100 Firms & 80 Organizations Took Part in the SCI Tests The Securities Industry and Financial Markets Association (SIFMA) reports that it led “a successful business continuity test” on Saturday, Oct. 24, an annual effort mandated by the SEC’s Regulation Systems Compliance and Integrity (SCI). The industry-wide test was combined with a large-scale connectivity evaluation…. Read More >>
Duco Completes $28 Million Investment Round
Duco to Expand Global Footprint Duco, the cloud-based reconciliation and data-engineering technology company, reports the completion of a $28 million investment round by Insight Venture Partners, NEX Opportunities and Eight Roads Ventures, as well as an investment by Cristóbal Conde, the former CEO of SunGard. Duco says its financial services technology allows banks, brokers, asset… Read More >>
Cris Conde to Advise Duco CEO
Conde to Also Advise Duco Board Former president and CEO of SunGard Cristóbal Conde has joined Duco, which describes itself as a self-service data normalization and reconciliation services provider, as an advisor to Duco CEO Christian Nentwich and to the board of directors, officials say. FIS Global (Fidelity National Information Services Inc.) acquired SunGard in… Read More >>
OpenGamma Gets $13.3M to Push Risk Analytics Standards
A vendor offering open source risk analytics for derivatives, OpenGamma reports that it has raised $13.3 million in total from venture capital firm Accel, ICAP’s Euclid Opportunities investment arm, and Cristóbal Conde, the former president and CEO of SunGard, all in a bid to accelerate plans to become the maker of benchmark industry-standard risk analytics…. Read More >>
Goldman Sachs, IBM Give Their Blessings to Digital Assets
Startup Digital Asset Holdings has hit a milestone amid the frenzy for Blockchain funding as the pioneer of distributed ledger technology for financial services firms reports that it has the financial endorsement of IT giant IBM and Wall Street powerhouse, the Goldman Sachs Group, Inc., raising the total for its recent funding round to more… Read More >>
Digital Asset Lands A-List Backers and $50M in Funding
Digital Asset Holdings, LLC, a New York City-based developer of distributed-ledger technology for the financial services industry, reports that it has “raised more than $50 million in funding” from several prominent financial industry players. The company’s new investors are: ABN AMRO, Accenture, ASX Ltd., BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse… Read More >>
Blockchain Startup Digital Asset Hires Conde and Church
Blockchain technology startup Digital Asset Holdings has hired industry veterans Cristóbal Conde, the former head of SunGard, and Chris Church, a North American executive for the SWIFT cooperative, underscoring the disruptive distributed ledger technology’s ability to bring together old and new school technologies and practices. The Blockchain ledger underpins the Bitcoin cryptocurrency by keeping track… Read More >>
OpenGamma Adds Conde, Beeston to Board of Execs
Risk management software provider OpenGamma has reshuffled its board of executives, with the position of chairman changing hands, and Cristóbal Conde, the former CEO of SunGard, joining the board, according to a company statement. Kirk Wylie, a co-founder of OpenGamma, will step down as chairman, following his decision to take on the role of chief… Read More >>
