Our free fintech update features news from SmartStream, tZero, Statpro, and Indata.
Northern Trust’s ‘Radar’ Helps with Performance Insight
Northern Trust has launched a proprietary reporting tool to help institutional investors gain insights as they track and analyze risk and performance across their portfolios, officials say.
The Performance Radar offering is the latest addition to Northern Trust’s Investment Risk and Analytical Services (IRAS) group, and is intended to help end-users access performance, attribution, contributions and ex-post risk results “online across individual and aggregated portfolios,” officials say.
The Performance Radar service leverages new technologies for processing and content integration, and enhanced visualization capabilities, officials say. The new service also offers a “persona-based set up” that hastens implementation.
“Performance Radar allows asset owners and asset managers to amalgamate and synthesize large amounts of complex data though flexible visualization tools,” says Serge Boccassini, product lead — investment accounting and analytic solutions at Northern Trust, in a prepared statement. “Our clients can find information quickly using powerful graphics and intuitively compare performance results.”
The Northern Trust IRAS group offers analytical solutions that support more than $5 trillion in assets under measurement, officials say. IRAS consultants in Chicago, London, Singapore and Melbourne support clients with performance measurement, risk analysis and investment compliance monitoring.
SmartStream Partners to Help German Clients
SmartStream Technologies, which characterizes itself as a provider of processes and procedures to manage the financial transaction lifecycle, reports a new Germany-centered partnership with Finanz Informatik Solutions Plus GmbH, that will assist their German clients with “implementation projects and application management” of SmartStream’s Corona, as well as the next generation TLM Aurora offerings.
Under the new agreement, Finanz Informatik Solutions Plus, together with SmartStream, will help digitize the back-office for a “number of large-scale customers in the region,” the companies say in a statement.
Finanz Informatik Solutions Plus will be “involved in the implementation of the reconciliation processes and support release upgrades, as well as the integration of new modules,” according to the statement from the two, which notes that the partnership will “support reconciliation processes for financial institutions with trade activities, fees and invoice control and cash and intra-day liquidity management needs in the German market.”
“Finanz Informatik Solutions Plus has in-depth knowledge of the market and a collaborative approach, which will hugely benefit our clients with a full-service back office platform designed to strengthen operational activities,” Guenther Ruf, SmartStream’s director of business development alliances, says in the statement.
tZero Awarded Patent For Public-Blockchain Technology
tZero, a specialist provider of blockchain technology for capital markets, reports that it has been awarded a patent by the U.S. Patent and Trademark Office for its Time Ordered Merkle Epoch (TOME) methodology.
TOME is a “base-layer technology that uses digital signatures to record and verify time-series data such as trades, executions and settlements,” the vendor says, specifying that the tech “enables low-latency systems, including traditional matching engines or private blockchain ledgers, to be anchored into immutable public blockchain ledgers.”
The patented technology enables tZero “to verify the existence of previous trades and simultaneously produce an auditable and immutable record of those transactions,” the vendor adds.
“This technology, which is synergistic with the patent that we announced earlier this year, has many use-cases in our ecosystem,” tZero CEO Saum Noursalehi says in a prepared statement. “It can be used in our suite of products, as well as licensed to companies across various industries that are seeking to maintain a tamper-proof and auditable record of time-series-based data.”
tZero, a keiretsu company of Medici Ventures, the blockchain subsidiary of Overstock.com, was founded in 2014 with the intention of “utilizing blockchain technology to revolutionize Wall Street so that financial processes could become less beholden to traditional institutional market structures and to bolster and enhance market integrity,” according to a statement.
Statpro Releases Free Guide for GIPS 2020
Performance measurement vendor Statpro has just released a free guide to the
GIPS 2020 standards that are used for performance metrics, transparency, comparability and compliance, officials say.
“The 2020 version of the standards is a key milestone and marks the biggest change in the standards since their introduction in 1999, aiming to broaden their relevance in the industry,” according to Statpro.
The guide covers:
- The GIPS executive committee’s objectives for the 2020 update;
- How the structure of the standards has been changed to incorporate asset owners and verifiers;
- And the effective date for the updated standards and how to prepare for them.
Firms can download the free eGuide here.
Indata Updates iPM Portal
Indata, a provider of software, technology and managed services for buy-side firms, reports the latest release of iPM Portal, the vendor’s Web-based software for portfolio managers, investment advisors and other client-facing individuals within investment management firms. The software system was originally launched in May of this year.
The updated software “integrates portfolio analytics as well as CRM functions, providing users with a holistic view of portfolio information including performance analytics and contact information for portfolios, accounts and composites,” Indata says in a statement.
Some of the key features are:
- Customizable, interactive and configurable client dashboards;
- Client performance reporting, holdings and historical transactions;
- Automatic posting of client statements and invoices;
- And document management, storage and sharing with clients.