Euroclear Bank Enhances Collateral Management with Taskize Integration

Euroclear Bank’s Collateral Management Services has adopted Taskize, the platform for investment operations collaboration, to streamline query resolution. The integration with Taskize, along with its support for email and Symphony Messaging, aims to simplify communication across various technologies, and improve efficiency in managing collateral-related tasks.

Taskize creates a unified ecosystem where stakeholders can exchange information, negotiate, and finalise deals in real time. This integration enables front-office traders and other users to maintain updated collateral sets and adjust workflows to suit counterparty preferences with fewer resources. Communication is continuous and centralised, involving both Euroclear as the tri-party agent and trading counterparties through Symphony Messaging integration.

S&P Global Extends ESG Data Offering with Snowflake

A new public and private entity ESG data service is available to clients of S&P Global Market Intelligence on the Snowflake platform, extending a tie-up between the two companies.

Part of S&P Global’s Enterprise Data Management (EDM) Insights Platform, the Global Entity Linking and ESG Data Management Services offering enables clients to clean and map ESG data to traded entities and then subject it to artificial intelligence-led analytics and models on Snowflake’s AI Data Cloud.

The companies said this gives a “unique” view of clients’ entities, hierarchies and linked reference data.

The new tool will “effectively manage the vast volumes associated with sustainability data while offering our clients the flexibility to quickly and seamlessly onboard and integrate new data sources”, said Vikas Sahni, Head of Software for Enterprise Solutions at S&P Global.

The latest innovation from S&P Global and Snowflake is among a number of products and services that vendors are offering as they seek to meet growing demand from financial institutions for private as well as public entity data. Volatility in equity markets and narrowing spreads on once-illiquid fixed-income assets has prompted investors to seek higher returns in alternative assets, such as private equity and credit.

Alternative markets are more opaque than the public markets in which institutions have hitherto largely operated, forcing them to retool their data operations to source intel on companies, funds and lenders. Data on private companies is also often lacking the lineage and metadata to link it to reference and other datasets.

The Global Entity Linking and ESG Data Management Services builds on a collaboration between the two companies forged in 2020 when S&P Global announced that its financial, textual, ESG and alternative data would be made available through Snowflake.

Thai Identity Tech Firm Finema Named Latest Asian Virtual GLEIF Issuer

Finema, a Thailand-based digital identity technology company, has become the first Southeast Asian issuer of the Global Legal Entity Identifier Foundation’s verifiable Legal Entity Identifiers (vLEI).

As a Qualified vLEI Issuer, Finema will be responsible for providing the digital equivalent of GLEIF’s ISO-recognised identity recognition and validation certifier to participating companies in the region.

The vLEI is a virtual identifier that is attached to participating companies and people associated with them, enabling investors and counterpanes to establish a trust-based relationship safe in the knowledge that the organisation is who it claims to be.

Finema is the latest Asian QVI to be announced by GLEIF, following the appointment of China Financial Certification Authority (CFCA) as the first such body in China. GLEIF chief executive Alexandre Kech told Data Management Insight earlier this year that the Basel, Switzerland-based not-for-profit would focus on expanding in Asia as it seeks to bring transparency and trust to often opaque markets.

“Sweeping digitalisation across the global economy provides unprecedented opportunities and incentives to transform the underlying systems organisations use to trust and be trusted,” Kech said after the Finema announcement. “This will free international capital flows and unlock access to the unlimited opportunities of the global market.”

SIX Builds API to Accelerate Database and Security Master Updates

SIX, the data aggregator and operator of financial exchanges in Switzerland and Spain, has launched a new API to accelerate the update of databases and security masters.

The faster data transfer system is designed to enable clients to access and process larger volumes of information, reducing the total cost of data ownership, the Zurich-based organisation said.

The SIX Bulk API is built to ensure market participants have the most up-to-date data to better inform investment, trading, banking, risk management and compliance decision making and reduce processing times from hours to minutes.

Data is delivered through the API in JSON format and can be integrated into multi-threaded Python- or Java-based applications, SIX said in a statement.

“The launch of SIX Bulk API marks a significant milestone in our commitment to innovation and excellence in financial data management,” said SIX Head of Product Development Henk D’Hoore.

“It allows our customer to gain instant access to large data sets and supports super-fast initial load and delta deliveries into their security masters. Financial institutions who wish to move away from traditional file transfer services can now take full control by opting for SIX Bulk API instead.”

GoldenSource Leads Australian Pension Fund’s Digital Transformation

GoldenSource has built an investment data management infrastructure for Australia’s Aware Super, one of the country’s largest superannuation funds, providing the enterprise data management company with a foothold in a country that is forecast to become the world’s second-largest pension market.

Under the first phase of the so-called Project Odin, GoldenSource has deployed its SaaS-based EDM platform as the foundation for a digital transformation of the fund, which oversees the equivalent of US$120 billion in assets.

Operation Odin has also included the integration of the fund’s performance, attribution analytics and reporting tool.

It has been designed to enable the fund to meet an anticipated growth in investment. The Australian pension market was valued at $2.6 trillion in 2024, according to Willis Towers Watson.

“Partnering with GoldenSource has produced the strong foundations of a sophisticated data platform which will not only enable us to stay competitive in a fast-evolving landscape, but maintain our focus on returning the strongest possible risk-adjusted returns for our 1.15 million members,” Michael Clavin, Aware Super Head of Income and Markets and sponsor of Project Odin, said in a statement.

ION to Support Day-One Connectivity to MIAX Futures’ New Onyx Platform

ION is to provide seamless, day-one connectivity to MIAX Futures’ new matching engine, Onyx, as the exchange transitions its Minneapolis Hard Red Spring Wheat (HRSW) Futures from CME Globex in Q2 2025. This support ensures that users of ION’s cleared derivatives front-office trading platform will have immediate access to execution and clearing services on the new system.

Additionally, ION will enable trading of MIAX Futures’ upcoming Bloomberg 500 (B500) Index futures, anticipated for launch in the second half of 2025, subject to regulatory approval by the Commodity Futures Trading Commission (CFTC). Onyx, developed using proprietary MIAX technology, is designed to power trading in both agricultural and financial futures and options across various markets.

Cboe Clear Europe Launches Central Clearing for European Securities Financing Transactions

Cboe Global Markets has announced that Cboe Clear Europe has begun clearing European Securities Financing Transactions (SFTs), marking a significant step in its strategy to expand as a multi-asset class clearing house. The initial cleared trades involved Natixis Corporate & Investment Banking as Principal Lender and JP Morgan as Borrower. This new service transitions SFTs in European equities and ETFs from a bilateral to a centrally cleared model, aiming to improve capital efficiency and support market growth.

The platform leverages the infrastructure of Cboe Clear Europe, the largest pan-European cash equities clearing house. Key features include the use of BNY and JP Morgan as Tri-Party Collateral Agents and Pirum for trade instruction management. The service covers settlement across 19 European CSDs and is designed to reduce capital burdens under regulations such as CSDR, SFTR, and Basel IV. Additional benefits include cross-margining efficiencies, streamlined settlement, and enhanced operational practices.

Quincy Data Launches Ultra-Low Latency Transatlantic Signal Feeds for CME Market Data

Quincy Data has launched new Transatlantic Signal Feeds delivering critical CME market data to London, Frankfurt, and Mumbai. The service is designed to provide real-time insights into major trade events for CME futures instruments, with a one-way latency of under 24 milliseconds from Aurora, Illinois to the Slough-LD4 data centre in the UK. This positions Quincy’s service as one of the fastest available for global price discovery.

Quincy Data categorises its offerings into three types: Snapshot Feeds for normalised global data distribution, Raw Feeds optimised for high-capacity wireless use, and Signal Feeds focused on speed for remote market access. All services are offered on an equal-access basis, maintaining fairness for all subscribers.

Flagright Secures $4.3M to Expand AI-Native AML Platform and Global Footprint

As financial crime grows increasingly sophisticated—with deepfake scams and AI-powered fraud on the rise—compliance teams face mounting pressure to match that pace of innovation. One startup, Flagright, is doing just that by building a full-stack AML compliance platform powered natively by artificial intelligence.

Co-founded in 2022 by Baran Ozkan and Madhu Nadig, Flagright has raised $4.3 million in seed funding to expand its AI agent capabilities and support international growth. The round was led by Frontline Ventures, with backing from prominent angel investors, including former executives from Zalando, Revolut, GoCardless, and others.

AI is now implicated in a significant portion of financial scams. A high-profile incident in Hong Kong saw an employee wire $25 million to fraudsters following a convincing deepfake video call. Reports suggest fintech-related deepfake incidents surged by 700% in 2023. Against this backdrop, Flagright has positioned itself as a counterweight to such threats by embedding AI at the heart of its compliance tools.

“We were really early-stage when the boom in AI came into effect, meaning we could implement AI-native solutions from the very start,” said co-founder Baran Ozkan. “It is true that bad actors in financial crime are finding new ways of using AI all the time, which is what makes the work Flagright is doing so important.”

Initially focused on real-time transaction monitoring, the company has since evolved into a full-featured AML operating system. Today, Flagright serves over 50 clients across six continents, offering tools like dynamic risk scoring, automated case management, and AML screening, all built on a high-availability infrastructure with real-time processing.

Client feedback suggests measurable operational gains. Tom Jennings, CEO of B4B Payments, noted: “By integrating Flagright’s AI-native compliance platform, we have enhanced our fraud detection and AML monitoring capabilities. This allows us to proactively identify and mitigate risks, ensuring a safe and secure environment for our customers while upholding the highest standards of compliance.”

The funding will also support the expansion of Flagright’s AI Forensics tools, which the company claims have already reduced false positives by up to 93% and cut operational costs by 80%. These tools are being developed into a broader product family targeting key areas such as governance, screening, monitoring, and quality assurance.

In parallel, Flagright is ramping up its global presence. The company is expanding operations in New York and San Francisco and has recently opened an EMEA headquarters in London to complement its teams in Berlin, Singapore, and Bangalore. These moves are designed to support customers around the clock and build stronger relationships with financial institutions across regions.

Will Prendergast, Partner at Frontline Ventures, explained the rationale for their continued backing: “During our research with financial institutions before Frontline’s initial investment in Flagright, we kept hearing how Flagright had outperformed other companies—we believe they will be the compliance platform category winner, making them a perfect fit for Frontline.”

As financial institutions prepare for an AI-driven future, Flagright’s latest funding and roadmap underscore a growing trend: compliance isn’t just keeping up with fraudsters—it’s using the same tools to get ahead.

FinCEN Trims CTA with Interim Rule

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that significantly alters the reporting requirements under the Corporate Transparency Act (CTA). This rule exempts U.S.-based entities, previously classified as “domestic reporting companies,” from the obligation to report beneficial ownership information (BOI) to FinCEN. Consequently, these domestic entities are no longer required to submit, update, or correct BOI reports. The focus now shifts to “foreign reporting companies,” defined as entities formed under foreign laws but registered to do business in the United States. These foreign entities are still required to report BOI, but the rule extends their filing deadline by 30 days from the rule’s publication date— to April 20, providing additional time for compliance. Notably, foreign reporting companies are exempted from reporting BOI of any U.S. persons who are beneficial owners, and U.S. persons are not required to provide such information to these foreign entities.

This interim rule comes after a period of legal uncertainty surrounding the CTA’s implementation. Previously, court orders had halted BOI reporting requirements between December 3, 2024, and February 18, 2025. With the issuance of this rule, FinCEN has clarified the current obligations, emphasizing that domestic entities are exempt from reporting, while foreign entities must comply within the specified timeframe. FinCEN is accepting public comments on this interim rule and intends to issue a final rule later this year. Entities affected by these changes should review the interim rule in detail and consider submitting comments to FinCEN during the open period.