Hexaware Clients Given Access to Factory Software Development Capabilities

Hexaware Technologies has partnered with Factory to deliver agent-native software development to enterprise clients across major sectors, including banking and financial services.

The agreement integrates Factory’s Droid platform into Hexaware Technologies’ global delivery system. Hexaware Technologies previously deployed the Droid platform internally within its own engineering ecosystem.

“We’re seeing 5x to 10x gains in production-ready output while investing the necessary time in guardrails and governance so these agents can operate with efficiency and safety,” said David Corrado, senior vice president of strategic global clients at Hexaware Technologies.

Initial deployments focus on sectors requiring strict compliance, including banking and financial services.

The partnership follows internal application of the software for repository consistency, code migrations, documentation and refactoring.

New Funding as Feathery Expands Wealth and Insurance Data Management Platform

Feathery has secured US$30 million in funding to expand its artificial intelligence-powered data automation software for the insurance and wealth management industries.

Feathery’s platform provides data management capabilities that enable clients to overcome the restrictions presented by fragmented tech stacks, which are common within the sectors.

Erie Insurance Strategic Ventures provided capital alongside Index Ventures, Bain Capital Ventures, BrokerTech Ventures and SV Angel.

Co-founder Peter Dun and co-founder Zack Khan established the organisation in 2021 after working at Robinhood and Hightouch.

Feathery automates client onboarding, risk evaluation and data synchronisation across databases, client relationship management tools, custodians and policy administration systems.

Merger Brings ESG Book Under EthiFinance Ratings Brand

EthiFinance, which provides credit and sustainability ratings, has agreed a merger transaction with ESG Book to create a ratings agency that combines the data and analytics from both companies.

The merger, which will bring ESG Book under the EthiFinance brand, will enable financial markets clients to better meet obligations to report sustainability information and risk models, said Carol Sirou, chief executive officer of EthiFinance.

“By combining our strengths, we have the best platform to meet the needs of financial institutions and corporate issuers in a fast-moving market,” Sirou said.
EthiFinance was founded in Paris in 2004, while ESG Book was launched in Frankfurt in 2018.

Kyckr Revenue Grows 46% as Demand Rises for Live Registry Data

KYB data provider Kyckr has reported 46% revenue growth for the financial year ended June 2026, which it described as its strongest performance in two decades. The company attributes the increase to regulatory pressure in Australia and North America, where firms face growing scrutiny of the data supporting their compliance controls.

Kyckr said regulated firms face growing pressure to show that their KYB processes draw on verified, current company information rather than static third-party data. The company cited a McKinsey estimate that the financial industry detects around 2% of global financial crime flows whilst its own research found that poor data was a factor in 68% of UK Financial Conduct Authority (FCA) enforcement actions over the past five years.

The company added 45 clients during the year, including a Global Systemically Important Bank (G-SIB). The new client joins six G-SIBs already supported by the company. Its network has also passed 50 AML orchestration partners. Recent additions include UBO data provider Athennian in North America and legal-tech SaaS provider Infotrack in Australia.

Kyckr has reshaped its senior team since appointing Steve Lamb as chief executive in August 2025. Lamb previously served as the company’s head of product and chief operating officer. Subsequent appointments include former Equiniti executive Ian Jones as chief technology officer and former Thirdfort executive Andrew Kellett as head of customer delivery. Kyckr has also recruited commercial staff from Veriff and Moody’s.

Now entering its 20th year, Kyckr connects regulated firms to more than 300 official company registry sources worldwide. The company built the network to address fragmented and inconsistent corporate registry data across jurisdictions.

“The foundational KYB requirements for regulated firms are shifting, and demand for live company register data is only going to increase further,” said Lamb.

During the second half of 2026, Kyckr plans further investment in its registry network and a programme of product launches. The company is also preparing for the move towards reusable business identities under the European Business Wallet framework.

Precisely Adds Mainframe Software Visibility to ServiceNow Marketplace

Precisely has released Ironstream z/OS Software Discovery for ServiceNow, which automatically identifies z/OS software installed on mainframes and synchronises the inventory data with the ServiceNow Configuration Management Database.

The latest product is available through the data integrity specialist’s ServiceNow Store. It enables the replacement of manual tracking via spreadsheets to establish a continuous system of record for mainframe assets.

It brings trusted mainframe data into ServiceNow so customers can reduce risk, simplify compliance, and manage their entire information technology environment, said Marianne Roling, senior vice president of global channel and ecosystems at Precisely.

The integration allows organisations to incorporate mainframe systems into enterprise-wide software asset management programmes to support regulatory compliance and vendor audits.

Precisely previously developed other applications in the Ironstream portfolio and the company builds these solutions as a partner within the ServiceNow partner programme.

LSEG Data Now Available to Clients via Databricks

LSEG has expanded its partnership with data and artificial intelligence company Databricks to make more than 50 datasets from its Quantitative Analytics Database available on the Databricks Marketplace.

The expansion utilises OpenSharing, an open protocol for sharing data and artificial intelligence assets, to grant clients direct access to financial and economic data within their Databricks environments.

The integration operates through entitlement-controlled access across cloud environments and incorporates Unity Catalog to provide centralised data governance, tracking and usage auditing.

“This partnership simplifies how organizations integrate financial intelligence into their workflows,” said Databricks chief executive Ali Ghodsi.

The available datasets cover company fundamentals, market pricing, fixed income and risk analytics to support portfolio construction and machine learning model testing and it builds on the existing availability of Lipper Fund Data and Cross Asset Analytics within the ecosystem. There are also plans to add Tick History and reference data.

GoldenSource Scout AI Platform Seeks to Bring Trust to Data

GoldenSource has launched an artificial intelligence platform called GoldenSource Scout, which is designed to help financial services firms establish trusted data context for AI models.

The release follows findings from the InvestOps 2026 research report, which indicated that 98 per cent of firms are concerned that poor data could lead to incorrect artificial intelligence insights.

“The test for AI is not whether it can generate answers, but whether those answers can stand up to operational scrutiny, governance expectations and board-level accountability,” said GoldenSource chief executive James Corrigan. “That is where trusted data context becomes essential.”

The platform allows clients to query and interpret data across multiple domains through a chat interface or an agent-building tool deployed on Amazon Bedrock.

It expands upon the company’s previous data management services, which have focused on standardising and operationalising complex market data for four decades.

MSCI Buys First Street to Bolster Climate Risk Data Offering

MSCI has acquired physics-based climate risk data and analytics provider First Street as it seeks to enhance its climate risk capabilities.

The US$120 million transaction coms as as financial institutions demand physical climate risk data embedded into workflows to inform decision-making during accelerating global climate risks, MSCI said.

“The integration of First Street data into MSCI’s existing geospatial capabilities will enable clients to be better informed about their changing risk exposures and translate that directly into financial decision-making,” Richard Mattison, head of sustainability and climate at MSCI, said,

First Street provides multi-hazard models that incorporate climate signals to assess physical risk exposure, asset damage and business interruption.

The transaction is expected to close in the third quarter and builds upon MSCI’s previous developments in geospatial intelligence, climate scenario analysis and transition finance.

NeoXam Agent Attaches Automative Functionality to Platform

NeoXam has launched NeoXam Agents, an agentic artificial intelligence platform for building and supervising artificial intelligence agents, a set of specialised agents in preview and an early-adopter programme launching in the third quarter.

The innovation attaches digital agents directly to the company’s existing products across the back and middle offices of investment firms to utilise operational data where it resides. The company says the new applications will help organisations achieve 90 per cent time savings on investment operations.

“Having an agent is the easy bit – running a fleet of them in a regulated firm is the real challenge, and that’s what we’ve delivered,” said NeoXam chief product and technology officer Clément Miglietti.

The specialised agents will become generally available in September 2026 and target specific operational tasks such as reconciliation, compliance and reporting.

The announcement follows the deployment of NeoXam Structure, a product that extracts figures from documentation and transfers validated data to internal systems with a reported processing time reduction from 15 minutes to about 1 minute per document.

Advisory Summit Selects Finbourne as Fund Administration Provider

Finbourne Technology has been chosen as the strategic fund administration platform for Summit Group, a provider of fiduciary, fund and advisory services.

The enterprise data management platform will consolidate instrument, pricing, holdings and transaction data from various market data providers, custodians and counterparties.

This choice follows an evaluation process intended to upgrade the infrastructure across Jersey, Guernsey and international locations.

“This investment in Finbourne’s platform reflects our continued commitment to providing the institutional-grade, future-ready administration capability that clients expect,” said Summit chief executive Matt Claxton.

The system is intended to deliver investment book of record, fund accounting and transfer agency services from a unified data foundation. This deployment follows the 2025 acquisition of R&H Jersey to expand service capabilities across the Channel Islands.