Back office
Torstone to Integrate Risk Calculations into Inferno
The vendor will add trading position flow and risk calculations to the platform this year, as it continues to integrate functions from recent acquisition Percentile.
How Sarson Strover’s Outsourcing Policy Averted Virus Disruption
The newly fledged UK hedge fund has outsourced its portfolio management tech and operations to third parties, a move that has helped it through the coronavirus pandemic.
People Moves: FTSE Russell, UKGI, Clearwater, Cloud9, LDX
A look at some of the key People Moves from this week.
FIS Acquires Virtus to Expand Managed Services in Credit Space
FIS is looking to integrate Virtus technology platforms into its back-office solutions.
Introducing AI to the Back Office—Does the Tech Measure Up to the Hype?
Throughout 2019, artificial intelligence (AI) has been one of the most predominant buzzwords in the financial technology space. AI has promised enhanced accuracy and improved efficiencies, allowing staff to focus on higher-value tasks—it truly has the…
Brown Brothers Harriman Automates NAV Reviews with Machine Learning
The bank is looking to automation in the middle and back offices as it seeks to exploit emerging technologies.
The API Economy’s Existential Crisis
Has the so-called ‘API economy’ been over-hyped, or is there value in recalibrating an open API strategy? WatersTechnology examines.
Confluence & StatPro: A Sign of the Buy-Side Times
Confluence has a big job ahead integrating StatPro’s various analytics tools.
Confluence Buys StatPro
For £161.1 million, Confluence has purchased StatPro. Both companies stand to gain more global clients, and users can expect new products meant to alleviate pain points felt by the buy side.
SimCorp to Allow Buy-Side Clients Plug-and-Play Access to Start-Ups
The Danish vendor is looking to partner with fintechs to allow for buy-side firms to benefit from minimal integrations and to reduce contractual barriers.
Battle Bots: Charting AI’s Next Phase in the Back Office
Financial services firms are deeply entranced with artificial intelligence (AI), yet the revolution is under pressure as the industry continues to become more educated and selective about it. Recent research data from WatersTechnology and SmartStream…
Kooltra Launches Cloud-Based Back-Office Tool for FX Market
The first rollout of the offering is geared toward smaller and new brokers looking to outsource their back-office tech.
Torstone Buffs Middle-Office Bona Fides with Percentile Buy
Torstone will add a risk management component to its post-trade platform through its acquisition of the vendor.
The Change Manager: Fabrice Silberzan, BNP Paribas Asset Management
Fabrice Silberzan is playing a key role in the transformation of BNP Paribas Asset Management. With his background working across different cultures and various roles, from IT to securities and HR, the opera-loving Frenchman has a lot of lessons to share…
Banorte Digitizes Risk Operations
One of the largest financial institutions in Mexico is digitizing core risk and compliance functions to consolidate operations, reduce reconciliation costs and future-proof its IT infrastructure.
Tibco Releases Spotfire X Analytics Platform
Spotfire X is a business intelligence analytics tool that allows users to view historical and low-latency data after any condition, in a single interactive environment.
STP: Shedding the Leftover Inefficiencies
The age-old problem of achieving straight through processing remains a challenge for some buy-side firms today. But time is running out.
FlexTrade Adds IPP Platform to EMS
The interoperability platform will enable clients to have access to real-time data sharing and improve workflow collaboration.
SimCorp to Open Tokyo Office
Vendor sees the Japanese market moving towards more high-yielding strategies.
Storebrand AM Completes Move to SimCorp Dimension
Norway’s largest private asset manager finalizes the last leg of its technology consolidation project.