Compliance and regulatory reporting remain the largest factors driving reconciliation for top-tier financial institutions, including many with significant operations in Africa, according to a study released by SunGard and Aite Group.
Deloitte has acquired Frontier Advisory, as the company seeks to expand its operations in the African continent and in other emerging markets.
Exchange Data International (EDI), a securities and corporate actions reference data specialist, has added equity analytics data, Worldwide Equity Analytics, to its securities data offering.
S&P; Capital IQ has launched an enhanced SME Scorecard to measure credit risk for women-led SMEs (Small and Medium Enterprises) in emerging markets.
Centurion Law Group has expanded its presence in Africa with the opening of an office in Douala, Cameroon’s largest city and the wealthiest business hub in Central Africa.
JTC has significantly enhanced its global fund servicing capabilities with the acquisition of Kleinwort Benson’s Fund Administration business in South Africa, Guernsey and Jersey.
EY has acquired IZAZI Solutions, a technology enabled business solutions, thus accelerating the growth and development of its advisory and consulting capabilities.
Johannesburg Stock Exchange (JSE) has selected MillenniumIT to provide an integrated multi-market and ultra-low latency solution in support of the JSE’s strategic objective of integrated trading and clearing.
Actionable Intelligence Technologies (AIT), a supplier of solutions for financial investigation, is working closely with the Namibia Anti-Corruption Commission (ACC) to help country’s authorities identify, expose and dismantle organizations involved in systematic financial theft.
Ipreo, a provider of financial services technology, data and analytical services, has acquired iLEVEL, a portfolio monitoring, analytics and transparency platform for global private capital markets.
Deutsche Bank’s Global Transaction Banking (GTB) division has launched an integrated solution for the processing of hybrid funds.
Global advisory and fund administration firm Maitland has concluded an agreement with STANLIB, one of Africa’s largest fund managers, to “lift out” its traditional institutional fund administration operations.
Milestone Group, a provider of optimised fund processing solutions, has announced the establishment of pControl Africa, a joint venture between Milestone Group and domestic provider Global ASP.
Societe Generale Securities Services (SGSS) will provide trustee services for hedge funds in South Africa, according to Duncan Smith, Senior Business Development Manager for Emerging Markets.
