The unstoppable march of ETFs across the globe is making new demands on middle office systems and processes. Two firms with deep expertise in ETFs have announced a partnership to bring streamlined middle office support to modernize asset managers.

Ryedale provides out-of-the-box and bespoke portfolio management, order management, and ETF basket management SaaS solutions for investment management firms.

Intellimation.ai Software Limited is a Natural Language Processing and Machine Learning based cognitive fintech company, providing middle office servicing for ETF issuers through its TechtoServe model. This model uses client transferable technology at its core to provide the service, thereby letting the client keep the whole automated tech in MBO even after contract termination.

The partnership will serve a wide variety of customers across asset classes and financial products including, but not limited to, ETFs. Ryedale will offer its customers middle office servicing provided by Intellimation.ai. This may include PCF generation, custodian reconciliation, corporate action processing, cash ledger, regulatory reporting, trade confirmation, and SSI maintenance.

Jon Rushman, Ryedale’s CEO said: “We’re very excited about our partnership with Intellimation.ai. Ryedale Platform’s modern architecture is designed for round-the-clock availability and responds to new data as it arrives. The partnership with Intellimation.ai enables us to offer service and support to match. We now add Mumbai to our existing permanent bases in London and California. This will allow us to better serve customers in new regions.”

Har Pulak Bahadur, Intellimation.ai's CEO added: “We truly believe that our customers need a one-stop solution where they can focus on meeting their fund's objectives without having to engage with multiple vendors. This will not just eliminate heavy technological investments but will help mitigate data, security and regulatory risks. Ryedale's Platform combined with Intellimation.ai’s services is a flexible and integrated solution that should be compelling to many asset managers.”