|By Business Wire||
|April 23, 2014 10:03 AM EDT||
StoneCastle Cash Management, LLC (‘StoneCastle’) today announced that StoneCastle eCD Market, LLC (‘eCD Market’), its online marketplace for institutional buyers of custom FDIC-insured CD portfolios, has teamed with Cachematrix, a provider of money market fund, bank product trading and sweep technology for banks and financial institutions. This partnership will enable Cachematrix to offer its clients access to eCD Market’s innovative FDIC-insured CD platform. The partnership also allows StoneCastle to introduce Cachematrix’s liquidity management systems to its bank relationships.
eCD Market allows institutional buyers to easily obtain a high amount of FDIC insurance for cash balances through a nationwide marketplace of participating banks. For Cachematrix clients, this service represents a new and innovative option for investing cash in custom portfolios of CDs from a wide range of nationwide banking partners. For banks on the eCD Market platform, this platform represents an even more efficient way to acquire non-brokered time deposits and create new direct relationships with institutional customers.
In addition, StoneCastle’s network of bank partners can now offer Cachematrix’s industry leading institutional money market fund trading and liquidity management capabilities, which have traditionally been limited to some of the world’s largest financial institutions, to their institutional and corporate customer base.
“I am thrilled to see the StoneCastle eCD Market available to the Cachematrix network of institutional and corporate investors,” said Eric Lansky, President of StoneCastle Cash Management, LLC. “This is a win-win partnership as StoneCastle can introduce value added solutions to its institutional clients, while Cachematrix clients will now have the ability to offer access to custom-built portfolios of FDIC-insured CDs.”
“We are excited about the opportunity to offer Cachematrix technology to StoneCastle’s extensive group of bank partners,” said Dave Agostine, President of Cachematrix. “With corporate cash at all-time highs, we believe banks are looking to capitalize on this unique opportunity to increase their corporate market share, and revenue, within this arena. Our technology will allow banks the opportunity to offer a solution to their corporate clients that will assist them in managing their liquidity in a more sophisticated and efficient manner. We look forward to working closely with StoneCastle to assist their bank partners in this endeavor.”
About StoneCastle Cash Management, LLC
StoneCastle Cash Management, LLC is a premier provider of liquidity and cash management solutions servicing the nation's leading community banks, corporations, municipalities, public funds, foundations, endowments, hedge funds, wealth management and private equity firms. StoneCastle Cash Management, LLC is a wholly owned subsidiary of StoneCastle Partners, LLC. eCD Market is a wholly owned subsidiary of StoneCastle Cash Management, LLC. For more information, visit www.stonecastle.com.
About Cachematrix Holdings, LLC
Cachematrix is the leading "software as a service" (SaaS) provider of institutional money market fund, bank products and fixed income trading, and sweep technology for banks and financial institutions worldwide. Cachematrix enables banks and other financial services firms the ability to offer their corporate clients on-line access to a choice of short term investment products through a convenient, single source platform for managing assets. For more information, visit www.cachematrix.com.
This release does not constitute an offer or solicitation or recommendation to purchase any security and is not investment advice.
SYS-CON Events announced today that Spirent Communications, the leader in testing navigation and positioning systems, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Spirent Communications enables innovations in communications technologies that help connect people. Whether it is service provider, data centers, enterprise IT networks, mobile communications, connected vehicles or the Inte...
Oct. 7, 2015 03:15 PM EDT
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Oct. 7, 2015 03:15 PM EDT
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
Oct. 7, 2015 03:15 PM EDT Reads: 600
JFrog has announced a powerful technology for managing software packages from development into production. JFrog Artifactory 4 represents disruptive innovation in its groundbreaking ability to help development and DevOps teams deliver increasingly complex solutions on ever-shorter deadlines across multiple platforms JFrog Artifactory 4 establishes a new category – the Universal Artifact Repository – that reflects JFrog's unique commitment to enable faster software releases through the first pla...
Oct. 7, 2015 03:00 PM EDT Reads: 571
DevOps is gaining traction in the federal government – and for good reasons. Heightened user expectations are pushing IT organizations to accelerate application development and support more innovation. At the same time, budgetary constraints require that agencies find ways to decrease the cost of developing, maintaining, and running applications. IT now faces a daunting task: do more and react faster than ever before – all with fewer resources.
Oct. 7, 2015 03:00 PM EDT Reads: 356
Saviynt Inc. has announced the availability of the next release of Saviynt for AWS. The comprehensive security and compliance solution provides a Command-and-Control center to gain visibility into risks in AWS, enforce real-time protection of critical workloads as well as data and automate access life-cycle governance. The solution enables AWS customers to meet their compliance mandates such as ITAR, SOX, PCI, etc. by including an extensive risk and controls library to detect known threats and b...
Oct. 7, 2015 03:00 PM EDT Reads: 114
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 7, 2015 03:00 PM EDT Reads: 6,885
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Oct. 7, 2015 02:45 PM EDT Reads: 169
DevOps and Continuous Delivery software provider XebiaLabs has announced it has been selected to join the Amazon Web Services (AWS) DevOps Competency partner program. The program is designed to highlight software vendors like XebiaLabs who have demonstrated technical expertise and proven customer success in DevOps and specialized solution areas like Continuous Delivery. DevOps Competency Partners provide solutions to, or have deep experience working with AWS users and other businesses to help t...
Oct. 7, 2015 02:45 PM EDT
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/...
Oct. 7, 2015 02:00 PM EDT Reads: 194
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 7, 2015 02:00 PM EDT Reads: 439
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Oct. 7, 2015 02:00 PM EDT Reads: 5,844
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 7, 2015 02:00 PM EDT Reads: 285
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 7, 2015 01:45 PM EDT Reads: 479
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete en...
Oct. 7, 2015 01:45 PM EDT Reads: 102