Nivaura hosts successful industry event and product launch
LONDON, 14 February 2020 – Nivaura, a regulated financial technology company focused on primary market automation solutions, today announced the completion of a successful industry event and product launch.
Titled “Structured Data and the Future of Capital Markets”, the event focused on industry challenges and potential solutions such as structured data, standardized mark-up languages and digital workflows. 120 senior capital markets professionals representing banks, law firms, paying agents, exchanges, central securities depositories and ratings agencies attended, with speakers from Allen & Overy, Citi, Euronext Group, European Investment Bank, International Securities Services Association, LeasePlan, London Stock Exchange, Moody’s and UBS.
Avtar Sehra, CEO and Chief Product Architect at Nivaura, commented: “The securities issuance process today involves highly duplicative, fragmented and manual processes, with transaction data existing in static states across multiple different documents and formats. Aurora offers an industry-wide solution for creating and sharing structured data, enabling capital markets practitioners to improve client service, lower operational risk and focus more on valued-added services for their clients.”
Following the event, a group of leading financial institutions will begin testing the ground-breaking Aurora technology suite, which is designed to capture and share structured data across the capital markets. Testing will focus on EMTN bonds, utilising a directory of digitized issuance programmes maintained by leading capital markets law firms.
Nivaura delivers technology solutions that digitize and automate key processes in capital markets. Founded in 2016, the company is led by a team of capital markets, legal and technology experts, and is supported by a well-respected board of directors.
In 2019 Nivaura closed a $20m strategic investment round, with investors including the London Stock Exchange Group, Allen & Overy, Linklaters, Latham & Watkins, Orrick, Santander InnoVentures, Aegon Asset Management, Middlegame Ventures and Digital Currency Group.
Aurora is Nivaura’s flagship technology, which enables automation of a broad set of capital markets activities. Used by banks, issuers, law firms and a number of other service providers, it brings greater efficiency, accuracy and transparency to key processes.
General-purpose Legal Mark-up Language (GLML) is an open-specification mark-up language that allows legal documents to become machine-readable and facilitates automation of capital markets. GLML is being supported and developed by the standalone GLML Consortium, which comprises leading capital markets law firms, banks, custodians, central securities depositories, exchanges, paying agents and ratings agencies.