Derivatives Service Bureau Sets Timeline for 2022 OTC ISIN Consultation

The Derivatives Service Bureau (DSB) has set out the timeline for the 2022 industry consultation related to 2023 OTC ISIN and CFI service provision. The OTC ISIN consultation paper will be published on 29 April 2022, with industry being able to respond until 5pm UTC on 30 May 2022. The final results of the consultation will be published on 30 June 2022. The full timeline is available on the DSB’s website.

GLEIF Releases ebook The vLEI: Introducing Digital I.D. for Legal Entities Everywhere

The Global Legal Entity Identifier Foundation (GLEIF) has released an ebook, The vLEI: Introducing Digital I.D. for Legal Entities Everywhere. The ebook promotes use of the verifiable LEI (vLEI), which supports digitised organisational identity to meet global interest in automated authentication and verification of legal entities across industries including financial services.

The ebook presents an overview of the vLEI trust ecosystem, explains how the vLEI works, and explores the trust chain that safeguards the integrity of the system. It also describes how the Key Event Receipt Infrastructure (KERI) protocol, which supports a decentralised identify system, enables vLEI interoperability with all technology models.

Coriolis Tests Supply-Chain ESG Scoring Tool

Trade and supply-chain data provider Coriolis Technologies has begun trials of an automated ESG scoring tool that measures entity, supply-chain and jurisdiction performance against United Nations Sustainable Development Goals. The pilot, undertaken by 40 organisations under the banner of the Kosmos Working Group, seeks to develop standardised ESG scoring criteria, solutions, and methodologies.

S&P Global and IHS Markit Close $44 Billion Merger

S&P Global and IHS Markit have finalised their merger, a little more than a year since it was formally announced December 2020 and following regulatory approval for the companies to close the deal from the UK’s Competition and Markets Authority and the European Commission. The $44 billion merger, the biggest ever seen in capital markets, has created a financial data and analytics powerhouse that will benefit from increased scale, a wider product portfolio and a focus on high value adjacencies including ESG.

Bank of England and FCA Artificial Intelligence Public-Private Forum Publishes Final Report

The Bank of England and Financial Conduct Authority’s Artificial Intelligence Public-Private Forum (AIPPF), which was set up in October 2020 to share information and understand the practical challenges of using AI within financial services, has published its final report.

The report focuses on three areas of potential risk in AI systems – data, model risk, and governance – and explores barriers to adoption, challenges and risks in each of the areas. It also considers how to address these barriers and challenges, and mitigate potential risks, and provides examples of best practice. Ultimately, it aims to advance collective understanding and promote further discussion among academics, practitioners and regulators to support safe adoption of AI in financial services.

GoldenSource to Host FactSet ESG Data

Data provider FactSet’s content has been made available on GoldenSource’s ESG Impact service. Netherlands-based GoldenSource will in turn be listed in Factset’s Open: FactSet Marketplace, where more than 200 feeds, APIs and other products vie for the eyes of financial institutions. FactSet’s Tuvalu Labs ESG data will be included in the feed, which GoldenSource will combine with fundamental and reference data in its sustainability-focused EDM product.

Refinitiv AI Alerts Provide Actionable Market Insights for Financial Professionals

Refinitiv, an LSEG business, has launched Refinitiv AI Alerts, a market data powered intelligent assistant available in Microsoft Teams. The solution provides personalised, timely and actionable market insights for financial professionals including asset managers, investment bankers, analysts, wealth managers, and traders. It has been built in collaboration with ModuleQ, a leader in human-centered AI, with user specific content suggestions and alerts driven by ModuleQ’s proprietary algorithms and Refinitiv’s Intelligent Tagging service, the whole linked back to Refinitiv Eikon and Workspace for deeper analysis and action.

Refinitiv AI Alerts is the latest solution to be launched as part of Refinitiv’s collaboration on financial services with Microsoft, announced in 2020. Andrea Remyn Stone, group head, data and analytics at LSEG, says: “Microsoft Teams has become an indispensable platform for professionals across financial services, with institutions accelerating their adoption, and increasingly integrating critical data and tools into the platform to simplify the workflow and user experience. Refinitiv AI Alerts brings critical content and insights to Refinitiv’s customer base within this platform, with the goal of allowing users to discover and act on timely information across Teams, Refinitiv solutions and Microsoft 365 seamlessly.”

DTCC Adds Treasury Kinetics, Makes Data Services Available in Snowflake Data Marketplace

DTCC has released DTCC Treasury Kinetics, a service providing access to US treasury transaction data and increasing transparency into the repurchase agreement (repo) market. Using data from the government securities division of DTCC subsidiary Fixed Income Clearing Corporation, the service provides a daily summary of aggregated and anonymised trade activity including number of trades, volumes, dollar amounts and rates for delivery vs. payment repo. The service also provides historical data dating back to 2011, allowing users to back-test current repo data against historical events.

DTCC Treasury Kinetics is the latest service in the firm’s ongoing effort to deliver data that helps clients better navigate market uncertainty. DTCC is working to expand access to Treasury Kinetics and other data services products by making them available on cloud-based marketplaces, beginning with Snowflake Data Marketplace, which is expected to be available in the first quarter of 2022.

Trulioo Enhances Digital Onboarding with Acquisition of HelloFlow

Trulioo, a provider of global identity verification, has acquired HelloFlow, a no-code, drag-and-drop builder of client onboarding, monitoring and digital workflow solutions. The acquisition accelerates the delivery of a single end-to-end identity platform by combining Trulioo GlobalGateway, a data and identity services network for both business and individual verification, with a suite of orchestration, onboarding workflow and risk management capabilities. While optimising onboarding workflows, the platform also ensures compliance with KYC, AML and other regulatory and fraud prevention requirements.

JPM Digs in the Dirt for Supply-Chain Risk Data

JP Morgan Asset Management will soon be using soil analysis data among other forensic sources to calculate supply-chain risk to its investments. As part of the effort, the investment arm of the New York-based banking giant has reportedly hired a third-party vendor to examining soil samples to discover the sources of cotton used by clothing companies. The bank is trialling the use of forensic data after attempts to source similarly granular information using AI proved unsatisfactory.