This Week’s Vendor News

NEW & UPDATED PRODUCTS

FIS has launched its new fintech platform – Atelio by FIS. Atelio enables users to embed financial services into their products and workflows in a secure and compliant manner and empowers companies to offer financial services to their customers at the point of financial need. Atelio is where companies from all industries can go to create financial experiences such as collecting deposits, moving money, issuing cards, sending invoices, or leveraging the platform's tools to fight fraud, forecast cash flows, or better understand customer behavior. ↗

iCapital has launched iCapital Model Portfolios (iMAP), its first Model Portfolio for alternative investments. Paired with iCapital’s portfolio construction tool, Architect, advisors will be able to run an analysis to easily evaluate the impact of incorporating alternative investments alongside traditional portfolio holdings. The Model Portfolios by iCapital are designed to assist with asset allocation within alternative investments and identify products that fit those allocations. Developed using quantitative analysis by iCapital’s research and due diligence team, the Model Portfolios suite offers a comprehensive and flexible way for financial advisors to include these investments in their practice. ↗

Verity has launched a new feature called GenAI Company Insights. This new feature gives portfolio managers and analysts a shortcut to proprietary insights that can often be buried in or distributed among hundreds even thousands of research notes and documents. Designed by research analysts, GenAI Company Insights give investment teams instant access to company-level insights and context sourced from a combination of their firm’s proprietary research and company SEC filings, which are embedded on VerityRMS tearsheets. ↗

ERM has launched Climate Markets, a new business line designed to help companies mitigate unabated greenhouse gas emissions by investing in impactful carbon credits that support their decarbonization and broader sustainability goals. ERM Climate Markets will help clients access high-quality carbon credit portfolios that complement their decarbonization action, offer social, biodiversity and economic benefits, and accelerate the global transition to net zero. The ERM Climate Markets team will also work with project developers to offer clients high-quality carbon project development opportunities that deliver positive outcomes for the climate, communities and ecosystems. Clients will be able to access enhanced due diligence to help de-risk their investments. ↗

iCapital has announced a new update for platform users who custody with Charles Schwab. Advisors across all Schwab Alternative Investment platforms can now leverage iCapital's DocuSign. Plus, all Schwab Letter of Authorization forms are now accessible in the iCapital platform. ↗

SimilarWeb has announced its monthly product update, which includes a few new features on its platform. Now users can: 1) Track locations, languages, and devices on Rank Tracker. 2) Receive monthly insights straight to your inbox with 'Shopper Digest'. 3) Dive into keyword performance breakdowns over time with 'Amazon Keyword List'. ↗

Attio has launched a few new updates on its platform. The first update is for its Chrome browser extension. Now when a user pulls up any profile on LinkedIn they'll see an "Open in Attio" button built directly into the page. Additionally, when you add a new person to Attio, it now also includes their current company. Attio has also updated its Notes with new features and designs, including the template selection, rich text formatting, auto-linking, mentions, and more have been refreshed to make the user experience more intuitive. Attio has also added Mobile Notes and a new referral program. ↗

FINTRX has launched a couple of new updates on its platform. The first is ETF Trends & Data, whereby users can access detailed insights on held ETFs including asset classes, categories and management styles to segment firms by the specific types of ETFs in their investment portfolios. The next update is Form ADV Brochure Keyword Search to instantly search all RIA brochures by keyword. Additionally, users can search for detailed information on advisory practices, fee structures, backgrounds on key personnel and more. ↗

Attio's new referral program is live. Now users can share their unique link with teams to earn points. The new user will receive 10% off their Attio subscription, and original user will unlock rewards ranging from Attio merch to an Apple studio display. ↗

DEAL ACTIVITY

Daloopa has closed on its $18 million Series B round. This round was led by Touring Capital with participation from Morgan Stanley and existing investor, Nexus Venture Partners. The funds will be used to further innovate Daloopa’s proprietary algorithm and build product solutions that further improve the quality of fundamental data in the financial services industry. In addition, the firm intends to expand to new markets, especially in Europe and Asia. ↗

Linnovate Partners has announced the successful closure of $40 million funding commitment by SeaTown Private Capital Master Fund. This capital infusion enables the firm to scale operations and drive innovation. ↗

Anaplan has completed its acquisition of Fluence Technologies. Anaplan customers will benefit from this integration since Anaplan will provide: Efficiency, speed, and quality, Simplification and reduced complexity via a unified platform, Enabling key finance workstreams in real time, Displacement of legacy on-prem offers, Time to value and cost savings and Acceleration of digital transformation through automation. Fluence is now called Fluence Technologies - An Anaplan Company. ↗

PARTNERSHIPS & INTEGRATIONS

Kelp and Valu8 have partnered together to change the private investment landscape in Europe. By integrating Valu8’s company intelligence data with Kelp’s predictive technology, this partnership will enhance every stage of the investment process- from sourcing to value creation. ↗

CAIS has added Blackstone to its marketplace. CAIS will list several Blackstone strategies, which have undergone third-party due diligence by Mercer. The strategies include private equity, private credit and real estate products catered to the wealth channel. Blackstone will benefit from a custom analytics dashboard designed to optimize their platform engagement, pipeline management, and sales efforts. Asset managers on the platform also receive access to an online education offering (CAIS IQ), digital marketing support, and integrations with leading custodians, reporting providers, and fund administrators. ↗

MassMutual and iCapital have unveiled their expanded alts platform. The firms have teamed up to build a centralized tech platform for advisors to access alternatives, structured notes, and annuities. The platform, fully integrated and tailored for financial advisors affiliated with MassMutual subsidiary MML Investors Services, will provide a centralized hub for managing these investments. It aims to simplify access and analytics for alternative investments, providing a comprehensive selection of products, tools, and data. ↗

ACES Quality Management has announced a new partnership with Infrrd to provide ACES users access to intelligent document processing. When used in conjunction with ACES' software, Infrrd’s technology can help lenders improve the efficiency of their quality control reviews by indexing, categorizing and reviewing the accuracy of loan file documents prior to review. ↗

SESAMm and Compass Financial Technologies have partnered together to unveil their latest crypto thematic index. Empowered by SESAMm's AI analytics, the new index solution suite will harness a diverse range of cryptocurrencies while integrating sentiment data from the web. The primary goal is to capture the market's sentiment towards cryptocurrencies, offering investors a fresh perspective to engage with this emerging asset class. The CSA "Crypto Sentiment Adaptive" indices suite is set to launch later this month and will be accessible to investors through a variety of financial products and solutions. ↗

ScaleUp Group and Beauhurst have collaborated to help identify early-stage tech businesses who would benefit from additional capital. ScaleUp is a specialist adviser to businesses looking for £3m-£10m of capital for expansion. ScaleUp and Beauhurst have identified the need to help high growth primarily B2B SaaS businesses raise funding in today’s challenging investment environment. ↗

Amwal Capital Partners, an independent alternative investment firm based in Dubai, has enhanced its portfolio and trade order management operations with the implementation of investment management technology from Broadridge Financial Solutions. Amwal Capital is now live on Broadridge’s investment management platform, which is providing the firm with portfolio, order, and risk management as well as visual analytics, and performance attribution. This implementation will elevate performance reporting, increase efficiency, and reduce risk. ↗

Manulife’s General Account Investment Group has selected Allvue to supply portfolio management and research management solutions for their public and private credit portfolios. Allvue’s Portfolio Management solution will equip Manulife with a unified data source that tracks the firm’s investment exposures and risk across their credit portfolios on a single platform. Manulife will also utilize Allvue’s Research Management software to streamline the oversight of the firm’s research, portfolio monitoring, and investment decision-making. ↗

Mercer-Investments ’ Alternatives team has selected Dasseti COLLECT to optimize its due diligence and research processes. By streamlining the due diligence process across the universe of funds that Mercer-Investments conducts research on, Dasseti will help the firm increase its coverage across the expanding number of private markets and alternatives strategies available globally. ↗

OFFICE & PERSONNEL

Ray Lester, Senior Vice President and Chief Operations Officer at Northern Trust Corporation, has left the company. Lester had been with the company for 12.5 years. ↗

Preqin has announced that Alex Tarantino, Colmore’s Commercial Director, and Mícheál Forrestal, Colmore’s Chief Operating Officer, have been appointed as co-heads for Colmore. This news was announced one day after Ben Cook, Colmore’s former CEO, announced that he has recently stepped away from the company. Tarantino has been an integral member of Colmore’s client and growth strategy since the firm’s inception in 2017, leading the sales teams and driving revenue for the business. Prior to joining Colmore, Tarantino was a Business Development Director at SS&C, where he grew both the European and North American private equity administration businesses. Forrestal is responsible for all client delivery across the Global Operations and Accounting teams. Forrestal has spent his career in financial services, previously holding leadership roles in operations at a range of investment banks and asset managers, most recently Deutsche Bank and Legal & General IM. ↗

Drake Paulson has joined Bipsync as its new Chief Operating Officer. As COO, Paulson will oversee all aspects of Bipsync’s operations, with a focus on expanding Bipsync’s strategic partnerships, optimizing organizational processes, and scaling the company to support its growth. Prior to joining Bipsync, Paulson co-founded TopQ Software, which was acquired by eVestment, a Nasdaq company. He then held leadership positions at both eVestment and Nasdaq before joining Anduin Transactions in 2022, heading partnerships and client experience functions. Paulson brings over 25 years of experience in financial technology, investment management, and operations to his new role. ↗

Ben Cook has stepped down as CEO of Colmore and left the firm. Cook had been with Colmore for the last seven years. Before joining Colmore, Cook was a Managing Director at Ipes and Chief Operating Officer at Dominion Group. ↗

TrustQuay Viewpoint has appointed Guy Harrison as its new Chief Executive Officer. Harrison's previous roles include CEO at SmartSearch, General Manager at Dow Jones Risk and Compliance, Managing Director at IHS Markit, and strategic leadership positions at Goldman Sachs. With a proven track record of revenue growth, he has driven substantial advancements in regulatory compliance solutions at each of these organizations. ↗

Catherine Law has joined IQ-EQ as a Business Development Director, based in Hong Kong. With over 20 years of experience in the PE/VC, Real Estate, Hedge Funds, and Family Office sectors, Law has helped numerous institutional clients with fund administration and corporate services solutions across multiple jurisdictions. ↗

Alkymi has welcomed John Peterson to its team as a new Strategic Accounts Director. Before joining Alkymi, Peterson was an Alternative Investments Sales Specialist & GTM Principal at SimCorp for over six years. Peterson also spent time at FIS, Altvia and eFront. ↗

Raymond Kim has joined Carta as a GTM Venture Capital. Before joining Carta, Kim founded and was COO of Inkly and also held positions at Qualio, Vector and Affinity. ↗

Rami Myerson is the new Vice President, Investor Relations at Similarweb. Before joining SimilarWeb, Myerson was Head of Investor Relations at Elbit Systems. ↗

Bryan Medina has joined Assette as Senior Director of Client Success. Medina brings experience in driving sales and product growth for firms in financial services, fintech and investment data. ↗

Atfinity has added another team member to its company. Milan Andrejević recently joined them as a new Product Designer, bringing over ten years of experience designing digital products for companies including banks and wealth managers. ↗

George Donovan has started a new position as Chief Revenue Officer at Drawbridge. Prior to joining Drawbridge, Donovan was the Chief Operating Officer at Crystal Knows, a personality data platform. ↗

Jared Carney, Founder and CEO of Lightdale, has joined Pepper as an investor and Senior Advisor. Carney is the Former Chief Strategy and Marketing Officer at The Milken Institute, where for almost 10 years he led the annual Global Conference, a large gathering of the capital markets. ↗

VENDOR RESEARCH & WHITEPAPERS

Aumni has a new blog, "Even top companies are taking longer to raise". In this blog Aumni points out that in 2023, even top-quartile companies saw a sharp increase in the number of months it took to raise a subsequent round of capital. Aumni then wonders if executive teams may be waiting for more favorable conditions to raise capital, or it really is much more difficult for even the top-performing companies to obtain financing. ↗

Ontra has a new blog, "Entity management risks — 4 things that can go wrong". In this article, Ontra walks through three examples of things that can go wrong when you rely on old-school entity management practices. ↗

Nth Round has a new blog, "The benefits and implementation of digital stock certificates". In this blog post, Nth Round explores the evolution of stock certificates, delves into the benefits of digital stock certificates, and discusses their implementation in modern equity management operations. ↗

ValueWorks has a new blog, "SaaS CoGS vs. OpEx: A Strategic Financial Insight". In this blog, ValueWorks goes over what exactly is CoGS in SaaS and what is OpEx in SaaS as well as how to calculate and differentiate CoGS and OpEx in SaaS and what is the impact? ↗

Owlin has a new blog, "Adverse media check? Why a Google Search isn’t enough". In this blog, Owlin gives ten reasons why it believes a Google search isn’t adequate for adverse media monitoring. ↗

ShareVault has a new blog, "Top Fundraising Questions Answered". In this blog, ShareVault explains its answers to six frequently asked questions like when is the best time to fundraise and how much money does my business need? ↗

WealthBlock has a new article, "Why Venture Capital Firms Can’t Thrive Without the Right Tech Stack". This article explores the role of technology in streamlining VC operations, some of the key components of the best VC tech stacks in the market, and why it’s so important to invest in the right VC tech stack. ↗

Apperio has a new blog, "How to prevent legal spend running over budget". In this blog, Apperio looks at the practical ways for in-house teams to use budgets to control their legal spending—without sacrificing the quality of legal services. ↗

qashqade has a new blog, "Regulation promoting capital efficiency provides boost for Japan’s private markets". With no major regulatory hurdles on the horizon, current regulation that promotes capital efficiency, and corporate governance reforms fueling growth, qashqade feels that the Japanese private markets scene looks strong. ↗

CAIS has a new article, "An introduction to GP stakes". In this piece, CAIS dives into defining GP stakes, the mechanics behind these investments, and what may be at stake looking ahead. ↗

Aumni has a new blog, "Are investors passing on pari passu?". In this blog Aumni asks the question, "What might the prevalence of pari passu deal structures in startup fundraising indicate about market dynamics"? ↗

Astrella has a new blog, "What is Rule 701 and Why Is It Important for Startups?". This article is an overview of what Rule 701 is, the safe harbor exemption and the requirements for Rule 701.

Drawbridge has a new blog, "How a cybersecurity breach disrupts your Portfolio Company’s exit performance". In this blog, Drawbridge discusses how a cyber breach negatively impacts private equity and portfolio company exits. ↗

AWARDS

Paul Hastings and Passthrough have won the “Trailblazer of the Year” award at the International Legal Technology Association Distinguished Peer Awards 2024. The annual ILTA Distinguished Peer Awards recognize an ILTA Member and serve as a benchmark for excellence in legal technology and innovation, recognizing organizations and individuals that demonstrate exceptional leadership and innovation in the field. ↗

SimCorp has won the Markets Choice Award for Best M&A Deal of the year. This recognition was awarded for SimCorp’s merger with Axioma, which was finalized in January 2024, with Axioma now operating as a product brand under SimCorp. ↗

Meredith Binder, CMO at Novata, has been recognized as as one of Top 50 Marketers in the world by the OnCon Icon Awards. Binder was recognized for: 1) making a considerable impact on her organization and/or previous organizations. 2) making strong contributions to her professional community through thought leadership. 3)innovating in her role/career. 4) exhibiting exceptional leadership. ↗

Hyperscience's Chief People Officer, Caron Cone has been named a winner of the Top 50 Human Resources Professional Award by OnConferences. ↗

AlphaSense has received recognition in the 2024 TrustRadius Top Rated Awards. Every year, TrustRadius recognizes software vendors through their Top Rated Awards for their commitment to providing excellent customer satisfaction, establishing credibility in the industry, and empowering buyers to make confident technology decisions. These awards are solely based on customer reviews and sentiment, highlighting the vendors’ emphasis on sourcing honest feedback on an ongoing basis. ↗

Caron Cone and Hyperscience has won again. This time it is along with the CEO, Andrew Joiner in the Software Report's Top 25 AI Executives of 2024. ↗

Winners from the A-Team Group ESG Insights Awards 2024 has been announced.

Winners from our Vendor Profiles database include:

Best Regulatory Reporting Solution for ESG - Nasdaq
Best ESG Solution for Unstructured Data - S&P Global Market Intelligence
Best ESG Climate Risk Solution - S&P Global Market Intelligence
Best Data Management Solution for ESG - Bloomberg
Best ESG Risk Data Provider - Preqin

Congrats to all the winners!! ↗

OneTrust has won the Editor’s Choice award for Privacy Management by Cyber Defense Magazine in the magazine’s 12th annual Global InfoSec Awards program. The CDM Global InfoSec Awards recognize companies who manage, create, and offer the most respected information security products and services. ↗

TrustQuay Viewpoint has won the Fintech Award 2024 at the 6th annual Digital Jersey Tech Awards. ↗