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AI Startup BlueFlame Raises $5m for Alternative Markets Data Platform
BlueFlame AI, a start-up that harnesses artificial intelligence to help alternative market participants streamline their operational, regulatory and clerical processes, has raised US$5 million in a Series A funding round. The cash injection, which will be used to further develop BlueFlame’s AI platform, raises the company’s value to $50m, the New York- and London-based company…
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…
Bloomberg Adds Data for Compliance with EU Corporate Sustainability Reporting Directive
Bloomberg has added a data offering to the Bloomberg Terminal that collates data that companies have started to report in line with the EU’s Corporate Sustainability Reporting Directive (CSRD). The offering is also available via Data License for scalable enterprise-wide use. CSRD expands the range of firms that need to disclose ESG data publicly and…
Mastering Data Compliance: Strategies to Overcome the Data Mountain
By Adam Quirke, Business Development Lead, Financial Services, InterSystems UK & Ireland. With the financial sector’s regulation landscape continuously evolving, compliance officers at financial institutions play a crucial role in maintaining integrity and trust. They maintain compliance despite a growing burden of responsibilities and the increasingly acute problem of legacy technology, which lacks agility, requires…
Datactics Enhances Augmented Data Quality Solution with Magic Wand and Rule Wizard
Datactics has enhanced the Augmented Data Quality Solution (ADQ) it brought to market in November 2023 with the addition of an AI magic wand, Snowflake connectivity and an SQL rule wizard in ADQ v1.4. The company is also working towards the release of ADQ v1.5 that will include generative AI (GenAI) rules and predictive remediation…
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…
Recorded Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline
ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner. This webinar will review the state-of-play on ESG data, consider the challenges of sourcing and managing…
UK’s Debut SDR Rules Raise Data Management Concern
The UK’s newly implemented sustainability disclosure requirements (SDR) have placed additional data management burdens on financial institutions that operate in the UK. The country’s first such framework, created by the Financial Conduct Authority (FCA), is aimed at preventing greenwashing and fostering trust in British sustainability markets. It’s designed to protect the interests of investors by…
The New Frontier of Outsourced Data Management: S&P Global Market Intelligence Report
Digitalisation has taken financial institutions along a prosperous path of better understanding, management and utilisation of the data that their activities generate. But technological evolution and the changed economic environment have placed a new set of challenges onto their shoulders. Institutions are now grappling with how they can take their digital programme further, especially given…
Better Data, Better Business: Combat Identity-Related Fraud with the LEI
By Clare Rowley, Head of Business Operations at the Global Legal Entity Identifier Foundation (GLEIF). The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the US reached an estimated $320 billion as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a significant increase of over…