ESG Book Clients Offered Access to Vyzrd Climate Technology

Sustainability data provider ESG Book is to use Australian firm Vyzrd’s climate risk technology to help clients assess their portfolios’ exposure to threats posed by global warming.

Clients of ESG Book’s SaaS-based platform will be able to use Vyzrd’s Climate Forward analytics to put a value on the risks that assets face from climate change and net-zero transition policies.

Taleo to Use CrateDB Data and Tech for Financial Clients

CrateDB’s database services will be used by Luxembourg-headquartered consultancy firm Taleo to help its financial clients with their data management and analytics processes.

Taleo will harness California-based CrateDB’s data to surface real-time insights in the banking, insurance and data management sectors. It will also aid clients in enhancing risk management and compliance capabilities, improve customer experience and loyalty, streamline underwriting processes and optimise portfolio performance, CrateDB said.

Writer Builds New LLM for Financial Sector

A new specialised large language model (LLM) has been created by American technology firm Writer for financial services firms based on its Palmyra products.

The Palmyra-Fin-70b model enables firms’ generative artificial intelligence (GenAI) platforms to assist in financial forecasting, investment analysis, risk evaluation, fraud detection, and asset allocation strategies, the company said.

The new LLM is available through NVIDIA, Baseten, Hugging Face and Writer’s own platform. The Palmyra suite of LLMs is already being used by firms including Vanguard, Franklin Templeton and Intuit, San Francisco-based Writer said.

Charities Fund Manager CCLA Deploys Finbourne’s EDM+

Investment data management solutions provider Finbourne Technology will take on a range of data management capabilities for the UK’s largest asset manager for charities, CCLA.

The British technology company, whose clients oversee more than US$4 trillion of assets, will provide CCLA with services via its EDM+ platform, which it says will help the client manage every asset class and access data sets from multiple providers. The service will also help CCLA enhance its reporting and investment performance evaluation workflows.

Latest Stage of UK SDR Comes into Force

The next stage of the UK’s sustainability disclosure requirements (SDR) came into effect today, enabling companies to use the Financial Conduct Authority’s (FCA) new labelling regime for investment products.

The four labels are designed to more accurately reflect the level of sustainability of each product. They have been designed, along with anti-greenwashing rules and guidance introduced in May, to strengthen the country’s sustainability markets.

Arcesium Opens Office in Lisbon

Data management provider Arcesium has opened an office in Lisbon, Portugal, its first in continental Europe.

The New York-headquartered company whose data and investment lifecycle services are used by financial institutions that have a combined US$4.3 trillion under management, said the move was part of its global expansion. It has also offices in the US, UK and India.

ISS STOXX Offers Banks, Insurers New ESG Compliance Data Tool

ISS ESG, the sustainability arm of ISS STOXX, has unveiled its Industry Average Emissions Intensity dataset for use by banks and insurance companies.
The latest addition to the Switzerland-headquartered data and technology provider’s Climate Solutions suite of tools is designed to help companies comply with regulations including the European Banking Authority (EBA) Pillar 3 ESG Disclosures. The tool gives clients the data needed to estimate the emissions of smaller companies and other investments on which sustainability data is scarce.

SymphonyAI Extends Financial Crime Data Solution

Artificial intelligence-powered software-as-a-service provide SymphonyAI has expanded its financial services offerings with a product to help organisations overcome entity data shortcomings that could enable financial crime.

The Palo Alto, California-based company said its Entity Resolution service enables clients to solve issues such as records duplication, poor data quality and data fragmentation. The company, which focuses its financial services business on fraud prevention, said the service would also aid in identifying concealed relationships, all of which could be used by criminal networks.

NeoXam Provides GP4 Solution to French Fund Administrator

French fund administrator FB Fund Services will integrate financial software specialist NeoXam’s GP4 product to administer its investment valuation, accounting, reporting, and auditing processes.

The unit of private equity group 123 Investment Managers (123IM) will deploy GP4 to monitor bookkeeping in real time, improve workflow automation and seamlessly integrate key data sources, Paris-based NeoXam said in a statement.

GP4 is designed to streamline back-office operations and is managed by NeoXam on behalf of clients. Its integration by FB Fund Services is expected to “reduce the long-term total cost of ownership and risk of its data operations and maintenance”, the statement said.

NeoXam’s software and technology helps clients process more than US$20 trillion-worth of assets every day for its 15,000-plus users.

DSB Publishes Stakeholder Feedback Report on ISIN, CFI and UPI

The latest report making recommendations for standards for identifying, classifying and describing over-the-counter derivatives has been published by the body charged with bringing order to the naming of the securities.

The Derivatives Service Bureau (DSB) said its Industry Consultation Final Report summarises feedback from industry stakeholders on the OTC International Securities Identification Number (ISIN), the Classification Financial Instrument code (CFI) and the UPI service provision.

This year’s report, the DSB’s seventh on the topic, focuses on proposed automation enhancements, data leakage prevention and data labelling for the US$20 trillion-plus derivatives market.

·     DSB managing director Emma Kalliomaki will be among speakers at A-Team Group Data Management Insight’s next webinar on Thursday, which will take a deep dive into how financial institutions can optimise their use of identifiers and standards. Click here to register for the event.