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SS&C Proposes Acquisition of Australian Financial Technology Provider GBST Holdings
SS&C is back on the acquisition trail, this time announcing a non-binding indicative proposal to acquire Australian financial technology firm GBST Holdings for approximately A$221 million (equivalent to about US$155 million). While the company made four successful acquisitions in 2018, this one may not complete as it is reported that FNZ, a wealth management specialist…
Fiserv Automates Horizon Investments’ Portfolio Management
Fiserv, a provider of financial services technology solutions, is supporting Horizon Investments, a provider of goals-based investment management, with its Unified Wealth Platform in order to automate portfolio management, trade and rebalance processes. The platform will allow Horizon to access tools for active portfolio management across multiple managed account programmes and security types, including stocks,…
J.P. Morgan Partners StatPro to Deliver Portfolio Analytics for Asset Managers
StatPro is hoping to reach new heights through a strategic partnership with J.P. Morgan that will provide J.P. Morgan clients with access to StatPro’s Revolution portfolio analytics platform alongside the bank’s fixed income benchmark indices. The aim of the partnership, which has an initial five-year term, is to create a one-stop shop offering decision makers…
SS&C upgrades Advent solutions
SS&C Technologies has released version 19.1 of its Advent portfolio management solutions. The Advent products, acquired in 2015, include Advent Portfolio Exchange (APX), a portfolio accounting and reporting solution that includes a new API for portfolios and token-based authentication capabilities. APX regulatory reporting is also improved. Advent Genesis, a cloud-based rebalancing, portfolio construction and trade…
ASG Releases Enterprise Orchestrator
ASG Technologies has released Enterprise Orchestrator, a solution delivering cross-technology stack orchestration of enterprise value streams. Spanning everything from mainframes to cloud, the orchestrator provides workload automation and value stream visibility using a centralised console and dashboard. It is also designed to meet client interest in DevOps solutions and is the first of a number…
Fund Administrator Extends StatPro Contract
Another win for StatPro, this time a three-year contract with a top 20 fund administrator for Revolution. The minimum contract value is £2.44 million. The fund administrator currently uses Revolution to provide services to over 30 clients for performance, attribution and risk. This contract extension demonstrates its renewed commitment to Revolution and future expansion of…
Mada Capital Selects Profile’s Axia for Wealth and Fund Management Operations
Profile Software’s Axia has been selected by Mada Capital and Mada Financial Services, subsidiaries of Dubai-based investment firm Primavis Capital, to support wealth and fund management operations. The firm assessed a number of potential solutions on the basis of criteria – including innovative technology, scalability, modern design and breadth of functionality – that were considered…
Annaly Capital Management Implements CuriumEDM to Drive Efficiency and Transparency
Annaly Capital Management, a New York based diversified capital manager, has implemented Curium Data System’s enterprise data management (EDM) solution as part of a multi-phased technology initiative designed to drive operational efficiencies and promote transparency across the company’s platform. Don Choe, chief technology officer at Annaly, says the firm evaluated numerous master data management products…
Refinitiv Puts Data and Compute in the Cloud to Deliver PRIIPs Compliance Service
Refinitiv is building out cloud capability by providing a menu of data and services that breaks down its traditional product outlook. Clients can select the capabilities and content they need, compute is performed in the cloud, and longer term, cloud is expected to unlock some of the costs of platforms, people and processes. An example…
Addressing the Challenges and Realising the Benefits of a ‘Cloud First’ Policy
By Andy Mather, European Financial Services Industry Specialist, Telstra. The move to a ‘cloud first’ policy by financial firms is a tantalising idea. After all, which chief technology officer wouldn’t want to seriously reduce their company’s on-premise compute and storage costs, while at the same time boosting agility and ability to profit from new, innovative,…