23 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Icap makes investment in Model Two Zero

04 December 2012  |  4567 views  |  0 cash

Icap has made a Series A investment in London-based reconciliation vendor Model Two Zero.

The unspecified funding deal follows an earlier investment in January by Euclid Opportunities, Icap's start-up incubator.

Model Two Zero says it will use the funding to launch a new multi-asset class reconciliation service built upon the company's matching and data-translation technologies. The hosted service utilises intelligent algorithms to reduce the time and cost involved in setting up reconciliations.

Mark Beeston, CEO of portfolio services at Icap, who has joined Model Two Zero's board of directors, comments: "The company is highly complementary to our existing business and we look forward to Model Two Zero establishing itself as a key piece of the new post-trade technology landscape".

Model Two Zero has been working with a group of tier-one banks to define key service requirements for its new reconciliation bundle. A core group of launch customers is currently testing the service in preparation for going live in 2013.

The six-year old company lists JPMorgan and Credit Suisse among its client roster.
KeywordsFINDEX

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 shakes up  electronic trading business

Icap shakes up electronic trading business

13 March 2012  |  5054 views  |  0 comments
Icap's fintech incubation vehicle invests in Model Two Zero

Icap's fintech incubation vehicle invests in Model Two Zero

18 January 2012  |  7499 views  |  0 comments
Icap launches fintech incubation vehicle

Icap launches fintech incubation vehicle

09 March 2011  |  8018 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.comParticipate in the survey

Who is commenting?

Top topics

Most viewed Most shared
Bank of England sets up fintech Community; runs blockchain and AI trialsBank of England sets up fintech Community;...
16383 views comments | 33 tweets | 26 linkedin
hands typing furiouslyMachine Learning: Lessons for Banks From S...
10160 views 0 | 12 tweets | 9 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
7603 views comments | 23 tweets | 36 linkedin
satellite26 Japanese banks register for Exchange-ru...
7517 views comments | 2 tweets | 1 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
6279 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job