Refinitiv Acquires Scivantage Refinitiv has acquired wealth management solution provider Scivantage as part of its bid to extend its suite of solutions in the space. Scivantage runs two primary solutions aimed at wealth management: digital client experience platform Wealthsquope and tax information reporting solution Maxit E2E. The platforms offer account and portfolio management, investment data, and tax information reporting. Joe Mrak, global head of wealth management at Refinitiv, said the...

Finastra is looking for more potential partners working on regulatory technology, risk management, and predictive analytics for its cloud-based marketplace platform FusionFabric.cloud. Pedro Porfirio, global head of treasury and capital markets at the company, tells WatersTechnology the company is actively looking for financial technology partners to help expand the platform. “We’re looking to partner with fintechs that have real value and use cases. We have a number of fintechs we are working

The self-regulatory organizations (SROs) behind the Consolidated Audit Trail (CAT) are asking the Securities and Exchange Commission (SEC) to allow the system not to gather certain personal information. In a letter dated January 29, the CAT NMS plan committee asked the SEC to let the CAT refrain from collecting and storing social security numbers, dates of birth, and individual trader account numbers. It asked the regulator to approve the use of a planned CAT Customer ID (CCID) that will be

The Securities and Exchange Commission (SEC) has proposed drastic changes to how the US consolidated tapes of market data from equities exchanges will be operated and governed, in a bid to simplify their decades-old structure and keep pace with the technology used by direct exchange feeds to ensure those using the tapes are not at a competitive disadvantage. The SEC—concerned over the inability of these data plans to keep pace with the exchanges’ premium proprietary datafeeds—wants to do away

Pennsylvania Public School Employee’s Retirement System Taps SimCorp The Pennsylvania Public School Employees’ Retirement System (PSERS) has signed a license agreement with SimCorp to form the foundation of its middle and back-office investment operations. SimCorp’s cloud-based Dimension Investment Book of Record will allow PSERS to use a single system for these operations and provide analytics. The pension fund, with its $59.1 billion in assets under management, wants to use Dimension to...