PIMCO will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
The new technology will help banks that have relied on multiple reconciliation platforms that use legacy technologies which can be up to 20 years old.
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
New Digital Vault service will enable global custody clients of HSBC to access details of their private assets in real-time.
Nomura's joint venture platform, Komainu, is aiming to create a cryptocurrency ecosystem fit for institutional investors.
FIS would provide Victory Capital a 24/7, real-time mutual fund processing and recordkeeping platform, as well as transfer agency services.
One of the main goals of the new technologies is to automate internal tasks and workflow processes.
The purchase is Broadridge’s sixth acquisition this year as it looks to bolster its asset management capabilities.
Deutsche Boerse stated the initiative is the latest milestone in building a comprehensive ecosystem for digital assets.
Rise in private markets activity is forcing asset servicing providers to bolster their offering, as BNP Paribas makes move to deploy analytics and reporting tools.