Financial messaging and data integration vendor Volante Technologies has upgraded its Volante Designer solution, a messaging integration platform, to help firms respond to the ongoing challenge of accommodating multiple types of messaging, industry protocols and Open Source initiatives. The latest release, Volante Designer 5.1, features support for extract, transform and load (ETL) functions to process… Read More >>
Linedata Updates Admin Edge Platform
Linedata, a provider of solutions for the investment management and credit industries, reports “significant updates” to Admin Edge, its fund administrator platform, officials say. The updates are in three key areas, the New York City-based vendor says. “Firstly, there is improved integration and automation of data flows between the fund accounting and transfer agency areas,”… Read More >>
Why Corporate Actions is Still an Ops Burden
Last week, in an FTF News story about a new white paper from financial messaging cooperative SWIFT, I focused on the toll that regulatory compliance is taking on financial services firms. I wasn’t able to delve into the corporate actions section of the SWIFT paper but I can do that now. As I noted, the… Read More >>
DTCC’s Client Data Hub Live at Five Top Banks
Barclays, Credit Suisse, Goldman Sachs, JPMorganChase and State Street are using the Clarient Entity Hub, a client onboarding and data management solution made by Clarient Global, a new DTCC company, officials say. The service helps firms “store, maintain and distribute data and documentation to relevant counterparties, service providers and regulators in order to comply with… Read More >>
Eze Software Upgrades Tradar PMS
Investment technology vendor Eze Software Group has completed a series of upgrades to portfolio accounting and reporting system Tradar PMS, improving asset class coverage across instruments and regions, officials say. The new functionalities are part of Eze Software’s “drive to streamline investment managers’ workflows and increase operational efficiency through tighter integration between Eze Software applications,”… Read More >>
Regulatory Compliance Tops List of Ops Burdens
A white paper from financial messaging and systems cooperative SWIFT finds that regulatory concerns tower over other operational challenges for the buy side in 2015. Research commissioned by SWIFT also shows that buy-side firms are grappling with automation and financial crime compliance initiatives. The findings came as a result of survey and are offered via… Read More >>
Watson Wheatley Adds Equity Module to i-Recs
Reconciliation systems vendor Watson Wheatley Financial Systems (WWFS) has released a new Total Equity Module for Derivatives Reconciliation for its i-Recs platform, officials say. The module facilitates matching of any margin traded instruments, and its “unique methodology” can help solve “the book cost differences that appear on derivative instruments,” according to a company statement. The… Read More >>
ISITC Survey Indicates Technology Spending Up
Industry trade and standards group ISITC has just released the results of its annual membership survey and has found that a high percentage of respondents, 88 percent, say that firms will benefit from increased spending on technology in 2015. Operational challenges with alternative and non-traditional investments and regulatory change may be on the spending list… Read More >>
Temenos Jolts Fund Administration Market
Temenos Group, maker of the T24 core banking solution, is moving to aggressively take advantage of the “fast-growing fund administration market” via the $248.7 million (€235 million) acquisition of fund administration software vendor Multifonds, which has been in the market since 1995 and has more than 30 of “the world’s largest financial institutions” on its… Read More >>
Cronos Consultants Group Partners with Misys
Misys, a financial software and systems vendor, has signed an agreement with Cronos Consultants Group to become a member of the Misys InFusion partner program. The program is in effect in the UK and Ireland, officials say. The companies are long-time collaborators, according to a Misys statement, with Cronos “providing consulting, system integration, infrastructure and… Read More >>
