Axxsys Consulting, a successful and growing financial services consultancy firm, are announcing the acquisition of WS Technology, in order to strengthen their offering on Front Office Technology, Data Management, Performance and Regulatory Advisory Services.

Axxsys' acquisition of financial technology consultancy WS Technology, which had a turnover of GBP 3,000.000 in 2014, adds a more diversified offering to Axxsys Consulting's current client base, which includes major banks, pension funds and asset managers in Europe and North America.

Intelliflo, the leading provider of web-based business management software to over 1,450 firms has partnered with Lindenhouse Software’s leading document management solution Virtual Cabinet to deliver increased efficiencies for clients.

Virtual Cabinet is the preferred document management & cloud portal solution of 30 of the top 100 UK accountancy practices.  It combines industry-leading document management with secure client communication and the electronic sign-off of documents through an integrated portal.

 Omgeo, a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC) and the global standard for institutional post-trade efficiency, today announced that Brown Brothers Harriman (BBH) was the first global custodian to go live on the new Omgeo ALERT^SM GC Direct service.

Its ability to combine top-tier industry and trust expertise with leading-edge technology to reinvent traditional trust operations has earned FIS^™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, a multi-year wealth technology and operations outsourcing commitment from Westwood Trust, a Texas-chartered trust company headquartered in Dalla

Banks are struggling to stay relevant to a shifting customer base that is driven by technology and need to rethink their business models and value propositions to stay relevant to customers, according to a study by Anthemis Group and Claro Partners.

RSRCHXchange officially launches RSRCHX today, its online marketplace for buying and selling institutional research. Built in consultation with asset management institutions and research providers, RSRCHX radically modernises the way in which users interact with research and enables the buy side to comply with the MiFID II research unbundling requirements.

BCS Financial Group, the largest securities broker on the Moscow Exchange, has been granted access to Euroclear, the world’s largest international central securities depository, through BCS Prime Brokerage Limited.

By using Euroclear, BCS Financial Group will broaden its product offering, enhance its operational efficiency, reduce risks and optimise the costs of trading, settlement and custody services. 

BCS anticipates using Euroclear’s services in the European, UK (LSE IOB), US and Russian markets (local equities and government bonds).

SWIFT announces that GlobalTrade Corporation (GTC), a leading provider of innovative multi-bank trade finance solutions, is the first trade finance technology provider to integrate Alliance Lite2 for Business Applications (L2BA) with its multi-bank trade finance platform for corporates.

Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy- and sell-side firms, have successfully closed their Series A funding round last week, bringing the total investment to £4.145m. Investors include Buysse & Partners, LRM Capital, SmartFin Capital, Velocity Capital and Ancoa’s management team as well as a number of high net worth individuals and family offices. All investors are strongly committed to FinTech sector investments through the variety of their individual portfolios.

The portal has been created with widespread support and input from the intermediary sector and represents the first phase of its mortgage switching initiative that will see further development throughout the year.

A market first, the user friendly Product Switching Portal gives brokers clear and instant information to help them share new and existing products with homeowners in a matter of minutes.