Investment Management
Genesis Global | September 25, 2023
Genesis Global, a low-code application development platform tailored for financial market organizations, has unveiled a new solution designed to streamline investment decisions for asset managers by aggregating new bond deal data. In the fast-paced primary markets for corporate bonds, asset managers often have just two hours to analyze and request allocations for new bond deals. The market's fragmentation makes this problem worse because banks use a variety of platforms, including DirectBooks, Ipreo (S&P Global), Bloomberg, Refinitiv, and email, to market about 40 new bond deals every day with frequent updates.
Genesis' customizable Primary Bond Issuance solution consolidates deal data from various sources into a single, real-time workspace. This workspace facilitates rapid decision-making by allowing portfolio managers, credit analysts, and traders to collaborate effectively.
Rahul Kambli, Product Manager for Primary Bond Issuance at Genesis, reportedly highlighted the pressure on asset managers to make quick decisions in the primary bond markets, stating,
Asset managers are under pressure to make decisions extremely quickly in bond primary markets, but failure is not an option because of the opportunity cost of missing out on the best deals.
[Source – Globe Newswire]
The Primary Bond Issuance solution incorporates AI-driven handlers to automatically process unstructured data received via instant messages and email, reducing the need for manual data entry. This AI technology is part of Genesis' broader investment in AI as a platform service across their solutions.
Key features of the solution include data aggregation, normalization, and scrubbing; AI-driven data processing; integration with analytics, reference data, and compliance systems; connectivity to order management systems for allocation requests; customizable alerts and workflow tools; full audit functionality; and collaboration tools such as Symphony for faster decision-making.
Genesis Global's Primary Bond Issuance solution is built on their low-code application development platform and offers configurability to suit user preferences for integrations and workflow design. It exemplifies Genesis' commitment to helping institutional asset managers automate their investment processes through modern applications that facilitate collaboration and data sharing among portfolio managers, traders, and credit analysts.
About Genesis Global
Genesis Global is a leading force in empowering financial market organizations with its software application platform. It specializes in creating high-performance, secure applications and transforming traditional development challenges. Genesis focuses on flexibility and excels in low-latency, high-throughput environments. It operates internationally from locations in important financial hubs with the support of Citi and the trust of organizations like BNY Mellon and ING.
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Payments
Central Payments | September 11, 2023
Central Payments has announced the introduction of an inventive disbursement platform known as PayCP. The portal, which Central Payments has developed in less than 30 days, aims to empower partners to initiate and oversee payouts and access historical and analytical information while delivering a fully-branded and user-friendly experience for customers to select their preferred method of fund reception.
The initial stage of PayCP introduces a range of payment options, including virtual Discover Prepaid Cards, physical Discover Prepaid Cards, real-time push-to-debit card transfers via Mastercard Send, and ACH bank transfers. Central Payments has an extensive plan in place throughout the rest of this year and into 2024, encompassing the enhancement of payment choices and the diversification of payout scenarios.
PayCP will act as a white-label, turnkey solution that enables businesses to offer their customers various options for receiving payments, according to Nikkee Rhody, Executive Vice President and Chief of Strategy at Central Payments.
She further pointed out that with the launch of PayCP, the platform can readily support various use cases, such as assisting companies in swiftly and digitally disbursing rebates, loyalty, incentive, or reward funds to their customers. This enables partners to transition from traditional paper check mailings and opt for secure, cost-effective digital methods.
PayCP will set itself apart with its cost-efficient and swift payout capabilities, presenting two noteworthy benefits - simplifying the prompt transfer of funds to a company's customer base and optimizing the payment procedure.
About Central Payments
Central Payments is a US-based financial services firm established by banking professionals to enhance financial experiences globally. The company specializes in creating, delivering, and maintaining payment solutions through its renowned proprietary OpenCP API Marketplace. This marketplace provides partners with a consolidated gateway to the full spectrum of payment services.
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Wealth Management
CapIntel | September 07, 2023
CapIntel has introduced a comprehensive digital wealth management platform called OMNI. This platform's capacity to provide a complete, all-encompassing perspective on their investments makes it easier for financial advisors to offer comprehensive guidance to their clients.
OMNI has been created to empower financial advisors, augmenting their client rapport. It is an interactive, user-friendly presentation generation tool that seamlessly incorporates compliance measures and secure sharing protocols. This integration facilitates the simplification of financial discussions, thereby fostering improved decision-making processes for advisors and investors.
James Rockwood, Founder and CEO of CapIntel, said,
With an ongoing commitment to advancing technology in the financial industry, OMNI sets the stage for a transformational shift in advisor-client and advisor-asset manager conversations. By providing advisors with a comprehensive and interactive presentation tool, OMNI aims to elevate the value proposition of advisors and create an impeccable digital experience for clients.
[Source: Cision PR Newswire]
He believes the introduction of OMNI would further strengthen the bond between advisors and their clients, ultimately improving their financial outcomes. He emphasized that this release marked a significant milestone in CapIntel's vision to reshape the financial industry and assist advisors in their digital transformation endeavors.
The CapIntel platform is centered around creating contemporary, easily accessible, trustworthy, enlightening, and personalized financial presentations. These presentations serve a dual purpose - enabling advisors to demonstrate the significance of human relationships and expertise while enhancing their comprehension of financial objectives and their attainability for retail investors. The forthcoming launch of OMNI represents an occasion for North American advisors to encounter this pioneering platform's capabilities and possibilities directly.
About CapIntel
CapIntel enhances the overall experience of wealth management professionals and investors through its user-friendly, web-based applications. At the core of the company's mission is elevating personal finance, with a significant focus on nurturing wealth growth through strategic investments while fostering meaningful dialogues between advisors and their clients. CapIntel's platform empowers financial experts to provide transparent, data-driven, and personalized information to their clients, enabling them to gain a deeper understanding of their investment portfolios and find reassurance in the security of their financial futures.
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Security and Compliance
PR Newswire | September 29, 2023
Opus, a global leader in payment technology solutions, has concluded a strategic partnership with Checkmarx, an industry leader in providing application security testing. This dynamic collaboration underscores Opus's unwavering commitment to security in the financial sector and represents a significant leap toward delivering unparalleled protection for its global list of clients.
Opus recognizes the vital importance of inoculating financial applications against potential vulnerabilities and threats that loom large in the digital era. This partnership combines the technical expertise of Opus in developing differentiated payment offerings with Checkmarx's cutting-edge and comprehensive application security platform.
Referring to the pressing need for enhanced security measures in the payments arena, Opus CEO Praveen TM said, "In an environment rife with ever-evolving cyber threats, financial data security is imperative. Opus is on an unrelenting mission to fortify the payment ecosystem. Our partnership with Checkmarx marks a significant milestone in Opus's mission to continually push the envelope and advance the security of the entire payment ecosystem."
This partnership further strengthens Opus' positioning as a strategic enabler, empowering clients to seamlessly embrace DevSecOps with Checkmarx's application security platform. The integration will allow Opus privileged access to Checkmarx One's features and advancements, enabling proactive enhancements for its clients' systems. Through proper configuration and automation, Opus' client will be able to identify, prioritize and respond to threats and vulnerabilities based on their business impact.
With real-time payments coming to the fore, the role of a robust application security platform is critical. With Checkmarx by our side, we are poised to deliver state-of-the-art security solutions that safeguard the future of finance. Together, we will help organizations accelerate their digital transformation journeys while ensuring that security is embedded into every stage of their application development process, Praveen TM added.
About Opus Technologies (formerly Opus Consulting Solutions)
Opus Technologies is a global provider of outcome-driven payment strategies. Opus combines its deep technology proficiency with unmatched domain expertise in payments and FinTech to deliver unparalleled quality and value in their work.
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