Category: FinTech

Temenos, the banking software company, has signed an agreement to sell Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for a total enterprise value of about USD400m, including an earnout. The Multifonds executive management team will invest alongside Montagu. The transaction is subject to customary closing conditions and…

IDR, a private markets investor onboarding platform, has hired Kevin Skorzewski as senior commercial development director, based in New York. He joins IDR from BNY where he led the bank’s alternative asset managers business development team for the Americas.

Highvern, Telemos Capital and Permian have signed binding agreements to combine Highvern and Permian to create a funds and private capital services provider. Existing shareholders will re-invest alongside both senior management teams. Telemos, backed by the Jacobs family, will ensure the new group has the financial support to continue investing in its service offerings, people…

Tom Kinnally, a former Morgan Stanley & BlackRock managing director, has Joined Saphyre, the specialist fintech. He will focus on accelerating Saphyre’s client engagement and growth. Kinnally will assist Saphyre’s executive leadership to deploy intelligent solutions for trade settlement.

Temenos the Swiss based fintech, has appointed Sairam Rangachari as chief product officer, Reporting to Temenos chief product and technology officer Barb Morgan, he will lead the development of Temenos’ solutions and define the company’s overall product strategy. Most recently, he founded and led the product and technology function at Tandym, a digital payment wallet…

Eurex Clearing plans to launch a collateral mobilisation service, supported by DLT, in Q2 2025. The flexibility, speed and efficiency of collateral transfers should be enhanced by mobilising collateral with the support of the HQLAX digital ledger. The goal is to ensure that securities collateral becomes easily accessible, independent of its physical location, and can…