Northern Trust: Completes Acquisition of Parilux Investment Technology

  • Northern Trust Corporation a leading provider of wealth management, asset servicing, asset management, and banking to corporations
  • Parilux to serve the demanding needs of investment professionals who tasked with selecting the best investment managers in the world
  • Announced that it finalized its acquisition of Parilux Investment Technology, LLC, completing its investment in the firm
  • This acquisition underscores Northern Trust’s commitment to its Front Office Solutions business
  • Front Office Solutions integrates Parilux’s software with a proprietary cloud-based web and mobile interface
  • The leading-edge technology, combined with Northern Trust’s global operations expertise and service
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...