The Luxembourg-based CSD will use Finomial’s technology to automate trade documentation completion for funds in alternative assets.
Through the asset manager’s ‘Morgan Money’ trading platform, it has become the first in the market to offer automated settlement with Calastone's technology.
US asset manager Legg Mason plans to be one of the first adopters of the new ETF model, with BNY Mellon as their ETF service provider.
SS&C acquires machine learning paper-to-digital data transformation platform.
Syndicated loans have emerged as a key asset class for Northern Trust's institutional investor and family offices clients.
First State Investments will use the service for end-to-end automation of its UK investment funds from order placement, to settlement and asset servicing.
LGIM will be able to use the CREST investment fund services for end-to-end automation of order placement, settlement and asset servicing.
Deutsche Bank has successfully piloted a solution using DLT to enable further automation of custodial services.
The planned cuts are aimed to increase its competitiveness in an increasingly constrained operating environment.
SS&C has signed on a number of leading buy-side firms and financial institutions to its various automated middle- and back-office platforms.