German asset manager Flossbach von Storch wants to expand beyond its domestic market and will be using the global custody, fund accounting, and transfer agency support offered by BNP Paribas Securities Services (BNPSS) for its UCITS funds in Germany and Luxembourg, officials say. An official at Flossbach von Storch tells FTF News that BNPSS will… Read More >>
State Street Fast Tracks Digital Asset Custody Services: Q&A
(Earlier this month, State Street Digital, part of State Street Corp., signed a licensing agreement with an institutional digital asset custody and trading infrastructure vendor, Copper.co, based in London. State Street Digital is using Copper to fast track the construction of its custody services for active cryptocurrencies and other digital assets. Those services, which are… Read More >>
SmartStream Applies A.I. to Recs Processes
SmartStream Air Version 4 Gets an A.I. Refresh Post-trade solutions vendor SmartStream Technologies recently launched SmartStream Air Version 4, an application update that uses artificial intelligence (A.I.) technology to support real-time and continuous reconciliation processes, officials say. The update “will allow customers to use a much wider range of processing, including payment reconciliations, which is… Read More >>
Hong Kong Firm Goes Live with GBST Solution
CMB Wing Lung Bank Revamps Back Office The Hong Kong-based CMB Wing Lung Bank has implemented a back-office custody solution from post-trade financial technology vendor GBST in an effort to grow its custody banking business, officials say. The bank, which is a subsidiary of China Merchants Bank, is using GBST’s Syn~Ops Custody product to… Read More >>
