TradingTech Insight Blogs The latest content from across the platform
AML Penalties Increase in APAC as Regulators Rev their Engines
By the end of July 2020, AML, KYC and sanctions fines for global financial institutions reached $5.6 billion, according to the latest findings from client lifecycle management specialist Fenergo. Notably however, although overall penalties were actually down by a third compared to the same period last year, fines issued by APAC regulators related to AML…
Vela and IPC Expand Market Data Partnership
Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, has expanded its strategic partnership with financial markets communications giant IPC, to boost access to market data. The partnership will give IPC customers access to Vela’s market data solution, SuperFeed, via Connexus Cloud, IPC’s flagship financial ecosystem, which interconnects more than 6,600 capital market…
Cloud9 Partners with comitFS on Real-Time Voice Trading as Industry Adjusts to Virtual Landscape
New York’s Cloud9 Technologies has partnered with comitFS, a UK-based provider of voice middleware and API abstraction capabilities for financial service organizations, to work on improving real-time call control capabilities for voice trading within the institutional marketplace. The joint venture will combine comitFS’s mix of trader voice applications and API’s combined with Cloud9’s advanced solutions…
SimCorp Selects Microsoft Azure for its Move to the Public Cloud
Investment management solutions specialist SimCorp took the next step in its cloud migration this week, with the integration of its investment management platform with Microsoft Azure, the cloud computing platform with which Microsoft is hoping to win its ongoing Infrastructure-as-a-service (Iaas) battle against Amazon AWS and Google Cloud. The rapidly growing Iaas market, estimated by…
AI-Powered Data Extraction from Clearwater Analytics
Clearwater Analytics, a Software-as-a-service (Saas) buy-side data aggregation and portfolio reporting specialist, this week launches a new machine learning-based information extraction service. The data extraction solution focuses on data aggregation and normalization, drilling into transactional data to create a service that automates the ingestion of many types of data which are traditionally manually entered. The…
AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking
AxiomSL, a provider of regulatory reporting and risk management solutions, has launched its new Fundamental Review of the Trading Book (FRTB-SA) and Counterparty Credit Risk (SA-CCR) certification – one of the first to provide clients with calculations in line with the International Swaps and Derivatives Association’s (ISDA) ‘golden source’ calculations. The rigorous golden source calculations…
New Funding Round for kompany Marks Growth Prospects
Business verification and business KYC (KYB) specialist kompany has won new investment of almost €6 million from players including Fairway Global Investment and Japanese VC firm Global Brain, who join the European Super Angels Club as major shareholders. Over the past year company has seen rapid growth, doubling its headcount as its takes advantage of…
AI to Assist Regulatory Compliance and Drive Transparency and Growth in an Uncertain World
By Lucas Wurfbain, Co-CEO, FeedStock. The impact of the Covid-19 pandemic on the asset management industry has been transformative and wide-ranging. Increased market volatility and a large-scale move to remote working environments, alongside the ever-present uncertainty that comes with almost daily changes in government policy are now the new normal. The regulatory environment has also…
EDM Council Launches Cloud Data Management Work Group
Data management trade association the EDM Council this week launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group, with participation from players including Amazon Web Services (AWS), Google Cloud, IBM Cloud, and Microsoft Azure, as well as over 20 prominent financial industry firms. Co-chaired by Morgan Stanley and Refinitiv, project management is provided…
DSB Calls for New Technology Advisors as it Pivots to Address New Data Challenges
The Derivatives Service Bureau (DSB) has had an interesting few years. Founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), in 2019 the group was also designated by the Financial Stability…