Lackluster investment in post-trade processes has caused an information blackout that prevents financial services firms from getting an enterprise-wide view of the money that has been spent on brokerage, custodian, exchange, and clearing services, and this weakness is taking a toll on profits, according to a new report from Meritsoft, a post-trade process automation services… Read More >>
Cognizant Adds Meritsoft’s FINBOS to Portfolio via Acquisition
Professional services provider Cognizant, based in Teaneck, N.J., has acquired post-trade processing vendor Meritsoft, based in Dublin, Ireland, for an undisclosed sum in an agreement that will expand Cognizant’s financial technology offerings, and will help Meritsoft to scale its offerings, resulting in an integrated managed services solution, officials say. Meritsoft’s financial technology offerings will become… Read More >>
