Fenergo, a client management systems vendor, is offering a new level of integration with a financial crime-fighting offering of market data and risk management provider Refinitiv that is intended to streamline know your customer (KYC) and anti-money laundering (AML) compliance. Fenergo is launching an application programming interface (API) link from its client lifecycle management (CLM)… Read More >>
Firms Fined $26B Over the Past Decade: Fenergo
Have you ever wondered how much financial services firms have paid over the past decade in fines when they have been in violation of anti-money laundering (AML), know your customer (KYC) and sanctions regulations? Fenergo, mostly known for its client management solutions, decided to find answers to that question using “various sources, including regulatory and… Read More >>
39 Firms Take Part in KYC Blockchain Trial
Blockchain pioneer R3 recently announced that it conducted a four-day collaborative trial in May involving 39 financial services firms that tested more than 300 transactions via a know your customer (KYC) application that uses the R3 Corda blockchain platform. The trial was an exploration of how blockchain/distributed ledger technology (DLT) can advance KYC processes for… Read More >>
Vestmark Launches Outsourced Service for Trading Models
Vestmark is unveiling its Model Trading Service (MTS), a way to outsource model management, trading, rebalancing and account administration and cut overhead costs, say officials at the portfolio management software and services vendor. Citing Cerulli Associates, Vestmark officials argue that firms using models and outsourcing model portfolios will find it easier “to streamline their practices… Read More >>
Liquidnet & TradeSmart Partnership Targets Buy-Side Customers
TradeSmart Gets New Links to Liquidity With buy-side customers in mind, TradingScreen Inc. is partnering with Liquidnet, an institutional trading network, to allow the TradeSmart order and execution management system (OEMS) to access Liquidnet’s institutional liquidity and trading strategies, officials say. A TradingScreen offering, TradeSmart is a software as a service (Saas) targets best execution… Read More >>
Exchange Data International to Offer Key Content via QuantHouse
Exchange Data International (EDI) will be offering its securities reference data and end of day pricing through the QuantHouse hub of services accessed via application programming interfaces (APIs), which is intended to help a quant trader’s decision-making, among other operations. The London-based EDI has a content database that covers major markets, particularly emerging and frontier… Read More >>
ING Bond Traders Cut to the Chase via ‘Katana’
A.I. Tool to Bolster Decision-Making Rather Than Replace Traders With a Samurai sword in mind, ING is using an artificial intelligence (A.I.) tool, dubbed Katana, “to help bond traders make faster and sharper pricing decisions,” according to officials at the firm. The new tool has not been created to replace human traders but to “enhance… Read More >>
KPMG, Exiger to Apply AI to Sanctions Compliance
The U.K. branch of auditor and accounting firm KPMG is partnering with financial crime, risk and compliance solutions provider Exiger in a bid to streamline regulatory efforts for financial services clients, including sanctions against rogue nations, firms and individuals. KPMG officials say that the exclusive collaboration will involve Exiger’s artificial intelligence (AI) technology and the… Read More >>
R3, Synechron to Build DLT-based KYC Solution
12 Banks Support Synechron-R3 Effort Consultancy Synechron and enterprise software vendor R3 are collaborating to provide a know your customer (KYC) solution based on distributed ledger technology (DLT), and the partnership has the support of 12 global banks. Described as one of the largest DLT projects of the year, the KYC solution being developed will… Read More >>
Thomson Reuters Wins Three Asset Managers for KYC Wares
Three European asset managers, Legal & General Investment Management (LGIM), Candriam Investors Group and Fund Channel, have signed on to use know your customer (KYC) managed services from Thomson Reuters as a way to ease their due diligence burdens. The three firms are using the Org ID Know Your Customer (KYC) platform to meet KYC… Read More >>
