In other news, GoldenSource works with Snowflake, LexisNexis Risk Solutions launches ‘RiskNarrative,’ and the JSE readies Colo 2.0.
Crystal Capital to Bolster Ops via SS&C Systems
Crystal Capital Partners, an alternative investment platform provider, reports that it has selected the Geneva and Advent systems from SS&C Technologies to “streamline portfolio management and reporting across more than 500 customized portfolios and support further growth,” officials say.
“Our integration with SS&C will help streamline the investing process for advisors and their clients, eliminating much of the burdensome operational processes associated with alternative investments —subscriptions, rebalancing, and liquidity schedules, among other things,” says Michael Hoyer, chief financial officer (CFO) for Crystal Capital Partners.
“As a result, advisors can focus more time on educating their clients about the breadth of the asset class and how it can be deployed in a modern portfolio,” Hoyer says.
The investment platform of Crystal Capital Partners helps clients “to build diversified portfolios comprised of institutional private funds,” officials say. “Last year, they achieved annualized AUM growth of 20 percent and 32 percent growth in new advisory relationships. Crystal’s platform currently connects over 200 wealth management firms to approximately 60 third-party institutional funds which manage over $1.5 trillion in assets.”
“We are excited to support Crystal Capital Partners in their efforts to bring efficiencies to alternatives investing,” says Karen Geiger, co-general manager for SS&C Advent, in a prepared statement. “We look forward to helping Crystal Capital optimize operational workflows on their platform, so their member advisors can focus on client relationships and generating investment returns.”
Crystal Capital’s clients include independent advisors, regional banks, investment banking divisions, and multi-family offices, officials say.
GoldenSource App Eases Snowflake Interactions
GoldenSource, a data management solutions provider, reports that it has just released the GoldenSource Snowflake Native App, which will bring together GoldenSource’s data warehouse schema and the Snowflake Data Share.
“The GoldenSource schema provides firms with a way to identify, structure, describe and link data that is of interest to an organization, independent of how the organization uses and processes that data,” according to GoldenSource officials.
The Data Cloud cloud-native system from Snowflake services “applications, collaboration, cybersecurity, data engineering, data lake, data science, data warehousing, and unistore,” according to Snowflake officials.
With the new app, the GoldenSource schema “can be moved into the Snowflake cloud data platform, meaning dispersed datasets will be mapped together and delivered in an easy-to-understand format, for market participants across the buy and sell side to ‘slice and dice’ the data effectively within Snowflake,” GoldenSource officials say. “Consequently, firms can significantly accelerate the use of analytical tools to gain deeper insights from data, driving forward better decision-making.”
The GoldenSource Snowflake Native App brings “the process to the data, rather than the data having to be moved for processing. The app is a modern way to populate data schemas with content that already resides within the Snowflake Data Share or in S3 buckets, which are public cloud storage containers,” officials add.
Before the new app, the “cleaning and transforming raw data had to be handled externally by cloud computing platforms. The GoldenSource Snowflake Native App will help accelerate adoption of Snowflake use across the financial services industry, with an intuitive user experience and four simple steps in Snowflake: connect data; configure storage; enable events; grant access,” according to officials.
“Historically, there have been significant barriers for firms to gain meaningful insights and value from cloud data content, because of disparate datasets that are unstructured in nature,” says Jeremy Katzeff, head of buy side solutions at GoldenSource, in a prepared statement.
“With this collaboration, we aim to revolutionize the way datasets are integrated and analyzed within a modern cloud-native environment, allowing organizations to extract more valuable insights from data content, with a greatly improved user experience,” Katzeff says.
LexisNexis Risk Solutions Debuts ‘RiskNarrative’
LexisNexis Risk Solutions reports that it has launched RiskNarrative, “a customer lifecycle management orchestration platform” intended to “reduce financial crime, while cutting compliance costs and providing smoother customer journeys.”
The LexisNexis RiskNarrative platform will help cut costs “caused by siloed operations by unifying multiple customer onboarding, compliance, and risk-based workflows within a single application program interface (API) and platform environment,” officials say.
“Orchestration platforms deliver a single, real-time view of customer risk for more effective and continuously responsive, end-to-end financial crime management. Organizations can expedite risk decisions through this more holistic view that incorporates know your customer (KYC), know your business (KYB), anti-money laundering (AML) activity, identity documentation, behavioral biometrics, and enhanced fraud detection,” according to LexisNexis.
“Customers return to businesses expecting to be instantly recognized across multiple channels while new customers want to be able to onboard quickly and make transactions immediately. However, this digital transition in the global economy is also increasing opportunities for criminals to exploit digital ecosystems and evade detection,” officials say.
LexisNexis RiskNarrative offers no-code configuration, drag-and-drop services and apps, and easy integration, officials say.
“An orchestration platform helps to create a smooth and efficient exchange between the compliance, fraud, and infosec functions,” says Ryan Morrison, vice president of platform strategy at LexisNexis Risk Solutions, in a statement.
Johannesburg Stock Exchange Readies ‘Colo 2.0’
Johannesburg Stock Exchange (JSE) officials say that they “will soon launch Colo 2.0 — an advanced managed infrastructure as a service (IaaS) solution that will provide JSE clients with cloud-based colocation services.”
JSE officials will be working Beeks Group, a managed cloud computing and analytics provider for financial markets, and IPC Systems, a provider of electronic trading, networking, and communication solutions, officials say.
The new service will help clients “gain the ability to access on-demand private cloud computing and low-latency analytics packaged within Colo 2.0; utilizing the industry-leading private portal to self-manage and configure infrastructure,” according to JSE officials.
“We will provide our clients with leading-edge innovative hosting and connectivity solutions for their colocation needs. This collaboration with two global market leaders is paramount to fostering innovation at the JSE,” says Langa Manqele, head of equities and equity derivatives at JSE.
Colo 2.0 will offer “on-demand computing and analytics capabilities,” in “a fully configured, pre-installed” and multi-tenant environment, officials say.
The solution is intended to cut “time to market and total cost of ownership while offering PTP (precision time protocol) time stamping, improved flexibility and scalability, a built-in analytics server, and a single point of contact for support and invoicing,” officials say.
“By reducing CapEx spend and operational barriers to entry, our flexible solution allows the JSE to offer a branded cloud service in their own facility, and control that infrastructure easily at scale, turning a cost center into a profit center,” says Gordon McArthur, CEO at Beeks’ Group, in a statement.
The JSE offers “primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets,” officials say. It is the largest stock exchange in Africa, having been in operation for 135 years.
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