Capco Partners Pyramid Analytics to Simplify Decision Making

Capco, a Wipro technology and management consultancy dedicated to financial services, has partnered Pyramid Analytics, a business analytics and decision intelligence platform provider, to help financial institutions simplify decision-making through AI-augmented, automated, and collaborative insights. The partnership brings together Capco’s financial services experience and expertise in data and analytics with Pyramid’s strategic, enterprise-wide approach to business intelligence. Pyramid’s Decision Intelligence Platform offers a low-code/no-code solution to data preparation, business analytics, data science, and machine learning, empowering faster, more intelligent decisions.

Decision Makers Turn to Cloud-Based Data Management

Some 59% of senior managers and directors in financial services are using cloud-based data for portfolio management. Additional use cases include risk management, collateral management and internal data marketplaces, according to research commissioned by Alveo and conducted in April among investment managers, asset owners, banks and insurance companies across the UK, US and Asia-Pacific.

With growth in cloud commitment continuing, the research noted that many firms are adopting a range of cloud-based data practices, with 56% carrying out new internal application development using cloud native components and architecture, and 34% rearchitecting existing internal applications.

Quantexa Invests Additional £125 Million in AI

Quantexa, a provider of decision intelligence solutions, plans to invest an additional £125 million in AI over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations. In line with the investment, the company has previewed its generative AI technology, Q Assist, and says it will further develop its AI stack to offer industry-specific use cases for sectors including financial services.

Crux Expands Data Partnership with Databricks

Crux, a data integration, transformation, and observability solution, has expanded its partnership with Databricks by adding pre-integration services to its existing Partner Connect integration. The company has worked with its data provider network to make a total of 75 data sources available for consumption in the Databricks Marketplace. With this expansion, a large number of paid financial datasets on Databricks Marketplace are powered by Crux.

Canoe Adds Apliqo Performance Management and Business Planning to Partner Programme

Canoe Intelligence, a provider of alternative investment processes for institutional investors and wealth managers, has added Apliqo, a software provider of advanced performance management and business planning to its partner programme. Based in Zurich, Apliqo offers LP Portfolio Management, an intuitive and dynamic analytics platform for private market investors. Using Canoe’s open APIs, Apliqo pulls documents and data collected, categorised, extracted, and validated by Canoe into its system for aggregation, analysis, and reporting.

ISS ESG to Update Cyber Risk Score Model

ISS ESG is to tweak the model behind its recently launched Cyber Risk Score to make it easier to identify “good” and “bad” scores.

“The ability for this model to differentiate ‘goods’ from ‘bads’ by discerning forward-looking risk, is a key differentiator in the market,” the company said. The new version, 5.0, also updates its Incident Type Likelihood ranking of potential cyber breaches.

Many companies are including cybersecurity within their ESG processes because they recognise that protection of personal and corporate data falls within the social and governance pillars.

The sustainable investment arm of Institutional Shareholder Services, which launched the service earlier this year, said the enhancements would be rolled out by the end of July.

Financial Services and Markets Act 2023 Makes Progress with Royal Ascent

The Financial Services and Markets Act 2023 has received royal ascent on route to delivering the UK Government’s vision of growing the economy and creating an open, sustainable, and technologically advanced financial services sector. Post-Brexit, the act tailors financial services regulation to fit UK markets and is expected to increase UK competitiveness as a global financial centre and deliver better outcomes for consumers and businesses.

New powers include reforms to Solvency II, which are calculated to unlock around £100 billion for investment, and secondary objectives for the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to facilitate the growth and international competitiveness of the UK economy. This will be backed up by changes to enhance the scrutiny and accountability of the regulators, including ensuring regular reporting and a greater focus on cost-benefit analyses.

Confluence Sets Out on AI Journey with Reconciliation Solution

Confluence Technologies, a technology solutions provider to the investment management industry, has announced the first development from its innovation lab that leverages AI technology to solve complex industry problems. Confluence Unity Rex applies large language models (LLMs) to solve reconciliation challenges from the SEC’s Tailored Shareholder Reports (TSR). It mines and pinpoints discrepancies in language and numeric information between financial reports and the TSR, delivering efficiency and cost savings in the reconciliation process.

S&P Global Market Intelligence Adds Loan Pricing and Analytics to Capital IQ Pro

S&P Global Market Intelligence, a provider of information services and solutions to global markets, has added loan pricing, analytics and liquidity measures to its S&P Capital IQ Pro platform. This is the latest enhancement resulting from S&P Global’s merger with IHS Markit in 2022.

Informatics Makes Intelligent Data Management Cloud Available in Japan via AWS

Informatica has made its Intelligent Data Management Cloud (IDMC) platform available in Japan via AWS Asia Pacific (Tokyo) Region. The platform is expected to support customers in data-led cloud modernisation journeys, and enable them to manage, access, and accelerate data transformation for business insights, while complying with data residency requirements in the country.

Informatica’s IDMC is a comprehensive cloud-native data management platform that enables enterprises to visualise, analyse and collaborate with their data regardless of location or platform. Powered by CLAIRE, the company’s AI metadata-driven engine, IDMC helps organisations accelerate innovation and increase productivity at scale. IDMC on AWS Asia Pacific (Tokyo) Region can be accessed through the AWS Marketplace.