InvestCloud, Inc, a provider of cloud-based front and middle-office solutions focused on digitizing customer experiences and internal operations for global investment advisors, today announced it has raised $45 million in growth equity funding. The round was led by FTV Capital and will be used to further invest in the company’s state-of-the-art platform and functionality, enhance customer service, and expand the company’s global footprint. Richard Garman, FTV Capital managing partner, has joined InvestCloud’s board of directors.
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SWIFT announces the availability of the Entity Plus Directory, introduced to help organisations with their entity data management processes. The tool will help enable compliance with a number of new regulations which require financial institutions to report counterparty transactions, identify entities, calculate risk exposure and cross-reference data. Through Entity Plus, financial institutions can accurately cross-reference multiple identifiers of an entity in real-time, such as BIC, LEI, GIIN and MIC.
CGI (TSX: GIB.A) (NYSE: GIB) today launched a set of offerings designed to help banks leaders navigate technology investments in the dynamic, highly competitive, but increasingly important field of transaction banking.
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Murex has selected Accurate™ Reconciliation from Fiserv to integrate with its MX.3 platform as an embedded solution for seamless end-to-end reconciliation.
SmartStream, the financial Transaction Lifecycle Management (TLM®)specialist, today announced the launch of its new TLM Cash Management module for the front-office, which will provide a global real-time view of cash positions across all settlement channels by trading business line, portfolio, book and product.
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has released a white paper today exploring the role of interconnectedness in the transmission of risk and offering practical guidelines for risk management professionals.
Earlier this year the ISSA (International Securities Services Association) Working Group was tasked with understanding the specific challenges in financial crime compliance, and reviewing the growing range of transparency regulations to provide a series of clear, actionable and measurable principles for the industry to follow.
Wolters Kluwer Financial Services today released the results of its Regulatory & Risk Management Indicator for the U.S. insurance industry. The Indicator found insurers over the next 12 months will face competing priorities for resources and time, with cybersecurity preparedness challenging overall regulatory compliance readiness.
Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages and payments, today announced it has created an interface with Ripple, distributed financial technology for global real-time settlement.
The Asia Pacific treasury function continues to evolve according to the Global Transaction Services (GTS) business at Bank of America Merrill Lynch (BofA Merrill). Driven by the need for more sophisticated financial strategies, heightened regulatory requirements, changes in technology and a push to adopt more inclusive business cultures, treasuries are undergoing a transformation across the region. These themes and others are explored in detail in the newly published “Asia Pacific: Treasury in Transition” report by Treasury Management International magazine (TMI).