JUMP Adds SIX ESG and Sanctions Data to Investment Management Platform

SIX and JUMP Technology, provider of a modular investment management platform, have extended a 10-year partnership in order to provide users of the JUMP platform with greater access to SIX data. JUMP offers advanced connectors to the SIX data feed, allowing users to automatically plug in and collect a wide variety of financial data provided by SIX, including securities characteristics, daily prices, intra-day prices, issuer master files, corporate actions, and look-through data. The 10-year anniversary extends coverage of the connector to include SIX ESG data and data related to sanctioned securities monitoring.

Synechron Partners Differential Privacy Solutions Provider LeapYear to Help Clients Monetise Data

Digital transformation consultancy Synechron has partnered LeapYear Technologies to accelerate the use of ‘differential privacy’ solutions that Synechron can provide to its banking, asset management, insurance, and stock exchange clients. LeapYear unlocks commercial value from large-scale data in a mathematically proven, scalable, rigorous, and anonymised way.

The companies have developed a proof of concept and can now help financial services firms get value from their data with ironclad protection of the source. Sandeep Kumar, managing director, innovations, at Synechron, says: “Firms can monetise the vast amounts of data they collect. The data can be collectively leveraged to derive analytics and valuable insights, while keeping individuals, clients and institutions private.”

Ishaan Nerurkar, CEO at LeapYear Technologies, adds: “Our solutions allow enterprises to break down silos, form data partnerships, and maximise the commercial impact of their franchise data.”

EY Survey Shows Growing Demand for Consistent ESG Reporting Standards

A survey by professional services giant EY Assurance has found that three quarters of financial leaders want to see more consistent ESG reporting standards and that they must be mandatory. A similar proportion of the 1,000 executives interviewed said that ESG was a “significant part of their role” – up from two-thirds in the poll last year. Nevertheless around a third of respondents said that there was a lack of real-time data and information with long-term value. And almost a quarter said there was a “disconnect” between reporting ESG and mainstream financial information. “There is no doubt that the drive towards improved sustainability reporting is gaining momentum… but there is a steep mountain to climb,” said Marie-Laure Delarue, EY Global Vice Chair.

Moody’s Expands ESG Credit Ratings to More Industries

Moody’s Investors Service has widened its coverage of ESG credit risk scores to industries including oil and gas, utilities, semiconductors and financial services. The rating company offers issuer profile scores for 1,700 borrowers including companies, nations and regional entities, measuring their exposure to ESG-related risks. It also provides credit impact scores, which give an indication of the impact those ESG measures have on an issuer’s credit rating. Each gauge is expressed on a five-point scale.

Leveraged Finance Investors Call for More Loans ESG Data

European investors in leveraged finance instruments have called for more sustainability data on the securities. The European Leveraged Finance Association (ELFA) has urged vendors to do more to increase transparency into the asset class. The organisation said vendors covered no more than 10 per cent of leveraged loans. That compares with up to 79 per cent coverage of investment grade borrowers.

NeoXam Partners Data Management Consultancy Soranus

NeoXam continues to extend its partner portfolio with the addition of a strategic agreement with Soranus, a data management consultancy. The agreement is designed to support client implementation projects of the company’s DataHub across Switzerland and Liechtenstein.

Arteria AI Acquires H4 to Further Develop Digital Documentation Solution

Arteria AI, a provider of enterprise digital documentation, has agreed to acquire certain financial services assets of H4, a lifecycle management platform. H4’s chairman and co-founder Joe Seifert will join Arteria AI’s team as a senior advisor. Arteria AI, a Deloitte spin off, works with large banks to accelerate client documentation processes at scale. From document generation to signature, the company uses context-specific AI, data, analytics and automation to allow stakeholders across the bank to serve clients more quickly.

Supply Chain ESG Solution Launched by Sustainalytics

Sustainalytics has created Corporate Supply Chain ESG Solutions, a service that will enable clients to gauge the sustainability of companies in their supply chains. The Morningstar unit said the offering would help many industries assess, report and mitigate their ESG risks. The product is delivered through Sustainlytics’ ESG Assessment Platform and draws on the Amsterdam-based company’s huge data pools and its ESG Risk Ratings product.

APAA ESG Risk Guide Stops Short of Mandatory Disclosures

The Australian Prudential Regulatory Authority has become the latest overseer to issue a guidance on banks’ management of climate risks in their portfolios. While its latest guidance offers advice on how institutions should approach the issue, it does not advocate mandatory ESG disclosures. Instead, the regulator said lenders should consider whether other “voluntary disclosures could be beneficial in enhancing transparency and giving confidence to the wider market”.

Banks, Institutions Back ESG Book’s Free Data Project

An alliance of global banks, institutions and investors has launched ESG Book, a free source of information that its creators say will make sustainability data a public good. Companies will be able to freely access the data lake to help them report on their own ESG records and financial institutions will be able to use it to gauge the sustainability of their portfolios. ESG Book will be hosted on a platform built by Frankfurt-based data vendor Arabesque. We’ll be following up with more details on this one soon!