A-Team Insight Brief
LexisNexis Risk Solutions Offers Insurance Providers Ability to Identify ‘New’ from ‘Known’ Customers
LexisNexis Risk Solutions has extended the use of its proprietary identifier, LexID, to help Insurance providers identify genuinely ‘new’ from ‘known’ customers at the point of quote and start to build a single customer view to help support communication, pricing and retention strategies. While LexID for Insurance is already being used to build a single customer view of existing customers, this latest development ensures customers applying for a new business quote are quickly distinguished as being new to the business and are assigned a unique LexID number that can form the basis for building a more comprehensive single customer view.
Numis Extends Use of Torstone Platform for CSDR Compliance
UK investment bank Numis has extended its use of Torstone Technology’s Torstone Post Trade platform to manage its obligations under the Central Securities Depositories Regulation (CSDR). The Torstone Post Trade platform is a multi-asset, multi-entity cloud-based SaaS solution, covering electronic trade capture, allocation, confirmation, settlement, accounting, risk, corporate actions, reconciliation and regulatory reporting. Tim Valmas, Head of Technology at Numis says: “As CSDR implementation approaches, having a best-in-class solution that meets our obligations and gives us the flexibility to adapt to the regulation as it evolves is vital. As an existing user of Torstone Post-Trade, extending our use of the platform was a natural choice as it suits our needs, ensuring we are fully prepared for the incoming regulation.”
Horizon Software Partners with Business France to Expand in Poland
Electronic trading solutions and algorithmic technology provider Horizon Software has collaborated with Business France Poland, part of a French national agency that supports the international development of the French economy, to expand the company’s services in the region. Through the collaboration, the company aims for its technology to be deployed on a larger scale, to a wider range of clients. The partnership builds on Horizon’s experience with Business France Middle East, where the agency played a major role in strengthening client relationships and facilitating business opportunities for Horizon in the MENA region.
Peel Hunt Renews with ION Fidessa as Long-Term Partner to Grow its Equity Market Business
ION Markets, the global provider of trading, analytics, and risk management solutions for capital markets, has announced that broker and market maker Peel Hunt has selected ION as a long-term partner to grow its equity market making business in European markets, using ION’s Fidessa Trading Platform. Peel Hunt provides execution services across global markets, and began using the Fidessa Trading Platform nearly 20 years ago. As the firm enters its next phase of growth, ION remains its preferred partner, according to the firm.
Dow Jones, ADC Unveil New ESG Data Services
The universe of ESG data services has expanded with Dow Jones and Amsterdam Data Collective (ADC) announcing the creation of new offerings for financial institutions. New York-based Down Jones will sell data sets comprising sustainability scores on more than 6,000 listed companies. The company said the service would also provide “uniquely news driven” data to supplement self-reported corporate information. Dutch data consultancy ADC said it has opened a new analytics practice that will focus solely on sustainability and climate change. The unit will be led by former Bank of England and ING consultant Julia van Huizen.
Qotingo Further Expands With Addition of RepRisk Data
Risk analytics and indexing platform Qotingo has added ESG risk data from RepRisk to its client offering. RepRisk’s artificial intelligence-backed analyses and ESG data will be available to users of Qotingo’s Axioma Portfolio Analytics (APA) platform. It will also be used to build indexes within Qotingo’s STOXX brands. This is Qontingo’s latest addition to its APA after earlier this month announcing the inclusion of feeds from Sustainalytics, ISS and Clarity AI.
RightShip Launches Carbon Accounting Tools for Cargo Vessels
Shipping risk assessment company RightShip has launched a carbon accounting suite of tools to calculate cargo vessel’s greenhouse gas (GHG) emissions. The Carbon Accounting Reporting Tool measures, monitors and benchmarks shipping-related emissions, which are thought to account for 3 per cent of total global GHG creation. The product comes as the European Union prepares to require financial institutions to report supply-chain emissions data as it continues to roll out its Sustainable Finance Disclosure Regulation.
Today – Final Call for Comment on the DSB’s Latest Consultation Paper Covering the UPI
Today, 19 January 2022, is the deadline for industry feedback on the Derivatives Service Bureau’s (DSB) consultation on the legal terms and conditions, and client support model expected to apply to users of the Unique Product Identifier (UPI) Service, which is due to be launched later this year. The consultation sets out the proposals for users of the UPI Service as well as highlighting the user experience of firms already using the DSB’s OTC ISIN Service. You can make final comments on the UPI consultation paper until 5pm today.
ISSB Seeks Applicants to Fill 11 Seats
The search is on for members to sit on the IFRS Foundation’s recently created International Sustainability Standards Board (ISSB). The Foundation said it is looking for applicants to fill 11 seats on the ISSB, which is chaired by former Danone and Ryanair executive Emmanuel Faber. The board will eventually comprise 14 members including Faber and a vice chairman, who is to be selected soon. The creation of the ISSB – seen by many as major step towards creating a global set of standards for ESG reporting – was announced at the COP26 UN climate summit in November.
IBM Buys Environmental Performance Monitor Envizi
Envizi has been acquired by IBM, with the tech giant set to incorporate the environmental data and analytics provider’s software into its own suite of artificial intelligence-driven performance tools. Envizi’s solutions enable companies to measure their environmental impact based on 500 data points. New York-based IBM said the tech would build on its own tools for financial institutions – IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite. It will also be incorporated into IBM’s Turbonomic and Red Hat OpenShift capabilities, which automate decision-making based on operational factors including greenhouse gas emissions.