NeoXam Partners Data Management Consultancy Soranus

NeoXam continues to extend its partner portfolio with the addition of a strategic agreement with Soranus, a data management consultancy. The agreement is designed to support client implementation projects of the company’s DataHub across Switzerland and Liechtenstein.

Arteria AI Acquires H4 to Further Develop Digital Documentation Solution

Arteria AI, a provider of enterprise digital documentation, has agreed to acquire certain financial services assets of H4, a lifecycle management platform. H4’s chairman and co-founder Joe Seifert will join Arteria AI’s team as a senior advisor. Arteria AI, a Deloitte spin off, works with large banks to accelerate client documentation processes at scale. From document generation to signature, the company uses context-specific AI, data, analytics and automation to allow stakeholders across the bank to serve clients more quickly.

Quant Insight and Symphony Partner to Provide Macro Analytics Insights

Quantitative analytics vendor Quant Insight (Qi) has partnered with Symphony, the market infrastructure and technology platform, to offer macro-based insights to Symphony’s global financial community. Qi’s Retina (Real time Notifications and Alerts) will sit on the Symphony platform and push macro-based insights into Symphony chat rooms in real time. With Retina, Symphony users will be alerted to macro-based valuation anomalies, shifts in key macro drivers and changes in underlying trends covering 6,000 market instruments including indices, sectors, stocks, FX, rates, futures, commodities, and cryptocurrencies. Retina makes extensive use of machine learning technology, and the Qi team includes experienced former portfolio managers from Brevan Howard, Millennium, BlueCrest, Credit Suisse, Morgan Stanley, Fidelity, and others.

FactSet Adds Fixed Income Trading Capabilities to Portware

FactSet, the global provider of financial information and analytical applications, has launched a suite of fixed income trading capabilities for Portware, its execution management system (EMS) best known for electronic trading and automation in listed assets and FX. With the introduction of fixed income trading, Portware now enables clients to trade more efficiently across more asset classes. In addition to connecting to established trading venues, FactSet is integrating with several data providers and trading destinations to display pre-trade analytics related to pricing and liquidity, as well as sourcing content from FactSet’s own fixed income data and analytics libraries. Further investment and integrations are planned to aggregate additional liquidity sources for FactSet’s trading clients. The new capabilities were built in collaboration with FactSet’s client GIC, to support GIC’s global trading desks.

ED&F Man Deploys TS Imagine for Risk and Margin Management

ED&F Man Capital Markets has deployed TS Imagine’s real-time risk, compliance and margin platform, to manage initial and variation margin risk for SPAN and VaR based methodologies across its futures and options trading and clearing business, replacing its legacy systems with TS Imagine’s fully-hosted, SaaS solution for high-volume, real-time analytics on cross-asset exchange-based and OTC trading. The platform is now live, and since deploying the platform, which displays risk, profit/loss and margin analytics side-by-side, ED&F Man has already seen improvements to data management, aggregation and reporting capabilities, according to the company. TS Imagine was formed earlier this year with the merger of TradingScreen and Imagine Software.

Supply Chain ESG Solution Launched by Sustainalytics

Sustainalytics has created Corporate Supply Chain ESG Solutions, a service that will enable clients to gauge the sustainability of companies in their supply chains. The Morningstar unit said the offering would help many industries assess, report and mitigate their ESG risks. The product is delivered through Sustainlytics’ ESG Assessment Platform and draws on the Amsterdam-based company’s huge data pools and its ESG Risk Ratings product.

APAA ESG Risk Guide Stops Short of Mandatory Disclosures

The Australian Prudential Regulatory Authority has become the latest overseer to issue a guidance on banks’ management of climate risks in their portfolios. While its latest guidance offers advice on how institutions should approach the issue, it does not advocate mandatory ESG disclosures. Instead, the regulator said lenders should consider whether other “voluntary disclosures could be beneficial in enhancing transparency and giving confidence to the wider market”.

Banks, Institutions Back ESG Book’s Free Data Project

An alliance of global banks, institutions and investors has launched ESG Book, a free source of information that its creators say will make sustainability data a public good. Companies will be able to freely access the data lake to help them report on their own ESG records and financial institutions will be able to use it to gauge the sustainability of their portfolios. ESG Book will be hosted on a platform built by Frankfurt-based data vendor Arabesque. We’ll be following up with more details on this one soon!

Aztec Group Selects Fenergo Client Lifecycle Management Solution

Aztec Group, a specialist in alternative asset classes, has selected Fenergo’s cloud-native Software-as-a-Service client lifecycle management solution to digitalise client and investor journeys. The solution will be rolled out to replace legacy systems for onboarding and compliance as Aztec Group works towards digital transformation. The Fenergo offering is a fully managed, multi-tenant, API-first platform designed to digitalise the lifecycle process while giving clients self-service access to upload data and documentation through an easy-to-use portal.

Finastra Adds €STR, TONAR and SORA Rates to Fusion LIBOR Transition Calculator

Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates and borrowers to calculate ARR in preparation for the end of the majority of LIBOR rates on December 31, 2021. In addition to SOFR for the US dollar and SONIA for pounds sterling, the calculator service now incorporates ARR rates €STR for the euro and TONAR for the Japanese yen, and the RFR rate SORA for the Singapore dollar.

The calculator service is available through Finastra’s FusionFabric.cloud open innovation platform and can be integrated with a bank’s existing lending systems. The use of Open APIs facilitates integration with legacy systems that have not been prepared for the LIBOR transition and are unable to perform complex ARR calculations. The Finastra calculated ARR rates can be directly consumed by these legacy applications, avoiding the need for complex and costly system changes.