U.S. Bank’s investment services business has gone live with Fenergo’s Fen-X platform, which automates many of the manual processes traditionally associated with underlying investors and direct client relationships and accelerates account setup while maintaining regulatory requirements. The enhanced onboarding experience provides investors and clients with more transparency throughout the process and enables integration with other…
Category: FinTech
NAV signs for NTRS’ banking APIs
Northern Trust has launched APIs for its banking services, providing asset servicing banking clients with real-time access to data and services through automated connectivity. The API solution enables clients to integrate banking data directly into their operational workflows. NAV Fund Services, a U.S.-based fund alternative fund administrator, is the first client to implement the new…
BNY collaborates with Galaxy
BNY has struck a deal with Galaxy, the digital assets specialist, to advance the digital asset infrastructure for institutional markets, including support for staking, a process that allows eligible digital assets to earn rewards, on BNY’s digital asset custody platform. This will combine digital asset custody and staking within a single institutional servicing model. Eligible…
ZILO launches digital TA platform
ZILO, the UK-based fintech delivering global asset and wealth management software, has launched a fully integrated digital transfer agency platform, unifying traditional mutual fund administration with digital asset capabilities, including digitally native issuance, across a single platform. ZILO has also struck a deal with Ripple, which will join as an investor. The partnership brings together…
BNY invests in LemonEdge
LemonEdge, a fund accounting platform for private markets, has completed a USD21m Series A investment round to accelerate product development and continued expansion in the U.S. and Europe. Blackstone Innovations Investments, Blackstone’s early-stage investment arm, led the funding round. They are joined by BNY, with participation from long-time investor Sidekick Partners.
Bloomberg to buy Canoe
Bloomberg has entered into a definitive agreement to acquire Canoe Intelligence, an AI-powered data management and intelligence platform for automating private markets data collection and delivery. Processing over 1.5m documents per month across more than 44,000 funds, Canoe delivers structured, portfolio-ready insights, to over 500 institutional clients representing more than USD11trn AuM.
CAIS raises USD170m
CAIS, a U.S.-based alternative investment platform for independent financial advisors, has raised USD170m through a Series D financing with lead participant Vista Equity Partners, and additional investment from AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and RBC. The investment round values CAIS at >USD2bn.
Citco launches credit portal
Citco has launched Citco Credit Portal, a unification of its credit ecosystem that creates a single-point-of-entry experience for clients to access all loan data and credit products. The portal is initially being made available to Citco’s loan agency and servicing clients.
JTC collaborates with Asset Class
JTC, the UK-listed administrator being taken private by Permira, and Asset Class, the U.S.-based fintech focused on private markets, have launched JTC ONE in the U.S., an end-to-end solution for private markets firms that combines fund administration with a purpose-built digital investor experience. JTC ONE combines two specialist businesses with complementary strengths: JTC’s expertise in…
SEI expands TA service
SEI has expanded its transfer agency solutions with the launch of SEI Transfer Agency and Registry Services, Inc. to support a broader range of fund structures. Registered with the SEC, the business supports U.S.-based traditional and alternative asset managers offering SEC-registered, retail-distributed funds. It will leverage core technology from Envision Financial Systems, an investor accounting…