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Substantive Research launches dashboard for asset managers

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Substantive Research, the research discovery and research spend analytics provider for the buy-side, today announced the launch of their new, integrated Dashboard providing asset managers with detailed insights on their research providers’ pricing, sector coverage and investment in analyst teams.

Developed over the last 14 months, the Substantive Research Dashboard started as a simple overview of research providers and benchmark valuations of research spend, and has developed into a budget optimisation and research discovery tool. Additional functionality has been added in close collaboration with asset managers, to include analyst mapping, peer group comparisons, budgeting, rate card benchmarking and market trend reports.

Using the Substantive Research Dashboard, asset managers can:
• Track and benchmark price trends on research providers, including the industry rate for analyst calls, meetings, corporate access and conferences to ensure they are paying the right price for the service they require from their providers.
• Understand how brokers and independent providers have grown or decreased their sector teams and to what extent they have “juniorised” certain parts of their offering by replacing experienced with more entry-level analysts. This Analyst Mapping tool (launched in November 2020) enables asset managers to have an aggregate view over analyst moves across the market, evaluate where banks invest or disinvest, benchmark sector expertise gains and losses broker by broker, and ultimately decide how to allocate their research spend in relation to the areas and asset classes relevant to them.
• Crucially, the Dashboard allows buy-side firms to browse the mapped provider list and discover insights on pricing and sector coverage changes for providers and sectors that matter to them, both within and outside of their list. This enables asset managers to recognise new areas of quality and coverage inside and outside their existing research provider list – this is particularly important post MIFID II, as they are no longer allowed to access research that they haven’t paid for.

Mike Carrodus, CEO of Substantive Research, said: “Having worked with clients for three years to ensure our benchmarking methodologies address their specific use cases, it is clear that managers want the ability to combine insights on pricing and coverage with an understanding of how their providers are investing in research quality in the specific areas relevant to them. Our integrated Dashboard allows them to access these insights, to make sure they are paying the right price and also have an up to date understanding of what is happening to the future quality of their research supply.”

The investment research landscape has changed significantly since MiFID II and throughout the Covid 19 pandemic. Using the tools developed in close collaboration with asset managers, Substantive Research has been able to evidence a 12% loss of analysts in Europe vs a 4% loss in the US; a significant impact on research and analyst pricing during the pandemic, with the value of analyst meetings falling by 47%; and a general juniorisation of research, with the global research market losing 7,500 years of experience since MiFID II.

Jon Furse, Substantive Research CTO, added: “It is now more important than ever to have a clear understanding of the research provider landscape relevant to each asset management firm, from seniority to pricing and sector coverage, in order to optimise research spend while also being able to discover new, relevant providers. What we have set out to do, and have now delivered, is a set of tools that provides asset managers with transparency, insight and control to improve their investment processes and performance.”

The Dashboard is already in use with 50 clients; the roll-out to all Substantive Research clients will be completed in May 2021.

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Source: https://www.finextra.com/pressarticle/87361/substantive-research-launches-dashboard-for-asset-managers?utm_medium=rssfinextra&utm_source=finextrafeed

Payments

IBM and EY build centre of excellence to help FIs transition to the cloud

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IBM and EY have joined forces to create a centre of excellence dedicated to helping financial institutions accelerate their digital transformations with hybrid cloud solutions.

The majority of banking and financial services organisations have yet to deploy core systems to the cloud due because of the huge complexity and concerns over security, risk, governance and control.

According to a 2020 IBM survey, while 91% of financial institutions are actively using cloud services today or plan to in the next nine months, on average only nine per cent of their mission-critical regulated banking workloads have shifted to a public cloud environment.

The centralised virtual hub aims to change this, housing offerings in areas like regulatory compliance, digital trust, and security to help clients use the cloud at scale.

Available on IBM Cloud for Financial Services and built with Red Hat OpenShift, the hybrid cloud solutions leverage IBM technology and EY teams’ experience working with financial institutions.

Howard Boville, head, IBM Hybrid Cloud Platform, says: “As part of the Centre for Excellence, we’re helping financial institutions modernize their systems by integrating EY industry and regulatory experience with IBM’s open hybrid cloud and cognitive technologies, to ultimately fuel customer digital transformation.”

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Source: https://www.finextra.com/newsarticle/38019/ibm-and-ey-build-centre-of-excellence-to-help-fis-transition-to-the-cloud?utm_medium=rssfinextra&utm_source=finextrafeed

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Blockchain

DeFi Part 2 Investor Beware says Eeyore

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At a decentralised conference entitled The Pooh Corner Debate on DeFi, Eeyore kicked off (having won the coin toss) by pointing out 7 points that investors considering DeFi should think about: 

  • Blockchain transactions are irreversible and unregulated. If you lose money you have zero recourse, it is gone – poof! Irreversible and unregulated is a honey pot for crooks.
  • Software bugs can have the same impact as crooks. DeFi is technically complex, so there are plenty of coding errors and hacks. For example, Yam Finance quickly grew its deposits to $750 million in 2020 before crashing days after launch due to a code error. This is made worse by new services copying open-source software to create a competing platform, with problems as funds shift between platforms.
  • Modern crooks are expert at exploiting software bugs. Their gun is a computer and they know how to read code like ye olde bank robber knows how to open a lock. 
  • The DeFi FOMO is similar to the ICO (Initial Coin Offering) driver for the 2017 cryptocurrency bubble. A good story is NOT the same as a good investment. This will end in tears.
  • “Centralized DeFi” sounds like contradiction and it is. Binance Smart Chain (BSC) was pitched as a new paradigm of “Centralized DeFi”. You cannot have both Centralized and Decentralized; they are opposites.
  • Watching Wolf Of Wall Street does not give you the experience to invest in disruption. Yes, there is a lot of crookery and corruption on Wall Street. It is also possible that the next Wolf is scamming you by taking advantage of what you think about Wall Street.
  • It is simply too early. DeFi may change the world, but being too early equals being wrong. Saying “I told you so” in 20 years time does not make your money come back.

Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Here is part 1. Stay tuned by subscribing. If you thought Eeyore was being too negative, tune in next week  for DeFi Part 3. If it is broke then fix it says Tigger.

Daily Fintech’s original insight is made available to you for US$143 a year (which equates to $2.75 per week). $2.75 buys you a coffee (maybe), or the cost of a week’s subscription to the global Fintech blog – caffeine for the mind that could be worth $ millions.

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Source: https://dailyfintech.com/2021/05/11/defi-part-2-investor-beware-says-eeyore/

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Crowdfunding

EML Payments Now Supports Fupay’s Cash Flow Management and Millennial Credit Product for European Markets

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EML Payments Ltd (ASX: EML) (S&P/ASX 200) reports that it remains focused on its evolution as a diversified payments and digital banking enabler.

EML supports Fupay’s cash flow management and Millennial credit product (based in Australia). EML has now decided to transition to the next level and has teamed up with Fupay in order to take their tech stacks to European markets where they can offer businesses a white-label BNPLaaS solution.

Fupay’s Millennial-focused cash management solution leverages Open Banking data to offer smart fund-flow forecasting models, actionable insights, responsible BNPL “smoothing” and engaging spend benefits developed to assist consumers with making every penny count.

At the core of all this is Fupay’s robust spending and lending engine, which is well-placed to address the growing and fast-evolving consumer and regulatory demand for better lending options.

EML and Fupay say that they’re quite passionate about supporting a more responsible and economical BNPL experience with their capabilities:

  • Low touch e-identity verification and affordability assessment.
  • Personalized and flexible payment options based on each user’s cash flow.
  • Real-time virtual card and payment options available via a single app.
  • Rich AI-driven data insights with high impact visualization to make financial management easier for clients.

Michael Fredericks, MD and founder at Fupay, remarked:

”When we started Fupay, we predicted the need to address the challenges faced by Millennials meeting lifestyle costs, including a responsible millennial credit solution. We’ve focused on addressing the solution rather than focusing on selling a thin BNPL product as quickly as possible. There’s a clear need for BNPL organisations to do more to ensure their customers can afford to repay credit extended to them and be more accountable for their customers’ financial safety. We’ve seen a growing appetite from customers and regulatory bodies to see real responsibility, and Fupay is championing this mature approach to trending payments tech alongside EML.”

Sarah Bowles, Group Chief Product Officer at EML, stated:

”EML’s thrilled to expand our connection with Fupay beyond Australia into a true growth collaboration. Our exciting new venture brings together EML’s virtual card, A2A payments, the newest Open Banking products and Fupay’s best-in-class cash flow and millennial credit product to create a market-leading white-label offering. We’re impressed with Fupay’s groundbreaking platform and see the absolute need for this type of solution to enable merchants and enterprises to deliver an exceptional user experience without needing to become payment experts.”

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Source: https://www.crowdfundinsider.com/2021/05/175159-eml-payments-now-supports-fupays-cash-flow-management-and-millennial-credit-product-for-european-markets/

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Payments

KogoPAY raises £1m

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KogoPAY has raised £1 million in pre-Series A funding for it “socially-conscious” banking and payments platform.

The funding comes from angel investors in Asia and follows an investment from Singapore fintech Lightnet and a raise on UK crowdfunding platform Crowdcube.

Planning to launch soon in the UK, Lithuania and Thailand, KogoPAY will offer business-to-business international banking, fast wallet-to-wallet payments, a prepaid Mastercard, QR code payments and low-cost currency transfers.

The firm is targeting independent businesses and “community-focused” individuals by creating a “socially conscious ecosystem that will allow everyone to have access to affordable digital currency and to promote the ‘Pay it Forward’ concept of generosity and inclusion”.

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Source: https://www.finextra.com/newsarticle/38018/kogopay-raises-1m?utm_medium=rssfinextra&utm_source=finextrafeed

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