This Week’s Vendor News

NEW & UPDATED PRODUCTS

Rialto Markets has launched the Rialto Markets Enterprise Solutions (RiMES), its institutional grade enterprise solution. RiMES is a white label solution that allows enterprises with Rialto's broker dealer and Alternative Trading System functionality, that you can use to support online capital formation capital raising and secondary trading needs, which includes: 1. Onboarding at scale, enabling the efficient onboarding of institutional and retail investors. 2. AML/KYC through a regulated entity. 3. Payment rails facilitating wires, EFTs, credit card payments. 4. Integration with third party providers (i.e. Transfer Agents, Custodians, Escrow agents, etc.). 5. API and blockchain technology support for both private and public blockchains. 6. Secondary trading through a regulated ATS (Alternative Trading System). ↗

Robin AI has launched a new feature on its platform. The contract copilot now checks the defined terms in users contracts. This feature is designed to help lawyers who spend a lot of time on tasks like checking defined terms, which require patience and attention to detail. ↗

KYC3 has launched KYC3 ERMS Version 3.4.0 with new updates and features. Highlights from this update include: enhanced document management, new notification system, dashboard enhancements, new styling & usability, digital onboarding for KYC and KYB, new OCR integrations and lastly, expanded data sources & logging. ↗

SS&C has launched SS&C Concierge. SS&C Concierge aims to be a trusted consultant from start to finish. ↗

Private Equity Info has announced a few new updates to its platform this month. These new features are: the ability to filter public companies by NAICS codes, export capability for private equity executives, private company search results are quicker, and the launch of a free limited-search trial. ↗

S&P Global has launched its SFDR Sustainable Investment Framework dataset via Xpressfeed and Snowflake. The goal of the new dataset is to enable financial market participants to better align reporting with Markets in Financial Instruments (MiFID II) and Sustainable Finance Disclosure Regulation (SFDR) requirements. Allowing investors to analyze the sustainability profile of their investments, the dataset provides a detailed company-level assessment, which can be aggregated across portfolios or indices. The screening approach consists of three primary components which form the foundation of the Framework: Good Governance Screen, Do No Significant Harm (DNSH) Screen and Positive Contribution Assessment. ↗

MSCI has launched MSCI Private Capital Solutions. Since acquiring Burgiss in 2023, MSCI has merged its coverage of private real estate with Burgiss's coverage across all private equity, real assets, and debt fund sizes, investment vehicles, and vintages. This merger is now MSCI Private Capital Solutions. MSCI's goal is to enhance transparency, optimize efficiencies, and provide tools to support investors' growing need for liquidity. ↗

ValueWorks has introduced Daylight Delight. There is a new update that offers users the choice to flip between a dark theme and the new, light Daylight Delight theme, giving the ValueWorks experience a whole new look. The light design refreshes every dashboard, table, and chart, marking a transformation in users ValueWorks interface. ↗

Tactyc has introduced "Fund as a Company" analysis on its platform. Tactyc will compute the latest KPIs, taking into account the fund's ownership in each company to generate a profile for the "average portfolio company". ↗

FIS has launched its 2024 FIS Fintech Hangout Series, an initiative that connects fintech startups, investors, financial institutions, FIS experts, and participants from the FIS Fintech Accelerator Program. The Fintech Hangouts supports FIS’ 9-year focus on identifying, mentoring and connecting innovative fintech startups with the broader financial services community. Consisting of monthly thematic events, the series kicked off in January with a dive into importance of risk and compliance, one of the biggest barriers to entry for prospective fintechs. The event broke down these challenges and what’s involved in setting up the relevant frameworks for fintechs to address these important regulatory priorities. Consisting of monthly thematic events, the series kicked off in January with a deep dive into importance risk and compliance, one of the biggest barriers to entry for prospective fintechs. The next Fintech Hangout will be held on February 13 in Atlanta at the Atlanta Tech Village and registrations are welcomed from everyone launch, growing or working with fintechs. ↗

LTX, a subsidiary of Broadridge Financial Solutions, has announced that it has been awarded four new patents on its fixed income trading innovations of bond similarity technology, dealer selection score technology, liquidity aggregation technology, and RFQ+ trading protocol. Together, these technologies serve to inform pre-trade decision-making and bring new efficiency to trade execution. The newly patented technologies enhance trade workflows, from bond discovery and selection and counterparty selection to e-trading of larger size orders and provide the potential for price improvement due to the participation of multiple responding parties. ↗

Atfinity has announced two new features to enhance user experience on its platform. The first is Variables in RuLa - With Atfinity's own rule language, users can create cleaner and more readable rules by naming individual parts. The second new feature is, Custom Text Assets - Offers a centralized solution for text management across multiple languages. Users can create text assets with keys and translations, making them accessible in RuLa and ADX for a more efficient global operation. ↗

Bloomberg’s first generative AI tool has launched. All users now have access to earnings call summaries and analysis written by artificial intelligence. The summaries are designed to help analysts save time absorbing earnings data and transcripts by highlighting key points. They will be available immediately for companies in the Russell 1000 and the top 1000 companies in Europe. ↗

DEAL ACTIVITY

FIS has completed its previously announced sale of a majority stake in Worldplay. Worldplay will be overseen by private equity firm GTCR, with a 55% majority ownership interest, while FIS will retain a 45% ownership interest. In conjunction with the closing of the sale, Charles Drucker has resumed his former role as CEO and will work to optimize performance and accelerate growth. As part of the transaction, Worldpay and FIS have entered into a long-term commercial relationship, maintaining a strong strategic go-to-market partnership that provides both Worldpay and FIS clients continued access to a broad set of complementary solutions. ↗

PARTNERSHIPS & INTEGRATIONS

Dasseti has partnered with Clarity AI to deliver ESG benchmarks to Dasseti’s platform users. This integration will push users to address data gaps effectively and conduct comparative analyses, thereby enhancing the depth of their insights on their sustainable portfolios. Through this partnership, Dasseti’s users will gain access to Clarity AI’s industry benchmarks for select ESG metrics including 14 of the mandatory SFDR Principal Adverse Impact indicators. ↗

Schroders Personal Wealth has renewed its partnership with SEI. The expanded partnership will allow SPW to offer integrated advice, investment and platform services to clients. ↗

IQ-EQ has announced a new commercial alliance with Artex. Artex, an insurance manager in alternative risk solutions and captives, will provide IQ-EQ clients with value-added risk advice, insight and intelligent insurance solutions. With this partnership, key services will include: Alternative risk management – cell captives, employee benefit captives, group captives, legacy solutions and run-off, risk management, single parent captives. Insurance-linked securities – advisory, insurance management, transformer solutions. And carrier outsourcing – outsourced insurance management, outsourced risk management, PEO solutions, run-off services. ↗

Beauhurst has announced its new plug-and-play integration with HubSpot. Now Beauhurst subscribers can seamlessly integrate Beauhurst company data into HubSpot. ↗

Goji has announced its partnership with fund services provider Ocorian to help manage the entire investor lifecycle for alternative asset management clients. Ocorian’s digital platform, powered by Goji, will offer alternative asset managers an end-to-end solution to streamline the investment process from onboarding and KYC to digital subscriptions and reporting. ↗

Addepar has announced Wren Investment Office as its newest client. Wren Investment Office is a London based, multi-family wealth management, investment advisory and family office serving families, charities and endowments around the world. ↗

Position Green has announced the following four new clients. BORG Automotive Reman, Rosti Group, Svenska Handelsfastigheter and SWEP have joined the Position Green community. ↗

SS&C Technologies has announced that Rhyze Solutions has selected SS&C to help manage its growing commercial real estate loan portfolio. Rhyze Solutions is a Credit Union Service Organization, based in Delaware. ↗

Standard Metrics has welcomed Socii Capital as its newest client. Socii Capital recently launched their latest fund and they decided to select Standard Metrics to help support their growing portfolio. ↗

Quantium has announced the onboarding of AMAVI Capital. AMAVI, a pan-European investment manager, has chosen Quantium to support its investment operations, from fund and portfolio management to investor reporting. ↗

Schroders Personal Wealth has selected SS&C for transfer agency. SS&C will provide fund registry, investor services and digital solutions for the full range of Schroders funds, with GBP12.7B in AUM. ↗

Atominvest has welcomed Revelstoke Capital Partners as its new client. Revelstoke Capital Partners is a private equity firm based in Colorado. Atominvest will support them by streamlining their ESG tracking, workflows, analytics and reporting across their funds and portfolio companies. ↗

HIRING & PERSONNEL

Hannah Molitor is starting a new position as Senior Customer Success Manager, Enterprise at Tegus. Molitor has been with Tegus for 4 years and was previously at Insight Global. ↗

Paula Vainamo is now a PR & Content Manager at Drooms. Before joining Drooms last year, Vainamo was at MSL Germany. ↗

Joanne McEnteggart is the new Global Head of Debt, Capital Markets and Corporate at IQ-EQ. Before her promotion, McEnteggart was a Business Development Director at IQ-EQ since 2015. ↗

Also at IQ-EQ, Ruth Hennessey has been promoted to Head of HR, UK. Hennessey has been with IQ-EQ for the last 9 years. ↗

CAIS has welcomed David Canter as a Strategic Advisor. For over a decade, while at Fidelity, Canter led the RIA and Family Office Segments and spearheaded the Practice Management and Consulting practice for Fidelity Institutional. ↗

RelPro has welcomed two new members to its team. Rosemary Hopkins is a new Account Executive and Zach Gutowski is a Customer Success Analyst. ↗

Peter Cunha has joined Ledgex Systems as Director of Business Development. Previously, Cunha was a Broker Sales Associate at Real, a real estate brokerage firm. ↗

Marco Loiacono is the new VP of Sales, EMEA at 73 Strings. Previously, Loiacono was Director, Sales at Accelex. ↗

Canoe Intelligence has appointed Noel Calhoun as Chief Technology Officer and Tiffany Mosher Taylor as Head of People, marking a strategic move to support global expansion, product development, and enhance Canoe’s core platform. Previously, Calhoun was CTO at Onsites.io and has held the same position at other companies. Before joining Canoe, Mosher Taylor was Head of People at Appcues. ↗

Cadence Translate has announced two employee promotions. Julia Sharmeen and Laura Burgmane have both been promoted from within the company. ↗

iCapital has named two new leaders on the marketing team in order to drive global growth. Magdalena Pandiloska has been appointed Chief Marketing Officer and joins the firm’s management committee. Before joining iCapital in November 2023, Pandiloska spent 9 years at Microsoft, most recently as its CMO. Christine Dusek has taken on the position of Senior Vice President, Global Head of Communications. Until recently, Dusek was Founder and Managing Partner at 10K Partners. ↗

Siobhan Kranz is the new Director, Client Partnerships at Axiom. Previously, Kranz was the Director of Investor Relations at Echo Street Capital Management. ↗

Preqin has announced the appointments of 3 senior leaders in order to bolster performance analysis and transparency in private markets. Fabien Chen has taken on the newly created role of Global Head of Benchmarks, based in Singapore. Previously, Chen led teams at McKinsey before joining Preqin in March 2022 as Head of APAC Strategy. Cameron Joyce, based in London, is now the Global Head of Research Insights, heading the creation and development of Preqin’s institutional research. Joyce, who was a Senior Vice President on Preqin’s Research Insights team since 2020, will now lead the team of expert researchers. And lastly, Gurkan Tasoren, also based in Singapore, has been hired to drive the company’s sales teams across the Asia-Pacific region as Head of Sales, APAC. Tasoren brings more than two decades of experience in the global fintech industry, with extensive prior leadership experience at Bloomberg. ↗

Sonja Siridzanski is a new analyst for Holland Mountain's ATLAS team. Siridzanski will be based in its Belgrade office, working with private equity firms to define and deliver their data initiatives. ↗

RepRisk has welcomed Miika Kettunen as its new Head of Product Management. Previusly, Kettunen was Head of Product Management, Support and Training at AgEagle Aerial Systems. ↗

Chris Perry has started a new position as VP of Sales at Apperio. Perry has been with Apperio since May 2022 and previously help the position of Sales Director, EMEA. ↗

VENDOR BLOGS & WHITEPAPERS

Canoe has a new article, "How Insurance Giants Can Achieve Efficiency in Alternative Investments: A Blueprint for Automation". In this piece, Canoe writes about 5 key challenges faced by insurance companies managing alternative investments. ↗

SimCorp has a new blog, "5 questions to revolutionize your client communications". In this blog post, SimCorp explores 5 questions that clients should ask themselves about their current client reporting and communications processes and technology to help them begin their evaluation. ↗

Dynamo has a new blog, "Will Dry Powder Fuel A Firestorm of New Alternative Asset Deals in 2024?" Dynamo feels that while the abundance of capital seems promising for 2024, navigating the resulting deal frenzy will be trickier than ever. If dry powder floods the deal-making market this year, investors will need to be prepared on several fronts. In this piece, Dynamo outlines 5 ways in which investors can be prepared. ↗

SESAMm has a new blog, "Greenwashing: An AI Analysis of Corporate Sustainability Practices". This blog dives into the concept of greenwashing and reputational laundering. It reveals the interplay between genuine sustainability efforts and deceptive practices, offering a new lens to distinguish genuine from false corporate sustainability claims. ↗

Apliqo has a new blog, "Shape the perspective of your storytelling with data". Apliqo states that having sophisticated dashboards, reporting, and analytics capabilities at your disposal is an absolute necessity for making sense of your business complexity and identifying the signal from the noise. ↗

KEY ESG has a new article, "Top 10 ESG reporting software providers for businesses". In this piece, KEY ESG discusses: what is ESG Software? It also includes the top 10 ESG reporting software solutions and why businesses need ESG software, both according to KEY ESG. ↗

Kroll has published a new piece, "AI Risks and Compliance Strategies". Kroll states that the benefits of AI are counteracted by significant risks. They require a firm’s legal, compliance and supervisory personnel to ensure that they fulfill their gatekeeping and oversight functions by designing and implementing a set of AI-related policies and procedures that are documented and periodically stress-tested to ensure effectiveness and tailoring. ↗

Katipult has a new article, "Why ECM Teams Should Prioritize Data Security in Investment Banking". Katipult feels that in investment banking, trust is the foundation of successful client relationships. Clients entrust their sensitive personal information to their financial services institutions, relying on them to safeguard it. But Katipult also believes that adopting digital technologies is a double-edged sword, including rising cyber threats that often outpace IT Departments' expertise. ↗

Gain.pro has a new blog, "Despite a challenging time for fintech companies, Gain.pro projects record growth for 2024". Gain.pro feels that despite the past few years being a challenge for many fintech companies, Gain.pro has been doubling down on growth and has seen retention figures north of 130%. ↗

Axial has released its 2023 Lower Middle Market Investment Banking League Tables. In order to assemble this list, Axial reviewed the deal-making activities of 807 investment banks and M&A advisory firms for the full 2023 calendar year. Axial’s league table ranking methodology is driven largely by four factors: 1 - Client quality (based on pursuits per deal and total recommended buyers). 2 - Buyside targeting (pursuit rate per deal). 3 - M&A process effectiveness (ability to progress buyers from initial pursuit to NDA to CIM). 4 - Deal outcome (IOI, LOI, and closure rates). ↗

Katipult has a new blog, "The Changing Role of Private Wealth in Private Equity". Katipult feels that along with the potential impacts of private wealth on the PE sector, one must consider the prevailing trends and notable platforms shaping this space. ↗

AWARDS

Digify has been awarded with 11 badges across the Virtual Data Room and Digital Rights Management categories in the G2 winter awards. ↗

FORTUNE magazine has named Broadridge to its list of the World’s Most Admired Companies in the financial data services category for the tenth time. The FORTUNE list rates firms on a range of criteria from investment value to global competitiveness and innovation. ↗

Dynamo Software has won two new awards. Pan Finance recognized Dynamo with the Alternative Investment Management Platform of the Year award, while Best in Biz bestowed Dynamo with the Enterprise Product of the Year – Financial Software Bronze award. Both award programs are focused on North American companies. ↗