BNP Paribas reports that Ffyn, the collaborative fund information platform supported and incubated by BNP Paribas Securities Services, now has 53 asset managers and investors on board, whilst collating information on more than 100,000 funds. Launched a year ago, Ffyn aims to become a single source of information for the mutual fund industry by bringing…
Category: FinTech
Citi forges alliance with BlackRock’s Aladdin
Citi has become the latest custodian to forge an alliance with BlackRock, through its Aladdin Provider network, to enhance the delivery of securities services to Citi’s clients who utilize the Aladdin end-to-end investment management platform. Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly through a client’s Aladdin platform for integration with…
Archer hires Christopher Parris to join client experience team
Archer, a U.S.-based service provider to the asset management industry, has appointed Christopher Parris as part of the client experience team. He joins from Penn Capital, where he most recently supported the firm’s institutional client and consultant relationship management practices.
HSS to deploy Wall Street Office for private loans admin
HSBC has chosen the IHS Markit Wall Street Office (WSO) platform to provide private loan administration services for clients of its securities services business. IHS Markit will perform the loan administration and reconciliation process, which will integrate into HSBC’s fund accounting platform. The service will provide clients with real-time access to loan portfolio reporting. Private…
HK’s Hex Trust hires Colin Brooks as an advisor
Hex Trust, a Hong Kong-based digital assets custody platform provider, has hired Colin Brooks as an advisor. Brooks worked at HSBC for most of his career, mainly in Asia, latterly as global head of sub-custody and clearing. He also spent five years at Standard Chartered before retiring earlier this year.
Fund Recs hires Mark Lacana as chief revenue officer
Fund Recs, the Ireland-based reconciliation platform for the global funds industry, has appointed Mark Lacana as its chief revenue officer. He joins from AltaReturn and is based in Boston, reporting to Alan Meaney, Fund Recs CEO.
BP2S automates key asset servicing documentation with NLU and IDP
BNP Paribas Securities Services has automated the processing of key asset servicing documentation, part of the group’s digital transformation programme. The initiative, which took 12 months to implement, aims to enhance back office operational efficiency, increase straight-through processing rates and reduce services turn-around times for clients. Using Natural Language Understanding (NLU) and machine learning, including…
SS&C appoints co-heads of Advent as Robert Roley departs
SS&C has appointed Karen Geiger and Steve Leivent as co-heads of SS&C Advent. Geiger will manage the SS&C Advent asset management and alternatives solutions portfolio. She most recently led a team of 300 technologists as chief development officer. Leivent will manage SS&C Advent’s advisory focused business which includes more than 2,000 clients using several solutions,…
Archer hires Diana Russillo as director of product & technology
Archer, a U.S.-based technology services provider to the asset management industry, has hired Diana Russillo in a newly created role as director of product & technology. Joining from Cartesian, Russillo will work with asset managers to accelerate technology-related aspects of their growth plans, manage select testing aspects of Archer’s continuous-deployment technology process, and assist clients…
Sudrania launches admin platform for digital assets
Sudrania Fund Services has launched Seamless Crypto, its fund administration platform designed specifically to handle the unique operational needs of digital assets. Seamless Crypto allows investment managers to fully outsource their fund administration and back-office operations via a cloud-based solution, and provides all the functionality needed to manage cryptocurrency funds.