Solutions
A global RegTech company has seen enquiries for its software triple as financial services firms prepare for a Post-Brexit landscape.
Lawson Conner has seen a such a marked upturn in demand for its software and services, as the possibility of Brexit approaches that it has taken on extra staff in Singapore and Luxembourg. The firm, which provides regulatory infrastructure and managed compliance, says that financial services firms are concerned about the implications of Brexit and the possibility of regulatory shifts afterwards.
Executive Director, Andrew Frost, says: “Brexit is definitely going to present regulatory challenges, which firms have recognised. Many are
Empaxis has selected InvestCloud to launch a new Turnkey Asset Management Platform, TAMP1, which has been designed to provide complete outsourcing of all operations for small- to medium-sized investment managers.
Due to increased competition and even greater fee compression, smaller asset managers and advisory practices are increasingly looking to cut back on operational costs, while still increasing the quality of service. Within the industry, TAMPs provide a fully-outsourced solution that take away operational burdens and alleviate costs associated with hosting and data centre fees, allowing managers to focus on delivering value-add services and increasing their bottom line.
Through this
Omnia Markets, a one-stop platform aiming up to provide cryptocurrency-based data, proprietary and non-proprietary analytics, and market information and trends, has appointed JT Kostman, PhD to its advisory board.
Dr Kostman is a specialist in the near-term impact of AI and Frontier technologies. His career boasts serving as Chief Data Officer for Time Inc. and Chief Data Scientist for Samsung. He has served as a go-to expert for organisations including The National Association of Corporate Directors, The Chicago Council on Global Affairs, US Government Agencies and dozens of others.
“This is a milestone win for the Omnia team,” says Mitesh
Cryptocurrency exchange bitFlyer is adding Ethereum (ETH) to its Buy/Sell trading platform. From today, bitFlyer Buy/Sell users across Europe and the US can send and receive ETH while ensuring they adhere to the same robust regulatory standards as bitFlyer guarantees for Bitcoin (BTC) transactions.
Andy Bryant, Co-head and COO, bitFlyer Europe, says: “At bitFlyer, we want to offer not just the most popular coins, but the most respected ones too, which makes ETH a logical choice to expand our service offering. Not only has ETH proved itself as a useful altcoin, particularly in relation to smart contracts, it has an
Athena is aiming to eliminate the possibility of manual mistakes in the calculation of investors fund performance as well as the calculation of complex management and incentive fee structures by adding partnership accounting and CRM features to its Spark Platform for Hedge Funds, SMAs and Family Offices.
Ross Grant, Senior Account Manager at Athena, says: “It’s almost 2020 and most hedge funds and family offices are still managing share class subscriptions and calculating share class management and incentive fees on an Excel spreadsheet.
“Athena’s ability to automate this process and seamlessly integrate results into performance and accounting modules not only
A survey of 50 global service providers and hedge funds, conducted by fintech automation platform Truss Edge, found that nearly a third of respondents (62.5 per cent) said they felt hedge fund managers were not dedicated enough of their budget to trading and data management activities.
The Truss Edge survey revealed that investment in IT has become quite the challenge for new market entrants, with more than 20 per cent of respondents saying that IT spend had become a cost which could potentially threaten the success of a business. A further 35 per cent said that they now considered IT
Chainalysis, a blockchain analysis company, has launched suspicious cryptocurrency transaction alerts in Chainalysis Know Your Transaction (KYT), its real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions.
The alerts are available across 15 cryptocurrencies.
Chainalysis KYT alerts are designed to help cryptocurrency businesses and financial institutions mitigate exposure to regulatory and reputational risk by helping compliance teams focus on the most urgent activity and enforce compliance policies while better allocating resources.
“As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices,” says John Dempsey, VP Product,
PrimeXBT, a Bitcoin-based margin trading platform offering up to 500x leverage across forex, stock indices, commodities, and cryptocurrencies, has launched a new lower fee structure that includes a reduction in overnight financing fees on all crypto trading pairs, as well as a 10x reduction in trading fees across all forex pairs.
“We are delighted to offer new reduced fees to PrimeXBT platform users. We believe that traders should focus on trading opportunities rather than on costs. Oftentimes, amazing profit opportunities are being missed only due to unreasonably high fees. And we don’t want that – we are here to provide
Ultimus Fund Solutions (Ultimus), an independent provider of fund administration, accounting and investor solutions to traditional and alternative fund managers, is to acquire LeverPoint Management (LeverPoint).
LeverPoint, headquartered in Clifton Park, NY, is an independent provider of full-service fund administration, accounting, tax and back office support services to private equity, venture capital and real estate managers. Going forward, Ultimus’ private fund business will operate as Ultimus LeverPoint Private Fund Solutions and will provide administration for approximately USD90 billion of private fund assets across 230 clients. In total, Ultimus will service over USD220 billion of assets under administration and over 1,250 total traditional
BMLL Technologies, a cloud-based Capital Markets Data-Engineering-as-a-Service company, has launched a new Derived Data Service which enables market participants to consume bespoke metrics derived from the most granular message-by-message exchange data directly into their trading systems both at speed and at scale.
Level 3 (L3) data displays all the individual messages in the limit order book (LOB) and provides traders and researchers with unparalleled visibility into the workings of the market. These datasets are large and complex, so most firms don’t have the computing infrastructure to derive meaningful analytics from them. The technical challenges they face include too much noise in
