A-Team Insight Author: sharon
ESG Integration Hurdles, and Spreadsheets, Worry Data Experts
Resourcing constraints and fragmented business practices are holding back companies from integrating ESG processes into their operations. They are also still relying on manual data management to meet their ESG obligations. These findings, presented in a recent study of corporate ESG preparedness by KPMG, point to potentially dire consequences for financial institutions that use data...
Malaysia Assurance Move Highlights Growing Taste for ESG Data Audit
Malaysia has become the latest country to stress data assurance in its proposal for a broad sustainability reporting framework, highlighting the increasing importance being placed globally on ESG data audits. The government in Kuala Lumpur included assurance support in its touted National Sustainability Reporting Framework for Malaysia (NSRF), consultations on which were launched this week....
S&P Global to Acquire Data and Analytical Solutions Specialist Visible Alpha
S&P Global has reached an agreement to acquire Visible Alpha, a provider of industry and segment consensus data, sell-side analyst models and analytics from high-quality, exclusive sources. The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence’s Capital IQ Pro research and analysis platform. Visible Alpha provides consensus...
EDM Council Introduces Data Excellence Program
The EDM Council has introduced a Data Excellence Program offering standardised measurement and recognition of data management excellence at the organisational level. The initiative aims to acknowledge organisations that are dedicated to continuous improvement and excellence in data management based on globally recognised best practices. Key elements of the Data Excellence Program include: Data management...
Why “Last Look” Needs a New Look
By Daniel Chambers, BidFX, Head of Data & Analytics at BidFX (an SGX company). For what seems like an eternity now, the controversy surrounding “last look” has hung over the FX industry like a dark cloud. The practice involves a liquidity provider, like an investment bank or market maker, rejecting or requoting a trade after...
UAE Commercial Bank International Selects Bloomberg MARS for Risk Management
Commercial Bank International (CBI), a national bank in the UAE, has selected Bloomberg’s Multi-Asset Risk System (MARS) modules for counterparty risk, market risk and valuation. The bank previously adopted MARS Front Office to help its LIBOR transition. The three additional modules make MARS the bank’s primary risk management system. The MARS counterparty risk (XVA) module...
Commonwealth Bank of Australia Approved as LEI Validation Agent
The Commonwealth Bank of Australia (CBA) has become a Validation Agent in the Global Legal Entity Identifier System (GLEIS). It is the first agent in Australia and the second announced this month following the appointment of MNS Credit Management Group in Delhi, India. CBA’s approval as a Validation Agent comes ahead of a regulation update...
Genesis Global Launches Web Version of Trade Allocation Manager
Genesis Global, the low-code application development framework provider, has unveiled the web version of its Trade Allocation Manager (TAM), a multi-asset class middle-office solution designed to streamline operations and ensure regulatory compliance for financial markets firms. The TAM web application, built on the Genesis Application Development Platform, promises operational efficiency through the automation of trade...
NICE Actimize GenAI Solutions Cut Crime Investigation and SAR Filing Time
NICE Actimize, a provider of financial crime, risk, and compliance solutions, has released generative AI solutions designed to reduce the time and manual effort traditionally required for financial crime investigations and compliance reporting. The company suggests the solutions offer up to a 50% decrease in investigation time and a 70% reduction in Suspicious Activity Reporting...
Ascent Technologies Adds Horizon Scanning with Acquisition of Waymark
Ascent Technologies, a Chicago-based vendor of AI-enabled compliance automation solutions, has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. The move follows Ascent’s recent acquisition by Edgewater Equity Partners. Waymark’s horizon scanning tools augment Ascent’s obligations management technology, with the combined company now able to offer regulatory coverage of the...