Speakers at a conference on Bitcoin noted that as incongruous as it may seem for a crytocurrency created by anarcho-capitalists, regulation could be an important first step in bringing Bitcoin the trust and recognition it needs before it can really take off. “Nobody is excited about regulation,” says Sarah Martin, CEO of digital currency public… Read More >>
Q&A: ‘The PDF Report is Dead for Private Equity’
Editor’s Note: FTF News spoke this week with Brendan Tyne, managing director, New York, of Augentius (U.S.) Inc., a private equity fund administrator, about the changing operational data demands of the private equity business. The new data demands are causing Tyne to declare that the era of the PDF is dead. Q: How certain are… Read More >>
OpenFin Raises $3M to Scale Up Offerings
FinTech startup, OpenFin, a provider of HTML5 runtime technology for financial services firms, has raised $3.0 million in financing that will be used for product development and engineering team expansion in New York and London, officials say. These teams will work toward scaling OpenFin’s offerings to meet client needs. OpenFin’s HTML5 implementation is based on… Read More >>
Lombard Risk Spotlights Colline Wins
London, England-based Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports that its collateral management, clearing, inventory management and optimisation solution — called Colline — has tallied a “significant number of sales and ‘go-lives’ in the past few months.” Specifically, Lombard Risk notes that… Read More >>
Goldman Sachs Invests $20.5M in Managed Services Vendor
Investment banking giant Goldman Sachs has invested $20.5 million into Perseus, a managed services provider of high-speed connectivity, giving the firm a minority stake in the vendor’s “rapidly growing global technology business,” according to a Perseus statement. The investment will help Perseus to “accelerate expansion of its global managed services network,” the report says. Founded… Read More >>
SmartStream Updates Exception Management Offering
Reconciliations vendor SmartStream has added several enterprise-wide capabilities to the latest release of its TLM Exception Management solution, officials say. The new version includes new features to ease the managing of processes, provide step-by-step operations capabilities and alert functionality across the front-to-back-office. The new functionality is already in use within SmartStream’s Reference Data Utility (RDU),… Read More >>
Thalēs Forms Advisory Board
New York City-based Thalēs Trading Solutions, a U.S. CFTC- and National Futures Association-registered introducing broker founded in 2012, reports the formation of an industry experts advisory board. The board consists of “professionals from various segments of the financial services industry including, institutional investors, fund of funds, family offices, hedge funds, commodity trading advisors, as well… Read More >>
DTCC Integrates Omgeo’s ProtoColl with MTU
Post-trade services utility, the DTCC has announced that the ProtoColl front-end collateral management system from Omgeo, a DTCC subsidiary, has now been integrated with DTCC-Euroclear GlobalCollateral Ltd.’s Margin Transit Utility (MTU), a solution to facilitate the settlement of margin obligations, officials say. The integration will let Omgeo ProtoColl clients gain a view “of all transactions… Read More >>
Dutch Firm Picks SunGard’s Investran
Brabant Development Agency Capital, an investment management company focused on the regional economic structure in the Province of Noord-Brabant, The Netherlands, has picked Sungard Financial Systems’ Investran, to “help enhance data and investment transparency across front- and back-office stakeholders and processes,” according to a SunGard statement. Brabant will employ Investran’s “accounting, deal flow, relationship management,… Read More >>
TCW Group Fills Senior Marketing Role
Global asset manager TCW Group has hired Heather Conforto Beatty as a senior vice president on the institutional marketing team, officials say. In her new role, Beatty will manage relationships with institutional investment clients on the West coast. She will be based in Los Angeles and will report to Joe Carieri, group managing director and… Read More >>
