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Alternatives Data Service Firm Canoe Raises $36m in New Funding
Canoe Intelligence has raised US$36 million in a Series C round to help the alternatives market technology company build out its artificial intelligence-supported fund master database services. The fundraising was led by Growth Equity at Goldman Sachs Alternatives. F-Prime Capital and Eight Roads, which contributed to a previous cash injection last year, also joined the…
Delta Capita to Provide CLM to European Unit of Daiwa
Capital markets consulting, managed services and technology firm Delta Capita is to provide its client lifecycle management (CLM) product to investment bank Daiwa Capital Markets Europe. The investment banking subsidiary of Japanese brokerage Daiwa Securities said Delta’s CLM will help its international clients gain exposure to the Asian nation’s markets at a time of growing…
AccessFintech Appoints Ex-JPM Data Leader Naveen as Product Chief
Financial markets data company AccessFintech has appointed Naveen TV as head of product to lead development of the UK-based company’s services on its Synergy data infrastructure. Naveen joined the real-time data feed provider from JP Morgan, where he was global head of data strategy and AI. In a 12-year career at the global bank he…
AI in Asset Management: Buy-Side Attitudes toward GenAI and LLMs
Since ChatGPT exploded onto the scene in late 2022, financial markets participants have been trying to understand the opportunities and risks posed by artificial intelligence and in particular generative AI (GenAI) and large language models (LLMs). While the full value of the technology continues to become apparent, it’s already clear that AI has enormous potential…
S&P Global Market Intelligence Updates Capital IQ Pro with Fixed Income Data and GenAI Summarisation
S&P Global Market Intelligence continues to update its Capital IQ Pro data and analytics platform with the addition of more than 19.4 million fixed income securities with full reference data, pricing and analytics. The company has also added GenAI-powered earnings transcript summarisation capabilities and enhanced private markets and segment data. The fixed income data includes…
Practicalities of Implementing GenAI in Capital Markets
Following the opening keynote of A-Team Group’s AI in Capital Markets Summit (AICMS), a panel of expert speakers focused on the practicalities of implementing GenAI. The panel agreed that industry hype is waning and there is enthusiasm for GenAI with firms beginning to develop use cases, although one speaker noted: “People understand the risks and…
AI in Capital Markets Summit Tracks Evolution of GenAI and Value Creation
Generative AI (GenAI) took the world by storm in November 2022 when OpenAI introduced ChatGPT. It has since become a talking point across capital markets as financial institutions review its potential to deliver value, consider the challenges it raises, and question whether they have the data foundation in place to deliver meaningful, unbiased and ethical…
Galilee Asset Management Selects Clearwater to Consolidate Fund Activities
Galilee Asset Management, a specialist in fund and wealth management primarily in equity and fixed income, is planning to replace in-house developed order consolidation solutions with Clearwater JUMP, a Clearwater Analytics offering designed to consolidate fund and wealth activities across the investment lifecycle. France-based Galilee Asset Management cites a world-class user experience, platform scalability and…
Finbourne Raises £55m to Fund Overseas Expansion
Finbourne Technology has received a £55 million capital injection to fund the international expansion of the investment data management solutions provider’s AI-enabled data and tools service. The London-based company raised the money in a Series B funding round led by venture capital firm Highland Europe and AXA Venture Partners (AVP). It follows a £15m cash…
AXA XL Alternative Capital Team Selects Clearwater Analytics
AXA XL’s alternative capital team has selected Clearwater Analytics to provide strategic support for a portion of its investment portfolio. The team chose Clearwater for its proven reliability, accuracy and comprehensive ability to meet its complex accounting book of record and regulatory requirements. “We welcome AXA XL as a Clearwater client,” says Keith Viverito, general…