Online Report Center Will Become a Cloud Service Northern Trust is relaunching a client-facing portal, the Online Report Center, as a cloud-based service with a redesigned user interface, officials say. The revamped service “is currently in its beta phase with a select group of clients. The full release for all clients will be available later… Read More >>
FIS to Invest $150M in FinTech Startups
FIS Ventures to Fund ‘Flutterwave’ Financial technology specialist vendor FIS reports that its new “corporate venture investment division” FIS Ventures has launched “an effort to invest a target of $150 million in promising fintech startups over the next three years.” The first FIS Ventures investment is in Flutterwave, a Lagos, Nigeria and San Francisco-based… Read More >>
Morningstar Acquires Sustainalytics for $59M
Morningstar Ups Ownership of ESG Research Firm Morningstar, Inc., an investment research provider, reports an agreement to acquire Sustainalytics, a provider of environmental, social, and governance (ESG) ratings and research. Morningstar also points out that it currently has an approximately 40 percent ownership stake in Sustainalytics, first acquired in 2017, and that, under the terms… Read More >>
Nasdaq Data Now Available via Cloud Service
Exchanges operator Nasdaq recently hit a COVID-19 speed bump as it was preparing to launch its Nasdaq Cloud Data Service (NCDS), which uses application programming interfaces (APIs) to provide access to real-time exchange data, indexes, and fund data. Before a full launch, Nasdaq had to find out if the implementation of the new offering would… Read More >>
Firm Launches Trading System Despite Pandemic
An Australian specialist fund manager, Atlas Infrastructure, went live with Indata’s Architect AI OMS and portfolio management solution this month despite the disruptions cause by the COVID-19 pandemic, and with the vendor’s help, completed a deployment remotely. The travel restrictions caused by the pandemic meant that Indata worked with Atlas “completely on a remote basis… Read More >>
SimCorp Targets Buy Side’s Need for Holistic Data Management
SimCorp, an investment management solutions and services vendor, has launched a managed data service, dubbed Datacare, that targets buy-side firms searching for an updated, holistic approach to overseeing multiple-asset, front-to-back office market and reference data, officials say. The new offering was developed in collaboration with buy-side institutions such as Zurich Insurance Group, which has an… Read More >>
LSEG Rejects $39 Billion Takeover Bid from HKEX
A bid from Hong Kong Exchanges and Clearing Ltd. (HKEX) to take over the London Stock Exchange Group plc (LSEG) has been rejected by the LSEG board. On September 11, HKEX went public with its $39 billion takeover bid, arguing that a combination with LSEG would be “a highly compelling strategic opportunity to create a global market… Read More >>
SmartStream Argues for the Utility Approach
(Editor’s note: SmartStream took home the award for Best Operational Risk Management Solution in this year’s FTF News Technology Innovation Awards competition for its Reference Data Utility (RDU) offering. Among its many aspects, the RDU provides a security master that was created “in close association with demanding global institutions,” according to SmartStream. The RDU is a… Read More >>
PGI Taps Eagle, Citisoft to Build Global IBOR
Principal Global Investors (PGI), the asset management subsidiary of the Principal Financial Group, reports that it is live with a hosted, portfolio accounting solution from Eagle Investment Systems that will serve as the firm’s centralized investment book of record (IBOR). The approximately four-year effort also involved investment management consultancy Citisoft, which partnered with PGI to… Read More >>
Data’s Value Drives Acquisitions by ION & Liquidnet
Whatever IT disruptions are ahead, it’s clear that data, analytics and research are going to play key roles and are still top priorities as evidenced by two acquisitions announced on May 13. ION Investment Group has purchased for an undisclosed amount a controlling stake in Acuris, a provider of proprietary financial intelligence, data and analytics…. Read More >>
