The expansion builds on Pirum's existing real-time connectivity to the four international tri-party agents.
A number of custodians and fund administrators have targeted the front-office as a new growth opportunity and expand from its traditional back-office services model.
DLT is becoming more accepted by banks and financial institutions that are in the process of developing use cases and rolling out the technology.
Several firms are looking at technologies such as blockchain and machine learning to automate and digitise the corporate actions and proxy voting process.
The partnership reflects the rise of ‘shadow’ fund administration, with an independent third-party providing oversight and validation of fund accounting.
AcadiaSoft’s flagship MarginSphere well help streamline and automate the margin process for Charles River IMS and its middle-office teams.
The new services will help Pershing enhance its traditional clearing, custody and back-office services for its wealth management clients.
The new business builds on agreements it signed with KAS Bank and Societe Generale Securities Services to use SimCorp Dimension for their custody services.
Trade execution standards provider looks to move into back-office, as SWIFT responds by highlighting reasons to stick to ISO messaging.
Industry experts give us their predictions for the New Year, focusing on regulatory and technology developments.