Citco has made a number of investments into FinTech firms to complement its core offering and provide enhanced reporting and analytics services.
FinTech partnerships have become an attractive alternative or compliment to relying solely on internal innovation.
Citco has made ‘significant strategic investment’ with the aim of providing tailored middle-office services within a wider front-to-back strategy.
Citco has invested in its loan servicing capabilities to address client needs and offer a holistic lending solution.
The partnerships extends the capabilities of the Citco Institutional Services business line, which was launched in June.
Citco Institutional Services will provide new range of services aims to relieve legislative and regulatory pressures on institutional investors.
Citco has provided asset servicing and fund administration services to EQT since 2014 for its private equity, infrastructure and real estate funds.
Hedge fund administration has been cited as the perfect testing ground for new technologies, such as artificial intelligence and natural language processing.