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Encompass Plans Global Growth Acceleration Following £25 Million Funding Round
Encompass, a provider of automated Know Your Customer (KYC) solutions, has completed a capital raise of £25 million. The funds will be used to accelerate global growth, particularly in the US where the company opened its first office in New York in October 2021, and in Europe where an office was recently opened in Amsterdam….
Migrating Data Management to the Cloud – What Can the Financial Sector Do to Meet the Challenge?
By Mark Hermeling, chief technology officer at Alveo. Financial services firms are increasingly moving their data management ecosystems to the cloud. This has huge implications for the sector as highlighted in a recent Market Research Future report that projects the financial cloud market will hit the $52 billion mark by 2028, growing at an impressive compound annual…
SmartStream Combines Air, RDU to Offer Comprehensive Transaction Reporting for MiFID II
SmartStream Technologies has combined its SmartStream RDU reference data utility with its SmartStream Air (Artificial Intelligence Reconciliations) solution to create a new offering that provides regulated entities with comprehensive reporting capabilities for MiFID II. The new solution – Transaction Reporting Reconciliation and Reporting Decision Control – aims to address regulators’ growing requirement for completeness and accuracy…
11 Best Climate Risk Providers in 2022
We’re seeing a rapid transition in how the financial markets industry is approaching climate risk. This shift has been advanced by customer preferences, public awareness and, as most pressingly, increased regulatory demand. As new energy sources and technologies emerge, investors must innovate and advocate for a comprehensive climate risk framework. Climate Risk Management models continue…
ICE Partners with Techary to Provide Hardware Procurement and Managed Services
Market infrastructure provider Intercontinental Exchange (ICE) has launched a global procurement and managed services solution in collaboration with Techary, a global technology solutions provider. The new service, which will be offered by ICE Global Network (IGN) and supported by Techary, will provide customers with end-to-end hosting, hardware procurement, management and support through one single IGN…
Vendor Strategy: Snowflake Forecasts ESG Growth as It Breaks Down Silos
Snowflake’s Financial Services Data Cloud was launched in the middle of last year with the aim of providing financial institutions access to its cloud-native data resources. From the get go, the US-based company knew that ESG would be a major – and growing part – of its offering. Now Rinesh Patel, Head of Industry, Financial…
CUSIP Global Services Sees Interest Grow in Verified Green Muni Bonds
American regulators’ demands that municipal bond issuers show proof of their ESG claims is being underlined by rising inquiries to one of the leading providers of muni sustainability data. Cusip Global Services (CGS) has seen a steady rise in client referrals to debt flagged as green on its platform since the US company began including…
FD Partnership with Microsoft Promises KX-Based Apps Designed to Help Firms Innovate and Grow
FD Technologies, parent of KX and its kdb+ time series database since June 2019, has made a strategic partnership with Microsoft to expand the reach of its KX Insights streaming data analytics platform as organisations look to modernise data infrastructure for real-time decision making. The partnership includes two elements – KX has agreed to work…
Snowflake Acquisition of Streamlit Will Accelerate Data Apps Development
Snowflake has signed a definitive agreement to acquire Streamlit, provider of an open source framework that enables developers and data scientists to build and share data apps quickly and iteratively, without the need to be an expert in front-end development. The company says more than 1.5 million apps have been built using the framework. Following…
Everything You Need to Know About the EU Whistleblowing Directive
It is widely acknowledged that employees who report misconduct within their organisations play a key role in exposing breaches and preventing similar incidents from happening in the future. However, potential whistleblowers are often discouraged from reporting their concerns or suspicions for fear of retaliation. In this context, the European Union deemed it necessary to provide…