TCS offers tech to market infrastructure firms to provide tokenised services
New solution allows market infrastructure institutions to support tokenised asset classes and drive growth.
Technology
State Street adopts machine learning from FinTech Canoe to streamline private markets processing
The partnership comes as custodians turn to FinTechs and other technology providers to transform and automate unstructured data in the alternatives markets.
JP Morgan backs collateral mobility platform HQLAx with Series B investment
Custodian invests in widely backed collateral mobility platform and will also connect its agency securities lending business to HQLAx.
France’s central bank successfully tests CBDC with T2S platform
Banque Internationale à Luxembourg, LuxCSD and Seba Bank tested use of Central Bank Digital Currency (CBDC) for securities transactions.
Baillie Gifford extends fund accounting partnership with Linedata
The extended partnership will enable Baillie Gifford to continue developing its fund accounting processes.
Standard Chartered looks to bolster alternatives offerings through Temenos partnership
The bank has extended its services to support alternative assets, leveraging automation to improve operational efficiencies.
KeyBank goes live with SmartStream’s cloud-based collateral management solution
New service enables the bank to improve operational and credit risk strategies, and reduce its internal infrastructure and support costs.
Broadridge looks to transform repo trading with launch of new blockchain-based platform
The new platform utilises smart contracts and distributed ledger technology, a move that could potentially transform the repo market.
Arcesium launches new performance allocations product, PerformA
The new product moves Arcesium into the private equity space, expanding from its typical focus on hedge funds and fund administrators.
TreasurySpring raises $10 million in Series A investment round
Run by GC 30 to Shape the Future finalist, TreasurySpring raises capital to support the growth of the team as demand for its fixed-term fund platform increases.