Latest news with #SDX
Techday NZ
21-05-2025
- Business
- Techday NZ
Cloudera unveils AI-powered data visualisation tools for ANZ
Cloudera has announced the release of Cloudera Data Visualisation with expanded AI capabilities for on-premises environments across Australia and New Zealand. The new software integrates AI visualisation and natural language querying features within the Cloudera platform, aimed at enabling businesses and organisations to share insights and collaborate efficiently without undermining data security or governance. Many enterprises face obstacles to effective data visualisation due to fragmented systems, complicated integrations, and challenges with data governance. These issues can result in an incomplete view of data, which may lead to less effective decision-making. Cloudera's latest version addresses these concerns by consolidating visualisation tools and analytics under one platform, supporting both hybrid and multi-cloud deployments. Keir Garrett, Regional Vice President of Cloudera Australia and New Zealand, commented, "As data-driven demands for clarity, agility and compliance grow across businesses in Australia and New Zealand, Cloudera Data Visualisation acts as a powerful business magnifying glass—turning fragmented data into a single source of truth. With AI-powered insights, natural language querying, and intuitive visuals, it empowers non-technical users across industries like finance, healthcare, telco, and professional services to connect the dots, reduce risk, and make faster, smarter decisions that drive impact." Organisations operating in regulated sectors or with specific compliance needs in Australia and New Zealand are expected to benefit from on-premises support, which is designed to unlock value from enterprise data while maintaining data control and compliance standards. Leo Brunnick, Chief Product Officer at Cloudera, said, "As enterprises continue to prioritise both multi-cloud and hybrid environments, they need to see their data as a part of a bigger picture. Bringing together AI-driven insights, secure infrastructure, and seamless collaboration in one unified platform, users can see the missing puzzle pieces of their data, wherever they may be. It's not just about being able to see the data; it's about seeing how it all fits together to deliver business-critical insights." Cloudera Data Visualisation offers a selection of features intended to support business users in visualising and analysing data. These include a drag-and-drop builder for creating graphs and charts, an AI Visual tool for report generation through natural language, and a predictive application builder that incorporates both Cloudera's machine learning models and those from external providers such as Amazon Bedrock, OpenAI, and Microsoft Azure OpenAI. The platform also integrates with Cloudera Shared Data Experience (SDX) to ensure that organisations can work with data securely, without the need to transfer or duplicate information, therefore reducing data security risks. Advanced governance controls further allow businesses to manage how their data is pictured and accessed. Industry analyst Sanjeev Mohan commented on the release, stating, "By integrating directly with Cloudera's unified platform, users benefit from a consistent experience, enhanced collaboration, and full lifecycle data exploration—all while retaining full control over their own infrastructure. Now, Cloudera users can picture and share insights securely within their on-prem environment, allowing their teams to be more agile and informed in their decision-making." According to Cloudera, hybrid cloud adoption is expected to reach USD $329.72 billion by 2030, meaning integrated and compliant solutions such as Cloudera Data Visualisation are gaining importance for data-driven enterprises in the region.
Finextra
08-05-2025
- Business
- Finextra
Citi and SDX announce digital assets plan for private markets
Citi has teamed up with Swiss post-trade group SDX in a bid to develop tokenisation for private market assets. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The partnership, announced at the Point Zero Forum in Switzerland this week, will see Citi tokenise, settle and safekeep assets on SDX's digital central securities depositary platform. This in turn will bring late-stage pre-IPO equities to institutional and eligible investors on the SDX platform, according to a statement. Tokenisation, once described as a solution looking for a problem, has recently been seen as a way to generate greater liquidity and investor access to private market assets. The venture is expected to go live in the third quarter of 2025. "This initiative will distinguish itself in the industry by using SDX's regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest," said David Newns, head of SDX. 'Switzerland's regulatory framework and SDX's infrastructure allows Citi to bring a new solution to market using technology to solve for challenges in private markets for issuers and investors," said Marni McManus, Citi country officer and head of banking for Switzerland, Monaco and Liechtenstein. "Private markets is a major and growing opportunity and our work with SDX promises to simplify and digitise what is essentially a manual and paper-driven industry today,' said McManus.
Yahoo
07-05-2025
- Business
- Yahoo
Citi, Switzerland's SDX Join Forces to Tokenize $75B Pre-IPO Shares Market
Banking giant Citi and SIX Digital Exchange (SDX), the digital assets-focused arm of Switzerland's main stock exchange, are teaming up to tokenize non-publicly traded shares in a move to streamline a $75 billion market that's littered with PDFs and paper documents. Citi will act as a custodian and issuer agent for tokenized versions of late stage, pre-IPO equities on SDX's regulated blockchain-based Central Securities Depository (CSD) platform, the companies said on Tuesday. Citi said the platform, which is expected to go live in the third quarter, will exclude U.S. investors, but is otherwise global with an initial focus on Switzerland, Singapore and other parts of Asia. Private shares in high-growth, venture-backed companies are a large and appealing subset of an alternative asset class that's valued in the trillions of dollars. Firms with valuations of a billion dollars and more are remaining private for longer as market conditions dictate delays in IPOs for many. That means the companies are looking to secondary markets to help investors and employees get liquidity. But there's an access problem, and the transactions themselves are manual and cumbersome. 'The most notable characteristic of private markets is that there is no infrastructure, at least nothing scalable,' Nisha Surendran, digital asset emerging solutions lead at Citi Ventures, said in an interview. Investors are typically faced with a daunting set of PDFs and paper documents to get through, and the settlement of a transaction can take from five to eight weeks — a process that has to be repeated when the investor wants to exit the position, Surendran explained. 'These investments are also hampered by the fact they don't flow into investors' wealth statements like other public securities do. Rather, they end up encapsulated in PDFs or paper documents or on other platforms,' she said. While recent years have seen many traditional financial institutions looking at the tokenization of real-world assets, the very early days of this trend saw lots of attention focused on blockchain-enabled private markets, but with little actually delivered. SDX CEO David Newns said many hopeful Web3 projects, which saw blockchain rails as a way to streamline outdated processes and enable easy access and distribution for private markets, came up against regulatory hurdles. 'There's a very mature digital-securities regulatory environment in Switzerland where we've been doing this now since 2021,' Newns said in an interview. 'That isn't the case elsewhere. The technology may have looked like it could address all the challenges, but problems around distribution, holding the instrument, and what that instrument represents legally from an investment perspective were not really solved.'
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
Citi and SDX Join Forces to Unlock Access to Tokenized Private Market Assets for Global Issuers and Investors
Citi will join SDX as a custodian and tokenization agent as both parties work together to unveil an industry-first solution in the third quarter of 2025 SINGAPORE, May 7, 2025 /PRNewswire/ — Citi and SDX today announced their collaboration at the Point Zero Forum in Switzerland that addresses challenges associated with traditional private markets for global issuers and investors. Citi will be tokenizing, settling and safekeeping assets on SDX's digital Central Securities Depositary (CSD) platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the SDX platform. Expected to be live by the third quarter of 2025, Citi and SDX are developing a scalable solution that will make shares in high-growth, venture-backed private companies much more accessible to investors. For issuers, it will present a novel and compliant model to simplify liquidity management for early investors and employees while enabling cap table control. The collaboration leverages Citi's expertise in securities services and private market investments, and SDX's regulated infrastructure for digital securities. David Newns, Head of SDX, said, 'We are excited to welcome Citi to the SDX platform and together deliver this landmark project in the tokenization of private shares. This initiative will distinguish itself in the industry by using SDX's regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest.' Marni McManus, Citi Country Officer & Head of Banking for Switzerland, Monaco & Liechtenstein, said, 'Switzerland's regulatory framework and SDX's infrastructure allows Citi to bring a new solution to market using technology to solve for challenges in private markets for issuers and investors. Private markets is a major and growing opportunity and our work with SDX promises to simplify and digitize what is essentially a manual and paper-driven industry today.' Ryan Marsh, Head of Innovation & Strategic Partnerships, Investor Services and Issuer Services at Citi, said, 'As a digital custodian and tokenization agent on the SDX platform, Citi will support its global investor and issuer clients with end-to-end servicing of tokenized assets. As tokenization scales, we are meeting client demand for access to emerging and relevant digital asset ecosystems and investments. Working with SDX, we are also advancing our innovation agenda to open new frontiers to benefit our clients.' The collaboration between Citi and SDX further supports the development of the Swiss digital asset ecosystem and its connectivity with key global markets worldwide. Global digital asset banking group, Sygnum, and Singapore-based financial institution, SBI Digital Markets, will facilitate access to the pre-IPO equities that Citi will bring onto the SDX platform to their clients in Europe and Asia, respectively. About SDX SDX Group AG (SDX) and its subsidiaries operate financial market infrastructures (FMIs) for the issuance, trading, settlement, and custody of digital assets, licensed by FINMA, Switzerland's financial market regulator. SDX operates a stock exchange through SDX Trading AG and SIX Digital Exchange AG, Switzerland's first and only Central Securities Depository (CSD) on DLT. SDX Web3 AG is also part of the Group and offers institutional-grade crypto asset custody and staking solutions. As part of SIX Group, SDX is subject to the Group's high quality and security standards covered under Swiss law. SDX is headquartered in Zurich, Switzerland. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: About the Point Zero Forum Jointly hosted by Global Finance & Technology Network (GFTN) with the Swiss State Secretariat for International Finance (SIF) annually in Zurich, what sets the Point Zero Forum apart is its focus on action-oriented outcomes: it moves beyond discussion to catalyse pilots, shape policy frameworks, and enable cross-border collaborations in areas such as digital money, asset tokenisation, artificial intelligence and green finance infrastructure. The fourth edition of the Forum convenes a curated community of global decision-makers to build trust in frontier innovation, co-design next-generation financial architecture, and align on regulatory pathways that are both robust and enabling. View original content to download multimedia: SOURCE Citi
Bloomberg
06-05-2025
- Business
- Bloomberg
Citigroup to Partner With Swiss Bourse in Private Markets Push
Citigroup Inc. is partnering with Switzerland's stock exchange SIX Group AG as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings. The New York-based bank will use a platform operated by SDX, a subsidiary of SIX, to offer shares in late-stage, pre-IPO companies to investors, according to a statement. The offering will be available starting in the third quarter.
