Data Management Insight Brief
S&P Global Market Intelligence Adds Trucost Environmental Data to Xpressfeed
Responding to market demand for unique and differentiated data, S&P Global Market Intelligence has released Trucost environmental data through its data feed platform Xpressfeed. Trucost, part of S&P Global, is a provider of carbon and environmental data and risk analysis. The environmental data is the first of several planned initiatives and releases from Market Intelligence to deliver Environmental, Social and Governance (ESG) data solutions and capabilities from its delivery platforms.
Dion Global Releases Corporate Actions Solution
Dion Global Solutions has released a corporate actions solution. Already live with two pilot customers, the solution is designed to make corporate actions processing cost effective for the smallest industry participants and scalable for the largest. It aims to decrease manual processing by increasing automation, and reduce risk by ensuring no event is missed or acted on erroneously. Other functionality includes management of notifications from a single source or multiple sources, diarisation of events and related tasks, digital dissemination of event information and tasks to clients and internal parties, and MiFID II reporting of corporate action transactions.
IHS Markit Partners With Cappitech
IHS Markit has partnered with regulatory reporting and intelligence solutions provider Cappitech to deliver its SFTR solution via Cappitech’s reporting platform Capptivate. The alliance aims to automate and streamline transaction reporting to trade repositories for all securities finance instruments. It will also support out-of-the-box MiFID II reporting for additional instruments that will be in scope when SFTR goes live.
SIX FinTech Ventures Takes Stake in PXL Vision
SIX FinTech Ventures has acquired a stake in PXL Vision, a Zurich-based start-up offering solutions for online user verification. The company’s Daego solution supports the automatic creation and administration of secure digital identities. It is designed to help companies avoid physical verification processes when onboarding customers, reduce costs and provide a positive experience. The company has established itself in the Swiss market and is focusing on going global.
Fiserv Automates Horizon Investments’ Portfolio Management
Fiserv, a provider of financial services technology solutions, is supporting Horizon Investments, a provider of goals-based investment management, with its Unified Wealth Platform in order to automate portfolio management, trade and rebalance processes. The platform will allow Horizon to access tools for active portfolio management across multiple managed account programmes and security types, including stocks, bonds, exchange-traded funds and options. The use of Fiserv technology will aid Horizon Investments by providing automation and the ability to scale as the business grows.
AxiomSL and Refinitiv Partner on Shareholder Disclosure
AxiomSL has partnered Refinitiv to combine the former’s Global Shareholding Disclosures (GSD) solution with the latter’s reference data. The aim is to enable financial institutions to automatically enrich client positions while managing regulatory obligations across multiple jurisdictions. John Mason, head of pricing and reference data at Refinitiv, says: “Asset managers face challenges in understanding local rules around shareholder disclosures and calculating their own holdings given complexities around voting rights and share classes. This partnership provides a simple solution by combining AxiomSL’s technology with Refinitiv’s global data, enabling asset managers to quickly and easily assess their positions in different instruments.”
Broadridge Introduces Change Management Service for SFTR
Broadridge Financial Solutions has introduced a change management service to help companies design target operating models that are compliant with Securities Financing Transactions Regulation (SFTR). The service provides a blueprint for front-to-back changes to overall architecture, organisational structure, business processes and location strategy. The company is also offering project management, business analysis and testing support to augment internal project teams. Broadridge says the time is now to define operating models to meet reporting deadlines and avoid increases in costs and operational risk. Firms must also resolve questions around areas such as data sources, exception management and reporting vendor services.
Fenergo Enters Taiwanese Market in Tie Up with TUNG-I
Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail. As an exclusive client lifecycle management partner (CLM), Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to Know Your Customer (KYC) and Anti-Money-Laundering (AML) capabilities. TUNG-I will provide local support, maintenance and implementation of Fenergo’s CLM solutions. The partnership is a response to recent evaluations by the Asia/Pacific Group, an inter-governmental organisation, which aims to prevent money laundering related crimes in the region.
Timefolio Asset Management Selects SS&C’s Solutions to Power Operations
Timefolio Asset Management Singapore, a subsidiary of Korea’s Timefolio Asset Management, has selected a combination of SS&C Technologies services to power its operations. The company was looking for a trusted provider that could support investment operations as they grows. Working with SS&C Eze and SS&C GlobeOp also minimises the number of vendors the company works with, which should realise process efficiencies. Timefolio is using Eze Investment Suite for portfolio management, trading, accounting, compliance and integrated order management. It is supporting middle- and back-office outsourcing and fund administration services with SS&C GlobeOp.
London Stock Exchange Acquires Beyond Ratings
London Stock Exchange Group (LSEG) has acquired Beyond Ratings, a provider of Environmental, Social, and Governance (ESG) data for fixed income, as part of continued investment in its Information Services business, which includes FTSE Russell. The acquisition offers an opportunity for LSEG to build out its multi-asset data and analytics capabilities by commercialising Beyond Ratings’ datasets. FTSE Russell will use Beyond Ratings’ sustainability data, smart risk models and ESG research expertise to develop its multi-asset index solutions.