HK Government Backs ESG Compliance Provider Diginex

ESG reporting technology provider Diginex has received funding from the Hong Kong government to expand its artificial intelligence-driven functionality to help financial institutions meet sustainability compliance obligations.

The investment of an undisclosed sum follows the company’s US$2 billion acquisition of AI-driven data management and customer engagement business Resulticks Global Companies early in June.

Diginex said its expanded AI features will streamline ESG reporting processes. It will be “jointly developed with a leading financial institution through a co-creation collaboration model promoting commercialisation and wider adoption,” the company said.

The technology is built to enable compliance with regulations based on the Sustainability Standards Board (ISSB) and International Financial Reporting Standards (IFRS) frameworks.

Similarweb Traffic Info Integrated into Bloomberg Alternative Data Platform

Bloomberg has incorporated web analytics provider Similarweb’s web traffic data to its alternative data sets for Terminal users.

Featured within Bloomberg’s Alternative Data Analytics Platform, the Similarweb feeds will enable investors to better nowcast company key performance indicators and identify trends within company performance.

Similarweb’s web and app analytics are sourced from more than 200 million devices, 100 million websites and 4 million apps worldwide.

New Products from Snowflake Unveiled at its Annual Summit

Snowflake has announced a slew of new products at its annual “summit”. The data management platform unveiled a new ingestion service called Openflow, which uses open standards and Apache NiFi.
It also took the covers off Gen2 Standard Warehouse and Adaptive Compute that accelerates performance and improvs usability; introduced an Intelligence and Data Science Agent to enable users to ask natural language questions to extract insights from tables and documents; revealed Cortex AISQL and SnowConvert AI that integrates generative artificial intelligence into SQL queries.
Additionally, Snowflake said it had updated its data marketplaces. The event was held in San Francisco.

Clearwater Tech Chosen by Denmark’s Norli Liv & Pension

Danish pension provider Norli Liv & Pension has revamped its investment accounting, reporting and compliance operations using Clearwater Analytics’ investment management platform.

Boise, Idaho-based Clearwater said its technology will “eliminate multiple legacy platforms, reduce manual work” and accelerate Norli Liv & Pension’s monthly close.

Fitch’s BMI Unveils Country-level ESG Data and Metrics

Fitch Solutions’ BMI has begun offering its investor clients country-level ESG data, scores, insights and forecasts covering 140 markets.

The ESG Country product also includes GeoQuant political risk scores alongside metrics on ESG impacts in trade, industry and politics as well as separate reports on emerging markets.

ISS STOXX ESG Data Integrated by DekaBank

DekaBank Deutsche Girozentrale (Deka) has incorporated ISS STOXX’s ESG data into its systems for use by the German organisation’s asset management, fund administration and treasury management divisions.

Deka is the central asset manager of the German Savings Bank and will utilise IS STOXX’s climate data, corporate and country ratings, SDG scores and regulatory solutions, including its Taxonomy and SFDR/PAI data.

SimCorp Updates Axioma Model to Tackle Increased Market Gyrations

SimCorp has sought to better prepare clients for increased market volatility with an update to its Axioma Worldwide Equity Factor Risk Model, which is designed to help managers identify risks in their portfolios.

Among its improvements is the introduction of a Non-Linear Residual Factor, which uses machine learning to identify hidden factor correlations that can’t be detected by standard, linear models.

RecordPoint, OCG to Jointly Pursue Growth in Financial Services

Data management and governance services firm RecordPoint will work with advisory Oceanic Consulting Group (OCG) as it grows its business within the financial services sector.

Together, RecordPoint and OCG will “help institutions build stronger data foundations and future-proof their governance frameworks in an increasingly complex landscape”, they said in a statement.

Novata Offers Private-Market ESG Data Management and Request Service

Novata has launched ESG Due Diligence, a product that enables private market participants to manage and utilise sustainability data.

The solution centralises the diligence workflow for deals teams enabling them to request, review and analyse ESG data.

“While assessing sustainability factors has become a standard part of the investment process, traditional diligence workflows have historically been resource-intensive, disconnected from holding-period value creation and lacking actionable outputs,” said Jessie Martin, Global Head of Advisory at Novata. “Novata’s new offering delivers a pragmatic and cost-effective alternative that investment teams can adopt without burden or disruption.”

SIX Clients Given Access to New Fixed-Income Data Product

SIX has unveiled SIX Fixed Income Data, a service that provides clients with pricing, reference data, corporate actions information and underlying source documents.

The solution is targeted at sell-side firms, investors, wealth managers and hedge funds, and offers “comprehensive coverage, rigorous validation processes, seamless integration into existing systems, and a flexible service model”.

Data for 3.6 million US instruments are among the datasets available through SIX Fixed Income Data, encompassing municipal, corporate and government debt as well as structured finance.