Top fintech stories this week – 3 May 2019
May issue is out!
May issue is out!
It’s the first credit union to go live on MBS Expert.
New investment management tech will help manage portfolios and compliance.
Fintech provider is expanding its regulatory capabilities.
UBS Wealth Management USA to be “the anchor client” on Broadridge’s new wealthtech platform.
JP Morgan and Northern Trust acted as custodian banks.
Broadridge Financial Solutions, Natixis and Société Générale say they have “successfully completed” a pilot project that leverages blockchain technology for bilateral repurchase, or repo, agreements.
Many financial services industry firms are examining the potential of distributed ledger and artificial intelligence (AI) technologies. Is it too early for any meaningful deployment?
Broadridge Financial Solutions will acquire Spence Johnson, a provider of institutional data and intelligence, for its asset management market ambitions. With the purchase, Broadridge says its Global Market Intelligence, a platform for retail cross-border fund data and analytics, will be able to use Spence Johnson’s Money in Motion dataset that provides analytics on assets, flows […]
Asset management firm Jabre Capital Partners has chosen Broadridge’s integrated trading, portfolio management, and risk management platform to help manage its front, middle and back-office operations. Broadridge says its solution will enable Jabre to streamline and automate workflow, and help meet its pre- and post-trade compliance requirements while providing connectivity to brokers and EMS platforms. […]
Who’s buying who? Featuring Broadridge, Message Automation, Numerix and TFG Financial Systems.
DST Systems, a provider of business data services to the financial services and healthcare markets, is selling its North American Customer Communications (NACC) unit to Broadridge Financial Solutions. The deal is valued at $410 million in cash and is expected to close in July. The NACC business generated $1.1 billion in revenue in 2015, or 40% […]
Broadridge Financial Solutions has taken over fellow vendor 4sight Financial Software, a provider of securities finance and collateral management systems to financial institutions worldwide. Terms of the deal were not disclosed. Quayle Munro Limited acted as 4sight’s financial advisor in this transaction. UK-based 4sight was founded in 2003 and grew to acquire a client base […]
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 […]
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 […]
Broadridge Financial Solutions has taken a minority stake and entered into an exclusive distribution and marketing alliance with Netherlands-based management consulting firm AMA Partners. AMA provides DirectorInsight, a platform offering data and analytical tools for the evaluation of corporate governance and executive compensation. Broadridge says the deal expands its data capabilities for corporations and institutional […]
New York-based Digital Asset Holdings, a developer of distributed ledger technology (aka blockchain), has teamed up with Accenture, Broadridge and PwC. Digital Asset says it has entered into non-exclusive strategic business relationships with the companies, and Blythe Masters, CEO of Digital Asset, says the alliances will “accelerate innovation” and “drive growth”. The Accenture relationship will […]
Shared utilities could save institutions as much as 40% of their current processing costs, but there are challenges to implementation.
T2S, Europe’s harmonised settlement platform, is live. With a series of migration waves scheduled up until full live operation in July 2017, the next few years are likely to be characterised by intense activity as market participants finalise their strategies …
Broadridge Financial Solutions has formed an alliance with UK software developer Lombard Risk Management under which Lombard’s collateral management system will be integrated into Broadridge’s applications and infrastructure services.
Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of asset management fee calculation, billing, and revenue and expense management solutions.