About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

3d innovations Partners with BST to Upgrade Abacus Market Data Inventory

Subscribe to our newsletter

3d innovations (3di), the data management product and services company, has partnered with Swiss-based fintech Banking Software Training AG (BST), to launch a new version of its Abacus Market Data inventory, which will be based on BST’s FinOffice componentry.

“Abacus, which has been around for a number of years, was starting to get a bit clunky. It didn’t have either the speed or the features that were required, especially by our managed services clients, who want to see better reporting,” says John White, CEO of 3di. “We did a bit of soul searching about whether we wanted to go down the path of investing in that technology ourselves – given that we’re not traditionally a supplier of market data expense management software – versus partnering with someone that could help us to up our game in that area.”

BST is providing the technology stack that will underpin Abacus version 4, which will both serve as a stand-alone market data inventory, as well as continue to service 3di’s managed market data clients.

Martin Reichmuth, CEO of BST, points out that the technology partnership with 3di is bi-lateral. “We are currently implementing aspects of the 3di’s Profiler vendor intelligence platform into FinOffice and looking at some of the functional components within their Data Compliance & Dependency Management (DCDM) product that we might re-use,” he says.

3di’s plan is to upgrade all Abacus clients to the new version 4 by the end of the year, says White. “We’re already in the implementation phase with all our clients,” he says. “Over time, our goal is to give them more capabilities, make it more efficient, give them better reporting, and then in time, we’ll be able to licence them more appropriately with either the same level of features and/or upgrade the feature set.”

Both parties stress that the relationship is strategic, but non-exclusive.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential of these new technologies is encouraging financial firms to modernise their trader desktops and streamline operational...

BLOG

BNY Mellon Enhances AI Capabilities with NVIDIA DGX SuperPOD Deployment

BNY Mellon, in a significant step towards advancing its artificial intelligence (AI) capabilities, has announced the deployment of an NVIDIA DGX SuperPOD, becoming the first major bank to implement such advanced AI infrastructure. This move was facilitated by a strong partnership with NVIDIA Professional Services, allowing for a faster-than-usual setup of the SuperPOD, which includes...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.