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oneZero partners with New Change FX to boost client trading performance

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Clients gain access to additional robust, independent FX reference data within oneZero’s Data Source

BOSTON, April 18, 2024 /PRNewswire/ — oneZero, a global leader in multi-asset enterprise trading technology solutions, today announced the integration of New Change FX benchmark data feeds into oneZero’s suite of analytics in Data Source. The addition of this new stream of high quality, independent FX reference data will enable clients to further enhance their trading performance, by providing the option for clients to utilize the New Change FX reference data in reporting.

New Change FX is a leading provider of continuous, officially regulated benchmark FX rates that are constructed by aggregating data from the entire global market. New Change FX is independent of liquidity providers and venues and has been authorized since 2018 as a benchmark administrator by the UK’s Financial Conduct Authority.

Andrew Ralich, CEO and Co-Founder of oneZero, commented: “As a technology provider committed to market neutrality, our primary goal is to empower clients with transparency throughout the entire trade lifecycle. Since 2009, we have advanced our position as an industry leader by establishing a liquidity-neutral EcoSystem for our clients. Today’s integration with New Change FX exemplifies how our adaptable data framework further enables clients to seamlessly access value-added services within our network of data partners. We are committed to continuing to build in new capabilities alongside the industry leading data and analytics capabilities that have been developed within oneZero’s Data Source product.”

Paul Lambert, CEO, New Change FX commented: “oneZero provides clients with extremely powerful analytics via Data Source Insights, and the addition of New Change FX’s benchmark data takes that to a new level. FX analytics are proving increasingly important for liquidity management and at New Change FX we share oneZero’s view that independent data is key to objective price measurement and improved trading outcomes.”

About oneZero

oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology for over a decade. Its powerful software encompasses the Hub, EcoSystem and Data Source – three components that together provide a complete solution for execution, distribution and analytics. Through reliable connectivity, technology, infrastructure and market access, oneZero empowers financial institutions and brokers to compete effectively in the global financial markets through a globally compliant, liquidity-neutral solution. oneZero is certified to the standards of ISO 27001 information security management systems, and has development and operations centers in Asia, Australia, Europe and North America.

For more information, please contact:

Talia Geberovich
Head of Marketing and Communications
[email protected]

About New Change FX

New Change FX is an independent company dedicated to the measurement of foreign exchange pricing to deliver transparency and eliminate costs. New Change FX calculates independent benchmark rates which are published in real-time and used to support live trading processes. NCFX do not offer market access, trading or brokerage services and therefore users cannot directly influence the NCFX Benchmark calculation process.

To find out more please visit www.newchangefx.com.

The EU Benchmark Regulation ((EU) 2016/1011 of the European Parliament and the Council of 8 June 2016, “BMR”) came into effect on 1 January 2018 and introduces a common framework to ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds.
On 27 February 2018, HM Treasury in the UK passed into legislation the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018, thereby fully adopting the BMR.
In 2018, NCFX was granted permission by the Financial Conduct Authority (FCA) in the UK under Part 4A of the Financial Services and Markets Act 2000 to carry on the regulated activity of administering a benchmark.

In accordance with Article 27 of the BMR, NCFX provides benchmark statements for its families of benchmarks.

NCFX can be found on the FCA financial services register with firm reference number 793983. The FCA is the sole regulatory supervisor for NCFX.

For more information, please contact:

Kinga Broel-Plater
Chief Commercial Officer
E-mail: [email protected]

New Change FX

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Delta Capita, a leading financial services provider, has acquired the Client On-Boarding solution from the London Stock Exchange Group (LSEG).

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May 1, 2024

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UK-based Delta Capita has completed the acquisition of Client On-Boarding, an end-to-end KYC (Know Your Customer) client lifecycle management compliance solution, from the London Stock Exchange Group (LSEG). The financial terms of the transaction have not been disclosed.

Delta Capita, a leading provider of capital markets consulting, managed services, and technology solutions headquartered in London, views this acquisition as a strategic addition to its existing Karbon suite. The Karbon suite offers a comprehensive range of KYC services, tools, and solutions.

Philip Freeborn, co-head of global markets and wholesale banking services at Delta Capita, emphasizes that the acquisition will enhance the suite’s capabilities by incorporating full enterprise-grade CLM (Client Lifecycle Management) technology, due diligence, and client outreach services. He highlights the benefits for clients, including streamlining business processes, adopting a price per file model, and mitigating compliance risk, particularly in the current regulatory environment.

All clients previously served by Client On-Boarding, spanning institutions across the UK, Europe, North America, Hong Kong, and Australia, have transitioned to Delta Capita. Meanwhile, LSEG will continue to utilize the technology as a client.

Joe Channer, CEO of Delta Capita, underscores the significance of integrating Client On-Boarding into their suite, stating that it strengthens their KYC client lifecycle credentials. He believes that this addition will empower clients to more effectively fulfill their KYC and CLM compliance obligations.

Source: fintechfutures.com

The post Delta Capita, a leading financial services provider, has acquired the Client On-Boarding solution from the London Stock Exchange Group (LSEG). appeared first on HIPTHER Alerts.

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Capify, a UK-based online lender catering to small and medium-sized enterprises (SMEs), has secured a £100 million credit facility to support its lending activities.

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4 hours ago

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May 1, 2024

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Capify, an online lender specializing in SMEs, has recently announced securing a substantial £100 million credit facility with Pollen Street Capital, a UK-based alternative asset manager.

John Rozenbroek, serving as Capify’s CFO and COO, expressed enthusiasm for the new multi-year facility. He highlighted its role in expanding the lending capacity for SMEs ready to receive funding, while also enabling Capify to pursue its growth objectives. Rozenbroek emphasized the company’s commitment to enhancing platforms and customer experiences, aiming to streamline processes and accelerate decision-making for brokers and SMEs.

This achievement follows Capify’s previous success in securing a £75 million credit facility with Goldman Sachs in 2019.

Established in the US in 2002, Capify has since expanded its operations to Australia and the UK in 2008. The company offers a range of financial products, including merchant cash advance (MCA) and business loans, allowing merchants to repay their loans through manageable instalments.

David Goldin, the Founder and CEO of Capify, described the new credit facility as another significant milestone for the company. He emphasized that it underscores the strength of Capify’s business model and its commitment to providing swift, adaptable, and responsible support to SMEs in both the UK and Australia.

Source: fintechfutures.com

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APPRO Extends Partnership With Silent Eight To Enhance Their Already World-Class Compliance Offerings

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5 hours ago

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May 1, 2024

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SINGAPORE, May 1, 2024 /PRNewswire/ — APPRO, a digital powerhouse that simplifies the onboarding journey in retail banking, proudly announces the successful expansion of its strategic partnership with Silent Eight, marking a continuation of their shared commitment to accuracy, efficiency and real-time decision-making capabilities in their Name Screening programs.

Silent Eight enables the fight against financial crime with AI-powered detection and alert closure solutions across Name Screening, Transaction Screening and Transaction Monitoring.

Embracing the early integration of AI-driven automation into their financial crime programs, APPRO strategically fosters sustained agility and growth across the UAE.

“APPRO is thrilled to expand our partnership with Silent Eight. The early adoption of AI-driven automation is a testament to our dedication to robust yet agile management of our financial crime programs in the UAE’s fintech landscape. Preventing financial crime is of utmost importance to us and this strategic move positions us to deliver even more value to our clients.” Iftekhar Salim, CEO, APPRO.

“Silent Eight is proud of our continued collaboration with APPRO and are honored to be a part of their mission. We look forward to continuing to enable them for many years to come.” Matthew Leaney, CRO, Silent Eight

About APPRO

APPRO is a digital powerhouse that enables customers to cut through layers of daunting processes by offering an easy, paperless and hassle-free way of solving financial problems and getting access to the funds needed.

Partnered with leading banks such as Standard Chartered, HSBC and Arab Bank, APPRO offer an easy and quick credit application process that makes the on-boarding journey a breeze.

About Silent Eight

Silent Eight is a technology company that partners with financial institutions to create solutions blending the best of humans and the best of technology. Leveraging artificial intelligence Silent Eight’s Automated Alert Closure replicates human reasoning and decision making based on historical data and continuous learning. Silent Eight enables financial institutions to reduce false positives, increase accuracy, and enhance auditability of their compliance operations.

Silent Eight works with some of the largest banks and insurance companies in the world, including Standard Chartered, HSBC, First Abu Dhabi Bank and Emirates NBD. Silent Eight is headquartered in Singapore and has offices in New York, London, Warsaw, and Bangalore.

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