This Week: SocGen, Bloomberg, Fenergo, DTCC, Franklin Templeton & more

Franklin Templeton opens FinTech incubator in Singapore

Franklin Templeton has opened a fintech incubator in Singapore. The incubator was a joint venture between Franklin Templeton and the F10 Global Innovation Network (F10). The incubator focuses on supporting early-stage fintech companies in the areas of blockchain, digital distribution, and wealth management technology. BetterData, a data platform, is the first start-up selected from over 30 applications for the program.

To read more about Franklin Templeton’s innovation initiatives, click here.

SocGen joins Broadridge’s distributed ledger repo platform

Societe Generale, is now live on the distributed ledger technology repo platform (DLR) created by Broadridge Financial Solutions. The blockchain-enabled platform aims to accelerate the digitization of the global repo market. DLR couples distributed ledger and smart contract technology with existing operational account structure functionality, to enable real-time securities mobility in the repo market at scale.

Bloomberg’s launches Tradeable Trackers

Bloomberg has launched Tradeable Trackers, a suite of tradeable indices based on the Bloomberg Fixed Income Indices. Bloomberg’s new rules-based indices have intraday pricing available, which helps to minimize tracking errors while enhancing transparency and price discovery. The first Tradable Tracker index, due to be available in Q4 2022, will consist of 200 liquid bonds.

GAM Investments adopts Bloomberg’s buy-side Workflow Solutions

GAM Investments, the Swiss-based asset management firm, has adopted an integrated suite of Bloomberg buy-side workflow solutions. GAM has adopted Bloomberg’s multi asset risk system (Mars), liquidity assessment solution (LQA), and portfolio and risk analytics solutions (Port Enterprise), to streamline its risk and portfolio management. Bloomberg’s suite could provide GAM with the ability to manage market risk exposure, and liquidity and investment risk, through Bloomberg’s new factor risk models.

Hamilton Lane invests in alternative investment platform provider, CAIS

Hamilton Lane has invested in CAIS, an alternative investment platform provider. The alternative investment management services provider is the latest in a series of firms that have invested in CAIS, including Apollo, Motive Partners, and Franklin Templeton. Terms of the investment were not disclosed.

Gleif uses vLEI to sign its 2021 annual report

The Global Legal Entity Identifier Foundation (Gleif) has used a verifiable Legal Entity Identifier (vLEI) to sign its 2021 annual report. The vLEI, a digitally-trusted version of the LEI, has been designed to automate digital verification of the legal identities of businesses. The vLEI intends to enable a ‘zero trust security’ approach to be enacted across online platforms, to instill confidence in the verified identity of digital counterparties.

Fenergo launches ESG offering

Fenergo has launched a new solution designed to help financial institutions to reduce regulatory and reputational risk and streamline operations for environmental, social, and governance (ESG) compliance. The vendor has launched its ESG offering to allow firms to calculate climate, reputational and complementary ESG risks. Additionally, the offering aims to fulfil regulatory obligations including Sustainable Finance Disclosure Regulation (SFDR) and the Corporate Sustainability Reporting Directive (CSRD).

DTCC’s report hub community grows

The Depository Trust & Clearing Corporation (DTCC) has announced its community of users for its DTCC Report Hub service has grown to more than 70 firms. The increased adoption of the post-trade market infrastructure’s Report Hub comes as the industry prepares for forthcoming regulatory changes in global derivatives trade reporting. The DTCC Report Hub has been designed to assist firms with managing their pre- and post-trade reporting needs across 14 jurisdictions.

Canadian banks partner with CanDeal to deliver collaborative KYC Solution

CanDeal Group, an operator of Canadian market and infrastructure services, has partnered with five of Canada’s domestic banks to deliver a centralized know-your-customer solution. The collaboration mutualizes many of the costs and efforts of complying with KYC requirements. The move by The Bank of Montreal, Scotiabank, The Canadian Imperial Bank of Commerce, The National Bank of Canada, and The Royal Bank of Canada creates a common data and regulatory experience for the industry.

Kaiko raises $53M in funding round

Kaiko has raised $53 million in Series B funding. The round was led by Eight Roads, with participation from Revaia and existing investors Alven, Point9, Anthemis, and Underscore. Kaiko is a crypto market data provider that was founded in 2014. The investment will be used to expand Kaiko’s global presence. The vendor currently has four global offices in Paris, London, New York, and Singapore.