Citi has launched a proprietary bot technology solution in Hong Kong to offer its securities services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to activate stock borrowing in a timely fashion if needed. Citi’s solution uses bot technology to pull data…
Category: Product
Maitland adds IHS Markit loan market feeds to private debt offering
The Maples Group, a Cayman-based fund and corporate services provider, has enhanced its fund services offering for private debt and credit funds through integrated IHS Markit loan market data feeds that support the automated capture of key data to eliminate manual processing, streamline operations and maximise efficiency and control.
HSBC launches ESG reporting service
HSBC has launched an ESG reporting service that provides asset owners and managers with independent measurement of how focused their listed asset investments are around ESG issues. The reporting service will consist of a monthly reporting dashboard, including portfolio-level analysis using ESG ratings and carbon emissions data. The service will use ESG scores and ratings…
MUFG selects Broadridge’s Sentry for private debt admin
MUFG Investor Services has selected Broadridge’s Sentry loan tracking and reporting software to service its clients in the private debt space. The web-based system, which Broadridge added to its solution set with its 2019 acquisition of ClearStructure, enables users to monitor compliance issues and reconcile and aggregate data to streamline or automate processes.
HSBC authorised to process mutual fund orders in Taiwan
HSBC has received approval from the Taiwan Banking Bureau to on-board mutual fund order placement services for asset managers locally. This is as an extension of HSBC’s regional fund administration offering, enabled through a local support model in Taiwan.
BP2S’s Ffyn reports strong growth
BNP Paribas reports that Ffyn, the collaborative fund information platform supported and incubated by BNP Paribas Securities Services, now has 53 asset managers and investors on board, whilst collating information on more than 100,000 funds. Launched a year ago, Ffyn aims to become a single source of information for the mutual fund industry by bringing…
HSS to deploy Wall Street Office for private loans admin
HSBC has chosen the IHS Markit Wall Street Office (WSO) platform to provide private loan administration services for clients of its securities services business. IHS Markit will perform the loan administration and reconciliation process, which will integrate into HSBC’s fund accounting platform. The service will provide clients with real-time access to loan portfolio reporting. Private…
FNZ and State Street to collaborate on wealth manager servicing
FNZ and State Street are collaborating on a new wealth manager servicing venture. FNZ will acquire a majority stake in State Street’s wealth manager services (WMS) business, with State Street retaining a minority interest. Terms of the transaction, which is expected to close in Q4 2020, are not being disclosed. Upon full implementation, the new…
BP2S automates key asset servicing documentation with NLU and IDP
BNP Paribas Securities Services has automated the processing of key asset servicing documentation, part of the group’s digital transformation programme. The initiative, which took 12 months to implement, aims to enhance back office operational efficiency, increase straight-through processing rates and reduce services turn-around times for clients. Using Natural Language Understanding (NLU) and machine learning, including…
Rod Cooper and Tim Wood launch new consulting firm
Two veterans of the asset servicing industry, Rod Cooper and Tim Wood, have launched a UK-based consulting practice, Cooper Wood & Associates. The aim of the business, which will focus on the asset servicing sector, is to add measurable financial improvements to clients’ businesses. Cooper Wood will consult on operational and supplier efficiencies, revenue protection,…