BNY Mellon is expanding its Custody FX offering, adding new trading capabilities and evolving from a primarily custody-focused service model into a transparent open architecture that can be leveraged by a variety of client types for their rules-based, end-to-end transaction needs. Effective immediately, clients in the FX trading programs can customise how they trade currencies…
Category: Product
U.S. Bank launches cryptocurrency custody service
U.S. Bank has launched its cryptocurrency custody service, targeted at institutional investment managers with private funds in the U.S. and/or Cayman looking for a safekeeping solution for Bitcoin, with additional coin support to follow. NYDIG, a technology and financial services company dedicated to Bitcoin, is the first crypto sub-custodian appointed in the bank’s network of…
Apex rebrands Senasen
Apex Group has launched a digital marketing platform, Apex Profilir, designed to connect LPs and GPs and support the capital raising process. It follows the acquisition of Senasen earlier this year.
CACEIS strikes deal with FundGlobam for distribution support
CACEIS has struck a deal with FundGlobam, a European provider of fund distribution services, to offer asset management companies an all-in fund distribution support solution. The services on offer are structured around three pillars: Distribution strategy services, covering market characteristics, trends, participants and regulatory frameworks in more than 80 countries to identify the most appropriate…
Northern Trust launches UMR solution
Northern Trust has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of OTC derivatives. The solution, developed in advance of the deadline for implementation of Uncleared Margin Rules (UMR), is part of Northern Trust’s integration of Acadia’s margin management solutions.
State Street goes live with Acadia
State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
Northern Trust applies AI to alternative investment data
As part of its initiative to digitise alternative asset servicing, Northern Trust has launched an AI-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients. Built in collaboration with Microsoft Azure Applied AI Services, and business and consulting firm Neudesic, the proprietary solution transforms…
State Street launches GIPS solution
State Street has struck a partnership with The Spaulding Group, a provider of investment performance measurement services, to launch its Global Investment Performance Standards (GIPS) asset owner solution. The combination of State Street’s core performance services and operational support with The Spaulding Group’s educational, consulting, and verification capabilities aims to provide asset owners with the…
FundRock launches ADGM ManCo
FundRock, an Apex subsidiary that provides third-party UCITS ManCo and AIFM services, has launched FundRock (ME) Ltd. in the Abu Dhabi Global Market, following full regulatory approval by the ADGM Financial Services Regulatory Authority. FundRock ME will offer a ManCo for Qualified Investor Funds and Exempt Funds in the ADGM.
Broadridge expands proxy voting service
Broadridge Financial Solutions, a U.S.-based fintech, has expanded its Direct Market Solutions service, a custodian-focused, golden copy event sourcing and vote execution extension to Broadridge’s global proxy solution. Enhancements to DMS include expansion of coverage to 20 markets, improvements to market deadlines and extended voting windows by up to three days, and a reduction in…