Smartstream Updates Reconciliation Service with Agentic AI

Smartstream is to introduce a new version of its Smart Reconciliations Premium updated with agentic artificial intelligence that investigates, progresses and resolves reconciliation exceptions autonomously under centralised governance.

This development follows market pressures such as compressed settlement cycles and rising audit expectations, the data solutions provider for financial institutions and enterprises said.

“This release puts AI underneath that foundation rather than beside it, so the platform no longer simply records and matches: it investigates, reasons, resolves, and learns, within boundaries our clients set and can evidence,” said Thomas Steinborn, chief product and technology officer at Smartstream

The release reduces total cost of ownership by 25% and increases throughput by 50% on existing hardware. It is built on four core principles – governance, return on investment, integration and trust – and follows previous versions that process more than 10 billion transactions monthly for global banks.

RCM Extends Use of NeoXam Services top Croatian Unit

NeoXam has extended its NeoXam Manager and NeoXam Compliance platforms to Raiffeisen Capital Management’s Croation unit Podružnica Hrvatska za upravljanje fondovima.

The deployment provides the Croatian branch with a platform for portfolio management and pre- and post-trade compliance monitoring, the software provider said.

The extension builds on a partnership with Raiffeisen Capital Management, one of Austria’s largest asset managers, which has used NeoXam Manager and NeoXam Compliance across its Austrian operations.

“Our long-standing relationship with NeoXam and our positive experience with both NeoXam Manager and NeoXam Compliance made the extension to our Croatian operations a natural step,” said Harald Frodl, head of fund services at Raiffeisen Capital Management.

The modular architecture of NeoXam Manager allows organisations to adjust functionality for specific market requirements while operating on a shared technology framework across entities.

The compliance software automates portfolio monitoring processes in accordance with regulatory, client, and internal investment parameters.

Farming Insurer NFU Mutual Adopts Bloomberg and Clearwater Investment Tech

UK rural insurance specialist NFU Mutual has selected Bloomberg Buy-side Solutions alongside the Clearwater platform to update its investment operating model.

The insurer that manages $32 billion in assets, will deploy the combined technology to standardise its front-to-back multi-asset investment processes.

Under the arrangement, Bloomberg provides portfolio management, trading, pre-trade compliance and trade operations, while Clearwater Analytics delivers investment operations and investment accounting.

Nigel Bryan, head of financial control at NFU Mutual said: “By adopting Bloomberg and Clearwater’s integrated solutions, we are building an automated and highly flexible end-to-end operating model that strengthens our control environment, streamlines processes and builds a solid data foundation for our investment reporting.”

The platform automates order generation, execution, matching, settlement and post-trade processing, while supporting transition workflows for T+1 settlement readiness.

Both providers also support the insurer’s regulatory reporting requirements, building on Bloomberg’s existing post-trade, risk and compliance tools.

Pension, Insurance Company Velliv Signs to Curium SaaS

Curium Data Systems, a data management technology and services provider, said pension and insurance company Velliv has migrated to the Curium SaaS platform.

The migration transfers platform operations, environment monitoring and application performance oversight to the vendor while the client retains internal data management controls.

The transition aligns with the pension provider’s broader strategy to use specialist providers for cloud operations.

The platform is powered through a partnership with Cloud Direct to provide continuous support and automated testing environment updates. The flexible operational model allows clients to adjust vendor input over time, following previous software deployments across asset management firms. Software as a service platforms deliver cloud-hosted application access over internet networks.

Semarchy Moves into Self-Service Intelligent Data Products Space

Semarchy is now providing self-service intelligent data products that deliver mastered data alongside built-in context, reasoning and governance for consumption by human teams, software agents and enterprise applications.
Built on the company’s platform, the products automate schema and model generation while creating dedicated servers to allow artificial intelligence assistants to query enterprise datasets safely.

“Enterprises are about to spend years engineering a context layer for AI. What we keep finding is that designing a data product IS building that context layers,” said Semarchy chief technology officer Craig Gravina.

The release also introduces unified interface tools for data stewards and application developers to browse metadata, data lineage and API documentation. This expansion follows previous updates to the platform, including the launch of a Snowflake connected application and integrations with cloud data platforms.

Ninety One Adopts Fenergo for KYC, Due Diligence, Transaction Monitoring

Fenergo has been selected by investment manager Ninety One to supply its client lifecycle management and financial crime operations platform as part of a digital transformation programme.

The unified platform will merge Know Your Customer procedures, due diligence, transaction monitoring and automation across South Africa, the UK, and Luxembourg.

The decision forms part of Ninety One’s investment in a model to simplify lifecycle management, increase financial crime controls, and reduce disconnected systems across its £184 billion asset portfolio.

Cora Kielblock, head of global operations at Ninety One, said: “Fenergo’s industry expertise, continued innovation and long-term investment in its platform made it the right strategic partner to support our ambitions.”

The phased rollout will automate operational work, accelerate decision-making, and expand upon Fenergo’s existing partnerships with global financial institutions.

Creand Selects NeoXam GP4 Fund Accounting Platform for Wealth Unit

Creand Wealth & Securities, the Luxembourg-based asset servicing and wealth management banking arm of Creand Group, has chosen NeoXam GP4 as its fund accounting platform for private assets.

The agreement sees Creand Wealth & Securities replace its existing system to consolidate the administration of both traditional and alternative funds onto a single platform.

The decision follows growth in fund administration activity and the requirement to process private market valuation structures.

“NeoXam GP4 lets us run our traditional and alternative funds on one platform, handle the complexity of private assets, and produce Lux GAAP, US GAAP and IFRS figures from a single source,” said Sébastien Leleu, chief strategy officer at Creand Wealth & Securities.

The platform will be deployed on-premises, centralising workflows and supporting multiple accounting standards before going live prior to the end of the year.
Charles Sayac, managing director for Continental Europe at NeoXam, said the deal establishes a reference for private assets managed on the software, extending an existing relationship between the two firms.

GLEIF Signs eMudhra as Validator for Indian LEI Issuer

EMudhra, a global provider of digital identity, authentication, and trust services, has been appointed as a Validation Agent of Legal Entity Identifier India Limited (LEIL) in the Global Legal Entity Identifier System by the Global Legal Entity Identifier Foundation (GLEIF).

The partnership will enable eMudhra to embed Legal Entity Identifier (LEI) application and renewal services directly into established customer onboarding and identity verification processes.

Legal Entity Identifier India is the only issuer recognised by the Reserve Bank of India (RBI) under the Payment and Settlement Systems Act.

Kaushik Srinivasan, co-founder of eMudhra, said: “Becoming a Validation Agent of LEIL in the Global LEI System is a natural extension of eMudhra’s role as a trusted Certifying Authority.”

The integration will enable organisations across India to fulfil regulatory identity requirements while reducing the need to complete separate verification checks. India became the jurisdiction with the highest number of active LEIs in January following a master direction issued by the Reserve Bank of India (RBI).

Daloopa Opens its AI Excel Agent Scout to General Use

Daloopa has made its artificial intelligence-powered financial modelling agent, Scout, generally available to clients. Scout enables analysts to build and update financial models directly in Excel using plain-language commands.

Models created by the software draw from a structured database containing financial records for more than 6,000 global public companies.

Thomas Li, Chief Executive at Daloopa, said: “Analysts should spend their time applying judgment, not on the manual, error-prone work of building and updating models.”

The product features custom tools to store frequent prompts, automated formatting controls, session history tracking and hyperlinked citations linking figures to original filing sources. The launch builds upon the financial data and AI automation platforms’s broader portfolio of research tools designed to reduce manual data entry during the investment evaluation cycle.

NetApp’s ONTAP Gives Access to VMware Cloud Foundation 9.1

NetApp has validated its ONTAP platform capabilities to support VMware Cloud Foundation 9.1, enabling mutual customers to lower costs, recover from cyber attacks and deploy artificial intelligence software.

First-party cloud storage services from the data infrastructure company are certified to support the cloud platform across major hyperscalers, enabling workload movement without code alterations.

Alvaro Celis, Chief Partner and Ecosystem Officer, said the new support ensures customers can operate across environments while safeguarding operational investments.

Updates include new backup tools, recovery systems and support for containerised Kubernetes workloads within the unified infrastructure. Broadcom and NetApp previously collaborated on private cloud operations, with Broadcom delivering the underlying platform to run traditional and modern software.