BBH has expanded its account opening API connectivity to custodians, with SEB being the first to implement the solution. This builds on last year’s API integrations with major European fund distribution platforms, Allfunds, Clearstream and Euroclear. BBH’s account opening API supports straight-through exchange of account opening requests and confirmations between distributors, banks, platforms and custodians,…
Category: Product
Moss joins FNZ
David Moss has joined FNZ, the wealth platform, as group chief product officer, based in New York. He was previously at BNY for seven years after eight years at Citi.
Ultimus partners with iCapital
Ultimus has formed a partnership with iCapital, introducing DLT to streamline data transmission and reconciliation processes, improving operational efficiencies for asset managers and wealth managers throughout the lifecycle of alternative investments. The integration of technologies merges iCapital’s DLT platforms with Ultimus’ infrastructure, “creating a more efficient, secure, and transparent processing environment for alternative investment data”.
NAV expands in Ireland
NAV Fund Services (Ireland) Ltd., a subsidiary of NAV, the U.S. based administrator, now offers fund administration solutions for UCITS, expanding its services for regulated investment funds domiciled in Ireland and the European Union.
Fenergo launches digital subscriptions solution
Fenergo, the provider of AI-powered client lifecycle management (CLM) solutions, has launched its Digital Subscriptions capability, fully integrated within the Fenergo Investor Portal. This new offering enables buyside firms to digitalise and connect the end-to-end investor onboarding and fund subscription process. The solution is designed as a flexible add-on to Fenergo’s CLM platform, allowing existing…
BNY collaborates for digital asset custody in ADGM
BNY, with Finstreet Limited and ADI Foundation, are collaborating to offer regulated, scalable, institutional-grade digital asset custody in the Abu Dhabi Global Market. Finstreet, a digital market infrastructure group and a subsidiary of IHC through Sirius International Holding, and ADI Foundation, an Abu Dhabi-based blockchain infrastructure organisation, will jointly support this initiative. The collaboration is…
BBH to support SEC Names Rule
BBH has launched a solution to help asset managers ensure they are compliant with the SEC Names Rule (Rule 35d-1). The rule requires registered investment funds to ensure their names accurately reflect their investments and risks. If a fund’s name suggests a focus on a particular asset type, industry, or strategy, at least 80pct of…
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.
Taskize integrates with TCS
Taskize, the Euroclear-owned fintech, has partnered with TCS to integrate its exception management and collaboration functionality directly into the TCS BaNCS platform, enabling users to raise and resolve queries within the core processing environment. TCS BaNCS users can now raise, resolve and track a query about an exception in the trade lifecycle – including breaks…
Eleven launches payments platform
Eleven, the investor operations platform for private fund managers and fund administrators, has launched Integrated Payments, a system that automates capital calls and distributions. Integrated Payments is now available on the Eleven platform for fund administrators and investment firms operating across private equity, venture capital, real estate, hedge funds, and other alternative asset classes.