This Week: Deutsche Bank/FinLync, State Street/Paxos, Glue42/AllianceBernstein & More

Deutsche Bank partners with FinLync on API connectivity

Deutsche Bank has partnered with Finlync, a financial solutions provider for corporate finance firms and treasury offices. FinLync’s pre-built application programming interface (API) integrations will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings.

FinLync’s technology embeds up-to-the-moment bank data into any enterprise resource planning platform or treasury management system, enabling plug-and-play access to Deutsche Bank’s suite of APIs. 

Other benefits include cash forecasts and working capital efficiency through real-time payment tracking from initiation to receipt, beneficiary account pre-validation, and accelerated automated reconciliation.

Both parties plan to broaden the range of pre-integrated Deutsche Bank APIs to additional use cases.

State Street and Paxos partner for reduced costs and T+0 settlement

Blockchain infrastructure platform Paxos has partnered with State Street, a provider of financial services for institutional investors, on a pilot project integrating State Street’s custodial services into the Paxos Settlement Service.

Paxos Settlement Service is a clearing platform, built to address the structural problems of opaque margin, slow settlement, and high costs impacting today’s market participants. The private, permissioned blockchain solution is designed to allow two parties to settle securities trades through a modern clearing agency.

As part of the pilot, State Street was able to simulate the settlement and custody of shares on the Paxos platform and asset movements with Credit Suisse more efficiently. In addition, State Street was able to send settlement instructions to Paxos for cost-effective settlement while still delivering the required messaging to interface with existing settlement systems.

State Street, through its Digital and Alpha divisions, along with Credit Suisse, delivered the workflow and system adjustments to test the functionality of same-day (T+0) settlement.

Glue42 adds AllianceBernstein as new client

Investment firm AllianceBernstein has enlisted the services of Glue42, a desktop application interoperability provider, to help traders gain insights more efficiently, improve the trading experience, and optimize productivity.

The firm engaged Glue42 to support and organize its trader interface into a collection of micro-applications that form a cohesive workflow. As part of this approach, AllianceBernstein’s engineers will be able to build a framework that integrates and delivers apps in a timely manner and pushes new features to its traders daily. Traders will have access to one workspace, reducing the number of screens needed to monitor apps and review orders.

So far, the firm’s traders in its Nashville and New York offices are using Glue42 and have access to a workspace in which important information is pushed to traders in real-time without them having to load or monitor the systems directly.

Kepler Cheuvreux selects BMLL for order book analytics

Asset management and advisory firm Kepler Cheuvreux has adopted BMLL’s services for order book analytics and algorithm development.

BMLL will provide Kepler Cheuvreux’s quant research and algo development teams with access to the BMLL Data Lab and granular Level 3 data to carry out order book analytics and optimize algo performance.

The BMLL Data Lab is used by quants and researchers seeking alpha and actionable insight that can be integrated into quantitative research processes and production pipelines. It provides users with more than 6 years of historical data from 65 venues and combines it with APIs and analytics libraries in a cloud environment, allowing firms to perform scalable research without the burdens of data sourcing, data curation, and data engineering.

BMLL’s Level 3 Data and analytics are delivered directly into existing workflows.

Tower Research Capital adopts Torstone’s post-trade services

Electronic market maker Tower Research Capital has entered into an agreement with Torstone Technology, a Software-as-Service (SaaS) platform provider for post-trade securities, derivatives and cryptocurrency processing, to utilize the Torstone platform for post-trade processing global, across all traded asset classes.

Torstone’s post-trade platform is a multi-entity, multi-asset cloud-based SaaS solution, which will manage the trade capture, accounting, reconciliations, and corporate actions requirements for all of Tower Research Capital’s global entities.

MSIG Asia selects Clearwater Analytics for analytics and reporting

General insurer MSIG has selected Clearwater Analytics, a SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting, to support its transformation strategy, standardize its operating model, and provide a consolidated view of data, analytics, accounting, regulatory, and operational reporting across all of its entities.

MSIG will leverage the Clearwater Insurance-Investment Accounting as a Service platform to support growth and provide a digital experience across the investment and finance teams.

MSIG is a wholly owned subsidiary of Mitsui Sumitomo Insurance and a member of the MS&AD Insurance Group, one of Asia’s non-life insurance brands. MSIG’s Asia office, along with its business units in Hong Kong, Malaysia, and Thailand, will lead the transformation followed by more markets across the region.

Nomura plans to establish new digital asset company

Nomura Holdings has announced the creation of a new digital asset company that will offer institutional clients a comprehensive suite of trading, investor products, and investment services.

Due to launch later this year, the new digital asset company will provide institutional clients and investors with products and services linked to cryptocurrencies, stable coins, decentralized finance, non-fungible tokens, and other tokens.

The new company will operate as a wholly owned, segregated entity of Nomura Holdings, with dedicated capital and resources to accelerate time-to-market and ensure the pace of innovation required in the digital asset ecosystem. In addition to hiring external technologists, specialist staff from Nomura will be integrated into the new company.

The announcement follows the establishment of Nomura’s Digital Company, which was formed following a reorganization of Nomura’s Future Innovation Company and with one strategic intention of building Nomura’s presence in the digital asset space.

Fenergo launches SaaS solution for AML compliance

Fenergo, a provider of digital solutions for know-your-customer requirements and client lifecycle management, has launched a new financial crime risk solution titled FinCrime Risk.

The new solution is an API-enabled, SaaS tool that intends to enable financial institutions to centralize and automate risk assessment processes and streamline anti-money laundering compliance across all business lines and geographical locations.

The standalone regulatory offering is built on API-first, channel-agnostic technology that can be integrated into any technology environment and provides client and entity risk profiles that can be used by any permissioned user from any integrated platform. It also features pre-configured Financial Crime Risk Model accelerators based on criteria recommended by the Financial Action Taskforce. These are maintained on a dedicated no-code user interface.

Gemspring Capital acquires GoldenSource

Middle-market private equity firm Gemspring Capital has acquired GoldenSource, a provider of enterprise data management and master data management solutions to financial services companies.

Founded in 1984 and headquartered in New York, GoldenSource provides software that enables investment banks, asset managers, and capital markets services firms to manage and derive insights from their data. GoldenSource manages a wide variety of data, including securities, customers, entities, ESG, and other types. The company also provides related cloud hosting and managed services to enable ease of implementation and ongoing usage.

Kaiko launches new DEX liquidity pool datafeed 

Cryptocurrency market data provider Kaiko has launched a decentralized exchange liquidity pool datafeed. The offering, which covers decentralized exchanges (DEXs) Uniswap, SushiSwap, Curve Finance, and Balancer, intends to bring greater transparency to decentralized exchange liquidity pools for institutional investors and financial institutions.

Kaiko’s liquidity pool data provides tick-level liquidity events and pool snapshots for thousands of pools on the leading DEXs, helping DeFi investors better understand these complex markets. This data is collected block-by-block and is available both historically and in real time.

The new release follows the launch of Kaiko’s DEX data feed in November 2021, which also covers trade data for the five main Ethereum-based DEXs. Kaiko will now provide trade and liquidity data across the full spectrum of digital finance markets, enabling clients to have visibility on decentralized market structure.