A letter sent to the Trump administration from New York City’s A-List business leaders, including many from top Wall Street financial services firms, underscores the need for “an orderly presidential transition process” so that the country can re-focus on ending the global pandemic. The letter also underscores the need for more cooperation among groups and… Read More >>
Industry Passes SIFMA-led Regulation SCI Tests
100 Firms & 80 Organizations Took Part in the SCI Tests The Securities Industry and Financial Markets Association (SIFMA) reports that it led “a successful business continuity test” on Saturday, Oct. 24, an annual effort mandated by the SEC’s Regulation Systems Compliance and Integrity (SCI). The industry-wide test was combined with a large-scale connectivity evaluation…. Read More >>
SS&C: Primatics Purchase to Help Clients Untangle Complex Loan Ops
Financial software and services vendor SS&C Technologies is acquiring Primatics Financial for approximately $122 million because of the surge in demand among SS&C clients for help with originating, buying, selling and securitizing loans, according to SS&C. SS&C announced on Monday that it will acquire Primatics via a cash and debt-free transaction with private equity giant… Read More >>
SS&C to Acquire Primatics for $122M
Financial software and services vendor SS&C Technologies has acquired Primatics Financial for approximately $122 million on a cash and debt-free basis from private equity giant The Carlyle Group to lay the groundwork for a solution that integrates accounting, statutory and entity reporting, officials say. SS&C officials say the acquisition is slated to close during the… Read More >>
