NeoXam Rolls Out AI-Powered IDP Automation Software for Private Markets

Data management and portfolio software provider NeoXam has launched AI-powered Intelligent Document Processing (IDP) to automate the ingestion, classification, extraction, validation and routing of unstructured financial documents across private markets and other sectors.
This product addresses the growing volume and complexity of private-asset documentation, such as capital calls, distribution notices, and quarterly fund statements.
IDP is a type of software that combines multiple technologies like optical character recognition (OCR), artificial intelligence and machine learning to process, understand and extract data from documents, transforming unstructured data into structured data for use in business systems.
IDP classifies each document, extracts required data fields and maps them to standardised schemas relevant to private-market data models.
The technology uses large language model-assisted parsing to enhance the recognition of domain-specific terms and layouts, while AI-based validations flag anomalies for review.
Neoxam said the solution is built for asset managers and servicers facing document sprawl, which causes fragmentation, slows onboarding and creates audit gaps.

Canoe, Prime Buchholz Extend Data Tie-up on Private Markets

Canoe Intelligence, which provides AI-driven software for alternative investment intelligence, and Prime Buchholz, a leading investment adviser and outsourced chief investment officer provider (OCIO), announced an expansion of their strategic partnership into a private markets intelligence solution.
Both firms’ capabilities will be connected across document collection, data validation and analytics to eliminate manual handoffs that can slow alternative investment workflows. The unified offering allows investment, research, and data teams to rapidly track performance metrics, analyse cash flows and identify exposures across alternative investments.
The enhanced solution builds on Prime Buchholz’s multi-year use of Canoe’s platform to automate the collection and AI-driven extraction of data from source documents for its 250 institutional clients.
Dan Ricci, head of information systems at Prime Buchholz, said the integration reduces the time to get portfolio company data from an industry standard of two or more weeks to “a couple days”.

SimCorp’s Axioma Risk to Stay on Innocap’s DMAP

Innocap has said it will continue using SimCorp’s Axioma Risk for risk analysis on its dedicated managed account platform (DMAP).
The agreement ensures that Innocap will maintain its use of SimCorp’s risk solution to serve its institutional allocator clients. The Axioma Risk solution provides risk monitoring, comprehensive stress testing, scenario analysis to assess portfolio resilience, and enhanced transparency into direct holdings and underlying exposures.
Andrew Lapkin, chief operating officer at Innocap, said the agreement reflects the value of the Axioma analytics suite, citing its “scalability, reliability and multi-asset class capabilities”.
Innocap’s platform uses Axioma Risk as its core analytics engine, processing risk assessments for hundreds of thousands of instruments monthly.
Unlike a traditional commingled vehicle, a DMA is an independent, customisable fund created for a single institutional allocator who owns and controls the segregated portfolio assets.

Bloomberg Unveils Commodity Indices

Bloomberg Index Services Limited (BISL), the company’s market benchmarks business, has launched two new commodity indices.
The Bloomberg Commodity Carbon Tilted, Transition Metals, & Gold Index (BCOMCTG) and the Bloomberg Commodity Global Oil & Gas Liquidity-Weighted Index (GCOMOGL) expand the firm’s commodity offerings.
These new thematic basket indices are forward-looking benchmarks aligned with themes like energy transition and infrastructure investment.
“These new indices are designed to track that evolution and the way commodities demand is being reshaped as a result,” said Jigna Gibb, head of commodities and crypto index products at Bloomberg.
The BCOMCTG Index underpins Fideuram’s recently launched D-X Diversified Commodities and Strategic Metals UCITS ETF. The GCOMOGL Index uses a liquidity-weighted methodology to track the global oil and gas sector.

UK’s FRC Issues Standard for Sustainability Data Assurance

The UK’s Financial Reporting Council (FRC) has issued International Standard on Sustainability Assurance (UK) 5000 to provide a consistent, internationally aligned assurance standard for voluntary use in sustainability assurance engagements.
The UK Standard is intended for voluntary use by UK assurance providers and applies to both limited and reasonable assurance. Sustainability assurance assesses the credibility of non-financial reporting, such as ESG data.
ISSA (UK) 5000 is a UK version of the global benchmark standard for sustainability assurance developed by the International Auditing and Assurance Standards Board (IAASB).
Mark Babington, executive director of regulatory standards at the FRC, said: “The release of ISSA (UK) 5000 marks a significant step in establishing a consistent framework for sustainability assurance in the UK.”

Singapore Regulator Frames AI Risk Reduction Guidelines

The Monetary Authority of Singapore (MAS), the city-state’s financial regulator, has issued a consultation paper proposing guidelines on artificial intelligence risk management for financial institutions.

The proposals apply to all financial institutions and set out expectations on oversight of AI risk management, systems, policies, procedures, life cycle controls and capabilities. These guidelines follow MAS’ supervisory review of banks’ AI use in 2024 and discussions with institutions.

Ho Hern Shin, Deputy Managing Director, said: “The proposed Guidelines on AI Risk Management provide financial institutions with clear supervisory expectations to support them in leveraging AI in their operations.”

LakeFusion Closes Funding Round to Expand AI MDM Offering to Financial Sector

AI-native master data management platform LakeFusion said it has closed its seed funding round after raising an undisclosed amount.

The investment was led by Carbide Ventures and will support the Austin, Texas-based firm’s expansion into sectors including financial services, real estate and healthcare.

The funding round underscores the demand for modern approaches to trusted data as enterprises increase their reliance on artificial intelligence.

“Our platform brings intelligence, scalability and simplicity to enterprise data,” said Vikas Punna, founder and chief executive of LakeFusion.

ESG Risk Platform GreenFi Raises $2m in Seed Investment

GreenFi, an ESG compliance risk management platform, said it has raised $2 million in a seed funding round that was led by Transition VC, India’s first energy transition-focused venture fund.

The cash injection will be deployed to expand the company’s distribution network and presence across key markets.

GreenFi uses artificial intelligence and language models to automate due diligence and reporting for compliance, which traditionally requires manual workflows.

GreenFi founder Barun Chandran said the company is building AI agents to enable teams to extract insights and streamline workflows.

FactSet Wins Market Data Supply Contract with TD Wealth in Canada

FactSet has began a multi-year contract to provide market data to TD Wealth in Canada.

The agreement installs FactSet Workstations for Private Wealth Management and TD Direct Investing employees nationwide. It also utilises FactSet content feeds and APIs to power the retail client portals in Canada. The deal is expected to enable simpler, faster execution across the businesses.

“Access to high-quality market data helps our colleagues simplify how they work and deliver faster for clients,” said Wallace Barbour, associate vice president, solutions and enablement at TD Wealth.

Acuity’s Agent Fleet Offers S&P Capital IQ Data

Acuity Knowledge Partners, which provides research and AI services to financial institutions, is integrating S&P Capital IQ data into its Agent Fleet platform.

The collaboration brings company intelligence, financials, estimates, transactions and professional data into the Agent Fleet platform. This enhanced offering builds on a foundation of more than 10 years during which Acuity has worked with S&P Global Market Intelligence.

“This integration deepens our decade-long collaboration with S&P Global Market Intelligence and demonstrates the strength of our work together,” said Cameron Allan, Global Partnerships Lead at Acuity.