Fintech, Finance, Technology, Banking Highlights – 9 March 2018
Alberta Investment Management Corporation Selects FactSet’s Multi-Asset Class Investment Risk Analytics Platform
FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, announced that one of Canada’s largest and most diversified institutional investment managers, Alberta Investment Management Corporation (AIMCo), selected FactSet as its investment risk management solution.
Driven by the convergence of risk and performance, increasing regulation, and more sophisticated investment strategies, FactSet has been expanding its multi-asset class (MAC) solutions for more than 20 years. With the recent launch of FactSet’s linear risk model and the integration of the Cognity fat tail approach acquired through the recent acquisition of BISAM, it now has one of the strongest MAC analytics, performance, and risk management offerings in the industry.
“To be considered world class in our approach to risk management, AIMCo required a partner that complemented our organization, and enabled us to focus on our core competency. By providing us a holistic platform that enables us to truly integrate risk management with portfolio management, while addressing market data management and operations, FactSet is that partner,” said Remco van Eeuwijk, Chief Risk Officer, Alberta Investment Management Corporation.
SEI and Synechron Join Forces for Blockchain Utilization
SEI announced its strategic partnership with Synechron, a global consulting and technology organization, to support SEI’s efforts to employ blockchain technology in the financial services industry through use cases and the establishment of SEI’s Blockchain Center of Excellence.
Building upon the company’s other blockchain projects, SEI has teamed up with Synechron to align blockchain capabilities with innovative product initiatives. SEI is focused on the capitalization of distributed-ledger technology (DLT), as it processes, validates, or authenticates transactions without the need for a central authority or intermediary. Through this collaborative exploration, SEI aims to discover opportunities for cost, efficiency, quality, and security gains, benefiting our clients and our business.
“We are excited to work with Synechron in our endeavor to unleash the potential of blockchain technology and its benefits for our clients,” said Richard Godwin, Blockchain Strategy Lead at SEI. “Smart contracts enable automation of off-ledger contractual obligations, and with this, DLT stands to provide a variety of benefits in business process management and reconciliation processes. Synechron’s experience working with organizations within the financial services and technology sectors will support us as we navigate opportunities for development and implementation.”
Emma integrates with Starling Bank
London-based Emma Technologies LTD, after successfully receiving approval by the Financial Conduct Authority, has integrated with Starling Bank, the UK-based challenger bank.
Emma, which was one of the first Account Information Services registered by the FCA, has now made its second Open Banking integration.
Emma is currently building the banking app for millennials (iOS and Android), a mobile only solution that helps consumers avoid overdrafts, find and cancel subscriptions, track debt and save money. The product aims at providing a consumer focused banking experience, with the goal to improve the financial situation of its users.
“We are thrilled to launch this partnership with Starling and share this new integration with our existing customers. We truly believe the integration with Starling will create synergies and provide customers an enriched overview of their finances across all their accounts. ” – Edoardo Moreni, CEO and Co-founder, Emma Technologies LTD.
