This Week: Oracle/Deutsche Bank, Northern Trust, Charles River, Simcorp, and more

Oracle and Deutsche Bank announce collaboration to accelerate digital transformation

Oracle and Deutsche Bank have announced a multi-year collaboration to modernize the bank’s database technology and accelerate its digital transformation.

The agreement will see Deutsche Bank upgrade its existing database systems and migrate the bulk of its Oracle Database estate to Oracle Exadata Cloud@Customer, an on-premises deployment option of the Oracle Exadata Cloud Service, to support applications that either will not move to the public cloud or may in the future. This will provide a dedicated platform to support and scale the bank’s existing mission-critical systems and services including trading, payments processing, risk and capital planning, and regulatory reporting.

The two companies have also agreed to form a joint innovation partnership, bringing together Oracle and Deutsche Bank engineering and technology teams to explore potential uses for data security technologies, blockchain, AI, and analytics to shape the design of new financial products and services.

Northern Trust launches machine learning capability as part of digitization investment

Northern Trust has announced its launch of a machine learning-powered document capture capability as the foundation of a multi-year investment to digitize alternative asset servicing and enhance the experience for asset owners that invest in complex private market and unlisted assets.

Digital document capture enables Northern Trust to streamline historically manual workflows by automating the receipt and processing of alternative asset documents and fund manager reports on holdings and performance of hedge funds, private equity and other alternative assets. Northern Trust’s proprietary solution combines robotic process automation and cloud-based technology to provide transparency and data standardization that enables greater understanding of portfolio risk and performance.

The proprietary document capture tool is the first in a series of releases supporting Northern Trust’s strategy to harness emerging technologies to digitize alternative asset servicing, a growing sector of its asset servicing business.

Charles River IMS integrates with Cosaic Finsemble for app interop

State Street’s Charles River Development has announced a collaboration with Cosaic leveraging their Finsemble platform to streamline integration of third-party applications into the Charles River Investment Management Solution. Finsemble enables asset managers to connect their applications—modern or legacy, in-house or third-party—together with access to data from Charles River IMS.

Built on the Financial Desktop Connectivity and Collaboration Consortium protocol, Finsemble standardizes how applications communicate without having defined inter-application workflows prior to deployment. FDC3-enabled applications can participate in desktop workflows without any coding or manual integration, enabling faster deployment of new applications and extending the lifetime of legacy applications.

This announcement expands on the collaboration launched in 2020, which incorporated Cosaic’s ChartIQ charting and visualization application into the Charles River IMS.

SimCorp and SIX extend partnership to provide clients with data

SimCorp and SIX have announced an extension of their partnership, providing SimCorp clients with global reference, pricing, and regulatory data directly within SimCorp Dimension. The move responds to the strong buy-side desire for greater flexibility and choice in investment operations.

The integration is a key element in SimCorp’s continued Open Platform push to create an open and value-driven ecosystem to support the buy-side with more options for their investment operations.

SIX is the first to integrate its native feed for reference, pricing, and regulatory data directly into SimCorp’s flagship investment management platform.

The extension deepens the collaboration between SimCorp and SIX, which already includes the provision of corporate actions and sanctions data from SIX to SimCorp clients. The two will continue to build on their shared roadmap for regulatory coverage to help clients navigate the increasingly complex regulatory landscape. Looking ahead to February 2022, with the go-live of CSDR, SimCorp clients will be able to integrate SIX CSDR data as part of their regulatory response.

TP ICAP launches trading platform for crypto assets

TP ICAP, a market infrastructure provider, is set to launch an innovative wholesale trading platform for crypto assets, working in collaboration with Fidelity Digital Assets, Zodia Custody, and Flow Traders.

The new platform, which is subject to registration with the UK Financial Conduct Authority, will feature a wholesale electronic marketplace for spot crypto asset trading, including Bitcoin and Ethereum, as well as providing connectivity and post-trade infrastructure into a network of digital assets custodians. 

TP ICAP is working with Fidelity Digital Assets and Zodia Custody to ensure clients have a segregated and interoperable model for execution and settlement. The firms have collaborated to develop a new trading model where clients will be able to access liquidity at TP ICAP while their assets remain under custody at their digital asset custodian of choice. Fidelity Digital Assets and Zodia Custody will provide custodian services to the new platform.

TP ICAP launched its Digital Assets business, which enabled clients to trade crypto asset derivatives products, in 2019.

Architas selects NeoXam DataHub  for IT program

Architas, a global asset manager has selected NeoXam’s DataHub platform to support a broader IT and operational transformation program that includes the revamping of its existing front-and middle-office systems across their global multi-fund business.

NeoXam’s DataHub will serve as Architas’ central repository for securities, entities, benchmarks, and portfolios. The selection of Neoxam DataHub allows Architas to consolidate a number of in-house developed data management systems into one solution that will be used across its different investment hubs.

TNS providing market data from Weiner Boerse AG

Transaction Network Services can now provide market data from Wiener Boerse AG. The exchange group, which is operating the stock exchanges in Vienna and Prague, collects and distributes stock market data and calculates the most important indices of the region.

TNS delivers a broad spectrum of market data across most of the world’s largest exchanges in 22 countries, including the US, Europe, Canada and Asia, and will connect to Wiener Boerse AG via its rapidADH market data platform.

This latest addition is part of a period of strategic investment and development by TNS and complements its existing European equities data portfolio which includes CBOE Europe, Euronext, Aquis, LSE, Borsa Italiana, Nasdaq OMX Nordic and SIX Swiss.