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.

SIX Incorporates Bridgewise AI Analytics into SIX iD

Swiss data and markets provider SIX has integrated Bridgewise’s artificial intelligence-supported analyses into its SIX iD data search and visualisation tool.
Bridgewise will provide fundamental analysis, peer comparisons, target price forecasts and insights into events likely to have an impact on stocks. SIX clients will also gain access to Bridget, Bridgewise’s AI chatbot, which can launch detailed searches through conversational prompts.

Bridget uses a micro language model (MLM) that specialises in investment and capital markets.

GLEIF Open Mumbai Office as Indian Use of LEIs Surges

The Global Legal Entity Identifier Foundation (GLEIF) has expanded its operations to India, opening an office in Mumbai where it intends to gain a deeper understanding of local markets.

The non-profit organisation, which provides universal identification codes for companies and assets to make it easier to verify and map data to them, said India has been among the top-five legal entity identifier (LEI) growth areas in the past four years.

“The LEI has become a key tool in enabling trust and transparency across the Indian financial ecosystem, thanks to a proactive regulatory agenda advanced by the Reserve Bank of India,” GLEIF said. “Significant levels of new LEI issuance in the region annually, as well as high levels of LEI renewals, can be attributed directly to this extensive regulation and the need for organisations to comply.”

Meanwhile, the International Standards Organisation (ISO) has expanded the LEI technical standard to include GELIF’s digitally signed, tamper-resistant verifiable credentials, know and vLEIs.

“This is a pivotal moment in the evolution of digital organisational identity,” said GLEIF chief executive Alexandre Kech. “The inclusion of the vLEI in ISO 17442 solidifies its role as the global benchmark for secure, digital verification of legal entities. As the vLEI gains traction, it promises to revolutionise how businesses authenticate and trust each other, enabling seamless interactions in a way that has never been possible before.”

Refreshed DTCC Fixed-Income Master Data Updates More Frequently

Bond traders and investors can now receive more frequently updated data on assets with an enhancement to the Depository Trust & Clearing Corporation (DTCC)’s security master data file service.

DTCC’s Corporate Fixed Income Premium Intraday Reference Data has been retooled to refresh every half-hour 23 times a day, the organisation said. It will also include 20 new data elements, including security description, bond duration, interest rate and coupon frequency.

The update has been partly driven by the advent of T+1 trade reporting.

“Intraday corporate fixed income data is critical for the identification, valuation, trading, and settlement in the secondary market,” said Tim Lind, managing director of DTCC data service. “The T+1 transition requires firms to operate more quickly within shorter timeframes. Having access to underlying security data on a timelier basis can help firms achieve that objective.”

MDXT Acquires UK Spreadsheet Optimiser Schematiq

MDX Technology (MDXT), a provider of data distribution and collaboration technology to financial institutions, has acquired spreadsheet optimisation technology firm Schematiq, creating a platform that it says lets clients share data and models faster and more efficiently.

Recognising that the financial industry still relies heavily on spreadsheets to organise and manage their data, MDXT said that the acquisition will help clients of the London-based company convert their models into code and APIs that can be scaled for trading and enterprise uses.

“Despite industry-wide efforts to reduce reliance on Excel, it is still critical to operations and our customers are looking to us to support them scale invaluable IP held in these complex models,” said MDXT chief executive Nigel Someck.

The deal was approved for an undisclosed sum.

MDXT’s low-code platform is used by financial institutions, including HSBC, and financial services companies such as Bridgewater and Intercontinental Exchange (ICE Data Services) to build over-the-counter price-sharing and trading workflows.

The newly augmented company will continue to be headed by Someck while Schematiq founder Darren Harris has been appointed as chief product officer.

“This collaboration is not just a strategic fit for both companies but a transformative move for the entire industry,” said Harris. “Together, we will drive innovation, expand market influence, and deliver exceptional value to our clients. The future is incredibly exciting.”

S&P Global Unveils Scientist-led Climate Research Group

S&P Global has established a Climate Centre of Excellence, bringing together scientists and strategists to help guide the data and ratings company’s environment and nature research and methodologies.

The centre will harness the company’s market and ESG datasets to generate sustainability-linked information that can be used by clients of the company’s S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility and S&P Dow Jones Indices businesses.

“To push the frontiers in climate research, S&P Global scientists are diving into some of the most complex data and modelling challenges in the physical and economic sciences,” said the centre’s chief science officer Terence Thompson. “We are bridging multi-disciplinary gaps and perspectives to enable advancements in our science-driven methodologies providing actionable information on climate-related risks and opportunities.”

Among the themes the centre aims to tackle are physical and climate hazards, probabilistic risk modelling and supply-chain exposure.

AI Added to SmartStream’s Air Data Management Platform

SmartStream has added artificial intelligence (AI) and machine learning capabilities to the latest version of its Air data management platform.

The Dubai-based maker of transaction technology for financial institutions has incorporated the technology into the ninth version of its SaaS-based product with the creation of two modules, Air Data and Air Cash.

Air Data is an automation module that streamlines tasks including cross-checking between different systems, pre-settlement error detection and trade record comparisons. Air Cash handles cash reconciliation.