Northern Trust Canada has launched an online portal, Benefit Payment Participant Passport, enabling advanced automation for participants of Canadian benefit plans. The portal allows pension and benefit plan participants to access their program information in real time, 24 hours a day, seven days a week, in French or English. The self-service option supplements mailings, call…
Category: Product
HSBC chooses Ultumus as ETF PCF provider
HSBC has chosen ETF and index data provider Ultumus to be its portfolio composition file (PCF) solution provider. Ultumus will be responsible for performing PCF creation and distribution for HSBC’s ETF clients globally. The first clients will be switched to the Ultumus platform in Q4 with the rest being completed in early 2021.
Citi adds client reporting functionality to Clarity
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…
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…
U.S. Bank supports new multiple series trust from Harborside
Harborside Group, an independent investment sales and marketing firm dedicated to serving the distribution needs of the asset management industry, has launched a multiple series trust that includes comprehensive proactive distribution services. The MST, Total Fund Solution, has been formed in collaboration with U.S. Bank Global Fund Services.
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…
SGSS expands African custody coverage to Cameroon
Société Générale Securities Services has extended its securities custody and issuer services offer to Cameroon in Africa, with the support of Société Générale Cameroun, a group subsidiary. SGSS already provides securities services in Morocco, Tunisia and the West African Economic and Monetary Union.
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…
European Depositary Bank receives regulatory approval in UK
European Depositary Bank, London branch, a subsidiary of Apex, has received approval from the Financial Conduct Authority to provide full depositary activities in the UK. The authorisation supplements the Apex’s existing depositary and custody services delivered in Luxembourg and the Channel Islands, and follows approvals from the regulators of Malta and Ireland, in 2019.