FinIQ is pleased to announce successful go live of another two new clients on its EQ Connect structured products platform.
First one to go live was Hang Seng Bank, soon followed by JMC Capital. This brings FinIQ’s Hong Kong based EQ Connect client count to 15. Equity structured products platform executed order volumes reached USD 25 Billion in the first of quarter 2021, proving the scale the platform helps achieve.
FinIQ recently launched FX structures also via its cloud platform, which were earlier deployed only as on-premise offerings. Across FX and EQ, FinIQ today enjoys liquidity from 25 leading investment banks.
FinIQ closed year 2020 with a Bonds and Structured Investments distribution platform signing with a renowned Malaysian bank.
Sandeep Kulkarni, FinIQ's Malaysia country head sees this as a second wave of automation, "After DCI and FX implementations automating branch based product sales, we see banks now applying the same business model to Bonds and SI".
After signing its first local bank earlier this year, FinIQ today signed its second client in UAE.
FinIQ is seeing an increasing demand for both its conventional products as well as structured product offerings in the GCC market. "Having banks like Mashreq and Emirates NBD as our clients is a big endorsement and we hope to see even more activity in the region once our Dubai office becomes operational in the new year", according to Milind Kulkarni, FinIQ CEO. He further adds, "structured products, bonds, funds, equities, FX, funds are available under one platform including direct electronic execution as well as custodian links, which makes it efficient to trade these products right from the price discovery and dealing process all the way to redemption and maturity. Banks can scale up their volumes, maintain costs low and improve their compliance with the platform."
Leichtenstein-based private bank LGT and software provider FinIQ have worked together to automate and streamline its structured products and derivatives business in Asia.
FinIQ and its EQ Connect platform offers connectivity to top market makes in the equity-linked space for products. LGT has subscribed to EQ Connect since 2018.
Furthermore, the collaboration is set to further automate pre-trade suitability and order process, trade booking as well as post-trade information flow. LGT aims to achieve seamless integration with the FinIQ EQ Connect platform and its core banking system from Avaloq.
In addition, FinIQ’s FXD platform offers connectivity to market makers in the FX-linked space for cash FX, options, strategies and also structured products.Click here to read more
Union Bancaire Privée became FinIQ's latest client. The bank signed the platform installation agreement to automate its price discovery and order execution business, which will allow its front line bankers to access to products and liquidity provided by world's leading investment banks.
Shodhan Shah, FinIQ's Director based in Singapore sees this as a major shift towards cross-asset platforms rather than asset class centric platforms. According to Shodhan, "having various equity structured product payoffs such as autocallables, reverse convertibles, range accruals, phoenix, bonus notes, equity OTC derivatives, FX accumulators, target redemptions, pivots, dual currency investments, FX vanilla and barrier options as well as FX spot/forwards all-in-one with one unified process flow is only possible in the FinIQ platform. We are proud to have such a prestigious private bank as our client. We see more and more wealth managers opting for our all-in-one offerings rather than relying on different platforms in silos for different instruments."
Structured Deposit, constructed using a combination of local funding and derivative leg pricing sourced from leading investment banks went live in China. FinIQ worked with an international distributor and four leading investment banks to offer this.
The system is accessed via multiple sales channel apps using FinIQ API. Online price discovery, document exchange, order taking, execution and various other supporting functions are all automated, cutting down the product issuance period significantly.
FinIQ Investment and Trading platform reached another milestone with UOB Singapore going live with its private and enterprise banking units for direct order workflow right from the sales channel, all the way to the marketplace.
FinIQ native platform and API were both deployed in allowing dual app access given to the users. Bank built its own sales app using the FinIQ API.
The solution links sales with the traders and traders with the marketplace in a seamless journey. The set of instruments included shares, bonds and foreign exchange.
Shodhan Shah, FinIQ's Director based in Singapore considers this as a significant milestone for three reasons, "Cash equities execution was done by FinIQ for the first time. FinIQ APIs were thoroughly used by the bank in building its own GUI. FX module caters to pricing and dealing needs of five different segments, all from one central system."
With this go live, FinIQ now has FIX protocol based order and connectivity platform live for 7 major asset classes, which are shares, bonds, FX, FXD, DCI, EQD and SP.
UOB's retail wealth unit also uses FinIQ for cross-asset trade repository, OMS and statement generation which enables 360 degree view for clients for their mutual funds, insurance, deposits, bonds, shares, CASA and structured investments holdings. This solution is deployed in UOB's Singapore, Malaysia and Thailand units.
Hedge funds, private banks and other clients are increasingly seeking to trade FX options on platforms, driven by regulators’ requirements for investors to prove best execution and the growing depth and range of offerings available. From a client perspective, aggregator and multi-dealer platforms are an attractive proposition, offering convenience, transparency and the potential for lower costs; they make the processing of price requests significantly more straightforward.
In the past, many buy side clients relied on a handful of liquidity providers. The need to prove best execution has transformed how these users access FX option products. In order to comply with regulations, some users initially requested quotes electronically and simply captured a screenshot of the quotes in order to prove best execution. However, this process is cumbersome and fails to realise the full benefits of moving to electronic trading.Click here to read more
FinIQ is pleased to announce signing of a landmark deal in UAE. This will see replacement of bank's core Wealth Management Platform which was made by a renowned Swiss vendor.
Milind Kulkarni, FinIQ CEO sees this as a major gain both from regional presence and expansion of functionality, "order origination, price discovery, risk rating, termsheets, portfolio, holdings, valuation, returns, cashflow, corporate actions, collateral and accounting, the full journey will be automated, and for all asset classes including funds, bonds, shares and notes. FinIQ UCP (User Configured Products) toolkit plays a major role here with LCNC styled (low code/no code) deployment, where bulk of the work happens without any source code, which is achieved primarily by configuration."
FinIQ is pleased to announce its entry into the Latin American markets with BBVA ePricer launch which is powered by FinIQ SPConnect cloud platform. The platform will also get used in BBVA's European clients. FinIQ is already used in Europe for FX Derivatives, Fixed Income, Equity Linked Structured Notes for over 3 years. The BBVA partnership will have credit linked structured products in FinIQ for the first time.Click here to read more
FinIQ is pleased to announce that Asia's top distributor has gone live on FinIQ's newly offered cloud platform SPConnect. The SPConnect cloud platform is targeted at handling automation of flexible structured products payoffs complementing FinIQ's EQConnect cloud platform which was launched in 2014 as a realtime, auto-priced, FIX protocol-based aggregation platform for eight most popular highly liquid payoffs.
FinIQ's first SPConnect implementation aggregates diverse message formats of 18 different issuers which is achieved via zero coding and 100 percent configuration. Having started in November 2019, FinIQ's configuration team successfully completed a total of 64 payoff variations.
The Platfrom is region-agnostic and payoff-agnostic. It can house any of the worldwide payoffs. Distributors can get more and more issuers. Any issuer can be easily onboarded given the fact that the issuers need not have either FIX Engine or the Auto Pricer readily available before they are on-boarded. Multiple requests for quotes can be batched in one email dispatch with further flexibility given to the sell sides to reply progressively with one or multiple RFQs responded every few seconds or even minutes. The system tracks hundreds of these e-auctions with sophisticated filters, ranking rules to yield the top ranks in real time.
Milind Kulkarni, FinIQ CEO, considers this as the next wave of digitalization in financial product distribution. "Most complex payoffs, in most configurable fashion, implemented in record time, with majority of leading issuers, and for the most prestigious bank. This success has five magnificent achievements by a fifteen-member team, thanks to our UCP (User Configured Products) toolkit."
FinIQ closed the last quarter of 2019 on a strong note with four new-name clients, one each from UAE, Spain, Singapore and Hong Kong.read more >
FinIQ is pleased to announce going live of its cross asset single portfolio platform in Malaysia. The scope covered consolidation of all client assets including mutual fund/unit trust, retail bond, insurance, CASA, dual currency investment, term deposit and non-principal guaranteed structured investment.
FinIQ held a conference on Structured Products in Tokyo on 12th November, hosting 16 leading financial institutions including securities houses, buy-side and sell-side banks of Japan to discuss and synergize on the future of Structured Products market.read more >
FinIQ, a leading name in financial products distribution space, in association with ACI FMA, hosted a conference with MathFinance on FX Options and Structured Products on 6th & 7th November at The Ritz Carlton, Dubai International Financial Centre.read more >
FinIQ's structured products automation platform EQConnect is now available in the UAE local market. One of the largest local bank is expected go live shortly.read more >
FinIQ Consulting opened its 11th worldwide. The new office is located in the heart of Tokyo and will cater to the fintech needs of Japanese banks and securities companies.read more >
FinIQ's FXDConnect was awarded as the best relationship management tech initiative by Financial Times, UK. Standard Chartered Bank which rolled out this platform for its RMs worldwide was awarded it at the Wealth Tech Awards - 2019 event in London.read more >
A major international bank went live with FinIQ's FX Derivatives multi-dealer RM platform for FX multi-expiry structures. Vanilla, barrier and 3 leg strategies are already being used by FinIQ clients since 2014 with multi-dealer liquidity, but this is the first occasion that similar open architecture model has been deployed for complex FX structures.read more >
A Singapore based private banking unit of a leading Malaysian bank went live today with FinIQ EQ Connect. The system will help bank's relationship managers and execution desk with real time price discovery and order management for equity linked structured products. FinIQ operates its EQ Connect platform on a SaaS basis which makes it easy for banks to plug into the FinIQ network without having to invest in infrastructure.
FinIQ FI-Connect platform goes live in Indonesia. This is FinIQ's second bonds client in the country. With this addition, the system empowers over 400 new relationship managers to price and directly book bond investment trades. The FinIQ FI-Connect platform supports all bond conventions, interest accrual rules and yield calculations for all commonly traded bonds.read more >
FinIQ announces expansion of its FX derivatives liquidity coverage under its FXD-Connect platform. The liquidity panel now available is very diverse and includes 3 each from UK and US, 4 from Europe and 1 from Singapore, with at least half of them offering liquidity not just for vanilla FX, but also for structured FX. Besides its derivatives coverage, for Cash FX, the platform supports RFS based execution with 5 top-tier banks.read more >
Over 500 bankers in Singapore, Hong Kong, Dubai and London will price and trade vanilla and structured FX derivatives using FinIQ FXD-Connect. The implementation lasted for around 5 months and more payoffs will be added over the next quarter.read more >
FinIQ has opened a new branch in Jakarta which will cater to growing demand for distribution platforms in Indonesia. The FinIQ System has been adapted by banks such as DBS, Standard Chartered, ANZ and CIMB Niaga since very long.The newly opened local office will strengthen the sales, implementation and support activities for existing as well as prospective clients. FinIQ will be offering an integrated branch order management platform for variety of products including Bonds, FX, DCI, Funds, Derivatives and Structured Products.read more >
FinIQ has secured two prestigious FX contracts with two local Singaporean banks. That immediately gives FinIQ two-third of the local FX market share in Singapore. FinIQ FX Cash module is in use since 2009 and caters to needs of all segments including corporate, commercial, private wealth and retail mass market.read more >
FinIQ today signed a deal with another European major for its EQ Connect cloud service. The service will allow bank's relationship managers to access best execution price from a panel of leading investment banks. The system will be used at four financial centres and will include all major equity based payoffs. This was FinIQ’s fifth new client acquired in the past three months.
FinIQ Fixed Income pricing and order management platform recently went live with a major international bank. 700 bankers from three major financial centres will use the system to transact variety of bonds.read more >
FinIQ is pleased to have its 9th buyside client on the FinIQ EQ Connect platform which is a cloud based SaaS service that connects buyside wealth managers and bankers to a panel of 15 leading sellside investment banks. The service automates price discovery for options, accumulators, decumulators, equity linked notes, basket linked fixed coupon and daily range accrual notes and bonus enhanced notes.read more >
Bank of China, Hong Kong has confirmed selection of FinIQ EQ Connect cloud platform to automate pricing and order workflows for its structured products business. BOC Hong Kong would be the 8th buyside on FinIQ EQ Connect, and second local HK bank on EQ Connect.read more >
A large Singapore client has launched FinIQ powered retail mobile app to allow its client to place FX orders. The system also watches the order status, executes the orders once touched and notifies the mobile app user. 'This is a retail end-client distribution use case, which enhances our wealth distribution capabilities into an entirely new segment', comments Shodhan Shah, FinIQ's Director based in Singapore.
FinIQ is pleased to announce that it has signed an agreement with Wing Lung Bank to automate its wealth management businesses. The system will help improve pricing, execution and transaction processing efficiency for the bank’s wealth management investments and trading business.
FinIQ has recently embarked upon an implementation project with a leading Singapore bank to automate trade repository and client statements across a variety of client segments. A range of retail and investment systems will feed into the FinIQ platform aggregating investments ranging from deposits, structures, current and savings accounts balances, mutual funds, shares, bonds and insurance investments.read more >
FinIQ is pleased to announce signing of a leading North American private bank. FinIQ EQ Connect service will help the bank to automate its equity structured product price discovery and order workflow. The payoffs include reverse convertibles, worst-of basket, bonus enhanced notes, vanilla and barrier options, OTC accumulators and decumulators.
FinIQ is pleased to announce that it went live with its FXD-Connect service in Germany. Mahesh Bulchandani, FinIQ's CEO for Europe Operations comments, 'FinIQ's best execution service FXD-Connect allows clients to access electronic liquidity from a large panel of investment banks. This is something that not only better the client pricing but also allows compliance.'read more >
FinIQ has clinched a coveted deal with a global financial institution, for supply of a fixed income bonds distribution platform for its global private and retail banking sites.read more >
FinIQ has yet again illustrated its multi-disciplinary prowess by winning the local corporate football league in Pune, hosted by the Indian Soccer League club FC Pune City, and considered the most prominent corporate tournament in the region. According to Uday Oak, FinIQ’s COO, “FinIQ has time and again proved that its employees are exemplary not just in their work, but rather in all-round performances.”read more >
FinIQ has been rapidly expanding on all fronts to become the leader in the Treasury, Investments, and Structured Products automation business. With an addition of five new liquidity providers to its EQ Connect platform, it has surpassed all of the other existing solutions in the market with its pool of 14 suppliers.read more >
Continuing its splendid run of expansion, FinIQ has inked new deals to onboard four more FX derivatives liquidity providers on its platform, taking the total count to nine. This development puts the company at the forefront of the intense competition in the Financial Technology space.read more >
A regional banking major from Singapore has signed an agreement to procure Fixed Income Branch-Dealer Order Management System from FinIQ. The platform allows for a seamless integration between the relationship managers and the Fixed income dealing desk automating requests for quote, yield and accrual computation, order capture, order fulfillment, deal allocation, trade inquiry, documentation and sales spread management.read more >
FinIQ and Deutsche Bank Wealth Management believe that by bringing to market the world’s first mobile app for structured products, the industry as a whole will benefit from greater transparency, better informed clients and more relevant portfolios.view link >
FinIQ is pleased to announce the successful upgrade of four of its major clients, all on the same day. Each of the projects were executed over an average period of seven months and all went live as planned.read more >
RHB Bank, Malaysia went live with FinIQ's FX Spot aggregation engine which will see more streamlined foreign exchange position collection from various point of sales sources and electronic updates into the trading books. RHB is already live on the FinIQ Structured Products branch distribution module for few years.
FinIQ has included Equity OTC options to its EQ-Connect platform. The platform currently supports OTC Accumulators/Decumalators, Basket DRA/FCN and ELN/KOELN. OTC Options will be initially supported by three leading market makers. FinIQ currently has 10 market makers acting as liquidity providers on its platform. FinIQ's EQ Connect platform has been selected by three leading wealth management institutions and two more are expected to follow the suit.
FinIQ signed its third client for its cross asset collateral module. The Hong Kong based bank will deploy the FinIQ system to monitor exposure from its treasury and capital markets business. Variety of cash, derivatives and structured trades are pooled from trading systems via online connections and batch imports to keep the exposures in sync with client's trading activities. Similarly saving accounts, term deposit, shares, bonds and notes balances are pooled to update the collateral balances.
read more >
FinIQ is pleased to announce incorporation of fully configured FX option strategies in its FX trading platform. The new feature allows introduction of brand new strategies based on vanilla and exotic options with single or multiple expiries. The combination can be generically named such as Risk Reversal, Calendar Spread or brand-named as per bank's own choice.
read more >
FinIQ is pleased to announce that it has signed it's first ever cash equity client. A Singapore bank will use the system to book orders transacted on exchange worldwide. The system will automate trade verification, documentation, transfers and maintain both cash and share balances for bank's private wealth clients. Over 25 different corporate actions are supported by the system, improving entitlement processing efficiency. Client statements are comprehensive including variety of transactions including purchase, sale, dividend, bonus, transfer, exercise, etc.
read more >
FinIQ, a specialist software solution provider for the distribution and transaction
processing of treasury and wealth management products, today announced it has launched
the world's first multi-asset, multi-dealer connectivity platform for equity-linked
and FX-linked structured products.
read more >
FinIQ is proud to announce successful completion of ten years of live production
usage with its first three clients. In the year 2003, as soon as FinIQ released
its first version, it signed agreements with three leading banks in Singapore, all
of which went live with FinIQ within a year.
read more >
FinIQ announces that it has signed an agreement with another local bank in Hong
Kong to implement the FinIQ wealth management solution. Terry Hung, FinIQ's regional
head for Greater China adds, "This will be our 9th success in Hong Kong and 21st
client site in the region, which covers China, Macao, Taiwan, The Philippines and
Hong Kong. We are expecting to add at least 5 more new clients this year". The FinIQ
system will improve pricing and processing efficiency of the bank's structured products
business connecting relationship managers to the central dealing and operations
teams via its electronic platform.
read more >
FinIQ is pleased to announce that Bank of China, Macau has licensed its Bonds and
Equity Linked modules. These modules will help the bank scale up its fixed income,
equity linked and structured products businesses by connecting its branch network
with the central dealing and backoffice operations. FinIQ's platform will streamline
price discovery, order management, order aggregation, allocation, settlements, documentation,
accounting, coupons, fixing, reporting, and compliance, among other things.
read more >
FinIQ has signed three new license agreements in the Asia-Pacific region. With these
agreements, two more banks have joined the growing list of wealth management players
adopting the FinIQ distribution platform. The three initiatives will benefit almost
a thousand bankers, who will see major productivity gains in their product distribution
read more >
FinIQ has integrated its customer suitability checks, third party liquidity links,
pricing models, collateral and limit checks, document generation, interbank hedges,
post trade fixing events and payout rules into one front end. Based on roles and
responsibilities of individual users, various entitlement profiles can be created.
The entire offering is wrapped in a customizable workflow engine that allows approval
and processing with complete audit trail.
read more >
FinIQ is pleased to announce addition of a brand new Suitability module to its suite.
In the past versions, suitability functionality was present but was closely linked
with the underlying instruments. The new module is completely service-oriented and can be used not only by FinIQ platform but also by another
third-party or in-house system.
read more >
FinIQ is pleased to announce addition of more liquidity providers to its distribution
platform. FinIQ was one of the earliest entrants in this market and has already
been live with real-time trading links to two of the largest market makers for FX
read more >
FinIQ today announced that CIMB Bank, Singapore went live on the FinIQ distribution
platform after a fast track implementation that took less than three months.
read more >
FinIQ is pleased to announce that three leading local banks in Indonesia, Hong Kong
and Malaysia went live with FinIQ structured products solution recently.
read more >
FinIQ releases most comprehensive, front to back Equity OTC and accumulator module
in addition to equity linked investment products. FinIQ's unique payout rule engine
allows its clients to launch variety of OTC and note products with payouts of their
read more >
AmBank Group and FinIQ are pleased to announce that AmBank will be using the FinIQ
e-Treasury platform to automate bank’s treasury and structured product distribution.
read more >
FinIQ has launched a Bank-wide Collateral Management module, which provides distinct
features catering to the most advanced financial instruments such as FX and equity
accumulators and other multi-leg option strategies. The module is comprehensive
in its handling of variety of banking and trading exposures including overdraft,
loan, IRS, forwards, standby LC, bank guarantee, etc.
read more >
G. K. Goh Financial Services, the financial, commodities, metals and energy derivative
brokerage and foreign exchange trading arm of G. K. Goh Holdings based in Singapore,
has signed a deal to...
read more >
FinIQ and BOCI will work closely together in phases to support Structured
Products distribution covering structures based on a wide variety of asset classes
as well as covering customer trades of FX Spot and Forwards.
read more >
Following the successful implementation of FinIQ by its Treasury Markets Division to support its second generation structured products business, The Bank of East Asia ("BEA") has announced that it will extend the use of FinIQ to its private banking business.
read more >
FinIQ today signed its first ever ELI client in Malaysia. The bank
will use the platform to distribute and process various types of ELI instruments
through its retail network.
read more >
FinIQ today announced that ANZ has chosen FinIQ as its trading and distribution
platform for its FX structured products business. ANZ will become FinIQ’s first
customer in Australia as the company expands beyond its Asian customer base.
read more >
Ta Chong Bank, Taiwan ["TCB"] and FinIQ are pleased to announce that TCB
will implement FinIQ's Structured Products solution for managing TCB's currency
linked investment products offered via its treasury and branch network.
read more >
China Construction Bank (Asia) ["CCB (Asia)"] and FinIQ are pleased
to announce an agreement to deploy the FinIQ System for managing the Structured
Products business for the bank and its subsidiary, China Construction Bank (Asia)
Finance ["CCB (Asia) Finance"]
read more >
Standard Chartered (StanChart) is rolling out a structured deposit pricing
and processing system for its currency-linked investments businesses globally.
read more >
FinIQ Consulting Pte Ltd has implemented its FinIQ System at United Overseas Bank
Limited, Singapore (UOB"). The system is being used by the Bank to streamline and
more efficiently manage its dual currency deposit business.
read more >