Our fintech roundup includes news from Temenos & BNPPSS, Nasdaq Trade Surveillance, ING, and Velocimetrics.
SIX Targets Users of the Open:FactSet Marketplace
SIX, an exchanges and market data company, reports that it has launched its Sanctioned Securities Monitoring Service (SSMS) via the Open:FactSet Marketplace (OFM).
SIX is targeting Open:FactSet users with this move and says that SSMS can mitigate risk by helping firms understand “the potential impact of sanctions on investment decisions,” say officials at SIX. “The service flags related entities and issued securities of ‘watched’ individuals or organizations who have been sanctioned by regulators or government bodies. It also identifies regimes under which each is sanctioned, drawing from various international regulatory bodies.”
For SSMS, SIX officials say the vendor monitors 7.5 million active instruments and more than 26,000 changes per week, “including regulator updates and shareholder changes.”
The Open:FactSet Marketplace provides access to financial and alternative data for investment professionals and “offers datasets that can be easily connected with proprietary models, algorithms and systems,” officials say.
“Adding regulatory data from SIX to the Open:FactSet Marketplace will make it easier for [investment professionals] to integrate key information into their investment workflows,” says Richard Newman, senior vice president and global head of content and technology solutions for FactSet, in a prepared statement.
Temenos & BNP Paribas Securities Services Renew Pact
Temenos, the banking software vendor, reports that BNP Paribas Securities Services (BNPPSS) has extended its license for the Temenos accounting and reporting software platform.
The agreement specifies that the Temenos software platform and integrated operating model “will deliver localized accounting and reporting to underpin the management of BNP Paribas Securities Services’ fund administration operations,” according to Temenos.
The renewal continues a relationship of more than 20 years, Temenos says. BNPPSS initially deployed the Temenos fund administration platform in Luxembourg to replace its legacy architecture and onboard new countries onto the platform.
As part of this long-standing strategic partnership, Temenos reports that it recently completed the integration of Temenos Multifonds Global Accounting into BNPSS’s domestic fund administration business in France. “Achieved in under two years, the project covered 1,300 fund accounts, representing over 20% of the total French market,” per Temenos.
A global custodian, BNPPSS is a wholly owned subsidiary of the BNP Paribas Group. Temenos AG, headquartered in Geneva, Switzerland, is a banking software specialist that tallies 41 of the top 50 banks among its clients.
Nasdaq Expands Trade Surveillance Capabilities
The Nasdaq stock market reports the expansion of its data discovery capability within Nasdaq Trade Surveillance, its surveillance solution for the sell-side industry.
Compliance groups that use this capability will have “deeper insight into trading and surveillance activity to extract additional insights and context for market abuse investigations,” Nasdaq officials say in a prepared statement, adding that “the data discovery technology is already operating in multiple firms.”
The data discovery capability will eventually be rolled out to other Nasdaq market technology platforms, Nasdaq adds.
“Data is and always will be the key source for decision making for an organization — how data is unlocked, processed and utilized is crucially important,” Valerie Bannert-Thurner, senior vice president and head of buy-side and sell-side solutions, market technology, Nasdaq, says in the statement.
“We believe our new capability opens doors for our trade surveillance clients to tap previously underutilized data to further enhance their operations, advance their surveillance, as well as differentiate and empower their business strategy,” Bannert-Thurner says.
ING Turns Analytics Portfolio Tool into Katana Labs
ING has spun out Katana, its analytics platform, into a London-based standalone company called Katana Labs.
ING Ventures will invest a further £1.5 million alongside other investors, as part of a £3 million funding round.
ING’s parent company is the ING Group, a Dutch multinational banking and financial services corporation headquartered in Amsterdam.
New Platform Inspects Cloud-Based Data Traffic
Velocimetrics, a London-based business flow tracking vendor, has released stream2Cloud, a platform to help financial services firms conduct cost-effective, real-time, enterprise-wide analytics and inspections of data packets from multiple, remote sites, including on-premise installations, and private, public or hybrid clouds, officials say.
The stream2Cloud platform offers a way for a distributed financial services enterprise to do “packet capture, storage, analytics and data aggregation from multiple locations,” on officials say.
The new platform, which offers real-time analytics, is compatible with other Velocimetrics products, officials say. In fact, it can be integrated with the vendor’s VMX EndToEnd for finance-specific analytics and visualization.
“Many companies want to run analytics across the distributed enterprise but are unable to do so because of the prohibitive costs and/or complexity,” says Steve Colwill, CEO of Velocimetrics, in a statement.