Arcesium, the fintech that is backed by J.P. Morgan, has been selected by First Eagle Alternative Credit, an alternative credit investment manager with USD21bn AuM, to provide its reconciliation solution. Arcesium’s capabilities are designed to enable FEAC to optimise its reconciliation procedures, bolster its operational efficiencies, and achieve further economies of scale.
Category: FinTech
Northern Trust launches A-Suite forum
Northern Trust has launched A-Suite, a forum for asset owners and allocators featuring the latest insights, research, and networking opportunities, A-Suite is an online community and content hub designed for asset owners to collaborate on the issues that matter most to them. In addition to providing access to custom content and proprietary research, A-Suite aims…
Saphyre adds to board
Saphyre, the pre- and post-trade fintech platform, has appointed FinTech AI CEO, Wolfgang Koester, to its board of directors. Koester was the former chief evangelist & global head of financial institutions at Kyriba and, prior to that, CEO and co-founder of FiREapps.
IQ-EQ partners with Novata for ESG solution
IQ-EQ, the Luxembourg-based administrator, has formed an alliance with Novata, a technology platform providing private markets participants with an ESG data solution. The alliance aims to help portfolio companies report the highest quality data to investors and ultimately drive positive sustainable change. Through this platform, asset managers, investors and portfolio companies can identify the ESG…
Hazeltree appoints CTO
Hazeltree, the U.S.-based provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Richard Winter as chief technology officer. He joins from Finastra (formerly MISYS), where he was head of technology global services. Prior to Finastra, he spent more than 14 years at Capgemini Financial Services UK. Winter will report…
BNY Mellon to establish digital R&D hub
BNY Mellon is to establish a digital R&D hub in Dublin that will drive innovation in the areas of AI, ML, and data analytics. The development includes an initial EUR8m (USD8.5m) investment, with support from IDA Ireland. The investment will also lead to a more than doubling of the digital team in Dublin and the…
Apex appoints group president
Apex has appointed Samir Pandiri to the newly created role of group president and member of the executive committee. Reporting to founder & CEO, Peter Hughes, Pandiri will be responsible for overseeing functions including operations, technology product innovation, risk and human resources. He joins from Broadridge, where he was most recently responsible for post-trade technology,…
Clearstream and TMX to launch CCMS
TMX Group Limited, owner of the Toronto Stock Exchange, and Clearstream Banking, the ICSD owned by Deutsche Börse Group, plan to launch an automated collateral management service in Canada, which will include the introduction of Canada’s first domestic triparty repo capability. Targeted for launch in the third quarter of 2023, the initial phase of the…
Accelex launches PA&R platform
Accelex, the UK-based provider of a SaaS platform for alternative investment data acquisition, reporting and analytics, has launched its new portfolio analytics and reporting platform for institutional investors and asset servicing providers. The solution offers features that enable users to analyse portfolio drivers across their entire investment network, including underlying asset operating performance. The solution…
More users join Broadridge’s DLR
DRW, Société Générale and another bank have executed intraday repo transactions on Broadridge’s Distributed Ledger Repo (DLR) platform. These latest transactions follow DLR’s first intraday repo transaction in April 2023 and expand the user network.