17 purpose-built platforms — each one a direct agentic competitor to category-leading incumbents — plus 8 mapped gaps not yet built, spanning front office, post-trade operations, compliance and the data backbone that ties them together.
17
platforms live
173+
specialised AI agents
4
ecosystem layers
Capital moves down through the stack from client-facing activity to settlement and surveillance; governed data and cleared identities move back up through every layer. Dashed cards are mapped gaps — prototype not included.
Where capital gets deployed — trading, lending, treasury and advisory desks that originate business
↓ trades, positions & cash flows
↑ settlement status, exceptions & risk exposure
What happens after the trade — settlement, reconciliation, collateral, custody and fund administration
↓ flagged transactions & counterparty activity
↑ cleared counterparties, sanctions status & case outcomes
Who you can do business with, and proving it stays clean — onboarding through surveillance and capital adequacy
↑ golden-record entities, instruments & market data — feeds every layer above
The golden-record foundation every layer above reads from and writes back to
Solid cards link to a live product. Dashed cards are mapped ecosystem gaps — prototype not included — shown with their real-market competitors for reference.
Agentic cross-asset front-to-back capital markets — trade capture, market and credit risk, collateral, settlements and regulatory reporting in one cockpit.
Competes with
Agentic wealth management front-to-back — portfolio construction, investment research, tax optimization, performance reporting and an advisor co-pilot.
Competes with
Agentic syndicated and complex commercial lending — deal origination through agency management, servicing, covenant compliance and secondary trading.
Competes with
AI-powered hedge fund platform combining ML trading strategies, portfolio management, risk management and backtesting.
Competes with
Retail and commercial account ledger, deposits, payment rails — the base banking layer nothing else in the portfolio currently sits on top of.
Competes with
Order and execution management — where portfolio managers and traders actually place orders, upstream of Zenith's trade booking.
Competes with
Bank-side balance sheet, funding and liquidity risk management — distinct from Marginal's collateral desk.
Competes with
Transaction cost analysis and best-execution proof across venues and asset classes.
Competes with
Letters of credit, invoice finance and supply-chain finance for corporate clients — lending-adjacent but a distinct product line from Tranche.
Competes with
Crypto and tokenized-asset custody, settlement and trading connectivity — a newer asset class none of the other platforms cover.
Competes with
Agentic global securities processing and prime brokerage back office — trade capture through settlement, stock record and corporate actions.
Competes with
Distributed-ledger-native international securities processing and prime brokerage back office — a permissioned shared ledger enables atomic T+0 settlement, smart-contract corporate actions and tokenized collateral. Deliberately split from Keystone: Keystone automates the traditional sequential STP paradigm, Ledgerline reimagines it on a shared ledger.
Competes with
Agentic standalone collateral management — margin call workflow, SIMM, inventory optimization, disputes and tri-party connectivity.
Competes with
Agentic enterprise risk management — firm-wide VaR/ES, counterparty credit risk (CVA/PFE), limits monitoring, model risk, scenario analytics and hedging advisory. Desk-agnostic, aggregating exposure from Zenith, Tranche and Argentic rather than duplicating trade capture — distinct from Ballast's regulatory capital calculation and Marginal's collateral-specific risk.
Competes with
Agentic reconciliation across cash, securities, trades and intercompany books, with AI-driven break investigation and resolution.
Competes with
Agentic investment accounting and reporting — multi-custodian data aggregation, GAAP/STAT/IFRS ledger accounting, tax-lot amortization and regulatory reporting for insurers, corporates and other institutional asset owners.
Competes with
NAV calculation and fund accounting for asset managers — a different customer than Argentic's advisor-facing layer.
Competes with
Agentic custody and asset servicing — safekeeping, corporate actions, income and tax reclaim, proxy voting, reference data and sub-custodian network management. The custodian-side counterpart to Keystone's prime-broker back office.
Competes with
Capital calls, distributions and fund administration for private equity and venture funds — illiquid-asset counterpart to Fund Admin & NAV.
Competes with
Agentic client lifecycle management — onboarding, KYC/CDD, risk scoring, document verification and periodic review.
Competes with
AI agents automate regulatory compliance operations end-to-end: AML/KYC, breach management, filings, licensing, policy and transaction reporting.
Competes with
Agentic entity intelligence and financial crime — entity resolution, network analytics, transaction monitoring and sanctions screening.
Competes with
Agentic market abuse detection — insider trading, spoofing/layering, wash trading, cross-market and comms surveillance, conduct monitoring, and STOR/SAR filing under MAR/MiFID II. Distinct from Nexigent's entity/AML focus.
Competes with
Agentic prudential regulatory capital platform — RWA calculation, FRTB market risk, capital adequacy ratios, liquidity (LCR/NSFR), large exposures and COREP/FINREP submission. Capital adequacy and quantitative prudential reporting, distinct from Regulus's operational compliance ops.
Competes with
Every platform and mapped gap in one table — name, layer, description, full competitor set, agent count and status.
| Name | Layer | Description | Competes with | Agents | Status | Link |
|---|---|---|---|---|---|---|
| Zenith | L1 | Agentic cross-asset front-to-back capital markets — trade capture, market and credit risk, collateral, settlements and regulatory reporting in one cockpit. | Calypso, Murex MX.3, Finastra Summit, FIS Front Arena, SunGard Adaptiv, Sophis / Profile Software, Kondor+ (Finastra), Orchestrade, ION Trading | 10 | Live | Open |
| Argentic | L1 | Agentic wealth management front-to-back — portfolio construction, investment research, tax optimization, performance reporting and an advisor co-pilot. | Avaloq, Temenos WealthSuite, FNZ, SS&C Advent (Geneva/Black Diamond/APX), Bloomberg AIM, SEI Wealth Platform, InvestCloud, Broadridge Wealth, Objectway, Additiv, Backbase, Finantix, Comarch Wealth Management | 13 | Live | Open |
| Tranche | L1 | Agentic syndicated and complex commercial lending — deal origination through agency management, servicing, covenant compliance and secondary trading. | Finastra Loan IQ, Fiserv LoanServ, Temenos Lending, nCino, HES FinTech, Calyx, Nortridge | 10 | Live | Open |
| Azend | L1 | AI-powered hedge fund platform combining ML trading strategies, portfolio management, risk management and backtesting. | QuantConnect, Numerai, Kavout, Alpaca, Composer, Trade Ideas | — | Live | Open |
| Core Banking / Deposits & Payments | L1 | Retail and commercial account ledger, deposits, payment rails — the base banking layer nothing else in the portfolio currently sits on top of. | Temenos Transact, Mambu, Thought Machine (Vault), Finxact, Oracle FLEXCUBE, FIS Modern Banking Platform | — | Prototype | — |
| OMS / EMS | L1 | Order and execution management — where portfolio managers and traders actually place orders, upstream of Zenith's trade booking. | Bloomberg AIM, Charles River (State Street), FlexTrade, LSEG Fidessa, Portware (Virtu), Eze OMS (SS&C) | — | Prototype | — |
| Treasury & Liquidity (ALM) | L1 | Bank-side balance sheet, funding and liquidity risk management — distinct from Marginal's collateral desk. | Kyriba, FIS Ambit, Finastra Treasury, Wall Street Systems (Finastra), GTreasury | — | Prototype | — |
| Best Execution & TCA | L1 | Transaction cost analysis and best-execution proof across venues and asset classes. | Bloomberg TCA, LiquidMetrix (ION), BestX, Abel Noser (Virtu), TradingScreen | — | Prototype | — |
| Trade Finance & Supply Chain Finance | L1 | Letters of credit, invoice finance and supply-chain finance for corporate clients — lending-adjacent but a distinct product line from Tranche. | Finastra Trade Innovation, CGI Trade360, Surecomp, Traydstream, Komgo | — | Prototype | — |
| Digital Asset Custody & Trading | L1 | Crypto and tokenized-asset custody, settlement and trading connectivity — a newer asset class none of the other platforms cover. | Fireblocks, Copper, Anchorage Digital, Metaco (Ripple), BitGo | — | Prototype | — |
| Keystone | L2 | Agentic global securities processing and prime brokerage back office — trade capture through settlement, stock record and corporate actions. | Broadridge GLOSS, SS&C Advent / GlobeOp, FIS Front Arena (legacy), Torstone Technology | 10 | Live | Open |
| Ledgerline | L2 | Distributed-ledger-native international securities processing and prime brokerage back office — a permissioned shared ledger enables atomic T+0 settlement, smart-contract corporate actions and tokenized collateral. Deliberately split from Keystone: Keystone automates the traditional sequential STP paradigm, Ledgerline reimagines it on a shared ledger. | Broadridge GLOSS, SS&C Advent / GlobeOp, FIS Global Trading & Processing (Front Arena legacy), Torstone Technology, Sungard GMI / Phase3 (FIS legacy) | 12 | Live | Open |
| Marginal | L2 | Agentic standalone collateral management — margin call workflow, SIMM, inventory optimization, disputes and tri-party connectivity. | CloudMargin, AcadiaSoft (LSEG), Transcend, TriOptima (OSTTRA), Cassini Systems, Pirum | 11 | Live | Open |
| Vantage | L2 | Agentic enterprise risk management — firm-wide VaR/ES, counterparty credit risk (CVA/PFE), limits monitoring, model risk, scenario analytics and hedging advisory. Desk-agnostic, aggregating exposure from Zenith, Tranche and Argentic rather than duplicating trade capture — distinct from Ballast's regulatory capital calculation and Marginal's collateral-specific risk. | Adenza (Calypso Risk), MSCI (BarraOne / RiskMetrics), Moody's Analytics (RiskFrontier), SS&C Algorithmics, IBM Algo, Numerix, Bloomberg MARS, FIS Adaptiv | 10 | Live | Open |
| Parity | L2 | Agentic reconciliation across cash, securities, trades and intercompany books, with AI-driven break investigation and resolution. | SmartStream TLM, IntelliMatch, Duco, Gresham, AutoRek | 10 | Live | Open |
| Clarion | L2 | Agentic investment accounting and reporting — multi-custodian data aggregation, GAAP/STAT/IFRS ledger accounting, tax-lot amortization and regulatory reporting for insurers, corporates and other institutional asset owners. | Clearwater Analytics, SS&C Advent Geneva, Confluence Technologies, Eagle Investment Systems (BNY Mellon), SimCorp, Vermeg | 10 | Live | Open |
| Fund Administration & NAV | L2 | NAV calculation and fund accounting for asset managers — a different customer than Argentic's advisor-facing layer. | SS&C GlobeOp / Advent, State Street Alpha, Northern Trust, Citco, SEI Fund Services | — | Prototype | — |
| Assetic | L2 | Agentic custody and asset servicing — safekeeping, corporate actions, income and tax reclaim, proxy voting, reference data and sub-custodian network management. The custodian-side counterpart to Keystone's prime-broker back office. | BNY Mellon (proprietary), Broadridge, SmartStream CAM, GoldenSource, Xceptor | 13 | Live | Open |
| Private Markets / PE-VC Fund Admin | L2 | Capital calls, distributions and fund administration for private equity and venture funds — illiquid-asset counterpart to Fund Admin & NAV. | eFront (BlackRock), Allvue Systems, Dynamo Software, Investran (SS&C) | — | Prototype | — |
| Covenant | L3 | Agentic client lifecycle management — onboarding, KYC/CDD, risk scoring, document verification and periodic review. | Fenergo, NICE Actimize (KYC), Encompass Corporation, Moody's Analytics (Orbis KYC), Appway (Backbase), Pegasystems | 10 | Live | Open |
| Regulus | L3 | AI agents automate regulatory compliance operations end-to-end: AML/KYC, breach management, filings, licensing, policy and transaction reporting. | NICE Actimize, Ascent RegTech, Corlytics, Thomson Reuters Regulatory Intelligence, Wolters Kluwer, IBM OpenPages, MetricStream | 10 | Live | Open |
| Nexigent | L3 | Agentic entity intelligence and financial crime — entity resolution, network analytics, transaction monitoring and sanctions screening. | Quantexa, Palantir, Neo4j, Napier, Ripjar, NICE Actimize, SAS, Feedzai, Verafin, ComplyAdvantage, WorkFusion | 13 | Live | Open |
| Sentinel | L3 | Agentic market abuse detection — insider trading, spoofing/layering, wash trading, cross-market and comms surveillance, conduct monitoring, and STOR/SAR filing under MAR/MiFID II. Distinct from Nexigent's entity/AML focus. | Nasdaq SMARTS, NICE Actimize (surveillance), Eventus Systems, Trapets, ACA ComplianceAlpha | 12 | Live | Open |
| Ballast | L3 | Agentic prudential regulatory capital platform — RWA calculation, FRTB market risk, capital adequacy ratios, liquidity (LCR/NSFR), large exposures and COREP/FINREP submission. Capital adequacy and quantitative prudential reporting, distinct from Regulus's operational compliance ops. | Adenza (Calypso + AxiomSL), Moody's Analytics, Wolters Kluwer OneSumX, SAS Risk & Regulatory Reporting, IBM Algo, Regnology, Vermeg, Suade Labs | 12 | Live | Open |
| Meridian | L4 | Agentic data platform on LangGraph for data quality, lineage, enrichment and golden-record mastering — the clean-data foundation the rest of the portfolio builds on. | Informatica, Collibra, Ataccama, Talend / Qlik, Profisee, Reltio | 7 | Live | Open |