Trading Technologies to Launch Direct Connectivity to National Stock Exchange of India

Trading Technologies International, Inc. (TT) plans to provide clients with direct connectivity to the National Stock Exchange of India (NSE) in 2026. This initiative follows a rise in demand from both domestic and international institutional clients seeking access to Indian markets. As an officially empaneled vendor of the NSE, TT has formalised an agreement to establish a direct presence within the exchange’s co-location data centre.

The integration will allow market participants to access the NSE through TT’s existing platform, which processed over 3 billion derivatives transactions in 2025. Users will be able to utilise the full suite of TT’s institutional-grade tools, including execution algorithms, automated spreading, and advanced charting. This move further expands the platform’s multi-asset capabilities, building on its recent recognition as a leading global provider of futures and options technology.

FINBOURNE Technology and Alkymi Partner to Launch Private Credit Risk Monitoring Solution

FINBOURNE Technology and Alkymi have formed a strategic partnership to provide an integrated credit risk monitoring solution specifically for the private credit industry. The collaboration combines Alkymi’s AI-powered document ingestion platform with FINBOURNE’s data management and analytics capabilities. The solution aims to help asset managers, lenders, and asset owners proactively identify emerging risks and improve operational control across complex portfolios.

The partnership addresses the limitations of traditional, manual credit monitoring, which often fails to detect issues until a covenant breach or default occurs. By automating the processing of borrower documents and financial data, the system allows for the early detection of deteriorating credit quality. Alkymi’s technology automates document verification and compliance tracking, while FINBOURNE provides a unified data environment that ensures bi-temporal accuracy and eliminates the need for manual reconciliation across front, middle, and back-office functions.

This integrated approach creates a single source of truth for investment operations, offering full auditability and flexible data models to support diverse credit structures. By streamlining the flow of financial metrics and covenant monitoring, the joint solution enhances transparency and enables more informed decision-making for private credit exposures.

Steubing AG Selects xyt as Next-Generation Transaction Cost Analysis Provider

Steubing AG, the German independent securities trading bank, has appointed capital markets data analytics firm xyt to provide its next-generation Transaction Cost Analysis (TCA). The decision follows a comprehensive evaluation and successful proof of concept, where xyt was chosen for its data quality regarding addressable volume and its ability to provide flexible benchmarking.

Under the new partnership, Steubing AG will integrate xyt’s analytics across its diverse trading activities, covering bonds, certificates, warrants, and listed stocks. The platform will provide pre-trade cost estimates for single stocks and portfolio baskets via API, alongside customised TCA reporting for institutional clients. This integration is designed to support the bank’s Integrated Orderflow Management (IOM) and Designated Sponsoring services.

By adopting xyt for TCA, Steubing AG aims to improve execution quality analysis and market impact measurement, and deliver higher levels of transparency to its institutional client base through more precise data insights and professional customer service.

Study Prompts TRG Screen Data Spend ROI Calculator

Data subscription management technology provider TRG Screen has released an interactive tool to model cost savings and efficiency gains.

The innovation builds on the findings of a study by research firm Hobson & Company that found firms that adopt purpose-built market data management technology saw triple-digit ROI, and reduced market data spend by an average of 10% and reference data spend by 25%.

Based on those findings, TRG Screen built its interactive ROI calculator, enabling firms to study their own data spend and identify where savings can be made.

“”This independent research validates what we see across our client base every day,” said TRG Screen chief customer strategy officer Nadine Scott. “When firms gain end-to-end visibility and control, the impact shows up quickly in reduced spend, reclaimed time and lower risk.”

TransferMate Completes Global Rollout of Vivox AI’s Next Generation KYB Automation

TransferMate has completed the global rollout of Vivox AI’s automation platform for Know Your Business (KYB), embedding explainable AI agents into its onboarding and due diligence workflows.

The move follows a period of expansion across Asia Pacific and other regions, where rising onboarding volumes placed pressure on compliance operations. For a payments infrastructure provider operating across multiple jurisdictions, scaling customer due diligence without weakening control standards is a structural challenge rather than a temporary one.

TransferMate states it operates 100 licences and serves customers across APAC, the Americas and Europe. As it enters new markets, the firm sought to standardise KYB processes, accelerate review cycles and maintain alignment with evolving regulatory expectations across jurisdictions.

Vivox AI’s platform is designed to analyse up to 100 complex corporate documents and registries per case, identify ultimate beneficial owners, shareholders and directors, perform sanctions, politically exposed person (PEP) and adverse media screening, and produce complete customer due diligence (CDD) or enhanced due diligence (EDD) reports. It supports onboarding across more than 100 countries and can process multiple document formats, including large files and lower-quality images.

Under the hood, the system orchestrates workflow using an ensemble of specialised models, more than 24 integrated verification and screening APIs, and over 35 AI models. The architecture is positioned as delivering consistency and auditability across the KYB lifecycle – attributes that have become central to supervisory scrutiny of AI use in regulated environments.

A notable element of the deployment is a self-learning AI agent operating within Vivox AI’s governance framework. During the first two weeks of live production, the system incorporated structured feedback from TransferMate’s senior analysts. According to the firms, the quality approval rate of AI-generated outcomes increased from approximately 60% to around 80% over that period, indicating measurable improvement through human-in-the-loop calibration rather than autonomous optimisation.

Governance configuration formed part of the implementation. Vivox AI aligned its control modules with TransferMate’s internal policies and procedures, embedding evaluation against defined risk, quality, explainability and oversight criteria. This reflects a broader industry shift, where institutions are expected not only to deploy AI, but to demonstrate how models are monitored, constrained and reviewed.

“We operate in a fast-moving regulatory landscape, and maintaining compliance excellence is fundamental to how we scale,” said Alex Clements, Global Head of AML at TransferMate. “As we expand into new regions, we must increase onboarding capacity without compromising the rigour of our due diligence processes. Vivox AI has enabled us to compress timelines significantly while enhancing the depth, consistency and auditability of every review. Crucially, it augments our compliance team while keeping humans firmly in the loop.”

Vivox AI framed the project as evidence that structured AI deployment can align with supervisory expectations. “TransferMate’s implementation demonstrates how responsible, transparent AI can deliver measurable impact at scale,” said Tim Khamzin, Founder and CEO of Vivox AI. “The deployment aligns with evolving regulatory expectations, from the EU AI Act to recent FCA and Singaporean frameworks, while maintaining strong governance and auditability across jurisdictions. Their ability to move rapidly from planning to full operational use reflects a strong adoption culture and a clear vision for how AI agents can empower compliance teams.”

For TransferMate, audit defensibility remains a key consideration. “The level of detail in Vivox’s AI governance framework gives me confidence that we can demonstrate robust controls during audits and regulatory inspections relating to AI use,” added Clements.

The rollout signals a wider recalibration in regulated financial services: AI is increasingly being deployed not simply to reduce manual workload, but to reshape how compliance operating models absorb growth. Independent AI assurance is expected to complement the deployment, providing external validation of safety, governance and regulatory alignment as supervisory focus on AI intensifies.

CUBE Acquires Silicon Valley RegTech, 4CRisk, Delivering Next Generation Compliance and Risk Mapping Automation

CUBE has expanded its regulatory technology footprint with the acquisition of 4CRisk.ai, a Silicon Valley-based RegTech focused on AI-driven policy and control mapping. The move brings together CUBE’s Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) capabilities with 4CRisk’s agentic AI platform, which maps corporate policies and procedures directly to regulatory obligations, controls and risk frameworks.

Founded in 2019, 4CRisk built a platform designed to analyse internal documentation at a granular level and align it to external regulatory requirements. Its architecture is underpinned by proprietary Specialised Language Models (SLMs) trained on regulatory compliance and risk source material. Combined with its AI compliance CoPilot, Ask ARIA, the platform automates the translation of regulatory text into structured obligations and mapped controls. The company has positioned this approach as delivering results “up to fifty times faster than equivalent manual processes”, reflecting the persistent industry challenge of resource-intensive policy reviews and control attestations.

For CUBE, the acquisition extends its offering beyond regulatory change identification into automated impact assessment across enterprise governance frameworks. The combined proposition links regulatory horizon scanning with structured mapping to policies, procedures and controls, reducing the manual interpretation that typically sits between compliance monitoring and operational execution. The 4CRisk team, located across the US, India and the UK, will join CUBE’s global workforce of AI engineers and regulatory specialists.

Ben Richmond, Founder & CEO of CUBE, framed the transaction as an extension of the firm’s existing strategy: “CUBE is the strategic partner of choice for the world’s leading financially regulated organisations for both their financial and non-financial compliance and risk requirements. 4CRisk extends our reach in adjacent corporate regulatory domains and enables our RegPlatform customers to move from understanding regulatory changes to fully automating the mapping to internal governance frameworks. This is a natural extension of our capabilities and a meaningful step forward in helping our customers manage their compliance and risk more effectively across the enterprise.”

He added that the acquisition reflects the pace of AI development emerging from the US technology sector: “The pace of AI innovation coming out of Silicon Valley is remarkable, and 4CRisk is a great example of that. They’ve built an incredible platform and the team behind it will be instrumental in helping us further accelerate innovation for our customers.”

Jefferies Selects TS Imagine to Power Fixed Income Outsourced Trading

Global investment banking firm Jefferies has adopted TS Imagine’s integrated order and execution management platform. This partnership aims to enhance Jefferies’ Fixed Income Outsourced Trading offering by unifying trading, portfolio management, and risk oversight within a single, scalable infrastructure.

The end-to-end solution is designed to streamline complex workflows and improve execution quality across diverse fixed income markets. By consolidating advanced execution tools with robust portfolio and risk analytics, the platform allows for more effective monitoring and real-time connectivity between trading strategies and market intelligence.

By leveraging TS Imagine’s integrated architecture, Jefferies seeks to maximise global trading opportunities and provide sustainable value to its clients through enhanced risk oversight and operational efficiency.

Standard Chartered and LSEG Partner for Enterprise Data and Analytics Consolidation

LSEG has entered into a multi-year agreement with Standard Chartered to provide the bank with enterprise-scale access to multi-asset class data, news, and analytics. The collaboration focuses on delivering a unified data environment with consistent rights management across the organisation’s global footprint.

The agreement is designed to enhance Standard Chartered’s operating model by consolidating market data access into a single framework. By improving data lineage and cataloguing, the bank aims to streamline its governance and entitlement processes. This integrated approach ensures that data usage remains compliant with evolving regulatory requirements while strengthening internal auditability and control.

By implementing these front-to-back workflows, the bank can better support its markets, risk, finance, and wealth divisions. The partnership facilitates more efficient data delivery, enabling the bank to provide faster, data-driven client experiences. This strategic move leverages the global reach of both franchises to improve operational speed and consistency across the bank’s international network.

TNS Enhances Data Usage Optimizer With New Interactive Customer Portal

Transaction Network Services (TNS) has launched an interactive customer portal for its Data Usage Optimizer (DUO) platform, providing buy-side and sell-side firms with on-demand tools to manage market data expenses. This update follows the initial 2024 launch of DUO and aims to simplify the process of identifying unused subscriptions. By converting complex vendor entitlement files into an actionable dashboard, the portal allows financial institutions to pinpoint and eliminate unnecessary costs more efficiently.

The new interface offers a centralised, global view of data expenditure across multiple office locations. Key features include independent file uploading for immediate reporting, advanced filtering by user or feed, and customisable cost modelling that accounts for specific contract pricing and regional fee variations. These tools are designed to turn raw data into an actionable list for immediate cost reduction, moving away from manual, time-consuming analysis.

In one instance, TNS identified monthly savings of $60,000 for a global bank by highlighting redundant data feeds.

FactSet Incorporates Kepler Cheuvreux AMR

FactSet has announced a partnership to integrate Kepler Cheuvreux’s aftermarket research (AMR) into its systems, incorporating equity research covering 1,000 stocks across 34 sectors into the FactSet interface.

The integration includes artificial intelligence tools to summarise and contextualise European equity data for users, the financial digital platform provider said.

Kendra Brown, Senior Vice President at FactSet, stated that the partnership strengthens the platform’s position through the largest independent research footprint in Europe.

The service adds to an existing repository containing reports from 1,800 brokers including Barclays and Deutsche Bank. AMR solutions provide financial professionals with historical and current analysis to assist with investment decision-making.