Purple Group Launches Fintech Infrastructure Platform Hello Purple

Purple Group has launched Hello Purple, a fintech infrastructure platform designed to simplify the development and launch of financial products by providing access to technology and regulated financial capabilities.

Built on infrastructure developed across Purple Group’s existing fintech businesses, the platform brings together services spanning payments, trading and embedded finance. It targets entrepreneurs, developers and companies that would otherwise need to integrate multiple technology and payments providers and navigate potentially lengthy regulatory processes.

The platform is intended to give users access to financial infrastructure and capabilities that have traditionally required significant investment and specialist expertise, potentially reducing the barriers to bringing new fintech products to market. Alongside the infrastructure platform, Hello Purple will publish research into agentic finance, including testing of development tools, case studies of products built using the platform and analysis of the emerging ecosystem.

SOLVE Expands Fixed Income Data and Trading Workflow Tools

SOLVE has introduced a series of enhancements to its fixed income platform, spanning TRACE market data, structured credit workflows and relative value analytics. The new TRACE Data Product Suite brings reported trade activity into SOLVE’s MBS Source workflow alongside collateral characteristics, historical offers, BWIC results and other security-level information. Coverage includes agency and non-agency MBS and CMOs, ABS and CMBS.

SOLVE has also enhanced its BWIC Monitor to help structured credit desks manage multiple live bid processes. New features include shared security-level statuses, change tracking and inline notes, combined with dealer inventory, historical quotes and predictive pricing.

Further enhancements to SOLVE’s Relative Value Analysis provide persistent access to user-created and SOLVE-provided analyses within its Quotes platform. Users can also filter dealer axe indications by timeframe, side and source. The updates are designed to connect fixed income data, analytics and trading workflows more closely and reduce the need to move between systems.

FutureSports and MLB Pave Way for Team Performance Futures

FutureSports has agreed with Major League Baseball (MLB) to create rules-based financial indexes tracking the performance of each of the league’s 30 teams, potentially providing the basis for a new class of sports-related derivatives. Under the agreement, MLB will supply Official League Data for the creation of CME FutureSports Performance Indexes (FSPI). CME Group plans to list weekly, monthly and quarterly cash-settled futures based on the benchmarks, subject to regulatory review.

The play-by-play indexes will measure teams’ cumulative performance and are intended to provide instruments for both investment and hedging, including management of financial exposures linked to the business of professional baseball. FutureSports will independently determine, calculate and govern the indexes using transparent, rules-based methodologies. MLB will have no role in those processes.

FutureSports has previously developed similar indexes based on NHL team performance, with CME planning futures contracts linked to those benchmarks.

Smartstream Updates Reconciliation Service with Agentic AI

Smartstream is to introduce a new version of its Smart Reconciliations Premium updated with agentic artificial intelligence that investigates, progresses and resolves reconciliation exceptions autonomously under centralised governance.

This development follows market pressures such as compressed settlement cycles and rising audit expectations, the data solutions provider for financial institutions and enterprises said.

“This release puts AI underneath that foundation rather than beside it, so the platform no longer simply records and matches: it investigates, reasons, resolves, and learns, within boundaries our clients set and can evidence,” said Thomas Steinborn, chief product and technology officer at Smartstream

The release reduces total cost of ownership by 25% and increases throughput by 50% on existing hardware. It is built on four core principles – governance, return on investment, integration and trust – and follows previous versions that process more than 10 billion transactions monthly for global banks.

RCM Extends Use of NeoXam Services top Croatian Unit

NeoXam has extended its NeoXam Manager and NeoXam Compliance platforms to Raiffeisen Capital Management’s Croation unit Podružnica Hrvatska za upravljanje fondovima.

The deployment provides the Croatian branch with a platform for portfolio management and pre- and post-trade compliance monitoring, the software provider said.

The extension builds on a partnership with Raiffeisen Capital Management, one of Austria’s largest asset managers, which has used NeoXam Manager and NeoXam Compliance across its Austrian operations.

“Our long-standing relationship with NeoXam and our positive experience with both NeoXam Manager and NeoXam Compliance made the extension to our Croatian operations a natural step,” said Harald Frodl, head of fund services at Raiffeisen Capital Management.

The modular architecture of NeoXam Manager allows organisations to adjust functionality for specific market requirements while operating on a shared technology framework across entities.

The compliance software automates portfolio monitoring processes in accordance with regulatory, client, and internal investment parameters.

Farming Insurer NFU Mutual Adopts Bloomberg and Clearwater Investment Tech

UK rural insurance specialist NFU Mutual has selected Bloomberg Buy-side Solutions alongside the Clearwater platform to update its investment operating model.

The insurer that manages $32 billion in assets, will deploy the combined technology to standardise its front-to-back multi-asset investment processes.

Under the arrangement, Bloomberg provides portfolio management, trading, pre-trade compliance and trade operations, while Clearwater Analytics delivers investment operations and investment accounting.

Nigel Bryan, head of financial control at NFU Mutual said: “By adopting Bloomberg and Clearwater’s integrated solutions, we are building an automated and highly flexible end-to-end operating model that strengthens our control environment, streamlines processes and builds a solid data foundation for our investment reporting.”

The platform automates order generation, execution, matching, settlement and post-trade processing, while supporting transition workflows for T+1 settlement readiness.

Both providers also support the insurer’s regulatory reporting requirements, building on Bloomberg’s existing post-trade, risk and compliance tools.

Pension, Insurance Company Velliv Signs to Curium SaaS

Curium Data Systems, a data management technology and services provider, said pension and insurance company Velliv has migrated to the Curium SaaS platform.

The migration transfers platform operations, environment monitoring and application performance oversight to the vendor while the client retains internal data management controls.

The transition aligns with the pension provider’s broader strategy to use specialist providers for cloud operations.

The platform is powered through a partnership with Cloud Direct to provide continuous support and automated testing environment updates. The flexible operational model allows clients to adjust vendor input over time, following previous software deployments across asset management firms. Software as a service platforms deliver cloud-hosted application access over internet networks.

Semarchy Moves into Self-Service Intelligent Data Products Space

Semarchy is now providing self-service intelligent data products that deliver mastered data alongside built-in context, reasoning and governance for consumption by human teams, software agents and enterprise applications.
Built on the company’s platform, the products automate schema and model generation while creating dedicated servers to allow artificial intelligence assistants to query enterprise datasets safely.

“Enterprises are about to spend years engineering a context layer for AI. What we keep finding is that designing a data product IS building that context layers,” said Semarchy chief technology officer Craig Gravina.

The release also introduces unified interface tools for data stewards and application developers to browse metadata, data lineage and API documentation. This expansion follows previous updates to the platform, including the launch of a Snowflake connected application and integrations with cloud data platforms.

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.