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.

TP ICAP’s Parameta Widens Data Arrangement with ICE

Parameta Solutions, the data and analytics division of TP ICAP Group, has expanded its data distribution agreement with Intercontinental Exchange (ICE).
The expansion allows ICE to distribute Parameta Solutions’ over-the-counter market data across rates, fixed income, foreign exchange, money markets and energy via its consolidated feed.
The data is sourced from brokerage brands ICAP, Tullett Prebon and PVM.
“By combining the depth of liquidity and market expertise within TP ICAP Group with ICE’s global distribution capabilities, we are making hard-to-source OTC market data more accessible, usable and actionable,” said Lisa Ward Head of channel distribution at Parameta Solutions.
The consolidated feed aggregates content from more than 600 data streams and was already distributing exchange-traded data for ICE.

AI Needs Specific Regulations in Financial Services, University Report Urges

Bespoke rules covering artificial intelligence use are needed to limit risks to consumers and strengthen oversight across the financial sector, according to Durham University Business School, which studied the technology’s use in financial services.

Regulatory approaches are inconsistent across jurisdictions, with the European Union and China implementing specific legislation while the UK and US rely on principles-based approaches, the report stated.

“Financial services should not be governed by generic AI rules and instead need a model built around the sector’s particular risks,” Professor Habib Ahmed of the university’s Department of Finance wrote.

Identified risk areas include data mishandling, biased automated decision-making, reliance on external technology suppliers, and exposure to cyber threats.

It proposed a framework that sorts AI use into four tiers, ranging from banned applications to minimal-risk uses that fall outside the rules, building upon previous legislative models.

Dun & Bradstreet Makes AI Agents Available on Snowflake Marketplace

Commercial data and analytics specialist Dun & Bradstreet has made its conversational artificial intelligence agents available to clients on Snowflake Marketplace.

The integration combines AI with the D&B Commercial Graph, enabling users to interact with company intelligence through natural language directly in Snowflake.
The deployment provides a sample of business-to-business company and contact data to let users explore intelligence and automate lead scoring.

Rodrigo Rocha, vice president of global ISV and enterprise technology partnerships at Snowflake, said that combining entity resolution with Snowflake Cortex AI creates immediate value for enterprise customers.

Xceptor Expands SaaS to Switzerland and Japan

Xceptor has launched sovereign-grade software-as-a-service in Switzerland and Japan, expanding access to data automation, artificial intelligence and confirmations solutions to align with local requirements.

The move reflects tighter data sovereignty regulations that are being drafted and implemented around the world.

“Financial institutions operating in markets like Switzerland and Japan often have to navigate strict data sovereignty and technology outsourcing rules,” said Dan Reid, chief technology officer and co-founder at Xceptor.

“The new SaaS regions give our clients greater flexibility to automate mission-critical operations while ensuring data remains within their desired local jurisdictions. This represents an important milestone in our global SaaS strategy, focused on supporting clients wherever they operate.”

Delivered via Microsoft Azure, the service builds on existing hosting across the US, Europe, Middle East, and Africa, while the company previously launched a pre-configured tax option.

LemonEdge Lures $21m to Develop Fund Accounting Platform

LemonEdge, which has built a fund accounting platform for private markets, has completed a US$21 million series A funding round led by Blackstone Innovations Investments. BNY and Sidekick Partners also contributed, bringing total investment in the company to more than $30m.
The company appointed David O’Malley as chief executive and board chair alongside Katharine Briggs as chief growth officer.
“LemonEdge was built to simplify the complexity of the rapidly scaling private markets space, with global private market AUM forecast to reach $26.7tn by 2030,” O’Malley said.
The new capital will be used to accelerate product development and expand operations across Europe and the US. The company previously raised capital from investor Sidekick Partners.