Our free FinTech news roundup also covers: Broadridge & LTX, Aberdeen Standard Investments’s transfer agency news, and Vestrata’s launch.
Facepoint Available via NICE Actimize’s Marketplace
Hoboken, N.J.-based NICE Actimize, a NICE business, reports that Facepoint, which offers a biometric risk screening engine, has joined the X-Sight Marketplace
NICE Actimize’s X-Sight Marketplace includes “more than 60 technology partners,” according to a statement, which calls the marketplace the “first financial crime and compliance ecosystem that connects financial services organizations with data, applications, tools and service providers, providing both the value of choice and the ability to reduce integration timelines.”
Facepoint “uses facial recognition to disambiguate potential matches, reduce false-positive rates, and identify emerging threats such as those posed by unnamed persons of interest that are not covered by watchlists.”
Its “picture intelligence” feature “maintains a worldwide image database of ‘people of interest,’ and offers a real-time risk mitigation solution thanks to cutting-edge image analysis,” according to Facepoint.
NICE, the parent company of NICE Actimize, provides both cloud and on-premises enterprise software processes and procedures. More than 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, are using NICE solutions, the company says in the statement.
Broadridge Appoints a Chairman for LTX
Art Certosimo
Broadridge Financial Solutions, Inc., a provider of post-trade systems, software, and services, reports that Art Certosimo has been appointed chairman of the board at LTX, a Broadridge company offering a digital trading platform for corporate bonds. The platform uses artificial intelligence.
Certosimo is a non-executive chairman who will continue to be a senior advisor to Broadridge Financial Solutions. He brings “over 35 years of international banking and capital markets experience” to his new post, according to the statement.
Vijay Mayadas, a co-founder and former LTX chair, will become LTX vice chairman, in addition to his recent appointment as president of capital markets at Broadridge, officials add.
Both Certosimo and Mayadas will be working with the newly appointed LTX CEO and co-founder Jim Toffey, according to the statement.
Aberdeen Standard Investments Expands Transfer Agency Support
Global asset manager Aberdeen Standard Investments has extended its transfer agency services relationship with SS&C Technologies and International Financial Data Services (IFDS) to its Luxembourg division, officials say.
The extension will enable the asset manager to deliver a unified global digital customer experience across domiciles.
“SS&C Global Investor and Distribution Solutions (GIDS) will provide business process outsourcing (BPO) and global transfer agency services to Aberdeen Standard Investments Luxembourg S.A., with local support from IFDS,” according to officials.
“Aberdeen Standard Investments already uses SS&C Global Investor and Distribution Solutions for transfer agency services in the U.K. The asset manager will now use the technology and service offering for its 23,000 accounts in Luxembourg,” according to an official statement.
SS&C will provide recordkeeping, data-driven operational insights, real-time transparent oversight, intelligent automation, and digital tools, officials say. The SS&C GIDS will service Aberdeen Standard Investments clients globally and IFDS will complete local servicing in Luxembourg.
An outsourcer and solutions provider for financial services firms, IFDS has global headquarters in Toronto, Canada.
SS&C is a global services and software vendor based in Windsor, Conn.
Vestrata Launches & Targets Wealth Management Sector
Mark Le Lievre
Vestrata, a fintech investment start-up, has launched with the completion of a $4 million investment round. The vendor is headed by “seven former leaders from some of the largest wealth management institutions in the world,” according to a statement about the launch.
Vestrata says it intends to focus its proposition on the “wealth management and private banking sector.’
Its proprietary technology platform will “deliver a suite of discretionary, advisory, alternatives and ESG [environmental, social and corporate governance] investment solutions that help wealth managers to drive improved client engagement, control risk and reduce cost,” the vendor adds, noting that its services are “developed in collaboration with leading asset managers, research houses and alternatives providers, and will be delivered through an integrated, scalable and modular platform.”
The Vestrata group is headed by Mark Le Lievre, its co-founder and CEO, who was previously global head of products and platforms at J.P. Morgan Private Bank and head of investment content at UBS Wealth Management.
The Vestrata group also includes Doug Wurth, chairman, who formerly led the international private bank and alternatives businesses at J.P. Morgan; Kim Lennen, chief technology officer (CTO) and co-founder of J.P. Morgan Private Bank (Europe); Lea Blinoff, head of solutions, former managing director at J.P. Morgan; Arun Sinha, CMO, former CMO of J.P. Morgan Wealth Management; Eric Laget, chief legal officer, former in-house counsel at J.P. Morgan Asset Management; Tim Riseborough, CFO/COO, former COO at HSBC Commercial Bank; and Sarah Newman, CCO, former head of investment products at Barclays Wealth Management.
