FTF News also provides FinTech updates from Finastra & Microsoft, OHV Asset Management & SS&C, and BSO & the Singapore and Hong Kong exchanges.
BNY Mellon Weaves Intermediary Analytics into Asset Servicing
BNY Mellon, a provider of investment management and investment services, reports an expansion of its Intermediary Analytics solutions suite, formerly Albridge Analytics.
“The integration of Intermediary Analytics into BNY Mellon’s Asset Servicing business facilitates the creation of new and enhanced distribution solutions intended to help BNY Mellon clients improve business performance and maximize growth opportunities,” BNY Mellon says in a statement.
Because of “heightened fiduciary responsibility and changing investor behaviors,” BNY’s clients “increasingly value the insights and guidance we deliver through automated tools and business intelligence solutions from across our Asset Servicing solutions set,” Christine Gill, global head of BNY Mellon’s asset manager solutions, says in a statement, in which she highlights the benefit of Intermediary Analytics to clients looking for “insights that help them analyze business drivers, streamline and increase distribution intelligence, and optimize their decision making process.”
Finastra and Microsoft Create Strategic Alliance
Finastra and Microsoft have just announced a strategic alliance that will allow the Microsoft Azure cloud platform to support the FusionFabric.cloud system, officials say.
The alliance specifies that Microsoft Azure “will underpin FusionFabric.cloud as Finastra’s strategic cloud platform. In addition, Finastra will launch a selection of its global payments and retail banking products on Azure over the course of this year,” officials say. The news came via Finastra’s regional event, Finastra Universe, in Frankfurt, Germany.
“As we change the way software is written, deployed, consumed and monetized with our FusionFabric.cloud open architecture, it makes sense to team up with a trusted technology powerhouse like Microsoft which shares our values in providing secure, accessible and modern technology in high performance environments,” says Simon Paris, deputy CEO at Finastra, in a prepared statement.
“FusionFabric.cloud completely opens our software up to third parties, and our broad solution set is unparalleled, enabling us to revolutionize the traditional development model and pave the way for future generations to embrace a collaborative ecosystem approach,” Paris says.
Finastra has already moved its U.S. payments line to Azure, and more business lines will follow over the next 12 months, officials say.
OHV Asset Management Picks SS&C’s Vision FI
Dutch asset manager OHV Asset Management has picked the Vision FI platform, from SS&C Technologies Holdings, Inc., a supplier of financial services software and services, to provide an interactive client communications portal for OHV’s private wealth clients and intermediaries, SS&C says in a statement.
Vision FI offers “simple drag-and-drop design functionality and robust workflows enabling firms to completely customize the end-client experience in both print and online reporting,” per SS&C. “This enables OHV account managers to rapidly fulfill custom client requests across both mediums.”
“OHV ultimately selected SS&C because Vision FI’s multi-user web capabilities are ideal for our firm to get one overview across all our clients,” Richard Abma, an OHV Asset Management partner, says in the statement. “In today’s highly competitive market, personalized client communications is imperative. Vision FI makes it easier to deliver timely and relevant communications through the online client portal, differentiating us from the competition.”
BSO Optimizes Access to Hong Kong and Singapore
BSO, a network infrastructure provider, reports that it has enhanced its low-latency route between the Singapore (SGX) and Hong Kong (HKEX) exchanges.
The enhancement is meant to provide faster trading in Asia, BSO says.
“The optimized route provides financial institutions looking to trade derivatives in and out of the two exchanges with the lowest latency currently available on the market,” according to the BSO statement.
“We welcome BSO’s enhanced service at our data center, where our market participants have access to an array of information, technology and network service providers within a secure ecosystem environment,” Jonathan Leung, HKEX’s head of hosting services, says in the statement.