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

Subscribe to our newsletter

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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Deploying knowledge graphs in the real data management world

Knowledge graphs that link data across a wide and diverse range of sources, incorporate both structured and unstructured data, visualise connected data, and provide in-depth contextual search capabilities that deliver business insight without moving data offer great potential for financial institutions. Their use cases range from advanced data integration, unification and analytics to specific functionality...

BLOG

Altada Opens London Office to Meet Local Demand for AI Solutions for Asset Management

Altada Technology Solutions, a provider of artificial intelligence (AI) solutions supporting improved data-driven decision making in the asset management community, is expanding on a global basis with the addition of a London office. Through 2021, the company has added offices in New York, San Francisco, Malta, Dublin and Barcelona. Altada was founded in 2018 in Cork,...

EVENT

Virtual Briefing: ESG Data Management – A Strategic Imperative (Redirected)

This 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

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...