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OTP Bank selects Bloomberg as data provider
23 November 2022 Hungary
Reporter: Jenna Lomax

Hungary-based OTP Bank has selected Bloomberg as its data provider to support OTP Bank’s pre-trade and post-trade securities sanctions compliance

Morphosis Venture Capital picks Apex for fund services
22 November 2022 UAE
Reporter: Lucy Carter

Dubai-based Morphosis Venture Capital has selected Apex Group to provide fund administration, corporate secretarial and tax reporting services to its Alicorn India Fund 1 LP

AB Capital Group is latest to onboard SS&C Aloha
22 November 2022 Philippines
Reporter: Lucy Carter

The platform will help to support AB Capital Group’s growth and drive its investment operations, SS&C says

Futu Trustee picks TrustQuay’s NavOne software
22 November 2022 Hong Kong
Reporter: Jenna Lomax

Commenting on the mandate, Keith Hale of TrustQuay (pictured), says: “New challengers, such as Futu Trustee, who fully embrace digitalisation, are consequently well placed to win market share in the corporate services and trust market

DeA Capital Real Estate Germany shuffles team
22 November 2022 Germany
Reporter: Jenna Lomax

DeA Capital Real Estate Germany (DeA Capital) has appointed Emmanuel O. Steinbeis (pictured) as director of portfolio management and Jens Zimmermann as director of asset management

SimCorp partners with AccessFintech to increase efficiency across buy-side
21 November 2022 UK
Reporter: Lyndsey Young

SimCorp will connect its Asset Service Hub with AccessFintech’s Synergy Network to allow clients to better access and visualise data through aggregation and normalisation

EBA Clearing’s instant payment service RT1 marks fifth anniversary
21 November 2022 Europe
Reporter: Lyndsey Young

The service currently reaches 85 per cent of bank customers in SEPA and processes over two million transactions worth €1.5 billion euro per day on average

DTCC releases Report Hub’s assisted reporting model
21 November 2022 US
Reporter: Carmella Haswell

The model aims to allow sell-side firms, including clearing brokers and prime brokers, to provide the required counterparty trade data to their buy-side clients which also utilise Report Hub

Citi’s China-Swiss Stock Connect programme gains new clients
18 November 2022 United Kingdom
Reporter: Lucy Carter

Sunwoda Electric Company and Hangzhou GreatStar Industrial Company have chosen Citibank’s issuer services as the depositary bank for their global depositary receipt programmes, listed on the SIX Swiss Exchange.

HSBC and Wells Fargo expand blockchain FX settlement solution to offshore CNH
18 November 2022 China
Reporter: Jenna Lomax

The offshore Yuan is the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the US dollar, Canadian dollar, British pound and the Euro

ASX faces industry criticism for delay to CHESS replacement project
17 November 2022 Australia
Reporter: Jenna Lomax

The decision follows ASX’s own internal assessment and the completion of an independent review, conducted by Accenture

FSB releases cross-border payments monitoring framework
17 November 2022 Switzerland
Reporter: Lucy Carter

The Financial Stability Board has published a framework by which progress towards the G20 cross-border payments targets can be monitored