TradingTech Insight Blogs The latest content from across the platform
Santander Selects ThetaRay’s AML Solution to Boost Data Lineage Capabilities
Banco Santander has joined forces with ThetaRay, a provider of AI-based big data analytics, to utilise its AML solution for correspondent banking. The rules-free solution uses machine learning algorithms to identify anomalies in SWIFT and KYC data that point to money laundering, enabling early resolution. The system will analyse the bank’s SWIFT traffic, risk indicators…
Fenergo Launches New Client Lifecycle Management Solution
Digital transformation specialist Fenergo has streamlined its existing client lifecycle management (CLM) solution to make it more accessible for mid-tier and boutique businesses. Fen-Xcelerate, powered by Amazon Web Services (AWS) is a lower cost, cloud-based version of the firm’s flagship CLM product. Integrated with partners including Salesforce, Refinitiv’s World-Check One, RDC, and DocuSign, the solution also supports integration with…
Using Artificial Intelligence to Know Your Customers, not your Criminals
By Hugo Chamberlain, smartKYC. How can just searching for ‘adverse media’ on your customer mean you are getting to ‘know’ them at all? In this article we ask, are we really harnessing the full power of KYC technologies? With an abundance of mounting regulations, it is only natural that Know Your Customer screening has been…
Nebula Graph Database Raises $8 Million in Series Pre-A Funding
VEsoft, the developer of the open-source Nebula Graph database, this week successfully closed $8 million in a series pre-A funding round led by Redpoint China Ventures and supported by existing angel investor Matrix Partners China. The funding will be used for additional product development and to bring Nebula Graph to market in North America, Europe,…
Barclays Looks to the Future with OpenFin Trading Desk Transformation
Barclays had a problem. It wanted to revamp its BARX single-dealer, cross-asset electronic trading platform to incorporate integrated analytics: avoiding the complexity of an additional standalone application but still adapting to the rapidly changing user needs of the current, complex trading environment. The answer? An innovative collaboration with OpenFin, an industry-wide operating system in which…
Crunch Time for RegTech Providers and FI Adopters
While the coronavirus pandemic has slowed the rate of innovation in capital markets, it has also highlighted a need for change that is expected to be driven by both the capabilities of RegTech providers and the acknowledgement by financial institutions that they must embrace innovation to resolve external client pain points and internal inefficiencies. These…
Quantifind and OpenCorporates Expand Partnership to Fight Financial Crime
Quantifind, a software company providing solutions that boost the effectiveness and efficiency of anti-money laundering (AML) and fraud investigations, has expanded its collaboration with OpenCorporates, the largest open database of companies in the world. Building on their existing partnership, Quantifind plans to integrate the complete OpenCorporates database of more than 180 million companies from over 130…
Societe Generale Luxembourg Taps big xyt for Execution Analysis
Societe Generale Luxembourg has deployed big xyt’s execution analytics platform at its multi-asset trading operation, which provides execution services to the French bank’s wealth management department and other investment management services aimed at high-net-worth investors. According to Mark Montgomery, head of strategy and business development at big xyt, Societe Generale’s use of the analytics platform focuses on its equity…
OMD Launches European Composite Tick Database
Tick data management specialist OneMarketData has released a European Composite Trade & Quote (ECTQ) Database, which aggregates data from 33 exchanges, multilateral trading facilities (MTFs) and dark pools. The offering is aimed at providing financial institutions with the data they need to perform transaction cost analysis (TCA) in support of the best execution and other regulatory obligations….
Goldman Sachs Invests in Data Security with $50m jSonar Stake
Database security platform jSonar has closed a $50 million investment from Goldman Sachs in its first institutional round of funding. The firm focuses on managing database risk, which has historically been plagued by high costs and output, often limited to a basic set of compliance reports. With the adoption of the cloud and the dynamic landscape of…