Broadridge Makes Strategic Investment in DeepSee to Accelerate AI Post-Trade Automation

Broadridge Financial Solutions has expanded its partnership and made a strategic investment in DeepSee, a US-based company specialising in agentic AI technology. As part of this agreement, Broadridge has acquired a minority ownership stake in DeepSee, and Tom Carey, President of Broadridge Global Technology and Operations, will join the DeepSee Board of Directors. This collaboration represents a significant step in Broadridge’s strategy to utilise harmonised data and AI to optimise global post-trade operations, aiming to accelerate AI transformation across capital markets.

The initial focus of the partnership is the deployment of AI-powered email orchestration, which converts traditional inboxes into intelligent, automated workflows. By embedding AI agents into post-trade processes, the solution automates tasks such as fails research and inventory optimisation, facilitating faster responses and improved compliance. The technology has already been deployed across Broadridge’s Business Process Outsourcing Operations, serving over 60 clients, and is now available for firms to integrate within their own systems via the Broadridge Platform or on a standalone basis.

SimCorp Expands Partnership with MSCI to Integrate Private Market Data

SimCorp has expanded its collaboration with MSCI, providing buy-side firms using the SimCorp One platform with direct access to private market datasets. This integration allows clients to access data at fund, asset, and deal levels, aiming to resolve the fragmentation and inconsistent reporting often associated with private market investments. By aggregating high-quality data within a single platform, the partnership seeks to simplify access to critical investment information.

Building on a 2022 agreement regarding benchmark data, this development introduces access to MSCI’s Private Asset Transparency Data and a managed service for automated document collection. These tools cover nearly 28,000 funds across all private asset classes, offering detailed visibility into historical holdings, performance, and cash flows. This integration supports SimCorp’s broader strategy to manage public and private assets within a unified ecosystem, following the recent launch of SimCorp Alternatives.

FMO Taps Fenergo to Modernise KYC and Onboarding Across Emerging-Market Portfolios

Dutch development bank FMO has selected Fenergo to modernise its client onboarding and know-your-customer operations, as it looks to streamline compliance across a diverse portfolio of investments in emerging markets.

The bank is deploying Fenergo’s client lifecycle management (CLM) platform alongside its Document Agent capability, with the objective of accelerating onboarding timelines, improving transparency, and supporting consistent regulatory oversight across jurisdictions with varying data quality and regulatory maturity.

For development banks such as FMO, KYC is structurally more complex than in many commercial banking environments. Portfolios often span project finance, blended finance, equity investments and long-dated development initiatives, frequently involving counterparties in higher-risk or less digitised markets. That complexity places pressure on onboarding teams to balance robust due diligence with the need to maintain momentum in capital deployment.

Against that backdrop, FMO’s selection of Fenergo reflects a broader shift among regulated institutions towards more industrialised, workflow-driven KYC frameworks that reduce manual effort while preserving auditability. By standardising how documentation is collected, assessed and governed, the bank expects to reduce friction in onboarding while maintaining alignment with supervisory expectations.

According to Friso Schellekens, Director of KYC at FMO, the decision was driven by the need for a platform that could operate effectively across demanding regulatory environments. “Fenergo stood out for its proven ability to handle comprehensive customer due diligence in emerging markets, amid demanding regulatory requirements,” he said. Schellekens added that alignment with FMO’s governance framework was a critical factor, particularly as the bank continues to expand and diversify its portfolio.

From an operational perspective, the implementation is intended to shorten onboarding cycles and free compliance teams from repetitive, document-heavy tasks. Automating elements of document ingestion and lifecycle management allows KYC specialists to focus on higher-risk cases and judgement-based reviews, while generating more consistent data and reporting outputs for internal oversight.

The deployment also signals growing interest among development finance institutions in technology platforms traditionally associated with tier-one commercial banks. While CLM adoption has been well established in large financial institutions, its extension into development banking reflects increasing regulatory scrutiny and rising expectations around transparency, data lineage and audit readiness.

For Fenergo, the engagement marks its first development banking client, extending the platform’s footprint into a segment with distinct regulatory and operational characteristics. Ruth Ormsby, Managing Director for EMEA at Fenergo, described the partnership as aligned with the firm’s longer-term product direction, noting a focus on moving beyond static workflow tools towards more adaptive, intelligence-led compliance systems.

More broadly, the deal underscores a common theme emerging across KYC and client onboarding programmes: the transition from fragmented, manual processes towards end-to-end platforms that can scale across products, geographies and regulatory regimes. As development banks continue to play a central role in financing growth and sustainability initiatives in emerging markets, the ability to combine speed, transparency and regulatory control is becoming a strategic requirement rather than a back-office concern.

Encompass Establishes Executive Advisory Board to Support CDI and KYC Strategy

Encompass has formed an Executive Advisory Board (EAB) as it looks to strengthen the strategic direction of its Corporate Digital Identity (CDI) platform and its application across KYC and compliance workflows. The board is intended to provide senior-level insight as Encompass expands internationally and responds to growing regulatory, data, and technology pressures facing financial institutions.

Rather than a governance body in the formal sense, the EAB is positioned as a source of external challenge and expertise. Its remit spans innovation, customer-centric growth, governance and risk practices, and the practical use of AI in KYC operations, with CDI positioned as the underlying data layer supporting those objectives.

The board is chaired by Doris Honold, who has more than 25 years’ experience in senior leadership roles across global financial institutions, with a focus on transformation, governance, operational resilience, and organisational leadership. Honold has been part of Encompass’s Executive Board since 2021, giving continuity between advisory input and day-to-day strategy.

Alongside Honold, the EAB includes senior industry figures such as David Hudson and Colin Bell, both of whom have held leadership roles at institutions including JP Morgan, HSBC, and Standard Chartered Bank. Collectively, the group brings experience across governance, risk management, compliance, and digital transformation—areas where banks continue to face rising expectations from regulators and supervisors.

From Encompass’s perspective, the board is intended to help the firm anticipate how compliance models are evolving, particularly as institutions look to modernise KYC processes and introduce more automation and AI-driven decisioning. The emphasis is less on product promotion and more on aligning CDI capabilities with how banks actually implement change across operations, data, and control frameworks.

Commenting on the launch, Encompass CEO Wayne Johnson said:

“The launch of the EAB marks a pivotal moment for Encompass and the industry. As financial institutions face unprecedented regulatory and operational challenges, the EAB will ensure we remain at the forefront of innovation.

Leveraging the expertise of global leaders, we can accelerate the adoption of CDI as the essential data foundation for innovation, including AI. By, building trust, improving transparency, and enabling institutions to meet complex KYC requirements with confidence, CDI unlocks the full potential of emerging technologies. This initiative reinforces our mission to deliver transformative solutions that strengthen resilience across the financial ecosystem.”

In practical terms, the EAB will feed into Encompass’s strategic planning by providing market-level insight on where KYC and identity verification are heading, including how regulatory expectations around data quality, explainability, and resilience are likely to develop. This reflects a broader industry shift away from static compliance tooling toward data-driven foundations that can support multiple regulatory and operational use cases.

For Encompass, the creation of the EAB signals an effort to formalise that dialogue with senior practitioners and to ensure its CDI approach remains aligned with real-world implementation challenges faced by global financial institutions.

StoneX Digital Secures CASP Licence Under EU MiCA Regulation

StoneX Digital, a division of StoneX Group Inc. has been granted a Crypto-Asset Service Provider (CASP) licence by the Central Bank of Ireland. This authorisation was issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA) and represents a significant expansion of the firm’s regulated capabilities within the digital asset sector.

Building on its previous operations as a Virtual Asset Service Provider, StoneX Digital will now offer digital asset execution and custody services across the entire European Union. The division, established in June 2022, focuses on servicing institutional and corporate clients requiring secure market access. This new licence allows StoneX to meet the growing demand from financial institutions for regulated, compliant entities to handle their digital asset requirements.

WAMID Launches Advanced Market Analytics Suite in Collaboration with BMLL

WAMID, the technology subsidiary of Saudi Tadawul Group, has launched WAMID Analytics, a new suite of solutions developed in collaboration with data provider BMLL. Designed to assist both local and international market participants, the platform aims to improve transparency, insight, and efficiency across Saudi and global capital markets.

The core of this new offering is the Analytics Dashboard, a cloud-based, no-code platform that provides visualisations of advanced metrics derived from global equity order book data. This tool allows users to analyse market behaviour, liquidity, and execution quality in granular detail. The dashboard features capabilities for comparing trends and benchmarking performance across various time horizons, supporting functions ranging from institutional research to the optimisation of trading strategies.

This launch marks a further step in WAMID’s strategy to drive digital transformation within Saudi Arabia’s financial sector. WAMID Analytics joins the company’s existing portfolio of services, which includes WAMID DataHub, WAMID Newswire, and Co-Location services, expanding its capacity to deliver market intelligence and enhance global connectivity.

B2PRIME Secures Platinum Partnership and Integrates B2TRADER with TradingView

B2PRIME has announced a strategic partnership with the charting and social trading platform TradingView. As part of this collaboration, B2PRIME has been recognised as a Platinum Partner and has completed the integration of its core trading platform, B2TRADER, with the TradingView interface. This development enables clients to place trades directly from TradingView charts, seamlessly bridging the gap between technical analysis and trade execution while leveraging B2PRIME’s liquidity and infrastructure.

The integration provides B2PRIME users with access to TradingView’s extensive suite of analysis tools. Clients can also utilise custom indicators via Pine Script and access a social trading environment that includes expert analysis and economic calendars. By enabling direct execution through this cloud-based platform, the partnership aims to streamline workflows for professional traders across both desktop and mobile devices.

DataCT to Serve as Independent Administrator for New US Consolidated Tape Plan

DataCT, an affiliate of DataBP, has been selected by the Operating Committee of the Consolidated Tape Plan (CT Plan) to serve as its Independent Administrator. Pending final negotiations, the new CT Plan is expected to launch in early 2027 as the unified successor to the three existing US equity market data plans for Tape A, B, and C securities. To comply with SEC independence requirements, DataCT was established as a separate entity with its own governance and management structures, operating under the oversight of the CT Plan Operating Committee.

Mark Schaedel, CEO of DataBP, will serve as Acting CEO of DataCT during the transition period to ensure operational readiness before handing over to a permanent Chief Administrative Officer. DataCT has engaged Deloitte to assist with the transition programme and provide ongoing shared services, although Deloitte will have no role in governance. Responsibilities for the new administrator include subscriber onboarding, licensing, billing, compliance oversight, and coordination with Securities Information Processors (SIPs), replacing the current CTA/CQ and UTP Plan Administrators.

ID-Pal Acquires KYB Specialist NorthRow

Dublin based ID-Pal recently acquired Know Your Business (KYB) specialist NorthRow , extending its identity verification platform to cover both individual and corporate risk within a single compliance framework. The move brings native KYB checks into ID-Pal’s existing KYC and AML offering, responding to growing regulatory pressure for firms to maintain an ongoing view of customer and counterparty risk rather than relying on point-in-time checks.

Founded in 2016, ID-Pal has built its business around AI-enabled identity verification and screening across multiple jurisdictions. The addition of NorthRow’s business verification capabilities allows firms using the platform to verify companies, track changes in ownership or directorship, and monitor corporate status alongside individual identity checks. In practical terms, this creates a consolidated risk view across people and entities, addressing a long-standing gap between KYC and KYB processes.

The deal also reflects broader shifts in compliance operations. Regulatory regimes in the UK, EU and US are placing increasing emphasis on continuous monitoring, particularly in response to reforms such as the US Corporate Transparency Act and tighter UK requirements. At the same time, firms face rising exposure to sanctions risk and increasingly sophisticated forms of document fraud, making fragmented onboarding and monitoring models harder to sustain.

ID-Pal founder and CEO Colum Lyons framed the acquisition in that context, pointing to both regulatory change and evolving threat vectors.

“Alongside co-founders James O’Toole and Robert O’Farrell, ID-Pal was created to support businesses with accurate identity verification built on privacy preservation. As the financial services space becomes more regulated, and with AI-driven document fraud becoming the biggest threat our industry has faced, it is essential that businesses have a unified view of the risks ahead and how to manage them. Our acquisition of NorthRow allows ID-Pal to unify this process within one comprehensive platform that defends businesses against fraud at every entry point and avoids noncompliance fines.”

From a customer perspective, the transaction brings together complementary strengths already used in production environments. Payments provider Caxton, a long-standing NorthRow client, highlighted the operational value of tighter integration between individual and business checks.

“Using NorthRow’s technologies, Caxton has seen first-hand the value they bring to compliance processes. This acquisition is a great step forward by combining their expertise with ID-Pal’s award-winning technology to create a powerful platform for the future. We’re excited to start working with ID-Pal and to benefit from the innovation in KYC and KYB risk intelligence that this partnership will deliver.”

The combined client base spans financial services, government and enterprise organisations, and the acquisition expands ID-Pal’s reach across regulated sectors that increasingly require joined-up identity, business verification and AML controls. NorthRow’s services will continue to operate without interruption, with platform integration planned over time as part of a longer-term product roadmap aimed at improving consistency and user experience across compliance workflows.

Trillium Surveyor Extended for Prediction Markets

Trillium Surveyor has gone live with trade surveillance for prediction markets, positioning the firm’s controls toolkit for a segment that has moved quickly from niche curiosity to a retail-facing, high-velocity “event contract” market.

The backdrop is a fast-evolving regulatory perimeter. US event contracts that are listed as derivatives on registered venues sit within the CFTC’s DCM regime, but the expansion into sports-style contracts has sharpened the fault line with state gaming authorities. A series of state cease-and-desist actions against sports-style event contracts (including in Nevada and New Jersey) has triggered litigation over pre-emption and jurisdiction, with at least one recent federal ruling in Nevada siding with state gaming authorities rather than the platform’s federal-only argument.

At the federal level, the CFTC has signalled heightened scrutiny of “gaming” style contracts through proposed rulemaking updates to its event contracts rule (CFTC Rule 40.11), designed to clarify when an event contract involves enumerated activities and when it may be deemed contrary to the public interest. In parallel, the regulator has shown it can intervene tactically: Reuters reported that Robinhood rolled back Super Bowl-related event contracts following a CFTC request in February 2025.

Enforcement history has also shaped market structure. In January 2022, the CFTC ordered Blockratize, Inc. (doing business as Polymarket) to pay a $1.4 million penalty for offering off-exchange event-based binary options and failing to register appropriately, underscoring that “event contracts” are not a regulatory free pass. More recently, the CFTC issued an Amended Order of Designation for QCX LLC d/b/a Polymarket US (a designated contract market), supporting an intermediated, regulated market-access model.

It is into this environment that Trillium is extending Surveyor. The firm says prediction markets trade differently from traditional markets because outcomes are binary and event-anchored (sports, elections, economic releases), with trading intensity and risk concentrating as events near resolution. Trillium says Surveyor’s new coverage supports market abuse monitoring and market integrity and follows prior platform expansions into digital assets and extended trading hours.

Melissa Watras, Director of Product at Trillium Surveyor, said: “We invest ahead of market shifts so oversight is in place before new markets scale.”