A-Team Insight Author: A-Team
Blockchain in the Fund management and Audit Industries: Could it Restore Trust?
By Nish Kotecha, Chairman and Co-founder of Finboot, and Bryan Foss, Independent Director and Visiting Professor at Bristol Business School. Not too long ago, Neil Woodford was still regularly heralded as a “superstar” manager and the “Oracle of Oxford”. How different the story is today. In mid-October, Neil Woodford announced that his Woodford Investment Management...
New ISIN/LEI Data Connection from GoldenSource
Enterprise data management specialist GoldenSource has today revealed a new data connection to support the Association of National Numbering Agencies (ANNA) and Global Legal Entity Identifier Foundation (GLEIF) initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). The combined ANNA/GLEIF initiative was created to increase the transparency of trading exposure by...
Why Further Brexit Delay Creates Greater Reporting Uncertainty for Fund Managers
By Quinn Perrott, co-CEO of TRAction. There is a funny sense of déjà vu when it comes to the latest twist in the Brexit saga. The trouble is that whenever the can gets kicked down the road, market participants put Brexit to one side and allocate IT, process management and compliance resources elsewhere. Then, as...
Digital Realty and Interxion Combine to Create Dominant Provider of Data Center Solutions
San Francisco-based Digital Realty has won the recent bidding war for European provider of carrier and cloud-neutral colocation data centre services, Interxion, entering into a definitive strategic agreement to acquire the firm for an estimated $8.4 billion – heralded as the biggest data centre transaction on record. The stock-swap deal will propel Digital Realty into...
Intercontinental Exchange Launches ICE Hub to Support ETF Growth
Global exchange and clearing house operator Intercontinental Exchange, which also provides data and listing services, has launched the ICE ETF Hub: a new platform designed to support growth and improve standardisation within the ETF primary trading market. The Global ETF market has witnessed substantial growth over the last decade, with assets under management exceeding $5.7...
TP ICAP Signs Multi-Year Strategic Data and Technology Agreement with Refinitiv
Refinitiv is has signed a multi-year strategic agreement with TP ICAP, the world’s largest interdealer broker, to support its data needs for both its brokers and technology platforms. The firm will meet TP ICAP’s application data needs via the Refinitiv Data Platform, and on the desktop via Eikon. Refinitiv will work alongside TP ICAP to...
Bank of England: Machine Learning set to Double in Financial Services
The Bank of England and the Financial Conduct Authority (FCA) have published a new report on ‘Machine Learning in UK Financial Services’ that predicts live machine learning (ML) applications will more than double within the next three years. The report is the result of a joint 2019 survey between the two regulators covering over 300...
Widespread Adoption of LEIs Could Save $2-4 bn per Year, Finds GLEIF/McKinsey
New research conducted by McKinsey on behalf of the Global Legal Entity Identifier Foundation (GLEIF) has found that wider use of Legal Entity Identifiers (LEIs) across the global banking sector could save the industry around $2-4 billion annually in client onboarding costs alone. With estimated total industry spend on client onboarding equal to $40 billion...
Operational Inefficiencies Costing Banks $3.3trn: Fenergo
New research from client lifecycle management provider Fenergo reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5 billion in revenue if they don’t bring their technology and systems up to date. With onboarding times rising by an average of three weeks in the last 12 months, if...
Confluence Technologies Acquires StatPro Group in £161m Deal
US-based ConfluenceTechnologies, a provider of investment data management automation for regulatory, financial and investor reporting, has acquired the UK’s StatPro Group (StatPro), a specialist in cloud-based portfolio analytic software, asset data services and data management tools for the global asset management industry and asset management service providers. The all-cash transaction, amounting to around £161.1 million...