TrustQuay

14 results about this entity

Period: 18 Jun 2007 - 30 Oct 2023

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Survey reveals firms doubts over data quality

/predictions

Survey reveals firms doubts over data quality

As many as three quarters of corporate, trust and fund services firms do not trust their own data, suggests recently published research.

Fund services firms lagging in digital journey

/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

/markets

TrustQuay opens Luxembourg office

TrustQuay, the leading technology provider to the corporate services, trust and alternative fund administration markets, has today announced its further investment into the Luxembourg market with the opening of an office in the Luxembourg House of Financial Technology (LHoFT).

/wholesale

TrustQuay completes four new tech deals

TrustQuay, the leading technology provider to the corporate services, trust and fund administration markets, has today announced the signing of 4 new agreements with clients in Switzerland, Cyprus and Mauritius, as new research shows the majority of the industry expects the impact of COVID-19 to be short term.

/markets

Microgen and Touchstone rebrand as TrustQuay

Following the recent merger of Microgen and Touchstone, the company has today announced its new name and new brand for the combined business - TrustQuay.

Finextra50 up 1.2% led by ChoicePoint and Microgen

Finextra50 up 1.2% led by ChoicePoint and Microgen

The Finextra50 Financial Technology Index closed up 1.2% to 86.91 last week as Reed Elsevier's planned acquisition of ChoicePoint saw the latter's stock rise by 41%, while lower than expected quarterly results and outlook from Vasco Data Security saw its stock hit a 52 week low.

Finextra50 up 4.25% led by ACI and Patsystems

Finextra50 up 4.25% led by ACI and Patsystems

The Finextra50 Financial Technology Index closed last week up at 87.64, as the fintech sector recovered slightly more than most global markets last week. Despite several falling stocks, such as Actuate which lost 31% of its value last week, the majority of companies saw decent rises, led by ACI Worldwide which benefited from the resolution of its most recent accounting troubles.

Finextra50 up 2.14% led by Microgen, Nucleus and Polaris

Finextra50 up 2.14% led by Microgen, Nucleus and Polaris

Metavante enters the Finextra50 Financial Technology Index in a week that saw the index close up to 96.42, although capital markets software firms IRESS, Fidessa, Linedata and Misys all fell.

Finextra50 hits all-time low, led by UK fintech firms

Finextra50 hits all-time low, led by UK fintech firms

The Finextra50 Financial Technology Index finished last week down 3.39% to 92.49 as fears continued that the latest round of losses at major financial institutions will have a knock-on effect on technology budgets. Misys, Fidessa, Gresham and Microgen all saw double-digit falls while the index's only strong performers this week were India's Nucleus Software and Online Resources in the US.

Microgen fails to seal Trace deal

Microgen fails to seal Trace deal

UK IT services firm Microgen has failed to acquire banking and securities software vendor Trace Group after its 180 pence per share cash bid lapsed and a smaller offer for the business from management vehicle Tulip became unconditional.

Indian IT sector drags Finextra50 down one per cent to 103.95

Indian IT sector drags Finextra50 down one per cent to 103.95

Indian firms mphasis and i-flex led the Finextra50 Index down one per cent last week, as concerns about the stronger rupee's impact reduced investors' earnings expectations. This was tempered by gains from UK fintech companies, including Software Solution Partnership, Microgen and Statpro, which are seeing positive growth outlooks.

Statpro leads the risers on the Finextra50; Orc is top faller

Statpro leads the risers on the Finextra50; Orc is top faller

The Finextra50 index rose a steady 2.479% last week, driven by a strong performance by outsourcing firm Cognizant, although it was UK group Statpro that had posted the biggest share price rise by the end of Friday.

Finextra50 rises to 102.46

Finextra50 rises to 102.46

Despite the closure of the US markets for the Independence Day holiday, the Finextra50 Financial Technology Index rose a healthy 1.63% last week to close at 102.46.

Finextra50 rises to 101.67

Finextra50 rises to 101.67

Last week saw steady gains among the majority of Finextra50 stocks as the index rose 1.87% to 101.67. The recovery of European markets after the previous week's drop contributed to the rise. Simcorp, Temenos and Cognizant saw the biggest gains while shares in Microgen and Fidessa fell. Comparison of the Finextra50 index performance since the start of May against key global indices shows the financial technology sector outperforming the S&P1200 Global Financial Sector index and matching the FTSE 100 and FTSE Euro 100.

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