Data Quality Tops List of Fixed-Income Market Challenges

Poor data quality has topped a list of challenges faced by fixed-income market participants in a survey by SIX.

The poll found that almost three-fifths of respondents said that issues such as mismatches in reference data, such as identifiers, or coupon details delaying settlements were the leading hurdles to smooth operations. Data integration was a problem for almost half of respondents and a third cited a lack of data transparency.

DMS USA Awards Winner Alkymi Launches Investment Data Management Tool

Private markets data an technology provider Alkymi has launched Alkymi Alts, an investment data management tool.

Alkymi, which won the Best AI-Based Data Management Capability going at A-Team Group’s Data Management Summit USA Awards this year, said the new service “streamlines complex workflows, automates data extraction and validation, and provides powerful analytics with configurable dashboards, all integrated seamlessly with portfolio management, accounting, and CRM systems”.

ESG Reporting Platform Greenomy Acquired by Position Green

Sustainability reporting solutions provider Greenomy has been acquired by ESG software developer Position Green.

Brussels based Greenomy, which had been majority funded by Euroclear, is hoped to provide Position Green with an across-the-board analytics and compliance offering.

Acceldata Makes Agentic Data Management Platform Available to Clients

Clients of data observability technology company Acceldata can now utilise the company’s artificial intelligence agents to unify governance, quality, catalogue and observability processes.

Its Agentic Data Management platform will “enable enterprises to move from static governance and monitoring to dynamic, agentic systems that anticipate needs, adapt in real time and operate at scale”, said Acceldata chief executive Rohit Choudhary.

SimCorp Extends Private Markets Capabilities

FinTech provider SimCorp has introduced a private markets products to enable general partners, fund administrators, alternative investment fund managers), management companies and depositories to automate their operations.
SimCorp Alternatives adds to the Danish company’s existing total portfolio view offering for private asset owners within its SimCorp One platform.

Banks’ Data Estates Still Not Ready to Leverage AI and Innovations: Report

Banks still have gaps in their data management capabilities, which are preventing them from fully utilising new technologies such as artificial intelligence, according to a report by Cornerstone Advisors.

The consultancy’s “Improving Your Financial Institution’s Data IQ” study stated that lenders scored “50 out of 100” for their ability to acquire, manage and use data. But it added that shortcomings like siloed tech stacks and manual processes, such as continued use of spreadsheets, were mitigating against then taking full advantage of innovations.

“The banking industry stands at a critical inflection point as artificial intelligence (AI) transforms core banking operations, customer experiences, and risk management frameworks,” the report stated. “Although AI promises unprecedented efficiency gains and competitive advantages, many banking institutions are struggling to bridge the gap between their current data infrastructure and the sophisticated requirements of modern AI systems.”

Diginex Buys Matter DK to Expand ESG Data, Reporting Offering

Investor sustainability data and analytics provider Matter DK has been ESG reporting and supply-chain due diligence services and RegTech provider Diginex.

London-based Diginex said the acquisition of the Danish technology company, with a transaction value of US$13 million, would bolster its ESG service offerings worldwide by incorporating Matter DK’s advanced ESG data analytics, benchmarking and reporting capabilities.

Data and AI Key Investment Targets for Asset Managers, Survey Finds

A survey of asset managers by FE fundinfo has found that more than half of respondents are prioritising investment in data governance and integration to unlock operational efficiency at scale. The report noted also that more than two-thirds of the 100 senior leaders interviewed said their firms are actively deploying artificial intelligence across their operations.

AI-led Privates Data Startup Alkymi Raises More Funding

Alkymi, an AI-powered data specialist for private investors, has raised yet more capital from a variety of investors including Cornerstone Investment Capital and Canaan Partners, SimCorp and Northwestern Mutual Future Ventures. The startup, which had raised US$35 million in previous funding rounds, also said that Bob Greifeld, Co-Founder at Cornerstone Investment Capital and former Chairman and CEO of Nasdaq, has joined Alkymi’s Board of Directors.

ISS Stoxx Acquires Geospatial Climate, Nature Risk Analysis Firm Sust Global

Geospatial risk modelling and analytics provider Sust Global has been acquired by ISS Stoxx to be incorporated into its Sustainability Business.

Sust’s geospatial artificial intelligence engine analyses and seeks to find climate and nature patterns within geographical regions.

“This acquisition helps to underline our commitment to helping you better manage sustainability-related risks and uncover opportunities,” said Till Jung, Global Head of Sustainability Business.