This Week’s Vendor News

NEW & UPDATED PRODUCTS

AlphaSense has launched AlphaSense Assistant, which is a generative AI chat experience that transforms how users can intuitively extract insights from hundreds of millions of documents. Key features of Assistant are: instant insights, chat in real-time, effortlessly validate answers and safe and responsible AI. AlphaSense has also unveiled Enterprise Intelligence, an offering that delivers AlphaSense’s AI-powered search and summarization capabilities securely atop customers’ proprietary organizational knowledge. ↗

Rundit has launched its LP Report Builder, which allows investors to consolidate portfolio and fund data into a single digital LP report. Instead of spreadsheets or static documents, it offers an automated and visually appealing web-based presentation. ↗

Dialllog has announced that a new update is coming soon and with it is the ability for single click mass mailing. Once you use Dialllog's search and filter capabilities to find potential investors, next you shortlist your targets. Then you will have the capability to send personalized emails with just one click and you can track engagement to gauge early interest. ↗

Goji has launched Euroclear’s new service for private market funds. The service is seamlessly integrated into Euroclear’s funds platform, FundSettle, and it complements its existing money market, mutual and alternative fund offerings. The new solution enables clients to access a broader range of fund asset classes through a single point of entry. ↗

Backstop Solutions has launched its new website. The new website represents a significant milestone in its journey to better serve the institutional investment community as a service of ION Analytics. ↗

Floww has launched a new offering for angel syndicates, meaning that you can run your angel syndicate completely on the platform now. This will provide angel syndicates with a simple way to share deals and charge fees; while Floww will take care of the legals, the SPV setup, regulatory items and payments. ↗

DEAL ACTIVITY

MSCI has completed the acquisition of Burgiss. The acquisition was originally announced on August 14, 2023. ↗

Venturis Financial has acquired Corelytics, a provider of private company financial statement import and reporting solutions. Adding the Corelytics application to Venturis GP allows private equity firms to automatically import a portfolio company’s financial statements, and seamlessly update the portfolio company’s projections and exit valuations, saving time and reducing error. ↗

Katipult has announced it has secured an additional $160,000 in conditional funding and advisory services from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support its research and development efforts for DealFlow Mesh, a fully integrated private capital network. DealFlow Mesh allows investment dealers and wealth management firms to seamlessly coordinate in real-time and syndicate deals. ↗

PARTNERSHIPS & INTEGRATIONS

Bain & Company has announced a new partnership with Microsoft which will enable companies to build and deploy new AI applications across their operations faster, more effectively, and at scale. The partnership combines Bain’s multidisciplinary expertise in strategic business advice, data, and engineering with Microsoft’s Azure OpenAI service so that companies have the tools and capabilities they need to accelerate and streamline their AI initiatives. ↗

Alto has announced that they are partnering with Alumni Ventures to launch their AI focused fund on Alto. Alumni Ventures is a network-powered VC firm that looks to give investors a well-balanced portfolio of companies. ↗

Vestberry has opened early access to its Affinity integration. This integrations allows VCs to become more data-driven by combining relationship and portfolio data to discover connections and insights. ↗

Wellington Management and iCapital have announced a strategic partnership to enhance access to alternative investments. As part of this collaboration, iCapital will leverage its technology to facilitate the distribution of Wellington’s range of alternative investment capabilities to wealth management professionals worldwide. ↗

Knowledgenet.ai has announced a partnership with Claritysoft CRM. With this partnering, Knowledgenet.ai Is now able to source new contacts, access relationship intelligence, real-time information and interactions of every contact and account. ↗

BME has launched its IBEX ESG Index Family with date from Inrate. Inrate has collaborated with BME to provide the ESG data on which this index family is built. With this new launch, BME is expanding its range of ESG indices. ↗

Glyphic, a sales AI startup has partnered with Crunchbase to advance their recently launched AI copilot, which assists sales teams in analyzing customer interactions and providing strategic insights into sales pipelines. Leveraging Crunchbase data and existing contextual information from customer relationship management systems, Glyphic's AI copilot will automate much of the manual research required of sales teams.

Broadridge Financial Solutions has announced that UBS has gone live on Broadridge’s newly launched sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform. This will provide clients with settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts. ↗

Addepar has welcomes BankPlus to its list of clients. Founded in 1909, BankPlus serves consumers and businesses through a full suite of financial services including retail banking, commercial banking, mortgage lending and wealth management. ↗

HIRING & PERSONNEL

Canoe Intelligence has announced five strategic senior hires to support the business’s global expansion, client growth, and ongoing operations. The new senior hires include Director of Client Project Management, Director of Product Management, Data Products, Head of Revenue Operations, Senior Director of Business Development and Director, Extraction Architecture & AI/ML. ↗

IQ-EQ has announced that its Group Chief Finance Officer, Eric Fady, will retire at the end of December 2023, after almost eight years of working for the company. IQ-EQ has also announced that Brian McArthur-Muscroft will be the new Group Chief Financial Officer. McArthur-Muscroft will join the Group Management Team and Group Supervisory Board and will contribute to strategic decision-making at IQ-EQ. ↗

VENDOR WHITEPAPERS

Titanbay has released a new article, "Can AI Augment Private Market Investing?" Titanbay believes that private market investment does thrive on human relationships and astute judgement, but the potential of AI to revolutionise its processes, augment decision-making, and optimise costs cannot be overstated. ↗

Qashqade has published a new blog, "The worst financial services Excel errors of all time". Qashqade found that nearly 90% of spreadsheets contain errors, and half of spreadsheet models used in large businesses have ‘material defects’. Despite this, Excel is still the go-to tool for accounting teams. Qashqade outlines some of the costliest Excel blunders it could find in financial services. ↗

Cambridge Associates has released a new blog: "No Surprises: Managing Risk in Family Portfolios". It states that an effective risk management framework is one that accounts for potential risk at every stage of the investment process. Families and their advisors should employ a risk management system that considers four components: strategic risk, implementation risk, portfolio monitoring, and communication. ↗

RepRisk has released a new report: “Increased Greenwashing Stains ESG Efforts”. The report states that greenwashing is on the rise at companies in America and Europe -- especially in the banking and financial services sectors. ↗

Nasdaq has released a new article, “How Disruptive Technologies Can Lead to Better Boards”. It found that the emergence of new technologies presents an opportunity for board members to develop a pattern of learning, engaging and decision-making that will help them become better board members. ↗

Everstell has published a new White Paper installment, “How Profitability Management and Cost Accounting Reshape Business Culture for Unprecedented Success.” Everstell feels that finance professionals in alternative asset management firms are facing significant challenges in effectively managing and controlling costs. This issue stems from a lack of sufficient investment in back-office finance technology solutions and an over-reliance on manual tactical processes and routines. ↗

DealsPlus has released: “The FCA’s review of private asset valuation: a private equity perspective”. The report states, given private equity accounts for over 50% of the AUM within private markets, any review of private markets will have a bias to private equity. ↗

Digify has released a new blog, “The ultimate guide to investment due diligence”. The blog finds that establishing a virtual data room (VDR) should be done before you even begin your due diligence. ↗

FIS has released its Global Innovation Report, which found that while hammered by risk, talent gap and gloomy economic outlook, US executives are still forging ahead with tech investments. The report surveyed more than 2,000 business leaders around the world. ↗

SS&C has released a new whitepaper: Five Key Trends Shaping the Middle East Fund Landscape. The trends discussed in detail are, increasingly complex regulation, the rising importance of ESG in investment strategies, Tte surge in family wealth, start-ups and venture capital and lastly, emerging technologies. ↗

SimCorp has published a new Insights report, “Myths of managing alternative investments”. In this report they bust the three biggest myths out there about managing alternative investments. ↗

Position Green has released, “ESRS compliance: How to secure internal investment and stakeholder buy-in”. Position Green says that compliance with the new European Sustainability Reporting Standards is often an unbudgeted item for many companies and resources need to be assigned to get efforts under way. The process, where double materiality assessment and gap analysis are key elements to getting started, requires buy-in from a range of stakeholders. ↗

FundCount has published: “The Importance of Accurate NAV Reporting”. The key takeaway is that in today’s fast-changing financial landscape, continuous accounting is not just a novelty; it’s a necessity. Accessing real-time data and calculating NAV at any point in the business cycle gives you a significant advantage over firms still stuck in the quarterly reporting rut. ↗

Qashqade has released a new article, "Private funds seek to draw a line in the sand". Qashqade feels that the private funds industry’s legal challenge to new reforms from the SEC is part of a larger argument about the future of US regulation. ↗

SS&C has released a new blog, “Global M&A Continues Its Slow Recovery”. It found that despite challenging macro conditions and increasingly complex diligence processes, deals are still getting done. ↗

Decimal Point Analytics has released a new blog, “Navigating Market Volatility: How Data Analytics Empowers Asset Managers”. Decimal Point finds that since asset managers are constantly faced with the challenge of navigating market volatility, in order to make informed decisions and seize opportunities, they must rely on data analytics as a crucial tool. ↗

Cyndx has published a new blog, “The Benefits of Using a Deal Origination Platform”. Cyndx found that deal origination is the first step for private equity firms, venture capital firms, and investment banks as they look to find new investment opportunities or bolt-on to existing portfolio companies. ↗

Affinity has posted a new blog: Building an efficient VC tech stack and driving firmwide adoption. ↗

AWARDS

Bite Investments has been named "Best Fundraising & Investor Management SaaS Platform 2023 – UK" at the Wealth & Finance International 2023 FinTech Awards. ↗

Bipsync has been named the “Fintech Winner” at this year’s EntreConf Awards in the UK. ↗

MSCI has been named “Index Provider of the Year” at the Asia Capital Markets Award 2023. The awards recognizes outperformance, innovation and achievement for firms and individuals in the Asian derivatives industry and is organized by FOW & Global Investor Group. ↗

FactSet's Advisor Dashboard was named best of portfolio analytics solutions at the 2023 WealthManagement.com Industry Awards. ↗