This Week: Tora, AcadiaSoft, Itiviti, Citi, Finastra, SEI & More

Tora Revamps OEMS-Integrated PMS

San Francisco-based trading technology vendor Tora has rolled out a “revitalized” portfolio management system (PMS), fully integrated with its order and execution management system to provide “a completely unified user experience for all fund trading requirements.” The revamped PMS platform includes a real-time general ledger, including trial balances, a full balance sheet and income statements, and the ability to show and reconcile the shadow net asset value. The PMS also provides time-series reporting and access to historical P&L snapshots, as well as the ability to produce bespoke historical reports. It also provides better support for complex swap contracts, and features customizable dashboards with pre-defined charts.

AcadiaSoft Broadens Asian Toolkit for UMR Compliance

Derivatives risk and collateral management service provider AcadiaSoft is expanding the functionality of some of its products in the Asia-Pacific region to help firms prepare for the initial margin posting requirements of Phase 5 and Phase 6 of the Uncleared Margin Rules (UMR), which come into force in September 2021 and 2022, respectively. The vendor is increasing access to its IM Threshold Monitor and IM Exposure Manager tools, including by adding more local-language resources for Japanese and Korean firms.

Citi Enlists Yewno for Research, Data Insights

Citigroup is to use artificial intelligence technology provider Yewno’s knowledge graph in three business lines—its Citi Global Data Insights unit, the data science team in its Global Insights division, and its Citi Research unit—to extract signals from unstructured text. Yewno’s knowledge graph will help Citi analyze its exposure to trends and themes—currently a time-consuming task—by identifying hidden relationships between entities to support sector and company-level analytics.

Itiviti Preps Infrastructure Migration to Cloud

Trading technology provider Itiviti has begun the process of moving its electronic trading platform to a hybrid private-public cloud. Officials say the move will “reinforce the modularity and flexibility” of Itiviti’s platform, while enabling clients to scale computing costs and access more services via Itiviti’s portals, and making it easier to integrate other vendors’ offerings, using Amazon Web Services’ cloud. As part of the phased adoption, Itiviti will begin making the first set of applications available before year-end. Itiviti has enlisted Data Canopy, a cloud-connectivity provider, to provide datacenter and cloud access, and Irvine, Calif.-based cloud services provider Ingram Micro, which will help the vendor get the most out of cloud computing.

Finastra Debuts Cloud Suite for Data, Analytics

Finastra has unveiled Fusion Data Cloud, a suite of solutions running on its FusionFabric cloud open-developer platform, underpinned by Microsoft’s Azure cloud, which officials say will help firms improve client engagement, grow revenue, increase efficiency, and manage risk. Fusion Data Cloud comprises: a data ecosystem that allows firms to ingest and share data, and to create new solutions quicker than before; AI and machine learning algorithms that create analytics to support better insights and decision making, such as understanding retail banking behavior to detect churn or recommend the Next Product To Buy; and six artificial intelligence and machine-learning driven business intelligence tools to gain a 360-degree view of their operations  based on data from different business areas within a firm.

Baird Deploys Refinitiv-NRI Platform

Asset management and investment banking firm Baird has rolled out an integrated wealth management solution comprising Refinitiv’s BETA platform and Nomura Research Institute’s I-Star/GX tool, to provide seamless back-office operations for cross-border trade processing and settlement. The vendors partnered on the combined solution in October 2019 to deliver automated settlement and straight-through processing of trades executed across all markets, and to provide a single-stock record across all assets and markets to support domestic and international corporate actions processing. Baird officials say the integrated solution will allow the firm to achieve operational efficiencies that it can pass on to customers, and more efficiently service clients by instructing custodians in real-time with fully automated transaction monitoring, cleanup, and reconciliation.

TNS Expands European Network, Data Services

Network provider Transaction Network Services (TNS) has expanded the exchange data coverage available on its network, and has enhanced its European network backbone by rolling out its TNSXpress Layer 1 ultra-low-latency architecture of single-switch hops between its European points of presence to reduce connectivity latency to between 5 and 85 nanoseconds. TNS has already offered the Layer 1 solution in North America, and is now rolling it out in Europe, in response to rising data rates. TNS has also expanded its European exchange datafeed coverage to 38 feeds, including market data from Cboe Europe, Euronext, LSE Group, Borsa Italiana, and the SIX Swiss Exchange.

Advan Maps Consumer Trends on Real Estate Portal

New York-based geolocation provider Advan Research has unveiled REPerspectives, an online interactive map for visualizing mobility trends of individuals across the US, to provide investors, real estate professionals, and retailers insight into their real estate investments. The portal tracks residents, employees, and visitors as they move between census block, census tract, zip code, metro area, statistical area, and state, overlaid with Advan’s demographic data, to analyze consumer behavior over time and on specific dates.

SEI Taps Canoe for Alternative Investment Data Integration

Buy-side technology provider SEI has partnered with unstructured data management technology provider Canoe Intelligence to enhance SEI’s Archway platform to enable automation of alternative investment workflows. SEI is prioritizing data connectivity and integration within Archway to serve the needs of family offices seeking to increase allocations to alternative investments, and to simplify associated data aggregation for investment performance reporting. The partnership with Canoe enables SEI to integrate automated processes for document collection, data extraction, and data delivery into Archway to create greater efficiency, and enables clients to track and report on alternative investment data as part of their portfolios.