Synechron to Focus on Financial Services & Insurance Sectors Synechron, Inc., a financial services consultant and IT services provider, reports the launch of artificial intelligence (AI) data science accelerators for financial services, banking and insurance firms. The new accelerators “help financial services and insurance firms solve complex business challenges by discovering meaningful relationships between events… Read More >>
Regulators Extend Comment Deadline for New Volcker Rule
Five Regulators Move Volcker Rule Deadline to Oct. 17 Securities industry participants will get more time to weigh in on the very controversial Dodd-Frank Era “Volcker Rule,” which in its initial form prohibits proprietary trading and banks from owning hedge funds or private equity funds. Five federal financial regulatory agencies have agreed to extend until… Read More >>
Vestmark Launches Outsourced Service for Trading Models
Vestmark is unveiling its Model Trading Service (MTS), a way to outsource model management, trading, rebalancing and account administration and cut overhead costs, say officials at the portfolio management software and services vendor. Citing Cerulli Associates, Vestmark officials argue that firms using models and outsourcing model portfolios will find it easier “to streamline their practices… Read More >>
NEX & CFETS Launch Platform for FX Trading in China
FX Platform Launched in Phases NEX, a financial technology company, reports that it has partnered with the China Foreign Exchange Trade System (CFETS), China’s interbank market trading platform and infrastructure provider, to launch CFETS FX2017, a new trading platform for the Chinese foreign exchange (FX) market. CFETS launched the first phase of FX2017 with a… Read More >>
Vestmark Launches Robo Advice Platform
Vestmark Targets Brokers, RIAs, Asset Managers & Banks Wealth management technology vendor Vestmark is launching a hybrid “robo service” that blends human and automated advice delivery via robo-advice platform. The VestmarkONE Robo Solution has been designed to help advisors who need digital support via a turnkey offering. The vendor is targeting broker/dealers, registered investment advisors… Read More >>
Vestmark Gets $30 Million Cash Infusion
Summit Partners Invests $30 Million in Vestmark Vestmark, a software as a service (SaaS) provider of unified wealth management solutions, recently closed a $30 million dollar investment from global growth equity investor Summit Partners, officials say. Vestmark officials say they will use the new funding to accelerate growth by increasing investment in sales, marketing, and… Read More >>
Vestmark Platform Links Sponsors to Asset Managers
Vestmark, a software-as-a-service (SaaS) provider of portfolio management and trading solutions, has launched the Vestmark Manager Marketplace (VMM), which is intended to connect asset managers to sponsors such as registered investment advisors (RIAs), banks and broker-dealers. The VMM service facilitates sponsors’ links to third-party management in model portfolio format or in separately managed accounts (SMAs),… Read More >>
Amazon Web Services to Support Key Markit Systems
Markit Signs On for Amazon Web Services A provider of data services and systems, Markit has adopted the low-rent cloud computing support of Amazon Web Services (AWS) to support “Markit products and services including enterprise data management (EDM), thinkFolio, WSO, indices and processing,” according to Markit officials. Markit EDM and WSO customers across North America… Read More >>
Vestmark Buys Technology from Advanced Objects
Vestmark, a software as a service (SaaS) provider of portfolio management and trading solutions, reports that it has acquired for an undisclosed amount the proposal generation and sales analytics technology from Advanced Objects, a Chicago-based provider of financial technology and consulting services. The Advance Objects technology will be integrated with VestmarkONE, Vestmark’s unified wealth management… Read More >>
Oppenheimer Consolidates Platforms via VestmarkONE
Investment manager Oppenheimer & Co. recently began consolidating the firms’ many platforms with the help of vendor Vestmark, a move the firm says will help it get a handle on its disparate IT systems. Vestmark offers platform consolidation system via a software as a service (SaaS) implementation, officials say. Bryan McKigney, Oppenheimer’s president, says the firm… Read More >>
