Temenos, the Swiss-based provider of fund servicing software, has launched Multifonds Navigator, an NAV oversight and contingency solution for asset managers who outsource their fund accounting operations to third-party administrators. Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically. This allows asset managers to independently…
Category: FinTech
Secfi appoints SS&C
Secfi, a U.S.-based employee equity planning and financing platform, has appointed SS&C to provide administration and fund accounting for its fund. In addition, SS&C’s Precision LM and TNR Solution will facilitate access for private company shareholders and employees looking for financing or liquidity for their employee stock options. SS&C will support the financing of pre-IPO…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…
Gen II partners with NTT
Gen II Fund Services, the U.S.-based alternative fund administrator, has chosen NTT Ltd., a global technology services provider, as its managed cloud services provider to accelerate its digital transformation journey. The multi-year agreement will consolidate Gen II’s cloud support and security desks, providing the firm and its clients with enhanced efficiency, security, and scalability in…
Next Gate raises EUR5m
Next Gate Tech, the Luxembourg-based fintech provider for the asset management sector, has completed a new EUR5m fund raising round, led by NewAlpha Asset Management, alongside Volta Ventures and Seed X, with the continued support of all existing stakeholders, including Expon Capital, MiddleGame Ventures and SeederFund. This new round of financing will support the company’s…
ZEDRA acquires in Malta
ZEDRA, the provider of corporate and fund services, is to acquire AlleyBe, a Maltese corporate service provider, trustee and virtual financial asset (VFA) agent. The acquisition will add 25 new team members to ZEDRA’s existing business in Malta.
Rimes joins BBH Connectors
Rimes, a provider of data management and investment intelligence solutions to investors and asset managers, has joined BBH Connectors, the Brown Brothers Harriman platform featuring multi-provider, open architecture technology providers. Rimes joins other specialist third-party fintech and service providers that deliver expertise in areas like ESG data, insurance accounting, class action recovery services, and AI.
Torstone appoints head of Japan
Torstone Technology, the UK-based SaaS platform for post-trade securities and derivatives processing and risk management, has appointed Yasuaki Hayashi as senior Japan representative, based in Tokyo. Hayashi-san joins from Interactive Brokers, where he was head of Japan, having helped to establish the firm’s Japanese business in 2008.
Fireblocks certified by ISO across three categories
Fireblocks, the provider of digital asset and crypto technology, has been certified by the International Organization for Standards (ISO) in the categories of security (ISO 27001), cloud (ISO 27017) and privacy (ISO 27018). Fireblocks claims that it is the only crypto tech company to achieve all three certifications.
AssetMetrix hires deputy tech head
AssetMetrix, the Germany-based fintech in which BNP Paribas has a stake, has hired Vasileios Antonopoulos as deputy head of technology. He will be based in Luxembourg. He joins from RBC Investor & Treasury Services.