Los Angeles-based fintech upstart InvestCloud Inc. is acquiring London-based Babel Systems Ltd. for $20 million and plans to link its digital platform to Babel’s trading and accounting capabilities. InvestCloud’s digital platform targets wealth managers with client portals, mobility and advisor portals, and offers allocators (multi-family offices, pensions and endowments), and managers of multi-asset-class, multi-strategy portfolios… Read More >>
Daman Investments Deploys SS&C’s APX
Daman Investments PSC, a Dubai-based financial services firm, has deployed the portfolio management system Advent Portfolio Exchange (APX) from SS&C Technologies to streamline operations, and bolster data management and reporting capabilities, according to officials at Daman and SS&C. A private joint stock company launched in 1998, Daman has become a non-bank financial services company known… Read More >>
