About a-team Marketing Services

A-Team Insight Blogs

AIM Survey Charts 15022 Progress and Outsourcing Trend

Subscribe to our newsletter

The reference data management industry has moved into the limelight and can no longer be viewed as a niche market. So suggest the findings of AIM Software’s third Global Data and Risk Management Survey. The wide ranging research, based on responses from 1027 financial institutions in 77 countries, finds that 28 per cent of firms are currently planning to invest in the automation of static data, with more than a quarter intending to automate pricing data and corporate actions. While 22 per cent of interviewed companies are still using proprietary solutions for data management, the number of companies prepared to buy third party systems grew from 19 per cent in 2005 to 22 per cent in 2006.

The research writers put a positive spin on their findings about the take-up of ISO 15022 messaging, suggesting it is the mostly widely used standard data model in the financial markets. But it should be pointed out that just 11 per cent of survey respondents worldwide said they use ISO 15022. This compares well to the mere one per cent using MDDL, and the North America stats around 15022 are pretty encouraging: 24 per cent of firms in that market say they are using the standard. This drops to 14 per cent in Western Europe however and just five per cent in Asia and Asia-Pacific.

The survey holds less than good news as well for advocates of outsourcing. The global figures for 2006 show a fall in interest in outsourcing since 2005. Whereas last year 17 per cent of respondents considered outsourcing the development of their data management solution a viable option, this year that proportion fell to 10 per cent. The proportion of firms considering outsourcing the processing side dropped from eight per cent to just three per cent.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Date: 18 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers...

BLOG

Mackenzie Investments Selects Bloomberg to Manage ESG data

Mackenzie Investments, a large Canadian investment management firm, has selected Bloomberg to manage its ESG data. The data vendor’s cloud-based Data License Plus (DL+) ESG Manager will be used to host the acquisition, management and publishing of multi-vendor ESG data, allowing the firm to implement ESG investing approaches more efficiently and develop more sophisticated ESG-focused...

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

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...