Datactics Secures £1.2m Seed Funding

Belfast software solutions provider Datactics has raised £1.2m from the Bank of Ireland Kernel Capital Growth Fund (NI) in its second round of funding, completing a package commenced in 2018.

“Seldom does a day go by where the possibilities of machine learning aren’t being discussed, and everything we are hearing from industry agrees that any successful use of this technology will rely on fast access to perfected data,” said CEO Stuart Harvey. “This has been our sweet spot since we were founded, and in which we’ve been investing continuously throughout the six years I have been involved at Datactics.”

Comyno and REGIS-TR Join Forces

German tech consultancy Comyno has partnered with Luxembourg trade repository REGIS-TR to provide an integrated SFTR solution with straight-through processing for mutual clients. The alliance will connect Comyno’s C-ONE SFTR solution to REGIS-TR’s test environment, offering clients early validation and testing in advance of implementation.

Calypso Teams Up With IHS Markit on SFTR

San Francisco-based software application provider Calypso Technology has partnered with IHS Markit to offer seamless connectivity for SFTR reporting, from the booking of the trade through to the trade repository, providing a comprehensive end-to-end view of the reporting. Common clients will benefit from a single interface to the trade repositories of their choice, with data validation, enrichment and pre-reconciliation to ISO 20022 format performed en-route.

IHS Markit Partners With Cappitech

IHS Markit has partnered with regulatory reporting and intelligence solutions provider Cappitech to deliver its SFTR solution via Cappitech’s reporting platform Capptivate. The alliance aims to automate and streamline transaction reporting to trade repositories for all securities finance instruments. It will also support out-of-the-box MiFID II reporting for additional instruments that will be in scope when SFTR goes live.

ESMA to Hold Hearing on SFTR Reporting

The European Securities and Markets Authority (ESMA) will hold an open hearing on its consultation paper published on May 27, 2019 on draft Guidelines for the reporting under the Securities Financing Transactions Regulation (SFTR). The hearing will take place on July 15, 2019 at the ESMA headquarters in Paris.

SIX FinTech Ventures Takes Stake in PXL Vision

SIX FinTech Ventures has acquired a stake in PXL Vision, a Zurich-based start-up offering solutions for online user verification. The company’s Daego solution supports the automatic creation and administration of secure digital identities. It is designed to help companies avoid physical verification processes when onboarding customers, reduce costs and provide a positive experience. The company has established itself in the Swiss market and is focusing on going global.

DTCC Sets SFTR Testing Date

DTCC is scheduled to launch its first phase of SFTR testing for third-party partners in August, ahead of the regulation’s go-live date of April 2020.

Broadridge Introduces Change Management Service for SFTR

Broadridge Financial Solutions has introduced a change management service to help companies design target operating models that are compliant with Securities Financing Transactions Regulation (SFTR). The service provides a blueprint for front-to-back changes to overall architecture, organisational structure, business processes and location strategy. The company is also offering project management, business analysis and testing support to augment internal project teams. Broadridge says the time is now to define operating models to meet reporting deadlines and avoid increases in costs and operational risk. Firms must also resolve questions around areas such as data sources, exception management and reporting vendor services.

Fenergo Enters Taiwanese Market in Tie Up with TUNG-I

Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail. As an exclusive client lifecycle management partner (CLM), Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to Know Your Customer (KYC) and Anti-Money-Laundering (AML) capabilities. TUNG-I will provide local support, maintenance and implementation of Fenergo’s CLM solutions. The partnership is a response to recent evaluations by the Asia/Pacific Group, an inter-governmental organisation, which aims to prevent money laundering related crimes in the region.

eXate enables ‘Privacy by Design’ in OpenFin OS

Desktop interoperability platform OpenFin has added eXate’s data privacy capabilities to its operating system to ensure compliance with the EU’s GDPR, which came into force a year ago and requires that new applications are designed with privacy considerations factored in from the outset, a so-called ‘privacy by design’ approach.  eXate restricts data only to authorised users based on customisable policies set by compliance and legal teams. Says eXate CEO Peter Lancos: “Application developers building on OpenFin now have a central ‘out of the box’ utility to manage end-to-end data privacy and protection, allowing them to focus their efforts on delivering business value instead of needing to become regulatory experts.”