology from Amelia, a U.S.-based provider of enterprise conversational AI. Leveraging Amelia’s advanced machine learning for context recognition, NOA helps clients find the information they need quickly and efficiently. NOA…
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
Citi hires senior manager from Morgan Stanley
Vibhor Singh has joined Citi as head of data products and platforms for the securities services business. He joins from Morgan Stanley, where he led data strategy and execution for Morgan Stanley Wealth Management. Joe Bonanno, global head of data, digital & innovation, joined from Morgan Stanley Wealth Management in 2022.
Clearstream partners with Consort1
Clearstream has partnered with Consort1, a fintech specialising in repo and securities lending, to enable the placement of secured deposits as tri-party custody agent. The placement was done in collaboration with Standard Chartered Bank, NatWest, Alpha Group, BankClarity, and Arlingclose, with Gloucestershire County Council being among the first UK local authorities to use the new…