BondWave Expands Functionality in its Effi Fixed-Income Platform

BondWave, a fixed income-focussed FinTech provider, has updated its Effi data insights platform to add new functionality for US Treasury data, trade analysis reports and other processes.

The enhancements been made to Effi’s Portfolio Analytics and Transaction Analytics tools also enable users to more quickly access a larger pool of account statistics and analyses.

“By expanding our analytics offerings in this latest Effi release, our users will have unique insights at their fingertips to help them make more informed investment decisions and meet their critical regulatory requirements,” said BondWave chief executive Michael Ruvo.

Private Lending Tech and Data Firm Cardo AI Raises $15m

Private credit and asset-based financing (ABF) technology specialist Cardo AI has raised US$15 million in a Series A funding round led by Blackstone Innovations Investments, FINTOP Capital and JAM FINTOP.

The investment will help Milan-based Cardo AI expand its artificial intelligence-supported data and technology offering to markets in the US.

The company said it is dedicated to bringing order to the fragmented and “outdated manual” data and technology processes within the US$40 trillion private lending space.

“Our expansion into the US market, supported by such prestigious institutions, highlights Cardo AI’s ability to deliver powerful technology for the alternative credit industry,” said founder and chief executive Altin Kadareja.

BondWave Acquires Bitvore’s Fixed-Income Analytics Unit

Fixed income-focussed FinTech BondWave has completed its acquisition of Bitvore’s data analytics business, which uses artificial intelligence (AI) to scour unstructured data sources for bond market clients.

The technology will be incorporated into BondWave’s Effi fixed income data and analytics platform to “provide users with enhanced transparency and further support our mission and vision as a firm”, said chief executive Michael Ruvo.

With the acquisition, BondWave –which was formed in 2001 – will enable clients to extract data from publicly available sources and crunch it into a useable format for analysis. The company’s other capabilities include portfolio analytics and reporting and proposal generation, as well as tools that support best execution, fair pricing, and mark-up monitoring and disclosure on both a pre- and post-trade basis.

Arcesium Adds Regulatory Reporting Automation to Opterra Platform

Data management service provider Arcesium has launched a regulatory reporting extension to its Opterra data lifecycle management platform.

The New York-based company said the new tooling enables clients to utilise data they already have to automate the collection and presentation of information required for compliance processes.

The extension was created to meet growing demand for ever-more granular data from regulators. Arcesium said clients will now be able to automate disclosure processes using their data on trades, positions, P&Ls and accounts, saving time and resources.

“COOs and compliance leaders are expressing an urgent need to modernise their reporting processes, save time and reduce costs,” said Neil Visnapuu, product owner for regulatory reporting at Arcesium. “This solution empowers them to do precisely that. By auto-populating reports and completing disclosures… managers can release significant resources currently tied up in gathering data from fragmented sources. This streamlined way of working also empowers them to quickly adapt to any future regulatory demands”.

Seneca ESG Joins Private Equity Sustainability Reporting Initiative

Data management and software provider Seneca ESG has become the latest vendor to join the ESG Data Convergence Initiative (EDCI), which provides a common sustainability reporting framework for private equity.

Seneca said that through its membership, the company will help clients feed data pertinent to EDCI’s core set of standardised metrics via a dedicated API. That data can be accessed by limited partners to help guide their decision-making processes.

“By joining EDCI, Seneca ESG strengthens its commitment to advancing responsible investing and transparent ESG reporting in private equity markets,” said Seneca ESG chief executive Jonathan Ha. “Unified ESG metrics allow all stakeholders to gain clearer insights and measure progress in ways that were previously challenging.”

The EDCI was created by a group of global investors and Boston Consulting Group.

BlueFlame AI Builds GenAI-Supported Workflow Automator

BlueFlame AI has built a generative artificial intelligence (GenAI)-supported workflow automation tools to streamline their private markets data processes.
The New York-based startup’s Blueprints also uses large language models to query and process data from internal and external source, helping firms to boost productivity and make better informed decisions, BlueFlame AI said.

“By eliminating the technical barriers traditionally associated with AI implementation, we’re democratising access to sophisticated automation tools that can dramatically improve how investment firms operate and make decisions,” said chief executive and co-founder Raj Bakhru.

“For example, our clients can run a Blueprint to create IC memos, analyse earnings reports, or prepare them for an upcoming prospect meeting, reducing hours of manual work to minutes.”

BlueFlame was launched two years ago and its Nexus platform is designed to help firms mine and make sense of information stored in unstructured sources.

The company said that Blueprints can improve the accuracy of private markets research and analysis and that clients can interact with it through simple natural language prompts.

S&P Global Unveils Document Summary and Insights Tool

S&P Global clients now have access to a generative artificial intelligence (GenAI)-supported platform that can scan, extract and analyse critical data points from text and other content-based documents.

Document Intelligence resides within S&P’s Capital IQ Pro product and works on company filings, earnings call transcripts, investor presentations, news and research. The company has also unveiled ChatIQ, which enables easier engagement with research.

“The addition of GenAI-enabled Document Intelligence and ChatIQ will further enhance the user experience, improve discoverability and shorten time to insights through the provision of some of the most modern and innovative tools in our industry,” said Warren Breakstone, global head of Capital IQ Solutions for S&P Global Market Intelligence.

Document Intelligence will highlight key phrases within documents, present smart summaries and uses natural language processing to establish sentiment scores.

China’s BOCOM Fintech Named as a GLEIF Validation Agent

A Bank of Communications (BOCOM) subsidiary in Shanghai has been named a validation agent by the Global Legal Entity Identifier Foundation, a move that the organisation describes as a milestone in China’s adoption of LEIs.

BOCOM Fintech will use the LEI to smooth cross-border identification, simplify Know Your Customer (KYC) processes and document requirements for offshore businesses, accelerate identity verification and reduce compliance risks, GLEIF said.

China’s own entity-monitoring agency, the Beijing National Institute of Financial Standardization (NIFS), supports BOCOM Fintech’s new status.

“By becoming a validation agent in the Global LEI System, we are better positioned as a FinTech company and aim to contribute more effectively to China’s economic opening-up,” said BOCOM Fintech president Tang Yi. “We are firmly committed to exploring innovative applications of the LEI in anti-money laundering (AML), maritime trade, and cross-border e-commerce, thus promoting digital finance and economic development.”

Finbridge Collaborates with GLEIF on FinTech Identifiers

Finbridge Global, a platform that lets financial institutions assess FinTech companies at the product level, has adopted the The Global Legal Entity Identifier Foundation (GLEIF) framework.

The collaboration is hoped to enable clients to reduce the due diligence process when engaging with FinTech providers, a statement said. Finbridge will also manage the LEIs of FinTechs.

LEI data is also used to map corporate structures and relationships, highlighting the links between legal entities, helping clients to assess the risks posed by organisations operating internationally, according to a statement.

“While the dynamism of the global fintech sector is helping to transform the delivery of financial services, many potential partnerships are inhibited as financial institutions and investors lack the information needed to meet stringent due diligence requirements,” said GLEIF chief executive Alexandre Kech. “Integrating the LEI into the Finbridge Global platform addresses this challenge by setting a new standard of trust that accelerates and enhances KYC and KYB processes—promoting faster onboarding and enabling financial institutions and investors to operate with confidence. This is a catalyst for broader fintech adoption worldwide, ensuring all organisations can seize new opportunities while safeguarding their reputations and credibility.”

GoldenSource Switches on Version 10 of its Data Management Platform

Clients of GoldenSource are now able to access the updated version of the company’s enterprise data management platform, which has been enhanced with deeper analytics and artificial intelligence (AI) capabilities.

Version 10 (V10) of the cloud-based service will enable AI-supported documentation and search tools as well as automated pipelines that provide a single, centralised view of fund data at entity level.

There is also new ESG functionality through data connectors and improved data lineage and metadata extraction capabilities.

The updates enable GoldenSource’s asset management, asset servicing, custodian and banking clients to “streamline data management processes and accelerate their cloud transformation”, the company said.

“Version 10 is the most innovative financial services data management solution that our team has developed, and we are excited to bring this to the market at such an opportune time for new and existing clients,” said GoldenSource chief product officer Swati Tyagi.

“As firms grapple with more volatile market conditions and increased regulatory burdens, ensuring financial institutions get the most out of their data has never been more important. To this end, we have worked closely with our clients to ensure our modernised product portfolio caters to their more diversified needs, focusing on digital transformation and the inevitable migration to cloud data services.”

V10 also features validations and analytics to help clients meet regulatory and vendor requirements, service delivery via APIs that integrate with reporting tools and visual data validation.