Connamara Technologies Introduces Bilateral Matching Support to EP3 Platform

Connamara Technologies has announced that its EP3 exchange, clearing, and surveillance platform now supports bilateral matching. This enhancement enables market operators to establish trading venues where transactions are governed by bilateral counterparty agreements rather than central clearing. The capability is designed to assist global customers in meeting regulatory requirements for bilateral trading while expanding the range of market structures supported by the platform.

Unlike centrally cleared venues, bilateral markets require order matching to account for specific contractual terms and notional limits between counterparties. EP3’s new matching algorithm validates these agreements in real time during the matching process to determine whether incoming orders are eligible for execution.

The update introduces API endpoints for managing bilateral terms, participant-specific market data displaying tailored executable quantities, and configurable matching algorithms on a per-instrument basis. It also features automatic bilateral limit adjustments tied to real-time trade clearing, further reinforcing EP3’s modular and extensible architecture.

Greenwich Dealing Selects eflow and xyt to Bolster Trade Surveillance and Execution Oversight

Geneva-based buy-side outsourced dealing provider Greenwich Dealing has selected regulatory solutions from eflow and xyt to enhance oversight across its execution activity and compliance processes. Managing relationships with over 150 brokers, investment banks, and alternative platforms globally, Greenwich Dealing delivers execution services alongside pre- and post-trade guidance to institutional investors.

The firm adopted the combined technology to strengthen control over execution quality, broker performance, and regulatory compliance. This decision follows increasing regulatory pressure for transparency around broker selection and trade surveillance rationale. Supported by shared alignment under the Finch Capital portfolio, eflow delivers trade surveillance across dealing operations, while xyt provides tick-level transaction cost analysis across more than 120 global venues.

Together, the platforms enable Greenwich Dealing to monitor execution quality with regulatory assurance and conduct data-driven broker performance analyses tailored to individual client reporting requirements under MiFID II.

Visa Launches Platform for Stablecoins; Predicts They Will Power Agentic Micro-Commerce

Visa has launched the Visa Stablecoin Platform, an enterprise initiative that will bring stablecoin services to more than 200 million Visa-affiliated merchants. The platform, which is currently available to select beta users, initially supports Circle’s USDC and Paxos’ USDG stablecoins. In the future it will also work with the planned Open USD stablecoin from the Open Standard consortia, of which Visa is a leading founding member.

Separately, in conjunction with analytics firm Artemis, Visa has released a report which predicts that stablecoins will power micro-commerce in the emerging agentic economy. Micro commerce relates to low-value transactions that take place autonomously between AI agents and software applications without any direct human instigation.

US and UK Governments Establish Shared Regulatory Principles for Stablecoins and Tokenised Assets

The US and UK Governments have issued a joint statement establishing shared regulatory principles for stablecoins and tokenized assets, aiming to align frameworks for cross-border access while retaining individual legal requirements.

According to the Transatlantic Taskforce for Markets of the Future, the guidelines advocate for 1:1 backing of stablecoins with high-quality liquid assets, timely redemption rights, and enhanced protection for holders’ claims on reserves.

The alignment also extends to testing cross-border use cases for tokenised assets and developing common approaches to tokenised securities settlement and collateral usage.

FinregE Framework Links Early Regulatory Signals to Policy and Control Changes

FinregE has published a seven-step process for identifying emerging regulatory requirements and preparing operational changes before rules take effect.

The framework, detailed in Regulatory Horizon Scanning: Proactive Compliance in 2026, addresses the “implementation lag” between an early policy signal and the changes required across products, budgets, policies and controls.

FinregE argues that waiting until legislation is enacted can create a “compliance crunch,” forcing firms to implement requirements under tighter deadlines and at higher cost. It identifies artificial intelligence, climate finance and digital assets as areas where policy changes can outpace internal decision-making.

“Waiting for regulations to hit is no longer an option,” says Rohini Gupta, CEO of FinregE. She argues that firms have less scope to adapt products and strategies once a rule becomes law, while implementation costs can increase.

The process moves a potential regulatory change from initial detection through to implementation. Early inputs include draft legislation, committee debates and policy white papers. Firms can assess these “weak signals,” determine their likely business impact and prepare changes before a mandate takes effect.

“The Seven-Step Horizon Scanning Process is a continuous, circular methodology designed to transform raw regulatory ‘noise’ (early signals of change) into structured business action,” Gupta explains.

The guide also examines what FinregE calls the “AI Paradox.” Regulatory information can exceed the capacity of manual monitoring, but machine-led analysis carries the risk of misinterpreting legal or policy developments. FinregE recommends that artificial intelligence support scanning and summarisation while subject-matter experts retain authority over legal interpretation and risk assessment.

According to FinregE, case studies involving global systemic banks indicate that proactive scanning can shorten implementation timelines from months to weeks. The company also associates earlier preparation with lower last-minute consultancy costs and reduced exposure to enforcement penalties.

FinregE places horizon scanning within its wider Regulatory Operating System. The proposed workflow links an early warning to impact assessment, policy updates, control changes and evidence that implementation has been completed.

The guide includes Impact Assessment Worksheets and a Vendor Selection Matrix and is available through the FinregE Insights pages.

Kyckr Revenue Grows 46% as Demand Rises for Live Registry Data

KYB data provider Kyckr has reported 46% revenue growth for the financial year ended June 2026, which it described as its strongest performance in two decades. The company attributes the increase to regulatory pressure in Australia and North America, where firms face growing scrutiny of the data supporting their compliance controls.

Kyckr said regulated firms face growing pressure to show that their KYB processes draw on verified, current company information rather than static third-party data. The company cited a McKinsey estimate that the financial industry detects around 2% of global financial crime flows whilst its own research found that poor data was a factor in 68% of UK Financial Conduct Authority (FCA) enforcement actions over the past five years.

The company added 45 clients during the year, including a Global Systemically Important Bank (G-SIB). The new client joins six G-SIBs already supported by the company. Its network has also passed 50 AML orchestration partners. Recent additions include UBO data provider Athennian in North America and legal-tech SaaS provider Infotrack in Australia.

Kyckr has reshaped its senior team since appointing Steve Lamb as chief executive in August 2025. Lamb previously served as the company’s head of product and chief operating officer. Subsequent appointments include former Equiniti executive Ian Jones as chief technology officer and former Thirdfort executive Andrew Kellett as head of customer delivery. Kyckr has also recruited commercial staff from Veriff and Moody’s.

Now entering its 20th year, Kyckr connects regulated firms to more than 300 official company registry sources worldwide. The company built the network to address fragmented and inconsistent corporate registry data across jurisdictions.

“The foundational KYB requirements for regulated firms are shifting, and demand for live company register data is only going to increase further,” said Lamb.

During the second half of 2026, Kyckr plans further investment in its registry network and a programme of product launches. The company is also preparing for the move towards reusable business identities under the European Business Wallet framework.

LSEG Integrates Financial Data with Model ML via MCP Connector

The London Stock Exchange Group (LSEG) has announced that its licensed data and analytics are now available on Model ML. This integration is facilitated by a Model Context Protocol (MCP) connector, providing secure access to AI-ready financial content directly within financial services workflows.

Model ML operates as an AI workflow automation platform specifically designed for the financial sector. It features purpose-built agents and applications that assist professionals with market research, data analysis, and end-to-end workflow automation.

Through this integration, users will gain direct access to a comprehensive range of LSEG content. The newly available datasets include pricing, company reference data, estimates, fundamentals, and ownership records, alongside macroeconomic indicators, ESG data, news, forecasts, and financial analytical models.

TRG Screen Acquires BST America to Expand Market Data Advisory Services

TRG Screen, a global provider of market data and subscription management software for financial services and legal firms, has completed the acquisition of BST America. Based in New York, BST America operates as a specialist market data advisory and consultancy firm with more than two decades of industry expertise.

This transaction extends TRG Screen’s corporate offering across the entirety of the market data value chain. By integrating BST America’s operations, the company will now provide an end-to-end suite of services ranging from technology and managed services to high-level strategic advisory and consultancy.

BST America brings specialised capabilities to the acquisition, including vendor benchmarking, demand management, sourcing and negotiation strategy, alongside contract and renewal support. The firm joins TRG Screen with an established position in commercial operations, backed by long-term customer relationships and a consistent history of repeat client engagements.

BondWave Updates Effi Platform with Expanded Trade Oversight and TQA Capabilities

Financial technology solutions provider BondWave LLC has released an update to its fixed income platform, Effi, introducing expanded Trade Oversight and Transaction Quality Analysis (TQA) functions. The update increases the Trade Oversight module’s capabilities by adding 14 new configurable attributes, bringing the total to 23. These new attributes, which include Execution Yield, Base Price, and Minimum Denomination, allow firms to generate exceptions for internal review and tailor surveillance to their specific compliance policies.

Additionally, the update enables authorised users to view trade information directly from their trade files, searchable by security ID and date. The TQA solution has been improved to separate transaction costs and quality by the side of the market, offering compliance and trading teams more detailed data regarding execution performance.

The release also includes a new interactive tutorial for TQA metrics, improved visualisations to account for trades with unavailable transaction costs, and expanded right-click context menu functionality across the entire application. Finally, the system has been upgraded to .NET 10 to incorporate the latest performance and security improvements.

HACA Partners Selects Muinmos for Enhanced KYC/AML Capabilities

Luxembourg-based audit and consulting firm HACA Partners has selected Muinmos’ KYC and AML screening as it seeks to reduce manual processing and apply more consistent risk controls.

The Luxembourg-based audit and consulting firm, which supports more than 500 clients operating internationally will use the technology for checks on its own clients, its clients’ customers and work undertaken through its outsourced regulatory compliance service.

HACA’s previous screening approach included several manual processes and relied partly on individual analyst judgement. As HACA’s screening requirements grew, this made reviews more time-consuming and created a greater risk of inconsistent decisions. The new platform is intended to provide a scalable screening process, configurable risk policies and a complete audit trail for governance and regulatory review.

The system screens against more than 2,200 watchlists covering over 200 jurisdictions. HACA can also apply its own risk-based policies, thresholds and matching parameters rather than relying on standardised screening logic.

Cédric Leroy, Partner, Regulatory & Compliance at HACA, says the decision reflected the provider’s regulatory expertise, screening coverage and integration model. “Our decision to select Muinmos was driven by three converging factors. First, the depth of regulatory and compliance expertise embedded in the Muinmos team gave us confidence that the platform was built by practitioners who understand the real-world constraints of AML/CFT compliance – not just a technology product designed in isolation from regulatory requirements. Secondly, the comprehensiveness of the screening data was decisive, providing a level of coverage that is impossible to replicate manually. Thirdly, and critically for our operational model, the platform can be integrated via a single API into any existing system, CRM or workflow, which means we can embed it seamlessly into our own processes without disrupting existing client-facing operations.”

Copenhagen based Muinmos uses orchestrated artificial intelligence agents and machine learning to triage alerts, enrich screening results and escalate cases requiring attention. Its decisioning capabilities include configurable fuzzy matching, name transliteration, alias detection and date-of-birth checks, while HACA retains control over its compliance process.

The platform is also designed to respond automatically to changes in watchlists, rules and risk signals. This is particularly relevant to targeted financial sanctions, where firms may need to reflect changes quickly without waiting for manual system updates.

Remonda Kirketerp-Møller, Founder and CEO of Muinmos, described HACA Partners as an early adopter of AI-enabled compliance within a traditionally cautious sector. She said the firm’s approach is intended to strengthen compliance processes, improve client service and support business growth, while reflecting a shared emphasis on governance and regulatory rigour. “We are excited about the value we can add to HACA’s business, locally and globally, through our automated KYC/AML platform.”

Muinmos says its screening agent can reduce false positives by 76%. The company also reports onboarding times of up to 96% faster and a 32% reduction in onboarding-related expenses across its client base. HACA expects the deployment to improve screening responsiveness and reduce the volume of manual reviews, although the announcement does not provide the methodology or baseline used to calculate the performance figures.