The Bank of New York Mellon Corp. is acquiring Milestone Group, a fund management technology vendor, so that BNY Mellon can provide its custody banking clients with more digital solutions for net asset value (NAV) support, officials say. The Milestone Group offers the pControl platform for fund and investment automation. The acquisition will help BNY… Read More >>
T. Rowe Price Deploys New NAV Oversight Platform
T. Rowe Price has deployed an automated Net Asset Value (NAV) oversight system that will serve a range of investment offerings, and will replace an internally developed system, according to officials at the mutual fund giant and at Linedata, maker of the Navquest platform. NAV is the “value per share of a mutual fund or… Read More >>
Jupiter Asset Management Uses the Cloud for NAV Oversight
U.K. fund management firm, Jupiter Asset Management, went live this past October with a cloud-based platform from the Milestone Group that automates the collection of fund valuation data and the independent verification of daily net asset value (NAV) prices, officials say. The move to the Milestone system, pControl Oversight, was driven by a spike in… Read More >>
Major Banks to Mentor FinTech Startups in Asia
FinTech Innovation Lab to Help Eight Entrepreneurs Eight financial technology vendors with a range of new offerings including a know your customer (KYC) combination with distributed ledger technology, have been accepted into a 12-week mentorship program in the third annual FinTech Innovation Lab Asia-Pacific, officials say. Other startups participating in the lab are working on… Read More >>
Swiss Asset Manager Picks SimCorp Dimension
Swiss asset manager Unigestion has selected the SimCorp Dimension platform to bolster its front and middle office operations throughout its investment lines, according to a SimCorp statement. Unigestion will use SimCorp Dimension for trade, order and portfolio management, compliance, performance, net asset value (NAV) control, data warehousing and reporting, according to the vendor’s statement. Unigestion… Read More >>
