This Week’s Vendor News

NEW & UPDATED PRODUCTS

Tablecloth introduces new suite of AI Governance solutions, designed to help businesses navigate the world of AI and and mitigate its inherent risks. The suite of solutions includes: 1 - AI Governance Toolkit that includes: risk assessment tools, customizable policies and templates, guidance on ethical, legal, and social considerations and ongoing updates aligned with emerging best practices 2 - AI Governance Workshops that dive into the toolkit with interactive workshops, designed to provide guidance and customized strategies for businesses. ↗

FINTRX unveils AI Analyst, an AI model fine-tuned on private wealth data. This AI-powered Co-Pilot can be used to ask questions, uncover relationships and gain an understanding of the financial landscape through natural language AI prompts. Features include: 1 - purpose-built AI Model, 2 - personalized and tailored insights, 3 - increased efficiency and time savings, 4 - bulk analyst and predictive insights and 5 - seamless integration and user-friendly interface. ↗

SUBSCRIBE launches Issues Management Module: real-time management of errors and omissions on fund subscriptions. This creates a central point for all feedback to reconcile errors on fund subscription for all fund vendors. The Issues Management Module centralizes document reviews, LP communication, and reconciliation among reviewing parties such as law firms and fund administrators, which helps with compliance, transparency, and efficiency. Key features include: 1 - Centralized feedback log: track and categorize subdoc issues across all service providers. 2 - Real-time communication: a digital chat panel for seamless error resolution. 3 - Automated alerts: notify investors, law firms, and fund admins instantly and maintain a single source of truth. ↗

Cambridge Associates unveils German website, designed to serve its clients in Germany, Austria, and Switzerland. Cambridge Associates now has with two offices in the region: its location in Munich and a new office in Zurich, following the acquisition of SIGLO Capital Advisors AG, now operating as Cambridge Associates AG. ↗

ValueWorks introduces new features that bring clarity and accountability to KPI management. These new features are: 1 - “Last Update” Tracking: See when a KPI was last updated, ensuring data stays fresh and reliable. 2 - Responsibility Tracking: Identify who is responsible for maintaining each KPI, streamlining accountability. 3 - Update Deadlines: For manually maintained KPIs, track when updates are due. Any overdue KPIs will be flagged as “outdated” on the dashboard for better visibility. ↗

SUBSCRIBE launches a new feature for Co-Pilot, its AML/KYC digital solution for fund managers, investors, law firms, and fund administrators. This new feature addresses the new anti-money laundering rules that come into effect starting on January 1, 2026. For fund managers and private fund investors, Co-Pilot supports the collection, review, and refresh of AML/KYC data and documentation for fund managers, fund investors, and service providers since inception, and SUBSCRIBE has enhanced this capability to meet the new regulations in AML Co-Pilot. ↗

Ideals unveils enhanced features, like the ability to simplify workflows with a due diligence checklist, updated link insights, AI document chat, and more. These new features are as follows: 1 - Streamlined process with Due diligence checklist - helps you simplify collaboration and manage critical information effectively. This feature simplifies checklist management, reduces inefficiencies, and ensures stakeholders stay aligned throughout the due diligence process. 2 - Enhanced insights for link sharing - the ability to track the performance of externally shared links is now intuitive and accessible. The updated link sharing feature gives admins immediate access to engagement metrics directly from the Shared shortcut page, eliminating the need to navigate to Reports for critical insights. This update helps admins monitor and manage external link performance. 3 - AI search: chat with your document - the ability to make fast and informed decisions using AI search within a document. Key benefits are: integrated workflow, reliable answers, enhanced productivity and secure by design. The last new feature is AI-powered redaction that now supports Spanish. This enhancement allows you to detect and securely remove personally identifiable information in both English and Spanish, including names, addresses, emails, and more. With this new tool, you can safeguard sensitive data and streamline your redaction process, ensuring compliance and efficiency. ↗

DEAL ACTIVITY

Rivvit Inc is spinning off from Grandview Analytics as an independent SaaS company. This move positions both Grandview and Rivvit to accelerate innovation, enhance customer value, and drive sustainable growth. Grandview Analytics will continue to deliver consulting and project-based services in strategy, systems integration, and data analytics. Chris Lamb, Co-Founder and President of Grandview Analytics, will take over leadership of the company. As an independent company, Rivvit Inc. is positioned to expand its market reach, develop features, and deepen its commitment to solving complex data challenges for financial institutions. Rivvit Inc. launches with a new brand and website at www.rivvitdata.com, with a mission to make data easy for financial institutions and investment firms. ↗

Salesforce to invest $500M in Argentina over the next five Years. Salesforce pledges to invest in workforce development, AI innovation, and the digital transformation of the public sector in Argentina. Salesforce has been investing in Argentina for many years, and this continued investment will drive innovation and support Salesforce’s expanding customer base in the country. ↗

PARTNERSHIPS & INTEGRATIONS

Udu integrates with Reply.io, which can help clients by generating a list of exact targets to reach out to. Benefits of this integration are: 1. Seamless contact management & outreach, 2. Automated sequences, 3. Personalization at scale, 4. Improved engagement tracking, 5. Lead scoring & prioritization and 6. The ability to sync contact data between the two platforms. This integration saves time, reduces manual effort, and improves the overall success rate of business development and deal sourcing efforts. ↗

Crunchbase's integration with Perplexity is now live. Benefits of this integration include: 1 - optimized research - get a comprehensive view of the market with Crunchbase’s firmographic & funding data within Perplexity Enterprise Pro. 2- reliable answers - Get every answer backed by citations from Crunchbase and the web. ↗

Asset Class selected by Partners Wealth Group to deliver Investor & Fund Management solution to the Australian market. Asset Class’s Investor & Fund Management solution will enhance Partners Wealth Group’s operations by providing digital onboarding for investors, reporting and handling of fund administration activities. Additionally, real-time investor activity tracking and enhanced data functionality will lead to operational efficiency and accuracy. Partners Wealth Group, an Australian diversified wealth management businesses, will benefit from productivity and efficiency improvements, while its clients, partners, and investors will gain from this technology partnership. ↗

Praxis selects Allvue Systems to enhance its fund administration services. The collaboration is part of the firm's strategic plan to offer comprehensive, efficient, and independent service solutions that leverage new technology. Praxis provides fund administration services to institutional, private equity, venture capital, family offices, and private clients. Praxis is initially focused on providing Allvue's Fund Administrations Essentials Solution in its Middle East operations. Allvue's solution is designed to give Praxis the tools to deliver real-time data and insights to its general partners and their investors. The technology enables Praxis to manage fund operations efficiently while giving investors transparent access to underlying portfolio performance. ↗

W3.fund is now building on bunch as its newest client. w3.fund is an investment house that operates two funds: w3ventures is an early-stage venture fund focusing on investments in Web3 applications and consumer-oriented entities, and w3.wave is a liquid token fund dedicated to investing in on-chain opportunities. ↗

OFFICE & PERSONNEL

Moritz Poewe joins Vestlane as its new Chief Operating Officer. Poewe brings over 14 years of experience driving growth and efficiency in his roles. As COO at Linearity, he scaled operations for a new SaaS company and as a Partner at SquareOne Venture Capital, he helped build and invest in transformative early-stage startups across Europe. At Vestlane, Poewe will focus on helping fund managers handle regulatory complexity, streamline investor onboarding, and elevate their workflows. ↗

Drooms promotes Jasmin Menz and Nikita Chernukhin to the roles of Chief Product Officer and Chief Technology Officer, effective January 1, 2025. Both have been with Drooms since 2015. Menz has helped with product design and innovation as Senior Vice President of Product, and Chernukhin has advanced Drooms' software development as Senior Vice President of Platform Architecture. ↗

James Nevin has joined Forge as its new Chief Financial Officer. Nevin has over 25 years of experience in financial and capital markets, including 12+ years at the London Stock Exchange Group. ↗

Broadridge welcomes Mike Cowley as its new Head of International Investor Communication Service Delivery. With over 30 years in the post-trade industry, Cowley brings previous experience in refining operational processes and leading global teams. His background with Central Securities Depositories, exchanges, custodians, and more, equips him to enhance the delivery of Broadridge's Global Proxy Operations and Corporate Governance services. ↗

Veronica Harris promoted to Senior Vice President, Co-Head of Fund Accounting at Colmore. Harris now leads the global fund accounting team, covering a variety of strategies and various international financial statement reporting standards. Harris has been with Colmore for six years. ↗

Reuben Miller joins the Mergermarket team as the Global Chief Regulatory Editor for Mergermarket, Dealreporter, and PaRR. Miller has nearly 20 years of journalist experience in the political, regulatory, and policy universe. He had a role in the development of a number of investor-oriented specialty news publications. Prior to his current role, he ran the Washington, DC bureau for Mergermarket and helped with the creation and launch of PaRR. Subsequent to that, he helped launch the Event Driven product for ReOrg Research (now Octus), worked as a senior research director at an event-driven brokerage firm, and most recently, led the editorial and strategy efforts at CTFN as executive editor. ↗

Valu8 Company Intelligence recently hired Ella Rand as a BDR focused on the UK. Rand's role encompasses cold calling and business development for the company. ↗

Ambica Mahapatro promoted to Vice President, Head of Quality Assurance - Engineering at Preqin. Mahapatro has been with Preqin for seven years, now serving as the lead for governing quality across Preqin's product suite. ↗

Citco appoints new Co-Heads of Real Assets, Citco Fund Services. Michelle Clements and Joep Hamers will be responsible driving the firm’s global growth strategy for Real Assets. Together with the global management team, they will enhance strategic priorities and develop new solutions. Clements, based in North America, joined Citco in 2022 as the Head of North America Real Assets. Prior to joining Citco, she was with BNY for seven years as the Head of Operations & Fund Accounting for the Real Estate business. Prior to her time at BNY, Clements was with Deutsche Bank for 22 years in leadership roles focused in Real Estate Client and Investor Reporting. Hamers, based in Europe, joined Citco in 2002 and during his tenure has worked across a variety of leadership roles focused on Real Estate clients. In 2017, when CFS formed its Real Assets line of business, JHamers joined the Management Team responsible for relationship management and was also charged with establishing the CFS Cosec Service offering. Most recently, he headed up Client Services and strategy for Real Assets. ↗

Colin Finn started a new position as Director of Customer Engagement at Novata. Finn has been with the company for 2.5 years and was previously an Onboarding Manager. ↗

Qashqade hires Jon Watts as Head of the Project Management Office. Prior to joining Qashqade, Watts was the Operations Director at Marston Holdings·and before that he spent more than six years at Delio, where he was most recently, Head of Operations. Watts also spent 14 years at Sungard. ↗

Following its acquisition by Allvue Systems, Austiage Soleimani has come onboard as a Client Delivery Consultant for PFA Solutions. Before joining the company, Soleimani spent six years at Sia Partners as a Consultant. ↗

IQ-EQ Singapore has moved to new office. Now all of IQ-EQ's funds, private wealth, corporate, and regulatory compliance teams are together in one building. ↗

Bunch welcomes Diana Dinis as its new VP of Product. Dinish has previous experience of building and scaling fintech products along with international payments, FX, accounting services and core banking. Dinis has also been named one of the Top 20 Women in Fintech for her work at Mollie, a Dutch payments unicorn. ↗

ROYC appoints Advisory Board to drive market expansion and platform development. The new Advisory Board members are: 1 - Stefan Haselwandter, former Vice Chair, Partner, and Global Head of the Client Platform at Wellington Management, brings governance experience, sales leadership, client service and marketing expertise spanning all major asset classes. 2 - Erik Gunnervall, former Partner and Head of Switzerland at Partners Group where, during his 21 years tenure, he oversaw client activities, including distribution in the Americas and Europe. Gunnervall offers private market product insights, operational understanding, as well as experience in building and scaling GP distributions globally for a large GP. 3 - Koen Köppen, CEO/CTO of the European payment solution provider Mollie, and former CTO of Klarna, brings expertise in scaling global tech companies and delivering product-market-fit for the B2B segment. ↗

VENDOR RESEARCH & WHITEPAPERS

Maestro has a new blog, "Finding the Right CFO and Technology Combination a Key to Value Creation Success". In this blog, Maestro explains why it feels that the CFO of a PE-backed company can play a significant role in ensuring the value creation plan is executed with maximum effectiveness and efficiency. ↗

Atfinity has a new article, "KYC Orchestration - The New Tool for Ensuring Compliance". In this article, Atfinity examines how process orchestration software can strengthen a bank’s KYC process, why this is beneficial for most banks, and common challenges that banks may face during this process. ↗

Beauhurst has a new blog, "How to Spot MBO and MBI Opportunities Before Anyone Else". This article explores why finding MBO and MBI transactions before anyone else is so important, how you can spot these opportunities, and some tips and tricks to automate the work for you. ↗

AWARDS

Titanbay wins outstanding wealth technology provider (middle office) at the Private Banking & Wealth Management Awards 2024. This event brings together the best in private banking and wealth management to recognize the platforms, solutions, and teams that are raising the bar. ↗

iCapital's Lawrence Calcano is named one of Technology Innovators Media Group’s Top 25 FinTech CEOs of 2024. ↗