State Street has struck a deal with RIMES, the U.S.-based data partner for asset managers, asset owners, and service providers, to enhance State Street Alpha, its front-to-back solution. Through this partnership, State Street Alpha clients will benefit from RIMES’ expertise and experience with the global index provider marketplace, leveraging its operational capabilities and infrastructure. This…
Category: Product
Northern Trust partners with Snowflake
Northern Trust and Equity Data Science (EDS), in which Northern Trust has a strategic stake, have collaborated with Snowflake, the data cloud company, to enhance secure data sharing and onboarding for asset servicing clients using Northern’s Investment Data Science capabilities. Leveraging Snowflake’s data-sharing and cloud technology, Northern Trust and EDS can provide a better, faster…
Confluence strikes deal with FundHero
Confluence, a U.S.-based fintech provider helping the investment management industry solve complex investment data challenges, has secured a multi-year agreement with FundHero S.A., a Luxembourg-based fund service company, that will combine Confluence’s cloud-based Revolution platform with its own technology to provide clients with an exclusive managed software offering. FundHero uses technology and expertise to support…
BNY Mellon adds MSCI ESG ratings to collateral management
Collateral management clients using BNY Mellon‘s electronic collateral schedule manager, RULE, now have the capability to digitally express their ESG preferences by leveraging ESG ratings and indexes. The firm’s U.S. clients are able to take advantage of these same ESG eligibility capabilities by updating their schedules using current U.S. methodology. The functionality draws on MSCI…
SEI acquires Novus Partners
SEI has acquired Novus Partners, a global portfolio intelligence platform company. Novus’ platform streamlines data management, performance measurement, reporting, attribution and look-through analysis in a single digital tool. Founded in 2007, Novus works with more than 140 clients who collectively manage over USD4trn in assets. Following the acquisition, operations will continue in all four of…
Northern Trust deploys ML to research for asset allocators
Northern Trust has launched a feature within its Front Office Solutions business that uses machine learning to help asset allocators gain better control of their research process. The new feature leverages knowledge of a user’s past behaviour to tag research management documents with intelligently suggested attributes before uploading them to the Front Office Solutions platform.…
Alter Domus strikes deal with Canoe
Alter Domus, the Luxembourg-based administrator that has USD1.3trn AuA, has struck a deal with Canoe Intelligence to offer data management solutions for alternatives managers that combine automated technology and data accuracy. Canoe specialises in redefining data management processes for alternative investments by deploying advanced data capture technology to automate manual workflows.
SimCorp launches Investment Accounting as a Service
SimCorp, a U.S.-based provider of SaaS investment management solutions, has launched Investment Accounting as a Service in response to increased demand from buy-side clients to outsource back-office functions. SimCorp’s multi-asset class Investment Accounting as a Service will deliver multi-jurisdictional and regulatory compliant accounting, analytics and reporting, with an advisory overlay. The service is based on…
Citi & SimCorp form data management alliance
SimCorp and Citi have formed an alliance through which Citi’s securities services business will integrate post-trade custody data with SimCorp to offer a front-to-back user experience for mutual clients. The collaboration brings together SimCorp’s technology and service solutions with Citi’s proprietary custody network to help clients with data consolidation and consumption, and enhance productivity. The…
Intertrust launches ESG service for PE managers
Intertrust, the Netherlands-based provider of corporate and fund services, has launched an ESG data gathering and analytics solution. The service offers private fund managers an integrated approach to collecting and analysing ESG data and managing ESG risk in their portfolios.