SteelEye, the compliance technology and data analytics firm, has launched an automated Three-Way Reconciliation solution to tackle MiFIR transaction reporting issues.

The technology enables firms to fulfil their reconciliation requirements, validate their MiFIR reporting data and easily address errors – ensuring that reporting has been done completely and accurately.

Complete and accurate reporting data is critical for regulators to maintain fair and orderly markets. However, the industry has struggled with data integrity issues since MiFID II came into effect.

Taking the next step in safe and user-friendly online identification

Worldline (Euronext: WLN) has become a member of the FIDO Alliance, a worldwide organisation that aims to standardise and bring interoperability in the authentication world. Through this membership, Worldline is taking a further step in its online identification strategy, as it is convinced that strong authentication, interoperability, and the use of biometrics are crucial in this regard.

 BMLL Technologies, the leading, independent provider of harmonised, historical Level 3 data and analytics has been named the “Best Workplace for Technologists” in The Financial Technologist Top 1% Workplace Awards 2021. Singled out from over 100 nominees, BMLL was recognised for fostering an exceptional workplace for technologists.

The judges highlighted access to market leading tools used to solve complex problems in a dynamic high-profile sector.  They also noted the open culture at BMLL which encourages teamwork and gives everyone a stake in the firm's future.  

Earlier in November Tinkoff disclosed its full carbon footprint for the whole  value chain 

Tinkoff has become the first Russian financial institution to join the Science Based  Targets initiative (SBTi), a global body enabling businesses to set ambitious science based emissions reduction targets in line with the latest climate science. It is focused  on accelerating companies and financial institutions across the world to halve  emissions before 2030 and achieve net-zero emissions before 2050. 

Horizon Software, a global leading vendor in Market Making and Algo Trading Technology, announced today the expansion of its Electronic Trading platform to include market making and agency trading functions in one single platform, powered by its algo framework.

Initially designed for Market Making and Algo Trading services, Horizon is now bringing Agency trading to the next level, by leveraging its expertise in latency, scalability and sophisticated algo and execution strategies to banks and brokers.

The latest Enterprise Capital Funds (ECF) programme Interim Evaluation Report reveals:

·       63% of companies invested in by an ECF supported fund were either seed or start-up, and 25% were early-stage – helping to close the early-stage ‘equity’ gap

·       388 UK-based companies funded by the programme between 2011-2019 created almost 8,000 jobs and generated £2.2bn in additional sales

·       Companies backed by ECFs grew very quickly, with annual rates of turnover and employment increasing by 76% and 48% respectively

• Pandemic impact on budgets during 2020 led to an average open banking spend of €32 million among European financial institutions compared to a projected €50-100 million
• Budgets have bounced back in 2021 – with investments in payment initiation topping the priority list for over two thirds (72%) of financial executives
• Use cases to improve customer experience and the onboarding process ranked joint second in importance (71%)

Sector lags behind on colocation, cloud and sustainability

Financial service enterprises are at the greatest risk of losing their competitive edge if they don’t take steps to digitally transform, according to new research commissioned by Telehouse International Corporation of Europe.

British Patient Capital has made a €30m commitment to Partech Growth II, which announced its final close today at €650m.

Partech is one of the most active tech-specialist venture capital firms in the world, and this latest fund is one of the largest growth funds in Europe. It aims to back between 12 and 15 digital scale-ups, investing between €20m and €70m in each business across sectors such as enterprise software, consumer, healthcare, financial services, education and other frontier technologies.