This Week: Versana, Broadridge, Regis-TR and more

Versana unveils digital data platform for corporate credit market

Versana has launched its industry-backed syndicated loan platform, which digitally captures agent banks’ deal data in real time. Loan and position level details range from global borrower commitments and outstandings to historical transaction cash flows, positions on a fund-by-fund basis, and base rate contract details. The platform uses an open, permissioned-based system that centralizes corporate loan data from administrative agent banks’ books and records.

Versana was originally founded by a consortium of banks including JP Morgan, Bank of America, Citi and Credit Suisse with the aim of tackling operational inefficiencies and technological fragmentation in the US leveraged loan market. All four founding banks are now Versana subscribers.

The platform is focused on the US institutional market, covering term loan As and Bs.

Opensee raises €11 million in Series A

Opensee has raised €11 million ($11.69 million) in a Series A funding round led by Omnes Capital, with the participation of Laurion Capital and Societe Generale Ventures.

Opensee’s platform aggregates data alongside analytics intended to help with a range of front, back, and middle office tasks. These include risk management, regulatory reporting, trading decisions, and ESG analysis.

Opensee plans to use the Series A funding to develop AI analytics for automated data quality controls and certification, and multiple turnkey solutions delivered as a fully managed SaaS offering. Opensee will also grow its team of more than 70 data and financial markets specialists and target expansion in North America and Southeast Asia.

Broadridge and Strate announce strategic collaboration on proxy voting in South Africa

South Africa’s principal central securities depository, Strate, has launched a digital voting service aimed at encouraging shareholder engagement among retail and institutional investors. The vote-processing solution was developed alongside fintech company Broadridge Financial Solutions.

Users of the service can obtain receipt of “golden copy” digital meeting notifications sourced directly from Strate, a significantly extended voting window (up to meeting-date-minus-one) for underlying clients, and enhanced transparency through confirmation of votes submitted.

Fennel Financials partners with Eventus for trade surveillance on new investing platform

Fennel Financials will deploy Eventus’ Validus system on its mobile investing app. Validus will provide a customized trade surveillance program and anti-money laundering (AML) capabilities for Fennel’s app, which launched in mid-November.

Fennel positions itself as a data-driven equities investment platform. It provides users with ESG data and rankings on stocks and exchange-traded funds (ETFs) so that they can make informed investment choices.

Regis-TR partners with Arena Tech

European trade repository Regis-TR has added Madrid-based IT consultancy Arena Tech to its partnership program. By collaborating with consultants and providers, Regis-TR aims to equip clients with technological solutions to streamline reporting in compliance with Emir and SFTR regulations.