Duco Establishes U.S. Subsidiary, Opens First North American Office in New York and Appoints a Chief Revenue Officer Duco, a London-based fintech provider of hosted reconciliation services, reports that it has established a U.S. subsidiary, Duco Technology, Inc., and opened its first North American office, in midtown Manhattan. In addition, Duco’s first New York-based hire,… Read More >>
Citi Cuts Staff as Jill Considine Joins LCH.Clearnet
Citi Cuts Staff as Profits Rise Multiple news organizations are reporting that Citigroup is cutting 200 to 300 positions from equity and fixed income trading groups even as the bank reported favorable net income results for the first quarter of this year. For Q1 2014, the bank’s net income was up four percent to $3.9… Read More >>
Case Study: AIFMD Services in the Cloud
INDOS Financial, a London-based start-up specializing in new depositary services for offshore hedge funds, is trusting cloud technology for IT support from basic networking to the applications it uses for the oversight and cash flow monitoring of its clients.INDOS is using the Eze Managed Suite offering supported by the Eze Private Cloud service of Eze… Read More >>
FinTech Spotlight: Electra, Eze Castle Integration and SWIFT
(Editor’s Note: This week we focus on new offerings from Electra Information Systems and Eze Castle Integration, and a challenge from SWIFT’s Innotribe group.) Electra Debuts Quantum Fee Calculation System Post-trade solutions provider Electra Information Systems has officially moved into the fee calculation and invoicing realm with the launch of the Quantum software system that… Read More >>
The Buy Side Cautiously Embraces the Cloud
The buy side may be giving in to the savings of cloud computing, but only 50% of those surveyed recently by IDG Research Services say they use the cloud for financial applications. Nearly two-thirds of the hedge funds, fund-of-funds, private equity and investment management firms questioned are using the cloud for basic business and office… Read More >>
