BNY Mellon has announced four new fintech partnerships as part of its digital strategy: In collaboration with EZOPS, BNY Mellon has launched an artificial intelligence-based reconciliation and data control solution. BNY Mellon has already implemented the solution in its alternative investment services business and the firm is now expanding the capabilities across other lines of…
Category: FinTech
Citco takes stake, expands relationship with Solovis
Citco has expanded its partnership with Solovis, the multi-asset class portfolio management, analytics and reporting platform for asset owners and allocators. The partnership with Solovis covers business, technology and services and includes an equity investment in Solovis. Citco says this will enhance the performance reporting and analytics services provided by its recently launched institutional services…
BNP Paribas takes stake in Allfunds
BNP Paribas and Allfunds have entered into an agreement to create a global fund distribution and wealth technology platform. The transaction, which will see BNP Paribas Securities Services and BNP Paribas Asset Management receive together a stake of 22.5pct in Allfunds, is subject to regulatory approvals and required consultations. It is expected to close before…
Calastone hires Dan Kramer as U.S.-based vice chairman
Calastone, the UK-based global funds network, has appointed Dan Kramer as vice chairman, to be based in the firm’s New York office. Kramer joins Calastone from BNY Mellon, where he was an EVP and chief client experience officer, managing all stages of the client experience across service, insight and strategy. Prior to this, he spent…
BNY Mellon forms strategic alliance with Bloomberg
Following its alliance deal with BlackRock Solutions earlier this year, BNY Mellon has formed a strategic alliance with Bloomberg that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance platform. The new connectivity streamlines data delivery between the two firms and enables clients to access BNY Mellon’s…
Mercatus adds Jeff Conway to board
Mercatus, a technology provider to alternative investors and asset managers with USD540bn on its platform, has appointed Jeff Conway to its board of directors. Before leaving State Street earlier this year, Conway was head of global delivery and business transformation, having spent 30 years at the firm.
Exchangelodge adds fund admin oversight module
Exchangelodge, a US-based provider of SaaS digital process automation and data integration solutions to alternative investment managers, has launched Exchangelodge Version 2.0, which includes a fund administration oversight module. This module automates a fund of hedge fund manager’s review of their administrators by utilising workflows, business rules, and data interrogation to highlight exceptions.
Northern Trust launches securities loan pricing engine
Northern Trust has developed a securities lending pricing engine that uses machine learning and advanced statistical techniques to support revenue growth for clients by more effectively forecasting loan rates.
BP2S links to Broadridge for hedge fund front-to-back solution
22JUL19: BNP Paribas Securities Services has extended its front-to-back outsourcing model for hedge funds with a connection to front office provider Broadridge. With the deployment of Broadridge’s Portfolio Master (formerly Paladyne), a full asset class portfolio management platform with integrated risk and portfolio rebalancing capabilities, BP2S can now offer clients a fully integrated end-to-end outsourcing…