GoldenSource, the leader in providing Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the securities and investment management industry. Today the company has announced that the Australian Securities Exchange (ASX) selected its latest technology to fully automate the creation and rollovers of approximately 20,000 futures and options contracts annually.


The contracts will be created and published on intra-day, weekly, monthly and quarterly cycles depending on the asset class. All ASX’s new equities and futures listings are now automatically published to multiple operational and test systems, removing manual maintenance by four operations teams.The move is part of ASX’s Futures Contract Maintenance Automation (FCMA) project, which will make it easier to manage complex derivatives contracts.

During a recent production run, more than 3,300 records were automatically listed over three separate environments. Previously this would have involved manual triple keying into different systems, so this is a significant efficiency gain. 
ASX, which has been using GoldenSource software since mid-2012, aims to reduce maintenance costs and risk, as well as speed up new product development through this latest enhancement.

“It’s a great achievement that the go-live has gone so smoothly, considering that the upgrade was implemented simultaneously with a major increase in functionality,” said Neill Vanlint, Managing Director, of EMEA and Asia at GoldenSource. “With no signs of slowdown in the creation of new derivatives contracts, increasing automation is key to solving the maintenance overhead issues facing the majority of exchanges today.” 

The implementation represents a significant increase in GoldenSource’s footprint at ASX, and is the latest step towards the exchange consolidating its reference data platforms. 

Real-time, Cross-channel Banking Enterprise Financial Crime Management software product company CustomerXPs today announced that it will be showcasing their acclaimed product Clari5 at the upcoming MEFTECH event scheduled to be held at ADNEC, Abu Dhabi on 13 & 14 March.

MEFTECH brings together the entire financial technology community from across the Middle East and North Africa (MENA) region. Featuring industry-leading conferences, a tightly focused trade exhibition and much more, MEFTECH is the definitive platform where top decision-makers share insights with technology providers and collaborate to rethink financial services. Year after year, MEFTECH attracts the MENA financial industry’s best and brightest minds, serving as a conduit for innovative ideas and thinking.

Voted Best Fraud Detection Product by Risk.net and positioned as Enterprise Solution in Chartis RiskTech Quadrant, Clari5 has the world’s largest implementations and is helping banks in over 8 countries, manage more than 500 million accounts. Clari5 is a non-invasive, real-time, cross-channel system that cross-pollinates intelligence from across all channels and business-critical systems including Core Banking, Loans, Mutual Funds, Cards, POS, ATM Switch, Internet Banking, Mobile Banking, SWIFT, Trade, HR, etc. Its unique architecture ensures horizontal linear scaling using commodity hardware.

Rivi Varghese, CEO, CustomerXPs said, “Banks in MENA are under increasing pressure to quickly detect, prevent and block cross-channel fraud and financial crimes across banking channels, products, and core systems in real-time. The efficacy increases dramatically when the bank unifies all fraud management into a single platform with a 'central-nervous-system approach' which ensures that the massive compute and data management is performed in extreme real-time, across all channels and in-line with the transaction itself. I am excited that we have a platform like MEFTECH that allows banks in MENA to discover this whole new approach to fraud management.”

CustomerXPs will be showcasing Clari5 at ADNEC D4, Hall 5 along with Finesse, their premier technology partner for MENA.

VIMOC Technologies (VIMOC), an innovator of smart infrastructure solutions and Internet of Things (IoT) applications, today announced the general availability of the neuBox™ OEM solution, the industry's first IoT edge computing device with an integrated embedded platform for artificial intelligence (AI), enabling the transformation of sensory data into business and operational intelligence through the fast, scalable and global deployment of IoT applications and cloud services.

VIMOC has selected the NVIDIA Jetson TX1 to deliver advanced AI capabilities and process visual sensory data at unprecedented levels of speed and accuracy. The Jetson TX1 is the world's leading embedded AI computing platform that delivers unmatched performance and energy-efficiency. This makes it an ideal solution for VIMOC's customers seeking to gather and process real-world data and convert it to meaningful intelligence that can be used to monetize their IoT enabled business models.

The Internet of Things is transforming organizations across all industries worldwide to enhance productivity and drive cost savings. However, connecting many "things" can be complex, expensive and time consuming. Today's conventional platforms aren't optimized to handle streaming sensor data with spatial and time-series attributes, and real-time imaging data. Existing IoT solutions are unable to provide the scale and performance that allow this type of data to be analyzed in real-time for immediate action. 

By deploying a fleet of neuBox edge devices in an intelligent network, customers can create a cognitive computing layer distributed geographically, providing access to live data for advanced, real-time analytics. The neuBox™ enabled Rosella™ software stack includes a modular wireless connectivity design (i.e. supporting standards such as BLE, Zigbee, Lora, 3G/LTE, WiFi) to manage any type of machine, including industrial equipment, infrastructure, building automation systems, laboratory and medical equipment, automation systems and construction equipment. neuBox™ devices can be monitored, managed and controlled remotely through Rosella™ cloud device management services. 

The neuBox edge device meets requirements for reliable low-latency response processing data at the edge for high-traffic volume and selective transmission through distributed computing.

"We designed the neuBox device to strengthen the IoT infrastructure by off-loading the processing to the edge before passing it to the cloud," said Tarik Hammadou, CEO of VIMOC Technologies. "Our partnership with NVIDIA and the integration of the Jetson platform within our full stack, Rosella™ software enables us to deliver the next-generation of AI-driven gateways that promises to revolutionize IoT and automation."

"As more AI moves from the cloud to the edge, Jetson is the best platform to turn complex data into powerful insights. Our work with VIMOC ensures more cities and their infrastructure are intelligent and secure," said Deepu Talla, vice president and general manager of the Tegra business at NVIDIA.

The neuBox is available for original equipment manufacturers (OEMs) to build into their solutions or for building and factory automation customers as a turnkey IoT solution. The neuBox supports enabling applications with a deep learning framework through next-generation SDKs built around data annotation and neural network training services.  

For infrastructure operators, the neuBox is the vehicle enabling deep learning technology to address many pressing problems including energy consumption, asset management, traffic congestion, and more. For example, campuses like the University of Santa Clara are already using neuBox™ gateways to enable two IoT applications for pedestrian crosswalk safety and parking garage occupancy, the city of Palo Alto implemented a safe route to school program using 45 pedestrian/bicycle counting stations, and parking garages in Redwood City are using the neuBox to enable a parking way finding solution with high resolution LED signage. 

The challenge of expanding consumer finance to China’s vast population can only be effectively tackled with a high-tech solution that enables low-cost customer acquisition, Dr. Zhengyu (Zane) Wang, founder, chairman and chief executive officer of China Rapid Finance Limited (“CRF” or “the company”), told the LendIt USA 2017 conference.

Over the past two decades, China has emerged from being a market that in 2000 featured essentially no credit bureau, decision science, or consumer finance, Dr. Wang said in a March 7 keynote address at LendIt USA 2017, which was held at the Jacob Javits Center in New York City. China’s consumer finance market today boasts many of the same elements as the U.S. China now has a central bureau for credit reporting that covers 800 million people, while credit cards serve about 300 million people, he said.

Still, China’s consumer finance market has a long way to go, in a nation where non-mortgage credit is only 2 percent of GDP, Dr. Wang told the LendIt audience. Only about 16 percent of Chinese consumers have credit cards, compared with about 60 percent in the U.S. 

Some 500 million people still have no access to consumer credit, despite having quality jobs, and rising discretionary spending, Dr. Wang said. This consumer segment has been labeled by CRF as Emerging Middle-class Mobile Active consumers, or EMMAs. The group is characterized by people who are typically 18-29 years old, well-educated, urban, and avid smartphone users. Licensed financial institutions have generally not served this population for a variety of reasons, including the strict regulation of lending rates, and the high cost to collect data from such a large group, he said.

Serving this group effectively demands a high-tech solution utilizing Big Data analytics, Dr. Wang said. CRF has become the largest consumer lending marketplace in China in terms of number of loans facilitated by developing innovative and proprietary technologies that use machine learning and Big Data algorithms to analyze thousands of points of non-traditional and unstructured data. The company uses multiple data channels and draws from online behavior and transactions as data sources, enabling low-cost customer acquisition, he said.

The company’s marketplace lending platform is the only one in China to use Predictive Selection Technology to acquire customers on a massive scale at low cost. This has allowed CRF to facilitate more than 10 million loans as of December 31, 2016.

CRF’s unique technology helps EMMAs to build their credit histories by enabling a “low and grow” strategy to meet their lifetime credit needs. Users start with small consumption loans, to pay for a dinner or an e-commerce purchase, and through repeat borrowing and timely repayment, they can work their way up to larger lifestyle loans for purchases such as travel, education and healthcare.

FlexTrade Systems, a global leader in multi-asset execution and order management systems, today announced that Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTRADER EMS to facilitate global cross asset trading of futures, equities and FX.

According to Alan Sheen, Co-Founder and Director, Dalton Street Capital, choosing to partner with FlexTrade was an easy choice after reviewing the firm’s trading solutions and technical support. “FlexTrade’s multi-asset trading EMS, combined with its automation capabilities and intuitive API interface, were truly impressive,” said Sheen. “Now we can automatically hedge our foreign exchange exposure while seamlessly managing cross asset risk.”  

Sheen continued: “Also, one of our primary concerns was finding a firm that would be there for us as our trading requirements increase. Once again, FlexTrade fit the bill.  With their exceptional technical expertise and development capabilities, we feel we have a technology partner in which we can expand and grow our business over the long term.” 

“We are thrilled to partner with Dalton Street Capital and Prodigy Investment Partners,” said Dan Enstedt, Vice President of Business Development for FlexTrade’s Sydney-based operations covering Australia and New Zealand.”  It’s vital for a firm such as Dalton Street Capital to be able to handle all their global multi-asset flow through one execution platform.  With FlexTRADER’s seamless API integration capabilities, Dalton Street Capital can streamline their quantitative investment approach, providing the ability to trade quickly and efficiently across global markets ensuring best execution.”

FlexTRADER is an award-winning, fully customizable execution management system (EMS) with pre-defined trading strategies and tactics for portfolio and single stock trading across all asset classes, including equities, FX, options, futures and fixed income. 

Dataiku, the maker of the collaborative data science software, has been named a strong performer in “The Forrester Wave™: Predictive Analytics And Machine Learning Solutions, Q1 2017.” The report by Forrester Research included 14 of the most significant vendors in Predictive Analytics and Machine Learning (PAML) solutions and evaluated them against 23 criteria grouped by current offering, strategy, and market presence. 

Forrester analysts recognized that Dataiku’s guiding inspiration is “to offer a data science platform that lets coders use a notebook when they must, but use visual tools to build workflows when productivity is at a premium.” The report also recognized that with better model management capabilities the company “is poised to challenge the leaders posthaste.”

In a market forecasted at a 15% compound annual growth rate (CAGR) through 2021¹, Forrester analysts say that PAML solutions today should drive data scientist productivity, allow polyglot programming, and the ability to accommodate non-data scientists into model creation.

Dataiku co-founder and CEO Florian Douetteau commented, “We are thrilled that Forrester has recognized what we consider to be a fundamental component of data science production - that companies who want to innovate around data should provide their teams with the tools that enable all members to work efficiently.”

Last month, Dataiku released version 4.0 of their software platform, a major upgrade that enables seamless collaboration across large teams, improves the ability to segment and score large customer-bases, and introduces compliance and regulatory capabilities, in addition to a plethora of new features that bring scalable data science to any organization, from small startup to global enterprise.

Hundreds of customers including NPR, AXA, Hostel World, KUKA, and L’Oreal,  use Dataiku DSS on a daily basis to collaboratively build predictive dataflows to detect fraud, reduce churn, optimize internal logistics, predict future maintenance issues, and more. Dataiku has offices in Paris and New York.

●     Kofax^®, a leading provider of software to simplify and transform the First Mile™ of business, today announcedthat a top 10 global bank has deployed the Kofax Mobile Credit and Debit Card Framework and the Kofax Mobile Capture™ Platform to allow customers to activate new credit cards by taking a picture of the card using the bank’s mobile app.

●     The bank’s app now allows a customer to activate a new embossed or non-embossed credit card by taking a picture of the card. The credit card account number and expiration date are automatically extracted and used to accelerate the activation process.

●     This capability is expected to significantly enhance the customer’s experience while easing the activation process, shortening the time to card usage and increasing revenue growth potential.

●     Kofax Mobile Credit and Debit Card Framework enables banks to embed these capabilities in their mobile apps, helping their customers facilitate easier payments, balance transfers and new account openings.

●     Kofax Mobile Capture Platform enables organisations to create mobile apps that integrate capture and process management capabilities to streamline information-intensive customer interactions and extend self-service capabilities. It turns mobile devices into information capture devices that deliver a more engaging customer experience to “meet customers where they are” in an anywhere, anytime manner. With Kofax Mobile Capture Platform, organisations can improve customer service and accelerate transactions, thereby increasing revenue and customer loyalty. Kofax Mobile Capture Platform is the only platform in the industry that enables banks to create, deploy and maintain their own mobile capture solutions.