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

A-Team Insight Blogs

Bankenes Sikringsfond Implements Xenomorph TimeScape to Improve Risk Analytics

Bankenes Sikringsfond, the Norwegian banks’ guarantee fund, is implementing Xenomorph’s TimeScape solution to create a central analytics and data management platform that can support a dynamic risk approach to the market.

The fund started looking for a solution about six months ago. It wanted to link multiple data sources and perform proprietary analysis for distribution to its fund management team. This would support faster decisions based on consistent and high-quality data and analytics, and allow the fund to track market developments against its fundamental understanding and identify and manage dynamic risks affecting portfolios.

The fund considered hosted solutions from the likes of Bloomberg and FactSet, but alighted on TimeScape as it found the software more flexible in terms of how data can be controlled and how data models can be designed. TimeScape can integrate and handle any asset class and offers the fund automated data storage, cleansing, validation and analysis using built-in functionality or analytics added by the fund management. The software was deployed a couple of months ago and is being fed with data, while data structures are being finessed as the fund rolls out the solution through live trading and towards an expected finish in six months’ time.

John de Courcy-Bower, execution trader at Bankenes Sikringsfond, says: “I joined the fund about a year ago. I had used TimeScape about 10 years before, when it was young. It has developed well and become a powerful and flexible solution. Without large upfront time in IT investment, we can hit the ground running using the system in a highly scalable fashion. We now have a central source of information that is processed efficiently and large amounts of calculations and tasks can be performed automatically.”

Bankenes Sikringsfond is using TimeScape to integrate data from its middle-office Bloomberg Aim system with market data, historic market data from internal sources and portfolio positions. It has positioned the software as an overlay to its live trading environment. For Xenomorph, Bankenes Sikringsfond is the company’s first user in Norway, although it does claim another Scandinavian client in Sweden.

Related content

WEBINAR

Recorded Webinar: MiFID II revisited

Don’t miss this opportunity to view the recording of this recently held webinar. Markets in Financial Instruments Directive II (MiFID II) went live over three months ago, requiring financial institutions to make significant changes to their data management processes. The webinar will discuss how these processes held up on the compliance deadline, January 3, 2018,...

BLOG

Reformis Adds Matrix IDM and NeoXam to Vendor Partner Programme

Reformis, a buy-side business transformation consultancy, continues to build out its vendor partnership programme with the addition of Matrix IDM’s cloud native data management software, and NeoXam’s Impress reporting solution. These join the company’s list of existing partners and products including IHS Markit’s EDM software, Snowflake’s cloud data platform, and Compliance Solution Strategies’ Accudelta product....

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...