People Moves Monday: Weekly roundup
The past week saw appointments from AccessFintech and Adroit Trading Technologies, alongside a departure from Federated Hermes.
Tag: AccessFinTech
Goldman Sachs managing director of 18 years joins AccessFintech to head up buy-side sales and relationships
Incoming individual will lead buy-side strategy; joins following 18 years at Goldman Sachs and five years at JP Morgan.
AccessFintech secures $60 million in Series C with investments from BNY Mellon, JP Morgan and Citi
Latest funding round brings the total capital raised by the fintech to $97 million since 2018.
Citi and JP Morgan report 30% reduction in trade fails after AccessFintech collaboration
Initiatives focused on securities settlements between the two dealers, with specific emphasis on European markets as a prelude to the recently implemented CSDR regulation.
Trade settlement fail penalties are high following CSDR rollout, so should the buy-side be receiving more credits?
Banks are being hit with up to €5 million in CSDR penalties per month as settlement rates deteriorate, says expert, who points out that credits should be trickling down to the buy-side.
Former JP Morgan executive joins AccessFintech as head of derivatives product line
Incoming head brings over 30 years’ experience in investment banking to AccessFintech, having spent almost two decades at JP Morgan.
Broadridge and AccessFintech partner to transform resolution of settlement fails
FinTech firms Broadridge and AccessFintech align to resolve multi-party settlement fails through new solution.
Deutsche Bank joins $20 million funding round for AccessFintech
Previous investors JP Morgan, Citi and Goldman Sachs also contributed to the round, taking the total raised by AccessFintech to $37 million since 2018.
Major banks partner with AccessFinTech for standardised settlement platform
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.
Credit Suisse adopts settlement tech from start-up AccessFintech
AccessFintech's solution will help Credit Suisse avoid errors in the settlement process and comply with the upcoming settlement discipline regime.