Boubyan Bank Implements Murex MX.3 for Sharia-Compliant Treasury Operations

Kuwait-based financial institution Boubyan Bank has successfully deployed the Murex MX.3 platform to enhance its Sharia-compliant treasury operations. The implementation aims to support the bank’s scalability and meet evolving business needs while adhering to international best practices. This initiative underscores Boubyan’s commitment to offering innovative Islamic financial solutions with faster time-to-market and improved risk management capabilities.

Murex has customised its platform to accommodate the specific requirements of Islamic finance. The company serves over 300 global clients, including over 15 banks trading Islamic products across the Middle East, Africa, and Asia Pacific regions.

“The growth of Islamic finance in today’s challenging regulatory and legal landscape is pushing institutions offering Sharia-compliant products to innovate, streamline operations, and enhance risk management,” commented Marc Farah, senior business development manager at Murex. “The MX.3 for Islamic Finance solution provides banks with a competitive edge. It not only offers a comprehensive catalog of Sharia-compliant payoffs, but also optimizes operational efficiency through automated post-trade processes and a preconfigured setup. We are confident that financial institutions in Kuwait and the region will see similar success with the implementation of our solution.”

The project was executed in partnership with Sequel, a Murex associate partner, which managed system integration, migration, and post-launch support for the platform.

Regnology Acquires VERMEG’s Agile Division, Expanding Global Leadership in Regulatory Reporting

Regnology has acquired Agile, the regulatory reporting division of VERMEG, in a move that underscores the growing trend of consolidation in the RegTech industry. This strategic acquisition strengthens Regnology’s capabilities in delivering end-to-end regulatory reporting solutions, while enabling VERMEG to focus on its core strengths in Collateral Management and Insurance.

Agile, a SaaS-based platform originally part of VERMEG’s Lombard Risk portfolio, serves over 150 banks worldwide across key regions, including the UK, Europe, North America, and Asia Pacific. Known for its modular, scalable solutions that cover the entire regulatory reporting process—from data ingestion to report submission—Agile will now be integrated into Regnology’s platform. This combination will enhance Regnology’s ability to address the increasing demands for automation, granular data management, and efficient regulatory compliance.

For VERMEG, the divestment aligns with a strategy to consolidate its leadership in Collateral Management and Insurance. “By joining forces with Regnology, Agile gains access to a broader platform and new opportunities for growth,” said Badreddine Ouali, Founder and Co-CEO of VERMEG. “This allows us to concentrate on delivering exceptional value in our core areas, ensuring long-term success for both companies and their teams.”

Building a Global Footprint in Regulatory Reporting

The acquisition also bolsters Regnology’s global presence, complementing its recent purchase of CG3-1, a firm known for its regulatory calculations in the U.S. broker-dealer market. The move is expected to enhance Regnology’s offerings for broker-dealers by integrating expertise in regulatory capital, customer reserve, and portfolio margin requirements.

Together, these moves enable Regnology to serve a wider range of financial institutions—from Tier 1 banks to community banks—and strengthen its reach in Asia Pacific, with clients in Hong Kong, Singapore, and Australia including a number of regulators.

“This marks a pivotal moment for Regnology,” said Rob Mackay, CEO of Regnology. “Our expanded footprint allows us to connect regulators and financial institutions worldwide, transforming legacy reporting processes into scalable, efficient networks. By investing in technology and talent, we aim to help industry stakeholders navigate the complex regulatory landscape with confidence.”

Nordic Capital, a key investor in Regnology, highlighted the strategic significance of the acquisition. “This milestone reflects the need for forward-looking solutions that prioritize efficiency and stability,” a spokesperson noted, adding that the deal advances Regnology’s position as a global leader in regulatory reporting.

Baader Bank Takes Bloomberg ESG Data Feed for SFDR Reporting

Germany’s Baader Bank has added Bloomberg’s ESG data to its feeds as it builds out its Sustainable Finance Disclosure Regulation (SFDR) reporting capabilities in Europe.

The bank, which also provides outsourced management for many investment firms’ funds, adds the feed to its array of Bloomberg products, which include the Terminal and B-PIPE.

Bloomberg’s SFDR data, which is accessible via its ESGD function, provides information on more than 16,000 companies and enables the mapping of reported ESG data to PAI indicators.

Spanish Insurer MAPFRE Links into Aladdin for Asset Management

Insurer MAPFRE’s asset management business has become the first Spanish company of its kind to sign into BlackRock’s Alladin investment management platform.

MAPFRE AM will oversee the management of its US$60 billion portfolio of public and private assets on the platform.

“The adoption of Aladdin will help us unify all of our apps and to streamline our investment process, which will in turn accelerate the growth of our company,” said MAPRE AM chief executive Álvaro Anguita. “MAPFRE is active in 25 countries and financial centres in the major markets around the world. In recent years, we’ve boosted our presence in Latin America and strengthened our business in other countries, such as France.”

big xyt Partners with Trackinsight to Revolutionise ETF Data Analytics

big xyt, provider of AI-driven analytics for global financial markets, has formed a strategic partnership with Trackinsight, the ETF data provider. The collaboration merges big xyt’s expertise in secondary market analytics with Trackinsight’s extensive ETF reference data, creating a solution to deliver comprehensive insights into the $14 trillion ETF ecosystem, addressing complexities such as product evolution, regulatory demands, and the need for transparency.

The partnership provides clients with integrated datasets that enhance liquidity analysis, trading efficiency, and cost management. By combining primary and secondary market insights, the collaboration aims to improve decision-making for issuers, investors, and exchanges. Future developments will include advanced tools for global liquidity analysis and peer group benchmarking, empowering issuers to refine product strategies.

Commenting on the partnership, Robin Mess, CEO of big xyt, said: “At big xyt, we pride ourselves on our leadership in market analytics, offering deep insights into liquidity and trading dynamics across global markets. By aligning our expertise with Trackinsight’s exceptional reference and primary market data, we are creating a comprehensive solution that empowers investors, issuers, and intermediaries to navigate the ETF ecosystem with confidence and precision.”

Philippe Malaise, CEO of Trackinsight added: ” This collaboration ensures that market participants can rely on a unified source for understanding ETF performance, liquidity, and trends, driving smarter decisions and greater efficiency in the market.”

Cboe Clear Europe Gains Approval to Launch Clearing Service for European Securities Financing Transactions

Cboe Clear Europe has received regulatory approval from De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) to clear European Securities Financing Transactions (SFTs). The new service will provide central clearing, settlement, and post-trade lifecycle management for cash equities and ETFs, supporting lenders, including UCITS and non-UCITS participants, and borrowers across 19 European Central Securities Depositories (CSDs).

Aligned with regulations such as EMIR, CSDR, and SFTR, the service is designed to enhance market transparency and efficiency. It replaces the current bilateral model with a centrally cleared structure, reducing risk-weighted asset exposures and enabling capital and operational benefits, such as cross-margining savings and streamlined settlement processes. Leveraging The Bank of New York Mellon and J.P. Morgan as Tri-Party Collateral Agents and Pirum for trade instruction management, Cboe Clear Europe aims to strengthen the competitiveness of European capital markets with the new service.

Vikesh Patel, President of Cboe Clear Europe, commented: “This achievement underscores our dedication to supporting our clients’ evolving needs and contributing to the resilience of financial markets. We greatly appreciate the support of our regulators as we deliver on our commitment to launch innovative services which we believe enhance efficiencies for European market participants and help foster the growth of the region’s capital markets.”

Jan Treuren, Senior Director, Product, Cboe Clear Europe, added: “This service is supported by our best-in-class risk management framework, offering clients the advantage of Cboe Clear Europe’s extensive settlement experience and broad direct connectivity to 19 European CSDs. Initially, the service will cover key European markets, with plans to expand the offering based on client demand and market developments.”

Temenos Harnesses NVIDIA Platform for New GenAI Product

Banking software developer Temenos has created a generative artificial intelligence (GenAI) product to help users of its technology to better manage and utilise unstructured data stored in their systems.

The on-premises product has been built with the NVIDIA accelerated computing platform. Temenos’ proprietary model will sit on the NVIDIA platform, offering users “exceptional speed and precision in delivering AI-driven services”, the company said.

“With the high-performance NVIDIA AI platform, Temenos is helping banks future-proof their operations and elevate the customer experience,” Temenos said.

Marshall Wace Gives Bloomberg a Private Market Boost

Alternatives asset manager Marshall Wace has integrated Bloomberg’s IBVAL Front Office as its default pricing engine, underlining the New York-based data behemoth’s eagerness to play a key role in private as well as public markets.

Artificial intelligence-supported IBVAL Front Office updates prices on dollar, euro and sterling credit markets every 15 seconds. It is available through the Bloomberg Terminal and through the company’s B-PIPE real-time market feed.

The announcement by London-based Marshall Wace, which oversees US$69 billion in assets, is a boost to Bloomberg’s efforts to become a leading player in the private market data space. In recent months it has signalled its eagerness to adapt and repackage tools it has developed for public and OTC markets so that they can be used by private equity and credit investors.

Recently it launched a US Leveraged Loan Index, which covers 1,300 leveraged loans with a market value of US$1.3 trillion.

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.