Citi’s securities services business has become the latest to sign up to use Saphyre, a fintech company using AI technology, to manage new account openings and maintenance. Saphyre’s platform provides Citi with an additional option to parallel its existing account management solution and can provide the benefit of substantially automating and expediting client onboarding.
CACEIS has signed an agreement with Taurus, a Swiss company that focuses on the digital assets and blockchain space, to use its platform. CACEIS’ objective is to offer secure custody of digital assets using Taurus-PROTECT, including automated corporate action processing, dividend payments and Smart Contract management, digital asset issuance and tokenisation on blockchain using Taurus-CAPITAL,…
Northern Trust has established a digital assets and financial markets group, led by Justin Chapman, currently global head of market advocacy, innovation and research. The new group combines the teams responsible for supporting digital asset markets and the traditional network management teams.
Universal Investment and Accelex have launched an initiative to offer an enhanced range of data services to alternative investors. Accelex, a UK-based provider of data acquisition, analytics and reporting services for alternative investors and asset servicers, will help to deliver comprehensive portfolio analytics for alternative investments, including detailed underlying asset insights.
Citi has selected METACO to develop and pilot digital asset custody capabilities. Citi intends to integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities.
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…
Vistra, a service provider to fund, corporate, capital markets, and private wealth clients, has been granted a European Payment Service Directive 2 (PSD2) licence by the Dutch Central Bank. This enables Vistra to offer escrow and settlement services globally from its Netherlands office. Vistra has USD395bn AuA.
FundRock, the Apex-owned UCITS ManCo and AIFM provider, has opened an office in the Netherlands for its subsidiary, FundRock Distribution S.A.
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.
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.