The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Asset Control Rebrands to Alveo Following Two Years of Product Innovation Focused on Cloud and Open Source

Asset Control has rebranded to Alveo, subline ‘where data flows’, to reflect progress the company has made since moving to new ownership under Sovereign Capital Partners two years ago. The focus has been on product innovation, making core software cloud native, deploying managed services, and using cloud technologies to accelerate implementation, and open source tools to reduce costs.

The company has also addressed business user self-service to provide data access, insight and control, and closed the gap been data management and analytics by providing out-of-the-box analytics and an open source processing environment that allows users to create their own analytics. The whole is wrapped up with a newly developed user interface.

After a good year running up to the rebranding, which has involved adding new customers, including asset managers, banks and global clearing and trading platforms implementing the company’s managed services model introduced in 2019, Alveo will focus on data and data management through 2021.

CEO Mark Hepsworth says: “Customers are looking at how data volumes will increase over the next few years and whether their infrastructure will be able to scale cost efficiently. They are focusing on cloud and open source to manage higher volumes and more sources of data, improve data quality, and maximise data ROI.

“Business user self-service is also important as these users want to be able to discover data available to them, access data and bring it into workflows. We have developed and orientated our UI to business users and have provided a primary environment for users to build their own analytics using Python and Jupyter Notebook.”

Commenting on Alveo’s market position as it moves into 2021, Hepsworth says: “Our traditional competitors are not innovating as much as we are at the moment. Depending on the data management project, we are starting to meet other vendors in the market. Customers want good products and good cost of ownership, both of which can be delivered using cloud and open source technologies.”

Related content

WEBINAR

Recorded Webinar: How to establish data quality and data governance for analytics

Data quality has been a perennial problem for financial institutions for many years, but this needs to change as firms become increasingly reliant on accurate analytics to deliver business opportunity and competitive advantage. New approaches to data quality can help firms up their game and significantly improve their analytics capability. Adding the processes, controls and...

BLOG

How to Use Chatbots and Collaboration Tools to Improve Automation and Deliver On-Demand Data

Digital transformation in the financial services sector is forcing a rethink in how financial institutions access the data they need to support trading and investment activities. While traditional bulk data distribution arrangements are well suited to large sell-side institutions, they can be costly and lack flexibility for firms from large Tier 2 sell-sides down to the...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...