Former Quantexa Risk Head Patel Hired by AI-Specialist Galytix

Galytix, an AI firm for financial institutions, has hired former Quantexa leader Roshni Patel as chief growth officer, charged with accelerating global expansion.

Patel previously worked at Quantexa as global head of risk solutions, following more than 20 years at KPMG, Lloyds Banking Group and Moody’s Analytics.

As chief growth officer, he will manage global expansion across sales, partnerships and market development in the United Kingdom, Europe, the Gulf Cooperation Council and Australia.

Chief executive Raj Abrol said the new leadership team brings enough depth and relationships to accelerate operations in major markets.

Kalshi Names Sudhir Jain Compliance Chief as Prediction Markets Face Supervisory Scrutiny

Kalshi has appointed Sudhir Jain as chief compliance officer and head of regulatory affairs, adding derivatives-market supervisory experience as the prediction-market operator expands its institutional ambitions and faces a more contested regulatory environment.

Jain joins from Patomak Global Partners, where he worked on derivatives, compliance and risk-management advisory matters after five years at the National Futures Association. His background gives Kalshi experience in examination, rule compliance and market-structure controls at a time when event-contract markets are drawing closer attention from the Commodity Futures Trading Commission, lawmakers and state authorities.

The appointment comes as Kalshi seeks to move beyond its retail base and build services for larger financial institutions, including block trading and margin-based activity. That shift raises the compliance threshold. Institutional participation brings greater expectations around onboarding, market surveillance, trade monitoring, conflicts controls, enforcement procedures and evidence trails.

Kalshi operates through KalshiEX, a CFTC-designated contract market (DCM). That status places the exchange within the federal derivatives framework, but prediction markets remain a young category compared with futures and options exchanges that have decades of supervisory precedent behind them. The core compliance challenge is therefore not only licensing, but whether event-contract markets can evidence controls that match their growth, trading volumes and market-integrity risks.

Insider trading is an area of focus. Event contracts can create direct exposure to political, economic, sports or other real-world outcomes, making material non-public information a more visible risk than in some conventional market settings. Recent enforcement attention has reinforced the need for faster detection, investigation and disciplinary processes across prediction-market venues.

For Kalshi, Jain’s appointment signals a move to strengthen compliance and regulatory engagement as the sector becomes more institutional, more politically visible and more exposed to questions about market integrity, customer protection and jurisdictional boundaries.

Come and hear Sudhir at A-Team Group’s Trading Technology Summit in New York on 11 June.

Muinmos Adds Paul Ford as Investor and Board Advisor

Muinmos has appointed financial services entrepreneur Paul Ford as an investor and advisor to the Board, adding operational risk, RegTech and scaling experience as the firm looks to build out its AI-led compliance capabilities.

Ford brings more than 25 years’ financial services and operational experience. He was Founder and CEO of Acin, the London-based RegTech and AI operational risk provider, which he scaled over eight years before its sale to CUBE, an Hg portfolio company, in 2025. Acin followed Anchura Partners, the operational risk consultancy for bank chief operating officers that Ford founded in 2010.

His earlier career included senior operating and technology roles across financial institutions, including COO at Barclays Wealth, COO at Credit Suisse, and Director at Dresdner Kleinwort Wasserstein, where he focused on e-trading and post-trade processing. He began his financial services career at Accenture, building trading, clearing and settlement systems for capital markets, after serving as a British Army Officer in the Royal Engineers.

The appointment comes as Muinmos reports increased interest in its orchestrated AI agents for know-your-customer (KYC), know-your-business (KYB), client classification, risk assessment and lifecycle management. The company’s proposition sits around the use of automation and AI to support due diligence and compliance controls across the client lifecycle.

Remonda Kirketerp-Møller, Founder and CEO, Muinmos, said: “Paul has extensive expertise in scaling businesses in our sector, and we are very excited that he is joining our Board. Financial institutions are increasingly recognising the value that Muinmos delivers, from strengthening compliance and enhancing the client experience, to providing continuous due diligence throughout the client lifecycle.”

Ford’s experience is relevant to Muinmos’ next phase because it combines RegTech entrepreneurship with operational risk and financial-market infrastructure knowledge. His work at Acin and Anchura Partners gives the company access to expertise in building regulated-sector technology businesses around control frameworks, operating models and institutional adoption.

Ford said: “Several aspects of the business strongly resonated with me – from its data-first approach through to the clarity of Remonda’s leadership, vision and drive in addressing compliance pain points.”

He added: “The focus now is firmly on execution and scaling and, having been through a similar growth journey myself, I look forward to providing guidance and support as Muinmos continues to expand.”

Ford joins a Board that includes Lars Holst, Lars Torpe Christoffersen, Ashraf Agha, Michel Paul André, Remonda Kirketerp-Møller, and Anders Kirketerp-Møller.

CFTC Moves to Defend Federal Perimeter for Prediction Markets

The Commodity Futures Trading Commission (CFTC) has sued the State of Wisconsin after the state brought civil actions against Kalshi, Polymarket, Crypto.com, Robinhood and Coinbase over prediction market activity.

The action, filed on 28 April 2026, extends a widening federal-state dispute over the regulatory treatment of event contracts. The CFTC argues that Congress gave the agency exclusive jurisdiction over specified derivatives products, including event contracts traded on designated contract markets (DCMs), and that states cannot use gambling laws to disrupt federally regulated market activity.

The Wisconsin case follows similar CFTC action against New York, after that state also sued prediction market operators. The Commission has also filed lawsuits against Connecticut and Illinois and has intervened through amicus briefs in cases before the U.S. Court of Appeals for the Ninth Circuit and the Supreme Judicial Court of Massachusetts.

“States cannot circumvent the clear directive of Congress,” said CFTC Chairman Michael S. Selig. “Our message to Wisconsin is the same as to New York, Arizona, and others: if you interfere with the operation of federal law in regulating financial markets, we will sue you.”

The dispute is becoming an important test of the regulatory perimeter around prediction markets. For regulated venues and intermediaries, the outcome could determine whether sports-related event contracts remain primarily a federal derivatives-market issue or face a more fragmented state-by-state enforcement environment. The CFTC has already secured a temporary restraining order in Arizona blocking a state criminal prosecution against a CFTC-regulated company, giving the agency an early procedural win in its broader jurisdictional campaign.

FIS and Anthropic Target AML Investigations with Agentic AI

FIS is working with Anthropic to bring agentic AI into banking operations, starting with a Financial Crimes AI Agent designed to support anti-money laundering investigations. The agent is intended to assemble evidence from bank systems, evaluate activity against known typologies and surface higher-risk cases for investigator review, with BMO and Amalgamated Bank among the first institutions working with the agent. Broader availability is planned for the second half of 2026.

The initiative points to a more governed model for AI in financial crime compliance, where the agent is not positioned as a replacement for investigators but as a way to reduce manual evidence gathering across fragmented systems. FIS says the agent will operate within FIS-controlled infrastructure, with client data remaining inside that environment and agent outputs traceable and auditable. That governance layer is likely to be a key consideration for banks evaluating whether agentic AI can be used in regulated investigative workflows.

Financial crime has been selected as the first use case because of the operational burden AML teams face. FIS cites the United Nations estimate that $2 trillion in illicit funds flows through the global financial system each year and says US financial institutions spend $35–40 billion annually on AML operations. Much of that work remains tied to manual evidence assembly before investigators can make risk-based decisions.

The Financial Crimes AI Agent is designed to connect securely to relevant bank systems, whether run by FIS or the bank, and compile the case evidence at the point an investigation is opened. The objective is to reduce case review time, lower low-value manual work and support investigative and suspicious activity report (SAR) narrative quality, while keeping final decisions with investigators.

Stephanie Ferris, CEO and President of FIS, linked the initiative to FIS’s role as data, governance and orchestration layer for bank AI deployment. “Every bank in the world wants AI that acts, not just assists. The future is about a trusted provider who manages the data, who governs the agents, and who stands between your customers and the AI making decisions about their money. FIS built the architecture that orchestrates this intelligence.”

Anthropic’s Applied AI team and forward-deployed engineers are working with FIS to co-design the financial crimes agent, combining Claude’s reasoning capabilities with FIS’s banking data, regulatory infrastructure, and compliance and fraud systems. Jonathan Pelosi, Head of Financial Services at Anthropic, said: “FIS brings decades of trusted relationships with financial institutions, deep regulatory knowledge, and the transaction data that makes an AI agent useful in practice. That’s why FIS chose Claude, they needed a model that could reason through complex investigations accurately, explain its work, and operate safely inside regulated workflows.”

The financial crimes agent is the first step in a broader agent roadmap. FIS says future use cases will include credit decisioning, deposit retention, customer onboarding and fraud prevention, delivered through a single governed platform. For banks, the development reflects growing pressure to move beyond AI pilots toward more operationally embedded tools that can satisfy compliance, auditability, data governance and human oversight requirements.

Eventus Names Cameron Routh CEO as Surveillance Vendor Prepares for Next Growth Phase

Eventus has appointed Cameron Routh as chief executive officer, placing a financial technology executive with more than two decades of experience in software and data businesses at the head of the trade surveillance and financial risk technology provider.

Routh succeeds founder Travis Schwab, who has led Eventus for 11 years and overseen the development of its Validus platform for trade surveillance across equities, options, futures, foreign exchange, fixed income and digital asset markets. The appointment comes against a market backdrop in which surveillance providers are under pressure to support broader asset-class coverage, higher trading volumes and more scalable monitoring controls.

Routh’s immediate priorities point to a combination of commercial expansion, client support and product investment. He said: “We are going to expand our global commercial and support presence and deepen our relationships with the world’s leading financial institutions. At the same time, we will continue to invest in product innovation, AI capabilities and additional functionality of the Validus platform. Our strategic focus as we grow will be on investing in client outcomes and experiences, responsive account management and seamless implementations.”

Terminus Capital Partners is positioned in the release as part of the company’s next growth phase. The firm is described as a growth-oriented private equity firm focused on business-to-business AI and software companies. For surveillance technology firms more broadly, growth is increasingly tied to implementation quality, alert calibration, cross-asset coverage and the ability to support high-volume, near real-time monitoring environments.

Routh most recently served as CEO of Delta Data, a software provider for the public assets pooled fund industry. His earlier roles include Head of Maxit Tax Solutions at Refinitiv, now part of London Stock Exchange Group, and senior leadership positions at Scivantage, where he helped develop the firm’s tax and analytics business. Earlier in his career, he co-founded GainsKeeper, which was later acquired by Wolters Kluwer.

Routh said: “Travis and the team have done an extraordinary job of developing scalable software that can meet the needs of the world’s largest financial institutions while also providing unparalleled expertise and collaboration with clients in fulfilling their objectives. I’m excited to be part of the Eventus team and partner with clients to lead the firm into the next phase of growth.”

Eventus said its Validus platform is used by tier-one banks, broker-dealers, futures commission merchants, proprietary trading groups, market centres, buy-side institutions, energy and commodity trading firms, and regulators. The company positions the platform around trade surveillance and financial risk monitoring across complex, high-volume and real-time trading environments.

Eventus Appoints Cameron Routh as Chief Executive Officer

Eventus, a global provider of trade surveillance and financial risk solutions, has announced the appointment of Cameron Routh as its new Chief Executive Officer. The transition follows a majority investment in the company by Terminus Capital Partners (TCP), a private equity firm specialising in B2B AI and software. Routh succeeds founder Travis Schwab, who led the firm for 11 years, establishing it as a market leader in the financial technology sector.

Routh joins Eventus with over 20 years of experience in scaling financial technology businesses. He previously served as CEO of Delta Data and held senior leadership roles at Refinitiv and Scivantage. A co-founder of GainsKeeper, Routh currently sits on the board of WealthHub Solutions. He holds an MBA from the University of Chicago and a BA from Boston University.

In his new role, Routh is expected to leverage his extensive background in tax analytics, software, and operational scaling to drive the next phase of growth for Eventus. His appointment marks a significant shift in leadership as the company integrates with TCP’s growth-oriented strategy for AI-driven financial services.

Zema Global Strengthens Leadership Team to Drive Long-Term Growth Strategy

Zema Global, the data and analytics provider for the energy, commodities, and financial sectors, has announced three senior executive appointments to its leadership team. Tina Morris joins as Chief Operating Officer to oversee operational excellence and the integration of AI-driven efficiencies. Frederick Winston has been appointed Chief Financial Officer to manage strategic scaling, while Javed Matin takes on the role of SVP, Go-to-Market Operations, focused on global customer value and revenue growth.

The new hires bring extensive industry experience from firms such as S&P Global, Confluence, and Behavox. These appointments follow the successful integration of the cQuant analytics platform, which Zema Global acquired in April 2025. The company now employs over 350 staff across seven international offices. Alongside these external hires, the firm remains committed to internal talent development as part of a broader strategy to leverage deep industry expertise for long-term enterprise value creation.

Xceptor Names Former Pershing Leader Dalla Brookshire as New CPO

Xceptor has appointed former Pershing and Vanguard leader Sareena Dalla Brookshire to the newly created position of chief product officer to help the capital markets data automation specialist advance its artificial intelligence product programme.

Dalla Brookshire, who has almost two decades of experience working in capital markets, is based in New York and will focus on “delivery of high-impact, client-led innovation across mission-critical capital markets workflows”, the company said.

“I’ve seen first-hand the challenges capital markets firms face when modernising within a highly regulated environment, and data plays a critical role,” she said in a statement. “Xceptor has built a powerful platform that enables operations teams to deliver trusted data across the trade lifecycle.”

Michiel Verhoeven, Xceptor’s chief executive, said Dalla Brookshire was well placed to help the company take on the “complex, mission-critical needs” of its customers.

SOLVE Appoints Michael Pellerito as Senior Vice President of Innovation

SOLVE, a provider of pre-trade data and predictive pricing for fixed income markets, has promoted Michael Pellerito to the role of Senior Vice President of Innovation. This appointment underscores the company’s commitment to integrating artificial intelligence and machine learning (AIML) into its product roadmap. Pellerito is tasked with accelerating the development of AI-driven capabilities to improve model usability and workflow integration, ensuring solutions remain practical for real-world market applications.

In his new position, Pellerito will oversee high-impact projects and foster cross-functional collaboration to align technical initiatives with SOLVE’s long-term growth strategy. His mandate focuses on driving measurable improvements in efficiency and accuracy to enhance the overall client experience. By bridging the gap between technical engineering and front-office insights, he will lead the firm’s efforts to scale its innovation agenda across the fixed income securities landscape.

Pellerito has spent a decade at SOLVE, contributing to sales, product management, and financial engineering. He previously collaborated with engineering teams to design several of the firm’s core pricing and risk models. Before joining the company, he held senior leadership positions at Bloomberg, where he specialised in developing evaluated pricing models for diverse asset classes.