Clearwater Analytics, a provider of investment accounting software-as-a-service (SaaS) solutions, is acquiring Enfusion, a SaaS provider to investment managers and hedge funds, for approximately $1.5 billion to combine their respective offerings and build a front-to-back office platform. “The purchase price is $11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally,… Read More >>
Barnett Waddingham Stays With GBST’s Upgraded ‘Composer’
Financial technology provider GBST reports that its Composer platform will continue to support the Self-Invested Personal Pension (SIPP) administration program of professional services consultancy Barnett Waddingham via the renewal of their agreement. The London-based Barnett Waddingham is an independent professional services consultancy serving risk, pensions, investment, and insurance markets. “GBST has provided SIPP technology to… Read More >>
FinTech Brief: SimCorp Offers Investment Analytics Platform
SimCorp is launching a cloud-native performance attribution solution that targets the “growing demand” for accurate performance analytics delivered in real-time, officials say. The new service is the first to be offered via SimCorp’s Investment Analytics Platform, the next stage of SimCorp’s performance measurement offerings, officials say. The new platform is “a calculation service … constructed… Read More >>
NICE Actimize Targets Mid-Market via ‘Xceed’
The just-launched Xceed platform from NICE Actimize brings together aspects of anti-money laundering (AML), fraud prevention, artificial intelligence (AI), and behavioral analytics in a cloud-native offering. Cloud-native systems have been developed specifically for the cloud computing environment, and are intended to leverage the advantages of the cloud. They are not platforms that were originally designed… Read More >>
SWIFT & Microsoft Collaborate to Bring Payments to Azure
SWIFT and Microsoft Join Forces for a POC Software giant Microsoft and financial messaging cooperative SWIFT are taking a major step forward in making Microsoft’s Azure cloud computing service the host for native payments, officials announced at SWIFT’s SIBOS conference underway this week in Sydney, Australia. The two companies acknowledged that they have been working… Read More >>
