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 >>
Survey: Asian Firms Need More IT for Wealth Management
SS&C Technologies Holdings, Inc., a Windsor, Conn.-headquartered provider of financial services software and software-enabled services, reports that a survey examining wealth management operations and technology in Asia has found that “banks in Asia do not have the technology to meet high net worth customers’ reporting and analytics demands,” according to an SS&C statement. Specifically, the… 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 >>
SmartStream Hires from MSCI
SmartStream Technologies, the financial transaction lifecycle management specialist, reports that Daniel Pedersen has been named to head sales and business development in Europe. He will report to SmartStream CEO Philippe Chambadal. Prior to joining SmartStream, Pedersen, a veteran with more than 20 years in financial services, worked for four years at RiskMetrics, “where he held… 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 >>
Cordium Debuts Compliance Workflow Solution
Compliance consulting and software vendor Cordium has just launched Pilot, a new compliance workflow management system, officials say. Pilot is designed “to manage complex compliance and operational tasks from start to finish,” and thus help compliance professionals manage and keep on top of their workload, according to a company statement. Pilot centers around an interactive… Read More >>
Q&A: DTCC VP Says T+2 Requirements Coming in May
John Abel, vice president with the DTCC, says the requirements for moving to the trading day plus two business days (T+2) shortened settlement cycle will be coming in early May. There will also be a parallel effort to identify the legal and regulatory changes needed to facilitate T+2. Abel, the DTCC and other industry groups… Read More >>
