ProCredit Selects Teciem’s Kondor Up for Group-Wide Treasury Operations

ProCredit group has selected Teciem’s Kondor Up treasury platform to support funding, liquidity management, trading and risk processes across its international banking network.

The group operates ten development-focused commercial banks in South Eastern and Eastern Europe. ProCredit Holding also oversees capital adequacy, regulatory reporting and risk management across the network.

Kondor Up will provide front-to-back treasury capabilities through a cloud-native operating model. ProCredit plans to deploy the platform across the group while adapting it to country-specific operating and regulatory requirements.

The implementation is intended to increase automation and give ProCredit the flexibility to introduce products across its banking operations. The release does not specify which treasury processes the group will automate first.

“The platform’s front-to-back treasury capabilities will help us drive greater automation across our operations while providing flexibility to support new products, broaden our offering and underpin our future growth ambitions,” said Christian Dagrosa, management board member and chief financial officer at ProCredit Holding.

Kondor Up builds on the existing Kondor treasury and risk management system. Teciem said the new version combines that functionality with a cloud architecture designed to support faster implementation, scalability and continuing software updates.

The platform will operate in a single-tenant environment and use Kubernetes-based infrastructure. Teciem said this approach supports data segregation, resilience and scalability.

Circle’s Arc Layer 1 Blockchain Goes Live

Circle has executed the public mainnet launch of Arc, an open Layer 1 blockchain specifically engineered for financial markets, real-time money movement, and AI-driven economic activity. The new platform debuts with native integration into Circle’s full-stack infrastructure, which features the USDC stablecoin.

Arc distinguishes itself from traditional blockchains through several core design choices intended to power mainstream on-chain finance. Notably, network transaction fees are paid directly in USDC rather than a volatile native token. The blockchain also features instant, sub-second finality, opt-in privacy controls for confidential balances, and post-quantum cryptographic signatures.

Furthermore, it is uniquely built from genesis to support AI agents acting as economic entities, building on the Circle Agent Stack where USDC already commands 98.8% of agent-driven transaction volume.

To secure and operate the network, Circle has assembled a founding validator cohort composed of a number of influential entities in global finance. The lineup includes BlackRock, DTCC, Galaxy Digital, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, Visa and Worldpay.

Rather than merely connecting to the platform, these institutions will actively participate in the network’s deterministic consensus, ensuring Arc meets rigorous institutional security and regulatory standards from day one.

Standard Chartered and LMAX Group Expand Partnership to Include Digital Asset Custody in Luxembourg and DIFC

Standard Chartered Bank has expanded its partnership with LMAX Group to deliver digital asset custody and settlement services across Europe and the Middle East. Under the dual-jurisdiction agreement, the bank will provide secure custody infrastructure through its Dubai Financial Services Authority-regulated branch in the Dubai International Financial Centre and Standard Chartered Luxembourg. This expansion allows LMAX Group to leverage regulated custody solutions across two key international financial hubs to support its growing institutional client base.

The arrangement marks a significant milestone for the bank following its Markets in Crypto-Assets (MiCA) authorisation in June. LMAX has officially become the first client to onboard Standard Chartered Luxembourg’s newly authorised digital asset custody platform. This regulatory alignment ensures that institutional clients can operate seamlessly within a trusted, compliant framework across different jurisdictions.

This development builds upon a successful collaboration established between the two firms earlier in the year. In July, the companies executed the industry’s first live digital asset prime brokerage trades by combining Standard Chartered’s banking and credit capabilities with LMAX Group’s institutional market infrastructure. The expanded custody agreement represents the next step in creating a fully connected, bank-grade digital asset ecosystem for global institutional investors.

VoxSmart Unifies Communications Compliance Workflows in VX1

VoxSmart has launched VX1, a communications compliance platform that brings mobile capture, surveillance, investigations, archiving, alert detection and voice transcription into a single interface.

The platform is designed for investment banks, hedge funds and asset managers monitoring communications across voice, mobile and digital channels. The announcement cites WhatsApp and Bloomberg chat among the sources contributing to growing data volumes and fragmented compliance processes.

VX1 consolidates communications data and workflows that may otherwise sit across separate capture, surveillance and investigation systems. VoxSmart said this unified approach will help compliance teams investigate communications linked to potentially suspicious trading activity.

The platform also embeds artificial intelligence (AI) within alert management and investigation workflows. VoxSmart describes its approach as human-led: AI can help analysts summarise, prioritise and investigate alerts, while people retain responsibility for compliance decisions.

“Firms are already seeing the greatest value from AI when it helps analysts summarise, prioritise and investigate alerts more effectively, rather than attempting to replace their judgement,” said Oliver Blower, chief executive officer of VoxSmart.

VoxSmart argues that bringing capture, communications data and investigation workflows together provides a more complete foundation for AI-assisted surveillance. Fragmented data could leave models and analysts working from an incomplete record, even where the surveillance technology itself is sophisticated.

“When communications are fragmented across different channels and systems, firms risk building increasingly sophisticated surveillance on top of incomplete foundation,” Blower said. “VX1 brings that data and those workflows together, giving firms the visibility and control they need to use AI confidently, while ensuring every decision remains explainable and accountable to a human.”

Shield Connects Live Surveillance Alerts to Enterprise AI Tools with MCP

Shield has made its Model Context Protocol (MCP) Server generally available, allowing authorised compliance teams to query live surveillance alerts through supported enterprise AI tools. Claude is the first supported AI environment, with further integrations planned.

The server provides a permissioned, read-only route between an AI interface and Shield Surveillance. Shield remains the system of record, while each request inherits the user’s existing access rights. This prevents the AI tool from exposing alerts that the user is not authorised to view.

Users can query alert information across the communications channels and data sources captured by Shield. Available information includes alert volumes, service-level agreement status, risk scores, ownership and investigation status. The server can return data in structured formats and visualise it within supported AI environments.

A compliance officer could ask the AI tool to identify the week’s highest-risk alerts or break down the alert queue by status and reviewer workload. The user does not need to leave the AI interface or open a separate Shield assistant to retrieve the information.

The release extends Shield’s existing governance of AI communications. Its platform already captures and monitors interactions conducted through AI tools. The MCP Server adds access in the other direction by making Shield’s surveillance information available within approved AI environments.

“The future is not another proprietary compliance assistant,” said Tamar Sharir Beiser, chief product officer at Shield. She said firms should be able to bring their existing compliance platforms and intelligence into their chosen AI environments under governed access.

The first release is limited to alert information and does not permit users or AI tools to change records or initiate actions. Shield plans to extend the connection to search, case management and communications review. Later releases are also expected to support workflow actions.

Shield cited research showing that integration remains an obstacle to enterprise AI adoption. The company’s approach uses the open MCP standard to connect AI tools with an established surveillance platform while retaining existing permissions and controls. For compliance teams, the implementation separates access through an AI interface from control over the underlying surveillance record.

Bank of Canada Selects CanDeal DNA for Fixed Income Pricing

The Bank of Canada has selected CanDeal Data & Analytics (DNA) to provide Canadian dollar-denominated fixed income pricing under a multi-year agreement. The central bank will use CanDeal DNA Reference Pricing across operational activities, market analysis, research, policy development and risk management. The agreement also allows Government of Canada benchmark bond yields derived from CanDeal DNA data to be published on the Bank of Canada website.

The pricing data will support the Bank’s monetary policy, financial system and funds management functions, including its use of the Canadian Collateral Management Service (CCMS).

The Bank’s participation in the CCMS tri-party service is intended to improve the efficiency and scalability of collateral management and liquidity provision, particularly during periods of market-wide stress. CanDeal DNA provides Canadian OTC market data and said the agreement gives the Bank access to its full universe of reference pricing.

IEX Launches Revenue-Sharing Programme for Market Data Vendors

IEX has launched a vendor partnership programme offering revenue-sharing incentives to firms that help distribute its direct US equities market data. Under the programme, participating market data, connectivity, infrastructure and application providers will be eligible for incentives linked to qualifying new client subscriptions to IEX data products. Eligible feeds include IEX TOPS, IEX DEEP and IEX DEEP+.

The initiative is designed to encourage vendors to support direct IEX feeds by providing more attractive and predictable commercial incentives, while making its data easier for market participants to discover, access and integrate.

IEX accounted for approximately 4% of overall US equity trading volume and nearly 8% of exchange-traded volume during the second quarter of 2026.

Ninety One Adopts Fenergo for KYC, Due Diligence, Transaction Monitoring

Fenergo has been selected by investment manager Ninety One to supply its client lifecycle management and financial crime operations platform as part of a digital transformation programme.

The unified platform will merge Know Your Customer procedures, due diligence, transaction monitoring and automation across South Africa, the UK, and Luxembourg.

The decision forms part of Ninety One’s investment in a model to simplify lifecycle management, increase financial crime controls, and reduce disconnected systems across its £184 billion asset portfolio.

Cora Kielblock, head of global operations at Ninety One, said: “Fenergo’s industry expertise, continued innovation and long-term investment in its platform made it the right strategic partner to support our ambitions.”

The phased rollout will automate operational work, accelerate decision-making, and expand upon Fenergo’s existing partnerships with global financial institutions.

Creand Selects NeoXam GP4 Fund Accounting Platform for Wealth Unit

Creand Wealth & Securities, the Luxembourg-based asset servicing and wealth management banking arm of Creand Group, has chosen NeoXam GP4 as its fund accounting platform for private assets.

The agreement sees Creand Wealth & Securities replace its existing system to consolidate the administration of both traditional and alternative funds onto a single platform.

The decision follows growth in fund administration activity and the requirement to process private market valuation structures.

“NeoXam GP4 lets us run our traditional and alternative funds on one platform, handle the complexity of private assets, and produce Lux GAAP, US GAAP and IFRS figures from a single source,” said Sébastien Leleu, chief strategy officer at Creand Wealth & Securities.

The platform will be deployed on-premises, centralising workflows and supporting multiple accounting standards before going live prior to the end of the year.
Charles Sayac, managing director for Continental Europe at NeoXam, said the deal establishes a reference for private assets managed on the software, extending an existing relationship between the two firms.

GLEIF Signs eMudhra as Validator for Indian LEI Issuer

EMudhra, a global provider of digital identity, authentication, and trust services, has been appointed as a Validation Agent of Legal Entity Identifier India Limited (LEIL) in the Global Legal Entity Identifier System by the Global Legal Entity Identifier Foundation (GLEIF).

The partnership will enable eMudhra to embed Legal Entity Identifier (LEI) application and renewal services directly into established customer onboarding and identity verification processes.

Legal Entity Identifier India is the only issuer recognised by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act.

Kaushik Srinivasan, co-founder of eMudhra, said: “Becoming a Validation Agent of LEIL in the Global LEI System is a natural extension of eMudhra’s role as a trusted Certifying Authority.”

The integration will enable organisations across India to fulfil regulatory identity requirements while reducing the need to complete separate verification checks. India became the jurisdiction with the highest number of active LEIs in January following a master direction issued by the Reserve Bank of India (RBI).