genesis expands leadership team with appointment of Nick Kolba as Global Head of Platform

Experienced Chief Technology Officer and FINOS leader takes key strategic role.

London, New York: Thursday, 21st May, 2020:

genesis, the global capital markets software firm, has further expanded its management team by appointing Nick Kolba as Global Head of Platform.

Kolba is widely recognised for his experience in financial services as a Chief Technology Officer and his leadership of the Fintech Open Source Foundation (FINOS).

In this new role at genesis, Kolba will be responsible for delivering the firm’s technology strategy reporting to Stephen Murphy, CEO. In response to the ever-growing industry appreciation and appetite for low code development, Kolba will help accelerate client adoption of genesis and its Low Code Application Platform.

The appointment of Kolba comes at a key time for both genesis and the industry. Having closed their second funding round in December 2019, genesis continues to grow both in terms of client and industry interest and organisational expansion. For the financial services industry, firms are operating in uncharted territory. Business continuity plans have been put to the test beyond expectation and leaders are reflecting on how best to shore up their organisations for what lies ahead. Firms are reviewing infrastructures, operating models and software applications to extract every possible ounce of operating efficiency. As a result firms are calling on genesis to help them address risk-ridden manual processes, identify opportunities for product development and harness the potential of end-to-end automation.

Kolba brings a wealth of financial technology experience in global, high-growth and blue-chip firms. He has spent the past 20 years leading enterprise-wide technology projects as both Chief Technology and Product Officer at OpenFin and, prior to that, as a Technology Director at Thomson Reuters, where he led the development of the Eikon App Studio.

In addition to his leadership role at FINOS, Kolba is also the co-founder and Chair of the FINOS FDC3 programme, an interoperability standard with over 100 participants from 40+ financial firms representing major sell-side, buy-side, and vendor firms across the industry.

Commenting on the appointment, Stephen Murphy, Chief Executive Officer of genesis, said:

“I am delighted to welcome Nick to the team. He brings a blend of industry insights, community engagement and capital markets expertise at a time when we are growing at an ever accelerating pace, which makes for an ideal fit, at an ideal time. We have made a number of strategic hires over the past months as the capital markets industry is truly awakening to the potential that low code development offers to help them deliver immediate operational efficiencies and reap commercial returns, at speed. ”

genesis is well positioned to help the capital markets community innovate at speed by delivering the genesis Low Code Application Platform as a Platform-as-a-Service [PaaS], a full self-service offering to empower clients to build their own solutions.

The platform democratises product design, enabling users to create products and solutions without having to write substantial lines of code, making the development of solutions much faster and much simpler. It is the only low code platform 100% dedicated to capital markets that is capable of supporting the industry requirements of building solutions that are highly resilient, scalable and performant, while integration with cloud technology provides agile solution delivery.

Nick Kolba, added: “I am incredibly excited to join genesis as Global Head of Platform and lead the low code revolution in capital markets. I look forward to working with the genesis leadership team to deliver a fully self-service PaaS that empowers the capital markets community to address business priorities and solve operational challenges. The rapid time to market unlocked by low code development is even more critical at this moment, as firms look to respond with agility to the changing market environment.”

The appointment follows genesis joining FINOS to advance collaboration in financial services by fostering adoption of open source, open standards, and collaborative software development practices.

//ENDS

Media Contacts:
Sarah Durrani / Julia Streets

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / julia.streets@streetsconsulting.com

Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is the only low code application platform built for capital markets offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever challenging, and constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code”, “low-code” and “pro-code” development tools that empower users and democratizes product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global


genesis joins FINOS to expand open source technology

FINOS Continues Expansion in Response to Increased Demand for Open Source with the Addition of Three New Members in Financial Services and Fintech.

Foundation’s New Members Offer Strong Financial Services Leadership and Technology as Open Source Community Sustains Momentum.

London – Wednesday, 6th May, 2020:

FINOS (the Fintech Open Source Foundation), a nonprofit whose mission is to foster adoption of open source, open standards, and collaborative software development practices in financial services, today announces the addition of three new leading financial services and technology companies to its prestigious membership roster already comprised of leading financial institutions, fintechs and consultancies. The three new Silver members include: Adaptive, a global financial technology consultancy; genesis, the Low Code Application Platform (LCAP) for capital markets; and Itaú Unibanco, Brazil’s largest bank.

“Over the past few months, we’ve been working closely with the teams at Adaptive, genesis and Itaú who share our vision for expanding open source in financial services,” said Gabriele Columbro, executive director of FINOS. “We’ve seen incredible progress with programs and projects, such as the recently launched Alloy and Perspective, and look forward to new endeavors with these new members. As FINOS expands its reach, so will the opportunities for more financial institutions to work collaboratively with powerful open source technology.”

Adaptive shares knowledge and expertise to the financial services industry through open source

Adaptive designs, builds and operates bespoke electronic trading platforms for clients across financial services, capital and commodity markets. As a technology solutions provider to the financial services sector, Adaptive will share its knowledge and expertise with the FINOS open source community. Adaptive will also actively participate in several FINOS projects, community and membership events and webinars. Recently, Adaptive has implemented interoperability workflows for its clients, and became a key contributor and participant in FINOS’ highly adopted FDC3 desktop project, which aims to establish open interoperability standards for the financial desktop. Riko Eksteen, Adaptive Head of Desktop Strategy, is a member of the FDC3 Project Management Committee (PMC), and serves as co-chair of the FDC3 API and Intents & Context Data working groups.

Matt Barrett, CEO of Adaptive Financial Consulting said: “We are excited about the future of FINOS, and glad to be a bigger part of their growth as a new Silver Member. We fully support the foundation’s work in accelerating collaboration and innovation in financial services through the adoption of open source software and believe it is instrumental in revolutionizing the broader industry.”

genesis looks forward to contributing to FINOS’ initiatives

genesis is the Low Code Application Platform (LCAP) for capital markets, with clients ranging from clearing houses, prime brokers, broker dealers, asset managers, through to wealth management firms. The genesis LCAP has been built to support the needs of capital markets on the core principles that solutions must be highly performant, resilient, robust, secure and compliant, and leverages a number of open source technologies in order to advance collaboration within this capacity. genesis intends to contribute to a number of the FINOS initiatives to change the way software is developed and deployed in capital markets.

Stephen Murphy, CEO of genesis, said “We are excited to join FINOS at a time when the capital markets community is looking for greater collaboration to find smarter ways to deliver operational efficiencies and opportunities to end clients. We look forward to contributing to the FINOS initiatives to drive adoption of open source and develop intelligent technology to meet the needs of the industry.”

Open Source leads to a customer-first approach for Itaú Unibanco

Itaú Unibanco, the largest private sector bank in Brazil and one of the largest financial institutions in Latin America, consistently places ethics ahead of results and knows that collaboration is integral in fostering innovation in the financial industry that will ultimately benefit its customers. “We look forward to growing our relationship with FINOS and to contributing to its already impressive reservoir of open source projects. We are confident that this is an integral step in continuing to grow our efforts around technological innovation and open source software”, said Thiago Charnet, technology director for Itaú Unibanco.

The announcement comes on the heels of FINOS becoming a Linux Foundation organization, a move that enables the open source foundation to broaden its services and capabilities in the financial services industry. Also, FINOS announced three new members earlier in the year with the addition of EPAM Systems, NearForm and CloudBees. The foundation now counts 33 financial services, technology and services companies as members, each committed to expanding the adoption of open source technology in financial services.

About FINOS

The Fintech Open Source Foundation (FINOS) is an independent nonprofit organization focused on promoting open innovation during a period of unprecedented technological transformation within financial services. FINOS believes that organizations that embrace open source software development and common standards will be best positioned to capture the growth opportunities presented by this transformation. The Foundation offers an Open Developer Platform (ODP), a compliant Open Source Readiness Program and The Open Source Strategy Forum (OSSF), the leading global event for financial executives and technologists dedicated to open innovation. Foundation OSS Projects are Apache 2.0 licensed and available on GitHub. For more information, visit www.finos.org.

Media Contact

Adam Gerber

Caliber Corporate Advisers

adam@calibercorporateadvisers.com

917.985.6630 ext. 09


BTON Financial partners with genesis to automate trading for asset managers

London – Wednesday, 8th April, 2020:

BTON Financial, the independent outsourced dealing desk for asset managers and genesis, the Low Code Application Platform for Capital Markets, are pleased to announce their partnership to automate trading workflows, which in turn drives greater trading performance.  The partnership helps drive front office transformation, bringing together genesis’ ability for agile software development and BTON Financial’s independent technology and data driven approach to outsourced dealing in the form of their award winning ‘Smart Broker Router’.

 

Following a competitive due diligence process, covering both vendors and consultancies, BTON Financial selected genesis as their technology partner because of their deep market expertise and Low Code Application Platform built specifically for capital markets. By using the genesis Low Code Application Platform BTON are able to create solutions quickly without having to write substantial lines of code, making the development and deployment of these solutions much faster, simpler and much easier to support.

 

With BTON Financial, asset managers are able to maintain a significant  edge over their peers, implement trading strategies effectively, ensuring that investment intentions are not undermined by poor execution quality as a result of inadequate legacy technology.

 

BTON Financial’s award winning, proprietary Smart Broker Router, built on the genesis Low Code Application Platform, supports asset managers in taking advantage of the emerging liquidity and execution opportunities. The Smart Broker Router improves trading performance automatically by selecting the most appropriate broker with the most appropriate execution algorithm, while at the same time ensuring full regulatory compliance.

 

The BTON Smart Broker Router is fully integrated with the other genesis trading solutions built on the platform, allowing orders to flow securely from the Smart Broker Router through to the receiving broker and into the trading workflow – all in real-time.

 

Commenting on the collaboration, James Harrison, Chief Operating Officer of genesis, said: “We are very excited to partner with BTON Financial. The machine learning driven Smart Broker Router is unique to the market and has been built using the genesis Low Code Application Platform. This powerful combination has allowed us to maximise the very latest in technology to fully optimise an asset managers’ trading performance while minimising costs.  We look forward to a long-lasting relationship”.

 

Dan Shepherd, CEO of BTON Financial, said: “We’re delighted to partner with genesis for the benefit of the asset management industry. By harnessing the genesis low code platform and its modular & agile development approach we can respond and adapt to market developments at speed. This is in stark contrast to legacy systems that often require whole platforms to be re-engineered. We very much look forward to continuing our collaboration with genesis and bringing new, innovative solutions to the asset management industry.”

 

Dan Shepherd concluded: “The FinTech ecosystem is now becoming more essential in helping firms manage their business continuity plans by automating more procedures, which is where our collaboration with  genesis will bring immediate benefits in the current climate. “

 

//ENDS

 

Media Contacts:

Sarah Durrani / Sybille Mueller

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / sybille.mueller@streetsconsulting.com

Tel: 020 7959 2235

 

 Notes to the Editor:

About BTON Financial: Automate, Measure, Optimise

BTON Financial is the independent, outsourced dealing desk in development, designed to help buyside firms radically rethink their trading infrastructure by driving greater performance and quality of execution in an increasingly complex trading environment and evolving market structure.

Built with mid-tier asset managers in mind, who are constrained by rising compliance costs and profit margin compression, BTON Financial helps buyside firms implement trading strategies effectively and ensure that investment intentions are not undermined by poor execution quality as a result of inadequate legacy technology.

By outsourcing their dealing desk to BTON Financial, asset managers are able to take advantage of new liquidity opportunities while also ensuring compliance with MiFID II best execution, trade and transaction reporting requirements.

With BTON Financial asset managers are able to focus on identifying alpha generating trading opportunities and maintaining a competitive edge, removing operational complexities of managing multiple vendor and partner relationships and the underlying trading and connectivity infrastructure.

Delivered as SaaS, BTON Financial’s outsourced dealing desk is easy to integrate into existing technology infrastructures.

For further information visit: https://www.btonfinancial.com/

About genesis

genesis is the only low code application platform built for capital markets offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever challenging, and constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code”, “low-code” and “pro-code” development tools that empower users and democratizes product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global


Genesis Announces the Release of the 4th Generation of ‘Genesis Platform’

Genesis unveils the 4th Generation of its Low Code Application Platform. Every generation release is an important step forward to building on the learning incorporated from previous project engagements, and to provide the best user experience of Genesis application.

London: 8:00am, Monday, 2nd March, 2020:

Since inception the Platform has been used to create a wide range of applications covering all asset types and many parts of the Capital Markets value chain from buyside to market infrastructure for both product and client specific solutions.

The goal of the Genesis Platform is to transform the effectiveness (time to deliver, cost) of developing and operating robust and performant Capital Markets applications – those that process financial instruments – it’s the new blueprint for Capital Markets systems solution delivery.

Some of the key new features in Genesis Platform 4.0 include:

  • Free Layout Web User Interface: The Genesis web framework now implements (by default) a ‘free multi-window’ layout. Users can select the front-end controls they want to see, adjust the size & position of those controls (as well as column selection, ordering, styles, buttons etc within each control element), save and recall multiple desktop layouts. A new ‘tabbing feature on our grids allow you to set tabs with different filters. These changes significantly raise the feature set of the Genesis Web UI and further enhances the user experience.

 

  • Genesis Environment Manager (GEM): With cloud infrastructure it’s so easy to spin up new hosts that with multiple project teams and multiple environments managing these environments can easily get out of hand leading to cloud cost escalation. GEM aligns individual staff with the hosts they are working on – controlling who can create, start, stop and communicating environment status changes to interested parties. Environments are shut down when not being used, saving $$.

 

  • Internal notification messaging upgraded to Aeron: The notification of events between the internal microservices within the Genesis Framework server side now communicate with each other using Aeron messaging. Genesis seeks to leverage high quality, high performance open source software within the platform. Aeron messaging is proven and respected in our industry – its implementation has given the platform a further performance uptick.

 

  • Genesis Platform Abstraction Layer (GPAL): Developing applications on the Genesis Platform involves a combination of metadata and business specific code (plus graphical tools and auto code generation that assist). Currently the server-side development environment allows metadata to be created in different parts of the system that can be inconsistent; there is a set of tools to check for and then correct these inconsistencies.  A more powerful approach is to prevent inconsistencies from being created in the first place, together with even more productive programming environment with greater code auto-suggestion and error prevention.  The GPAL initiative will deliver these improvements; Release 4.0 contains the first phase of changes leading to these goals, focused on increasing the richness in meta data definitions and reducing the need for compensating code.

 

  • Database API: Genesis Platform database layer API provides a set of data access services that abstract solution developers from the underlying database engine. These services make solutions portable across several database technologies and provide services around high performance NOSQL and time series databases that would otherwise involve additional programming effort. In Release 4.0 the database API has been extended to offer solution developers new ways of handling asynchronous database operations, by exposing database operation using reactive extensions (RxJava2) and Kotlin coroutines. These provide an easier and cleaner syntax for dealing with asynchronous operations, speeding up development time and leading to more responsive applications.

 

  • Additional Integration Adapters: Genesis Framework includes a library of reusable business components, each of which can solve for parts of a new solution requirement; some of these components are interface adapters. Release 4.0 includes new integration adapters for Trading Technology (TT), Geneva (SS&C), Refinitiv (Reuters) Elektron, Refinitv DataScope Select (DSS) & TraFIX vendor packages as well as upgrades to several existing business components.

We at Genesis refuse to sit still when it comes to best serving our Capital Markets clients. We are constantly looking to enhance and evolve our Low Code Application Platform so that our clients can continue to capitalise on efficiency gains when developing applications that process financial instruments.

//ENDS

Media Contacts:
Sarah Durrani / Julia Streets

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / julia.streets@streetsconsulting.com

Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to digital transformation. We help firms solve business problems and enable business opportunities, in a constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code” and “low-code” development tools that empower users and democratises product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global


genesis bolsters commercial team, with the appointment of Global Head of Sales & Marketing

genesis, the international capital markets software firm, has appointed Felipe Oliveira as Global Head of Sales & Marketing, following a sustained period of growth and investment.

London: 8:00am, Tuesday, 25th February, 2020:

Felipe Oliveira will be instrumental in delivering genesis’ mission to help the capital markets community innovate at speed. genesis works with a wide range of financial institutions including buy-side, sell-side, execution venues and clearing houses, providing a Low Code Application Platform, built specifically for capital markets. The platform enables the creation of products and solutions without having to write substantial lines of code, making the development of solutions much faster and much simpler. It is the only platform capable of supporting the requirements of capital markets by building solutions that are highly resilient, scalable and performant.

Oliveira brings a wealth of capital markets and commercial leadership experience in global, high-growth firms. Oliveira held a senior role at Amber Capital Management, a global multi-billion dollar Risk Arbitrage Hedge Fund, leading investment initiatives across the capital markets spectrum. Recently, Oliveira has worked at Costa Coffee and LRS Suntory, the fourth largest beverage business in the world, in commercial planning and strategy roles. Early in his career, Oliveira worked at Bloomberg Tradebook and went on to build a broker-dealer business in New York for Brazil’s largest independent broker-dealer, Agora Senior Securities Corp, acquired since by Banco Bradesco.

Oliveira joins genesis as it pursues an ambitious expansion strategy. He will be responsible for helping clients take advantage of market opportunities by using genesis’ Low Code Application Platform to build products and solutions to automate workflows, which in turn enhance operational efficiency and increase revenue. The company plans to grow its global presence and develop solutions across market segments.

Commenting on the announcement, Felipe Oliveira, said: “I am thrilled to join genesis at such an exciting time and drive its mission of helping capital markets participants adapt, innovate, and transform their business models through the adoption of our Low Code Application Platform. We’re witnessing the ever increasing challenges the industry is facing due to compliance and regulatory changes, increasing technology and operational costs, business enhancements requirements, and more. The industry is ready for genesis as firms look to remain competitive and rapidly respond to the changing market environment. ”

Commenting on the appointment, Stephen Murphy, Chief Executive Officer of genesis, said: “We are delighted to be joined by Felipe as we gear up for the next stage of genesis’ growth. There is a significant opportunity for both genesis and our clients to adapt to the changes in capital markets driven by regulation and cost, to drive performance through automation.”

Murphy continued: “Felipe’s appointment builds on our plans to grow our headcount to further bolster our sales and marketing efforts and cement genesis’ position as the Low Code Application Platform for capital markets software development. Felipe’s experience in growing businesses, complemented by his strong customer understanding and empathy, will be invaluable as we navigate the opportunities ahead of us.”

genesis is enjoying fast growth and earlier this month announced that it had been chosen by XP Investments, the largest broker-dealer in Brazil, to design, build and implement products to automate workflows.

//ENDS

Media Contacts:
Sarah Durrani / Julia Streets

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / julia.streets@streetsconsulting.com

Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to digital transformation. We help firms solve business problems and enable business opportunities, in a constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code” and “low-code” development tools that empower users and democratises product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global


XP Investments selects genesis to deliver products to streamline & automate workflows

genesis’ proven ability for rapid delivery was a key factor for XP Investments. A suite of products has been built on genesis’ Low Code Application Platform that enables the delivery of robust, secure products and solutions at speed.

London – 8:00am, Thursday, 6th February, 2020

genesis, the international capital markets software firm, has partnered with XP Investments to design, build and implement products to automate workflows, which will in turn support business growth.

XP Investments provides an array of equities, fixed income and derivatives products and services to both institutions and individuals. Previously relying on manual, complex and time-consuming processes (for example, legacy databases, Excel, voice, instant messenger and email communications), the firm was looking for a smarter, digital approach.

Following a competitive due diligence process, XP Investments selected genesis due to their deep domain knowledge and Low Code Application Platform, built specifically for capital markets. The platform enables the rapid creation of products and solutions without having to write substantial lines of code. It is the only capital markets-wide, asset-class-agnostic platform for developing, sustaining and operating technology solutions.

XP Investments initially chose genesis to develop a treasury product to automate workflow management between the trading desk, institutional clients and wealth managers. The first iteration was developed and deployed within only weeks; demonstrating that building on genesis’ Low Code Application Platform is much faster, simpler and more cost-effective than the use of other internal/external vendors.

Following the success of the treasury product, genesis has collaborated closely with XP Investments to develop a suite of complementary post-trade and wealth management products. The development has included full integration with XP Investments’ existing in-house and vendor technology, for example, Bloomberg TOMS, Pershing, and a CRM platform. genesis is constantly improving the products and adding new functionality with each iteration, made possible with the rapid development and ease of integration that comes with the Low Code Application Platform.

With this new product suite, XP Investments is able to provide automated workflows to streamline the overall client experience, significantly increase trading volumes and, in parallel, reduce operational cost and risk.

“After a thorough market review, we chose genesis because of their expertise in the capital markets space – especially treasury, post-trade, wealth management, and across asset classes.” said Adelia Gomez, Chief Operations Officer of XP Investments. “We are very impressed by genesis’ ability to quickly deliver quality solutions. As a result, our trading capacity has grown significantly; revenue has increased, while our operational efficiency has been enhanced to the benefit of our clients.”

Commenting on the collaboration, Stephen Murphy, Chief Executive Officer of genesis, said: “We are privileged to have XP Investments as a strategic partner. We are very proud that we continue to deliver these exceptional products to the industry all built on the Low Code Application Platform. We look forward to progressing our innovative collaboration with XP Investments to develop future products that will ultimately help scale the business.”

ENDS

Media Contacts:
Sarah Durrani
Streets Consulting
Email: sarah.durrani@streetsconsulting.com
Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to digital transformation. We help firms solve business problems and enable business opportunities, in a constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code” and “low-code” development tools that empower users and democratises product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global

 

About XP Investments

XP Investments US, LLC d/b/a XP Investments, memberFINRA/SIPC, is affiliated with XP Investimentos, servicing institutional clients from around the world with their equities, fixed income and derivatives business needs in international markets.

XP Investments also has a Private Wealth Management team servicing private clients from around the world with their needs in international markets. XP Investments’ Private Wealth Management team in Miami strives at planning and structuring each client’s investment portfolio in a personalized, open architecture model. It strives at working closely with its clients, taking into consideration not only their return objectives and risk tolerance, but also their life cycle, and life current situation.

XP Investments’ Institutional Desks in New York and Miami service two types of flows: Non Latin American institutions trading Brazilian and Latin American markets (North-South); and Brazilian and Latin American institutions trading international markets (South-North).

XP Investments offers institutional investors in the U.S.:

  • The capability to trade Brazilian local markets through XP Investimentos.
  • The capability to trade other Latam markets including Mexico, Chile, Colombia, and Peru.
  • Corporate-access meetings with both public and non-public Brazilian, companies, industry consultants, and regulators.
  • Customized market commentary from the largest trader of Brazilian equities and options on the Bovespa.

XP offers to institutional investors in Latam an extensive expertise in international markets, in addition to knowledge of current demands and interests from Latin American institutions on equities, fixed income, futures and derivatives.


genesis raises $1.8m to fuel growth from Illuminate Financial Management and Tribeca Early Stage Partners

London, New York – Wednesday, 18th December, 2019


genesis, the international capital markets software firm today announced the closing of its second capital raise, securing $1.8m of investment in a round that was led by Illuminate Financial Management, a U.K. based capital markets venture capital firm and Tribeca Early Stage Partners, a New York venture group. genesis has now raised $5m since its first external capital injection in November 2018.

The new funding will be invested in further development of genesis platform’s core technology, sales and marketing to cement genesis’ position as the ‘low-code’ platform for capital markets software development.

Across the entire capital markets industry, firms are under continuous pressure to digitise manual and repetitive business processes, as well as address a swathe of industry challenges. These range from meeting wide-reaching regulatory requirements, to the limitations of incumbent vendors and software methodology processes, all while finding ways to increase revenue and reduce operational cost.

The genesis platform is a Low-Code Application Platform, built specifically for capital markets, that enables the rapid creation of products and solutions without having to write substantial lines of code. Infrastructure management is minimised and the genesis platform ultimately democratises product design as the coding required is radically reduced, making the development of solutions much faster and much simpler. A unique proposition for the financial services industry, genesis Low-Code Application Platform is the only platform capable of supporting the requirements of capital markets, by building solutions that are highly resilient, scalable and performant.

A growing suite of products to serve a wide range of functional areas have already been built, implemented and deployed on genesis’ Low-Code Application Platform— ranging from a new interest rate pricing product, to a credit risk insurance syndicate loan marketplace through to wealth management portfolio structuring and workflow products.

Commenting on the funding, Mark Beeston, Managing Partner and Founder of Illuminate Financial Management, said: “Since Illuminate invested in late 2018 genesis has really emerged as the leading provider in the low-code, pro-code movement within capital markets.  We see genesis as the industry key to enabling digitisation and the innovation it supports. We are pleased to further support their journey.”

Tribeca Early Stage Partners, a U.S. network of entrepreneurs and business leaders with deep domain expertise in institutional finance and enterprise technology joined the investment round.

Nick Ogurtsov, Partner at Tribeca Early Stage Partners, added: “From the first time we met genesis, we felt the real potential to fundamentally re-define the very standards of software development within capital markets. This is exactly what we see genesis doing today, with its low-code platform that creates dramatically faster time-to-market at a much lower cost than traditional software development methods.”

“We are delighted by the continued investment and support of Illuminate Financial and Tribeca Early Stage Partners. Their investment puts us in a really strong position to continue to grow and lead a critical effort to make low-code application development prevalent across capital markets.” said Stephen Murphy, CEO of genesis. “Low-code has been used widely outside the industry to create applications at speed, and at a drastically reduced cost, although to date these platforms have not been built to support capital markets. We are excited by what we have already achieved both in creating new solutions and products, improving existing solutions and now look forward to bringing genesis Low-Code Application Platform to the capital markets community en masse.”

ENDS

Media Contacts:

Sarah Durrani

Streets Consulting

Email: sarah.durrani@streetsconsulting.com

Tel: +44 (0)20 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to digital transformation. We help firms solve business problems and enable business opportunities, in a constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. We achieve agile and rapid application delivery through our state of the art microservices based framework and business component library. This is augmented with our “no-code” and “low-code” development tools that empower users and democratises product design.

We have made a multi-year investment in the framework that breaks down business problems into small functional components and has been built on the core principles that solutions must be highly performant, resilient, robust, secure & compliant for the capital markets industry.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of both off-the-shelf and client specific solutions.

The experienced leadership team has a unique perspective into the issues facing the industry, having worked at leading financial institutions and capital markets software vendors around the world.

For further information visit www.genesis.global


genesis launches application platform to enable business change

Capital markets software delivery specialist announces ‘low- code’ application platform offering a new, faster approach to digital transformation

London, New York – Thursday, 10 October, 2019 (TBC):


Today, genesis, announced the launch of the genesis platform, designed and built specifically for capital markets. The platform enables the delivery of robust, secure products and solutions at unprecedented speed by radically reducing the amount of coding needed.

A unique proposition for capital markets, genesis platform is a ‘low code’ application development platform; the only capital markets wide, asset-class agnostic platform for developing, sustaining and operating technology solutions. The platform itself is available as a service (PaaS), resulting solutions are cloud deployed by default.

The genesis platform helps clients address highly complex industry challenges, from wide-reaching regulatory requirements, to the limitations of incumbent vendors and software methodology processes, all of which come at a high cost. Clients who can benefit range from global clearing houses, through sell side firms to asset managers; covering both trading and post-trade solution use cases (typically those that process financial instruments).

genesis secured $3M Series A funding in November, 2018 from Illuminate Financial and Tribeca Early Stage Partners. In under a year and in response to market demand, genesis has methodically developed the platform, augmenting its microservices based infrastructure with business components and a comprehensive set of tools to achieve the ‘low code’ vision.

Delivery of the genesis platform is via three flexible options:

  • Build it – clients can harness the genesis platform to develop their own solutions
  • Ready built – genesis provides a catalogue of pre-built capital markets products
  • Build together – a bespoke service, leveraging genesis’ capital markets expertise to build client specific solutions

Stephen Murphy, CEO of genesis said: ‘Low-code’ has been used widely outside the industry to create all sorts of applications at speed, and at a drastically reduced cost. The world of capital markets is changing and the industry is waking up to the necessity for smarter application development. The genesis platform is, we believe, the first capital markets specific ‘low-code’ platform – one that is built to handle financial instruments and the surrounding control environment. For our clients, the platform delivers incredible productivity both in creating new solutions and sustaining and improving existing solutions. We believe the genesis platform is the new blueprint for capital markets software delivery.”

genesis is constantly enhancing the platform to make new products available and deliver business change quickly.

ENDS

Media Contacts:

Sarah Durrani / Julia Streets

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / julia.streets@streetsconsulting.com

Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Confident in our conviction, before even coming to market, we made a multi-year investment in building our microservices technology framework.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. The experienced senior team has worked at leading financial institutions and capital markets software vendors around the world. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed.

Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

genesis is an ambitious growth company and is proud that Illuminate Financial and Tribeca Angels have invested in our success. For further information visit www.genesis.global


genesis launches Post-Trade Product Suite

Capital markets software specialist rolls out post-trade solutions and strategy to automate workflows

London, New York – Thursday, 5th September 2019


genesis, the international capital markets software firm, today announced the launch of its Post-Trade product suite and strategy. Designed and built for post-trade operations, the product suite will transform operational efficiency by automating workflows.

All post-trade operations need to automate to adapt to the constantly changing industry environment driven by business opportunity, regulation, client demand and internal governance. The impact of change is felt across the whole business, and the current response only adds to the overabundance of tactical solutions already in-place, often developed as a ‘quick fix’.

For post-trade participants adapting to change quickly, but with a long-term view is a top priority. All genesis products and solutions are built using the genesis microservices framework, business component library and development acceleration tools. This facilitates the implementation and deployment of agile, scalable and robust products and solutions, quickly and efficiently, and significantly cuts production/implementation timeframes to days and weeks. Business problems are broken down into small functional components, significantly reducing the overall complexity usually associated with building post-trade products and solutions.

David Pearson has recently joined genesis as Head of Post Trade Services, to develop the genesis strategy in the post-trade operational world. He said: “I realise that I have crossed a bridge into a technology world developed for today’s business environment. The genesis platform brings together a complete suite of APIs, database, Web GUI, and tools as a ‘ready-to-solve’ cloud-based service. Our accelerated software development capability allows issues and workflows previously solved with spreadsheets to be rapidly digitised to deliver value to the business in incredibly short timeframes.”

He continued: “For post-trade operations, this revolutionises the capability to respond to the business demand. We have a suite of tools to apply to the workflow, from fee-calculation through data digitisation to data reconciliation and MIS reporting that alongside the framework means we can focus on solving problems and delivering value to the business.”

An example is a current genesis project that assesses the accuracy and timeliness of regulatory trade reporting across multiple data sources for a global broker/dealer. From initial client meeting to understanding requirements – the database, the data processing and MIS reporting engine, was constructed and presented in under 10 days.

Stephen Murphy, CEO of genesis commented: “It’s great to have David on board at genesis. With over 25 years of industry experience across the front and middle office, he completely understands how the capital markets industry’ mindset is shifting and adopting new technology to build the next generation of products and client solutions.”

ENDS

Media Contacts:

Sarah Durrani / Julia Streets

Streets Consulting

Email: sarah.durrani@streetsconsulting.com / julia.streets@streetsconsulting.com

Tel: 020 7959 2235

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Confident in our conviction, before even coming to market, we made a multi-year investment in building our microservices technology framework.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. The experienced senior team has worked at leading financial institutions and capital markets software vendors around the world. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed.

Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

genesis is an ambitious growth company and is proud that Illuminate Financial and Tribeca Angels have invested in our success. For further information visit www.genesis.global


genesis wins ‘Best Cloud Infrastructure Provider’ at the 2019 Waters Rankings Awards

genesis wins ‘Best Cloud Infrastructure Provider’ at the 2019 Waters Rankings Awards


New York, London – Thursday 11th July, 2019: We are pleased to announce that genesis, the global capital markets software firm, won the ‘Best Cloud Infrastructure Provider’ at the 2019 Waters Rankings Awards held in New York on Wednesday, 10th July.

Hosted by Waters Technology, Waters Rankings aim to recognise leading technologies and vendors in their area of expertise; it is the only awards programme where the category winners are determined exclusively by industry specialists from the global capital markets community. The awards are considered a reflection of how financial technology professionals view their peers in terms of overall quality of service.

The recognition for ‘Best Cloud Infrastructure Provider’ reflects the breadth and quality of genesis’ cloud enabled technology, products and solutions. Designed specifically for capital markets participants, genesis’ pioneering microservices framework, business component library and development acceleration tools have been built and developed to be hosted on the cloud. This enables the fast, agile development of a range of scalable and robust products and solutions, with secure deployment.

Stephen Murphy, CEO of genesis, said: “We are delighted to win the award for Best Cloud Infrastructure Provider. We are obsessive about innovation and continually develop our technology to support our clients’ need for resilient solutions implemented quickly. It’s not just our products and solutions that run in the cloud; the entire end-to-end development process from DevOps to testing is completely cloud enabled, this means we can have a solution up and running in seconds.”

He continued: “Cloud is fundamental and at the core of everything we do at genesis. It’s a huge privilege to have been recognised by our industry peers as the best in class when it comes to providing products and solutions to our clients seamlessly on cloud infrastructure. Today’s award is testament to our team’s effort and hard work.”

The Waters Rankings award is genesis’ second award for its technology in as many months, having previously been awarded ‘Best Digital Transformation Solutionin June at the 2019 Trading Tech Insight Awards, North America 2019.  

Media Contacts:

Notes to the Editor:

About genesis

genesis is a global capital markets software company with a difference, offering a fresh approach to helping firms adapt and innovate their business and operating models in an ever-challenging, constantly changing environment.

Pioneering vision, coupled with our technical innovation, is at the heart of everything genesis does. Confident in our conviction, before even coming to market, we made a multi-year investment in building our microservices technology framework.

Whether buy-side, sell-side, execution venue or clearing house, firms call on genesis to help redefine operating models and deliver outstanding value and services. The experienced senior team has worked at leading financial institutions and capital markets software vendors around the world. Having a unique perspective into the issues facing the industry means genesis can challenge existing thinking and focus on providing clients with agile, scalable and robust solutions at speed.

Our strong product portfolio and investment roadmap allows us to collaborate with clients to offer a powerful combination of off-the-shelf and highly customised solutions.

genesis is an ambitious growth company and is proud that Illuminate Financial and Tribeca Early Stage Partners have invested in our success.

For further information visit www.genesis.global