24 May 2017
Visit www.capgemini.com/worldreports

Icap's fintech incubation vehicle invests in Model Two Zero

18 January 2012  |  7536 views  |  0 handshake

Euclid Opportunities, the vehicle set up by interdealer broker Icap last year to provide seed funding to new fintech companies, has invested in London-based post-trade software firm Model Two Zero.

Founded in 2006, Model Two Zero provides matching, reconciliation and data-translation technologies to financial services firms, including Credit Suisse and JP Morgan.

As well as cash, Icap's incubator offers firms it invests in an "acceleration programme" featuring tailored support and guidance through a network of advisors, domain experts, mentors and market practitioners.

Christian Nentwich, CEO, Model Two Zero, says: "It is clear that our technology has the potential to lead to revolutionary improvements in post-trade business processes. Working with Euclid, Icap and leading market participants now gives us the opportunity to build scale and solve the hard and persistent problems that still keep operations professionals awake at night."

Mark Beeston, CEO, portfolio risk services, Icap, adds: "Global regulatory initiatives are driving demand for a range of powerful and efficient reconciliation services across a number of business areas. This investment is another step as we continue to provide our clients with the industry's best and most innovative post-trade services."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Icap launches fintech incubation vehicle

Icap launches fintech incubation vehicle

09 March 2011  |  8057 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comDownload the paper nowVisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8779 views comments | 29 tweets | 35 linkedin
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8773 views comments | 27 tweets | 28 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8540 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8529 views comments | 21 tweets | 24 linkedin
hands typing furiouslyOpen APIs - Leveraging Banking As a Servic...
6480 views 1 | 7 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job