Singapore Regulator Frames AI Risk Reduction Guidelines

The Monetary Authority of Singapore (MAS), the city-state’s financial regulator, has issued a consultation paper proposing guidelines on artificial intelligence risk management for financial institutions.

The proposals apply to all financial institutions and set out expectations on oversight of AI risk management, systems, policies, procedures, life cycle controls and capabilities. These guidelines follow MAS’ supervisory review of banks’ AI use in 2024 and discussions with institutions.

Ho Hern Shin, Deputy Managing Director, said: “The proposed Guidelines on AI Risk Management provide financial institutions with clear supervisory expectations to support them in leveraging AI in their operations.”

LakeFusion Closes Funding Round to Expand AI MDM Offering to Financial Sector

AI-native master data management platform LakeFusion said it has closed its seed funding round after raising an undisclosed amount.

The investment was led by Carbide Ventures and will support the Austin, Texas-based firm’s expansion into sectors including financial services, real estate and healthcare.

The funding round underscores the demand for modern approaches to trusted data as enterprises increase their reliance on artificial intelligence.

“Our platform brings intelligence, scalability and simplicity to enterprise data,” said Vikas Punna, founder and chief executive of LakeFusion.

ESG Risk Platform GreenFi Raises $2m in Seed Investment

GreenFi, an ESG compliance risk management platform, said it has raised $2 million in a seed funding round that was led by Transition VC, India’s first energy transition-focused venture fund.

The cash injection will be deployed to expand the company’s distribution network and presence across key markets.

GreenFi uses artificial intelligence and language models to automate due diligence and reporting for compliance, which traditionally requires manual workflows.

GreenFi founder Barun Chandran said the company is building AI agents to enable teams to extract insights and streamline workflows.

FactSet Wins Market Data Supply Contract with TD Wealth in Canada

FactSet has began a multi-year contract to provide market data to TD Wealth in Canada.

The agreement installs FactSet Workstations for Private Wealth Management and TD Direct Investing employees nationwide. It also utilises FactSet content feeds and APIs to power the retail client portals in Canada. The deal is expected to enable simpler, faster execution across the businesses.

“Access to high-quality market data helps our colleagues simplify how they work and deliver faster for clients,” said Wallace Barbour, associate vice president, solutions and enablement at TD Wealth.

Acuity’s Agent Fleet Offers S&P Capital IQ Data

Acuity Knowledge Partners, which provides research and AI services to financial institutions, is integrating S&P Capital IQ data into its Agent Fleet platform.

The collaboration brings company intelligence, financials, estimates, transactions and professional data into the Agent Fleet platform. This enhanced offering builds on a foundation of more than 10 years during which Acuity has worked with S&P Global Market Intelligence.

“This integration deepens our decade-long collaboration with S&P Global Market Intelligence and demonstrates the strength of our work together,” said Cameron Allan, Global Partnerships Lead at Acuity.

Bloomberg Adds 20 Hamilton Lane Private Markets Indices

Bloomberg has added 20 closed-end fund performance indices compiled by Hamilton Lane, a private markets investment firm, to its services.

The indices will provide investors with data tools to evaluate and compare performance across asset classes. This collection of indices covers more than 7,000 funds and builds on decades of proprietary fund and deal-level data.

“By making our indices available on Bloomberg, we are delivering a transparent, standardised view of private markets performance that helps investors analyse strategies, benchmark results, and make better-informed investment decisions, all within their existing workflow,” said Griff Norville, head of technology solutions at Pennsylvania-based Hamilton Lane.

Denominator Buys Equileap to Form Gender, Human Capital Data Giant

Denominator, a provider in social and human capital data, announced its acquisition of Equileap, a gender equality and diversity data company.
The merger expands the combined company’s ability to deliver transparent and actionable insights to investors and corporations globally. The integrated offering expands Equileap’s data reach from 6,000 to 5.5 million public and private companies.

ISS STOXX Unveils Real Asset Climate Data Products

ISS Sustainability Solutions, the sustainable investment business of ISS STOXX, has launched its suite of Real Asset Climate Solutions.

The product harnesses Physical Risk, Carbon Footprint, and Scenario Alignment analyses with geospatial asset-level data to support risk identification and management. The new offering is designed to identify and mitigate environmental risks to their raw assets portfolio.

The solutions are powered by the company’s acquisition of Sust Global, a geospatial artificial intelligence platform, utilising the Geospatial Asset Analytics offering for real assets.

ISS STOXX Head of Sustainability Business Till Jung said: “Physical and transition risks from climate change are accelerating and are a financial consideration for investors, banks, and insurers.”

Identifiers Body GLEIF Opens Office in Shanghai

The Global Legal Entity Identifier Foundation (GLEIF), a non-profit managing the LEI system, has established a representative office in China’s Shanghai Lin-gang Special Area.

The expansion supports demand for the Legal Entity Identifier (LEI) and the verifiable LEI (vLEI) across the region. China is a key part of the Global LEI System, following a 2020 People’s Bank of China roadmap that integrated the LEI into payment systems and digital certificates.

Alexandre Kech, chief executive of GLEIF said: “China is at the forefront in demonstrating the important role that trusted, digital organisational identity can play in breaking down the trust and transparency barriers that inhibit global trade flows.”

Diligent to Offer Persefoni Sustainability Compliance Tools

Diligent, which provides governance, risk and compliance SaaS solutions, has announced a strategic partnership with Persefoni AI enabling clients to use the sustainability data management provider’s tools to comply with ESG regulations.

Diligent will transition its carbon accounting clients to Persefoni’s platform and take an equity position in the company. Persefoni, is a.

This agreement follows the introduction of the EU’s Corporate Sustainability Reporting Directive and the adoption of the International Sustainability Standards Board ESG disclosures framework.

“Persefoni’s advanced technology, compelling roadmap, and top-tier NPS among sustainability vendors makes them the ideal partner for us,” said Amanda Carty, general manager, compliance at Diligent.