Our free FinTech roundup also covers Allianz & SS&C, FactSet & Truvalue Labs, ACA Aponix, and TORA and MTS BondsPro
Finastra’s FusionFabric.cloud Links to CloudMargin
Financial services systems vendor Finastra is partnering with CloudMargin, a collateral and margin control solutions provider, to offer an integrated collateral and margin management solution via a Software-as-a-Service (SaaS) model.
The “Collateral Management as a Service,” will be hosted by CloudMargin and available through Finastra’s FusionFabric.cloud platform, officials say.
The new, combined service “covers end-to-end collateral management workflows for variation and initial margin for over-the-counter (OTC) derivatives contracts, repos and securities lending, To Be Announced (TBA) trades, and listed futures and options,” officials say.
Finastra’s cloud platform offers links to core treasury and capital markets solutions to help with straight through processing of derivatives transactions, and operations associated collateral management workflows, officials say. This encompasses all the steps from trade booking to settlement. The vendors say the solution will help automate collateral management processes and help reduce costs.
“We’re seeing increased demand for collateral services from our customers,” says Michael Henssler, general manager, treasury and capital markets and risk at Finastra, in a prepared statement.
“The integration of our collateral management workflow tool into Finastra’s treasury and capital markets solutions creates a strong value proposition to support the full range of needs — from front to back office — of its broad client base,” says Stuart Connolly, CEO of CloudMargin, in a statement.
Allianz Global Investors Picks SS&C’s Sylvan
Allianz GIobal Investors has picked Sylvan, the performance measurement and attribution platform offered by SS&C Technologies Holdings, Inc., for use by its fixed income businesses.
AllianzGI’s fixed income group manages €193 billion in assets globally, the firm says in a statement.
“Allianz Global Investors is embarking on a substantial and strategic initiative to upscale and improve our fixed income operating model,” Markus Lohmann, Global Head of IT at Allianz Global Investors, says in a prepared statement. “We see Sylvan as a key component within the best-of-breed architecture for our Global Fixed Income Platform. “
In the statement, Allianz Global Investors cites Sylvan’s “User Defined Attribution (UDA), with its ability to support Allianz Global
Investors’ custom attribution models, as a key factor in their decision. Another critical feature is Sylvan’s interactive reporting and customizable dashboards, which will deliver a self-service reporting capability to Allianz GIobal Investors’ fixed income team.”
Allianz Global Investors is an asset manager with “over 760 investment professionals in 25 offices worldwide … managing more than €538 billion in assets for individuals, families and institutions,” the firm says.
SS&C, founded in 1986 and headquartered in Windsor, Connecticut, provides “services and software for the financial services and healthcare industries,” the statement notes.
FactSet Buys Truvalue Labs
FactSet, a provider of integrated financial information and applications, reports that it has entered into a definitive agreement to acquire Truvalue Labs, Inc., which it calls a “pioneer in AI-driven environmental, social, and governance (ESG) data.”
The transaction is expected to close later this year and is not expected to have a material impact on FactSet’s fiscal 2021 financial results, FactSet says in a statement.
Truvalue “applies AI-driven technology to over 100,000 unstructured text sources in 13 languages, including news, trade journals, and nongovernmental organizations and industry reports, to provide daily signals that identify positive and negative ESG behavior,” FactSet says. “Its coverage spans over 19,000 public and private companies and generates short-term, long-term, and momentum scores derived from hundreds of signals.”
Truvalue Labs was founded in 2013 and is headquartered in San Francisco.
ACA Aponix Launches New Cybersecurity Offering
ACA Aponix, part of the ACA Compliance Group, reports the launch of Aponix Protect, a new cybersecurity offering.
Aponix Protect is “designed to help firms address evolving cyber risks and threats to ensure that their cybersecurity needs are covered year-round” and is “available in three tiers, each one designed to provide firms with a flexible, robust, responsive, and cost-effective cybersecurity program,” per ACA Aponix.
Aponix Protect is available now, the vendor adds.
TORA OEMS Links to MTS BondsPro
TORA, a trading technology vendor, has integrated its fixed income order execution management system (OEMS) with MTS BondsPro, the alternative trading system (ATS) of MTS Markets International.
The MTS BondsPro electronic bond trading platform is part of the London Stock Exchange Group (LSEG). “The new connectivity allows market participants to electronically trade bonds from the TORA OEMS in the MTS BondsPro platform,” according to officials.
“The new partnership is a great addition for our clients looking to access more sources of credit bond liquidity,” says Chris Jenkins, managing director at TORA, in a prepared statement.
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