The latest developments in technology products and investments in North America.

Deloitte, Diligend
Diligend, an investment management software provider working with institutions and consultants, has added Deloitte Consulting as a client.

Deloitte will use the firm's solution to digitize and streamline its processes, which include Operational Due Diligence (ODD) on investment managers and service providers for Requests For Proposals (RFPs) and client surveys. The tool will also be used to enhance benchmarking and reporting functionality, Diligend said in a statement. 

"As we look to provide the best service to our clients, we have been observing the evolution of technologies in this segment for a while. We found that Diligend was the best fit to our needs and their team aligned to our long-term objectives," Mark Archer, director, investment and wealth advisory, Deloitte Consulting, said. 

The firm collects and analyzes qualitative and quantitative fund manager data, including onboarding to ongoing monitoring for ODD, manager research, ESG and compliance teams. The technology allows users to collect, digitize, score and produce IDD and ODD reports efficiently.