State Street has appointed Australia’s LAB Group to introduce electronic investor onboarding capabilities for its fund manager clients in Australia. With LAB Group’s platform, investor registration will be accelerated and electronic identity verification for individuals, companies and trusts will be enabled. The LAB process uses numerous Australian government and other verified databases, supported by dynamic…
Category: FinTech
BNP Paribas strikes deal with Clarity AI
BNP Paribas Securities Services has formed a partnership with Clarity AI, a sustainability data science and technology company. Through its Manaos platform, BNP Paribas clients can access Clarity AI’s universe of sustainability data and insights. Manaos enables institutional investors to store their fund data on a single platform to obtain a comprehensive and transparent view…
Euroclear to acquire MFEX
Euroclear has agreed to acquire MFEX Group, the global digital fund distribution platform that is majority owned by Nordic Capital. Established in 1999, the MFEX Group is headquartered in Stockholm with over 300 employees internationally. MFEX offers a complete solution for fund companies and distributors and has EUR320bn AuA. Over 350 institutional clients use MFEX…
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
Citi launches sec lending solution for wealth managers
Citi has launched the first fully automated securities lending solution for wealth management firms, in partnership with fintech firm Sharegain. Through Citi’s solution, wealth managers can deliver a securities lending program to their clients, giving them the opportunity to earn additional revenue on their stocks, bonds and ETFs, without developing an internal program from scratch.…
AssetMetrix establishes account management function
AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
BondEvalue appoints Citi as bond custodian
Citi has been selected by BondEvalue Pte Ltd to act as a custodian for the underlying bonds traded on BondbloX, its digital exchange for fractionalized assets. Under the agreement, Citi will provide asset safekeeping and servicing solutions. BondEvalue, a Singaporean fintech company founded in 2016, launched the world’s first fractional bond exchange in 2020 after…
BNY Mellon invests in Fireblocks
Fireblocks, a provider of software to store, transfer and issue digital assets, has raised USD133m in Series C venture capital funding. BNY Mellon is one of the investors.
SS&C launches risk scenario & simulation service
SS&C has launched SS&C Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based risk scenario and simulation service. Using financial risk modeling and the latest global datasets, ScaaS provides stress testing scenarios on macroeconomic factors. The first scenario in the series focuses on the impact of pandemics such as COVID-19. Pandemic risk is the first of a set of…
State Street opens Fund Connect ETF platform to all issuers
State Street has opened up its Fund Connect ETF platform to support all ETF issuers, regardless of their service provider. The platform was previously only available to issuers serviced by State Street. The Fund Connect platform links APs and issuers. Fund Connect ETF is a global online trading portal for the creation and redemption of…