SS&C’s Portia platform now supports middle and back office operations at Dai-ichi Life Vietnam Fund Management. Portia is a long-standing investment management solution. It came SS&C’s way in 2012 via the acquisition of the Portia business from Thomson Reuters. SS&C paid $170 million for it. Dai-ichi Life was looking for “a proven investment management solution […]
Luxembourg-based Lemanik Asset Management has chosen Linedata’s compliance monitoring software – Linedata Compliance. To comply with the Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers (AIFM) directives, which impose controls and “transparency discipline”, Lemanik decided to manage its report production by itself and chose Linedata to roll out the tech. […]
Costa Rica-based BAC San Jose Puesto de Bolsa has chosen Profile Software’s IMSplus platform to manage its investment and client portfolio operations. This is Profile Software’s first client in the Central American region. Following an international vendor evaluation, BAC will use IMSplus for MIS (management information system) and customisable reporting capabilities; and monitoring of portfolio […]
Land Bank of the Philippines (LBP) has gone live with Miles Software’s MoneyWare Custody solution. The government-owned bank was recently accredited by the Bangko Sentral ng Pilipinas (central bank) to offer third party security custody and registry services. The new deal is part of its growth plans. Josephine Cervero, senior vice-president and trust officer, LBP, […]
Seattle-based Smead Capital Management has gone live with a new wealth management platform – Global Wealth Platform (GWP) – provided by SS&C Technologies. The solution is delivered in the cloud. GWP replaced Smead Capital’s legacy solution supplied by a third party. SS&C says Smead Capital was looking to increase automation “simply and cost-effectively” and to […]
Northern Trust Corporation has signed for Scorpeo’s services to provide an “innovative” historical corporate actions reporting service. Scorpeo’s Harmonia solution enables historical analysis to generate “detailed reports to show investors exactly how much value has been missed”, the vendor explains. It will be incorporated into the Northern Trust Historical Corporate Actions Transparency report. Northern Trust’s […]
OCBC Bank’s fintech accelerator programme, the Open Vault, will pilot tests with three start-ups – Fincast, BondIT and CogniCor. The tests involve wealth management and artificial intelligence (AI) solutions and will begin in the fourth quarter of this year, and will last for three months. Samuel Tsien, OCBC Bank’s group CEO, says: “Deploying these solutions […]
Specialist vendor Charles River has supplied its flagship Investment Management Solution (IMS) to Bangkok Bank’s subsidiary, Bangkok Capital Asset Management (BCAP). The IMS front-to-middle office system, supplied on a Software-as-a-Service (SaaS) basis, has automated BCAP’s investment process, says the vendor, “from portfolio management through trading, compliance, and settlement”. Charles River is also providing its Data […]
London-based advisory firm Alpima has selected SS&C Technologies’ APX and Moxy solutions to underpin its digital advisory business. APX is an integrated, front-to-back office portfolio and client management solution. Moxy is a centralised trade order management system. SS&C says the contract was preceded by a “thorough analysis”. Pierre Mendelsohn, founder and CEO of Alpima, comments […]
In recent years we have seen a strong trend for institutional trading desks to leverage their data to improve trade execution results and become more recognised as active participants in portfolio performance. Two important applications of predictive analytics have arisen, both aiming to improve the manner in which trading algorithms are used and controlled. It […]
Vermilion Software, a UK-based supplier of client reporting and communications software, has been selected by one of the largest investment managers in Australia, Challenger. Challenger has chosen Vermilion Reporting Suite for its institutional client base. David Mackaway, general manager of operations at Challenger, says: “Vermilion’s multi-tenanted approach will enhance our ability to deliver reporting for […]
Artemis, a UK-based fund manager with £22.6 billon assets under management, is implementing new behavioural analytics software for compliance. The solution – called Compass – is provided by specialist vendor Sybenetix. It will support the market abuse surveillance functionality, case management and conduct management, end-to-end. This is a multi-year deal and is an extension on […]
UK-based Marathon Asset Management (Marathon) has chosen Simcorp’s Coric – an end-to-end client communications and reporting suite. Simcorp says Marathon decided to replace its “outdated” legacy reporting system with Coric after a “comprehensive” review. The implementation will also include Coric’s Web Reporter, a self-service online reporting portal. Marathon will deploy Coric as an on-premise solution, […]
Albilad Capital, the investment arm of Saudi Arabia’s Bank Albilad, is implementing IMSplus Custody, a specialist solution supplied by Profile Software. IMSplus Custody will support Albilad’s newly launched custodian services department. Albilad Capital operates according to Islamic finance principles and provides financing from equity and debt capital markets for a variety of sectors, including oil […]
Neptune, the open standards network for pre-trade indications in bond markets, has set up a new company, Neptune Networks Ltd, to run the utility. Neptune was formulated by Etrading Software and a group of 40+ banks and asset managers in H2 2014. The pilot production network went live in August 2015. Its supporters include Barclays […]
Temenos has landed a major deal with Standard Chartered, to modernise the bank’s wealth management software across 30+ countries. The bank signed for Temenos’ WealthSuite, front-to-back office, which incorporates the vendor’s T24 system; Insight BI for analytics; Temenos Connect for channels; and the TripleA portfolio management software that stems from Odyssey Financial Technologies, a wealth […]
Following an unsuccessful attempt to implement Third Financial’s Tercero platform and the subsequent market search, LGT Vestra has decided to keep its incumbent solution, JHC Systems’ Figaro. Figaro will continue to support front, middle and back office operations of the UK and Jersey-based wealth manager. The company was known as Vestra Wealth until recently. In […]
Cyprus-based wealth and fund manager Total Capital Resources (T.C.R.) International is automating its ops with the IMSplus system, supplied by Profile Software. T.C.R. provides fund set-up, administration and management, portfolio management and brokerage services, with access to all major exchanges, OTC markets and non-listed instruments. Profile’s flagship investment management platform, IMSplus, was selected “following an […]
Speed is of the essence if firms want to capitalise on opportunities in wealth management, was one theme from MoneyConf 2016 in Madrid. More than 1,800 attendees were at the compact and colourful venue, La Nave, for the two-day event. In a panel on “The next generation of wealth management”, Kim Fournais, CEO and co-founder […]
Research released late last year suggested that almost two thirds (62%) of a survey of 90 German institutional investors predict greater usage of artificial intelligence (AI) for short-term decision-making, and 17% for medium-term investment decisions. Universal Investments, the asset manager behind the research, said that “the industry’s future thus certainly appears to be closely linked […]
Crestone, a wealth management business created out of UBS Wealth Management Australia, is now open for business, underpinned by Avaloq’s flagship core banking system. Avaloq Banking Suite supports front-to-back office operations of Crestone, multi-asset and multi-currency. Peter Scott, the vendor’s GM for Asia Pacific, says that Crestone was among the first users to apply Avaloq Banking […]
Asset management firm Robeco has released its findings and views on the much-discussed subject of blockchain. The overall theme is to be sensible, study the facts and not fall for the hype when it comes to this emerging technology. The report, “Distributed ledger technology for the financial industry. Blockchain administration 3.0”, has been created by […]
Two former Merrill Lynch directors, Paul Richards and Giles Hutson, have unveiled a new fintech venture, Insignis Asset Management. Insignis, a cash management company, is set “to revolutionise how clients manage their cash deposits”, the founders say. The Insignis Digital Banking Network will enable clients to deposit cash, starting from £100,000, into a hub account, […]
Banco Original, a pure-play digital bank in Brazil has gone live with a new treasury management system, OpenLink’s Findur. The vendor says the implementation was completed in ten months. Findur is the bank’s new cross-asset and treasury solution, integrated with internet banking and handling a range of financial products such as bank certificate of deposit […]
Sri Lanka-based Amãna Bank has gone live with new treasury and asset management software, supplied by Path Solutions. The new products, iMAL Islamic Treasury and iMAL AssetManagement, replaced a legacy treasury and equity management platform at Amãna. Banking Technology understands that this was Sungard’s Ambit Treasury Management. The new software interfaces to Swift and supports […]
UK-based investment company Standard Life and ING’s Australian subsidiary are working with IBM on a range of digital and data management initiatives. Standard Life: it’s personal Standard Life is personalising its financial services capabilities “to each of its 3.8 million UK customers”, IBM states. Using IBM’s analytics tools Standard Life “can accurately track a person’s […]
IDBI Capital, a subsidiary of India-based IDBI Bank, has gone live on a new securities trading and processing system, Bancs. The system is supplied by TCS Financial Solutions. Bancs supports online brokerage operations at IDBI Capital. It provides front-to-back office functionality and replaced IDBI Capital’s multiple trading and trade processing platforms. According to TCS, IDBI […]
UBS Wealth Management Americas (WMA) and tech company SigFig has formed a “strategic alliance” to develop digital technology for UBS WMA, its financial advisors and their clients. San Francisco-based SigFig specialises in wealth management software. It will create and customise digital tools and services for UBS WMA’s 7,000 advisors. UBS WMA’s remit is domestic US and […]
The treasury function plays a pivotal role within a bank, and with great power comes great responsibility… and the need for automation. Misys and Banking Technology conducted a survey to find out about the changing role of the banks’ treasury and the degree of support received from current systems. How can technology help treasurers cope […]
London-based Calastone, the global funds transaction network, has expanded into New Zealand, and already carried out its first transaction with Australia. Calastone MD Australia, Sarah Hayward, says the firm’s extended cross border coverage enables transactions between Australian and New Zealand platforms, fund managers and respective counterparts. “Our expansion has been primarily driven by our Australian […]
First Global Trust Bank (FGTB) is a new name on the UK banking scene. The bank has recently been granted an “authorisation with restriction” licence to take deposits by the Prudential Regulation Authority (PRA). The London-based company was originally set up under the name of Llamabrook in 2011. It became FGTB in March this year […]
Global Post Trade Management (GPTM) is a combination of Broadridge’s existing systems and products plus some new components. GPTM has already been adopted by “a major investment bank”, the vendor says. Although the solution is marketed as a new, “next generation” offering, its underlying technology comprises the existing products of Broadridge. “GPTM incorporates Broadridge’s core […]
KBZ Stirling Coleman (KBZSC) and AYA Trust go live with TCS Bancs, and Bank for Investment and Development of Vietnam (BIDV) looks for a hardware provider for its new subsidiary in Myanmar. KBZSC and AYA Trust TCS Financial Solutions has completed the deployment of its TCS Bancs system to support securities trading and settlement at […]
Tradition, the interdealer brooking arm of Compagnie Financière Tradition, is poised to launch a new EU-regulated multilateral trading facility (MTF) for collateral and secured deposits. Dubbed Elixium, it will open for business in May this year. “Elixium has been developed to address the growing need for a transparent, open to all, peer-to-peer, regulated marketplace,” says Tradition. […]
Broadridge Financial Solutions has launched a new solutions partner programme to enable consulting, technology and servicing firms to offer technology solutions. Partner firms will get access to solutions across wealth management, asset management, capital markets and corporate issuer segments; and a set of sales enablement resources, technical training services and a financial benefits package. Ira […]
UK-based Liontrust Asset Management has gone live on Eze Software Group’s OMS (order management system) and portfolio accounting solutions, implementing a front-to-back office workflow to replace its in-house systems. Eze Software Group says its investment software suite was chosen after a “rigorous and lengthy” selection process involving a number of unnamed vendors. Liontrust, which has […]
UK-based CRM solutions provider Wealth Dynamix has launched WDX ONE, a cloud-based framework for wealth and investment managers. WDX ONE is targeted at small to mid-market firms, and Wealth Dynamix says it cuts implementation costs by over 60%. Groupe Financiere Hottinger (GFH), a London-based portfolio management and financial advisory service, is one of the first […]
Singapore-based Maybank Private Wealth has gone live on Avaloq’s core banking platform, Avaloq Banking Suite. The project dates back to autumn 2014, when the deal between the two parties was signed. Alvin Lee Han Eng, head of private banking at Maybank Private Wealth, is complimentary of the project team, describing it as “professional and competent […]
Monex, one of Japan’s largest online trading brokers, is deploying a new platform for its domestic equity and investment trust processing business. The supplier is Broadridge Financial Solutions. Broadridge’s offering is JASDEC (Japan Securities Depository Centre, Inc) Processing Solution. Oki Matsumoto, CEO of Monex, says the new platform “will enable us to further improve our […]
Asset management firm Blackrock is trialling Symphony’s new financial messaging app. The app is being tested by part of Blackrock’s workforce and it is “looking to roll it out more widely in the coming months”. Blackrock is a major name to come onboard and the firm has 13,000 employees. However, Symphony has had success before […]
