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

BNY Mellon Report Explores Big Data in Finance, in the 21st Century

Subscribe to our newsletter

A report recently published by BNY Mellon – it’s available to anyone who request it from them – takes a look at big data, its definition and its potential, and “sketches its transformational influence on the 21st century global financial system, mainly from an asset management perspective.”

The report was written by Jack Malvey, chief global markets strategist for BNY Mellon Investment Management and director of the BNY Mellon’s Center for Global Investment & Market Intelligence (CGIMI); Ashish Shrowty, managing director, BNY Mellon corporate technology; and Lale Akoner, investment analyst, CGIMI.

Acknowledging that “the swift amplification of the big data din may foster doubts by some seasoned capital market veterans,” the report suggests that “over the long run, big data may come to be viewed as the successor to the internet in terms of revolutionary impact.”

Among other assertions, the report connects financial transactions with information: “Asset management and the entire financial services industry are extensions of the information and knowledge businesses, operating under a continuous state of uncertainty.”

Among the report’s predictions:

– Economic releases such as GDP, inflation, and industrial production may become more accurate (subject to less revision) and less surprising thanks to advance signals propagated via big data methods.

– Next-generation analytics (especially more rigorous time series, correlation, graphical, topological, and scenario analyses) will emerge.

– Intelligence garnered from big data techniques will have a profound influence on public and private sector users of capital markets as well as on consumers.

– Through visualisation-aided smart syntheses often in the burgeoning era of “dashboards,” big data will expand the “assimilation range” of even existing information by capital market professionals.

But along with these positive suggestions, comes a warning that: “As with any innovation, there will be constraints in the form of real-time data quality, privacy/confidentiality, transmission speed, overwhelming volumes, data scientist shortage, and security.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Cross-Regulation Data Consistency and Accuracy

Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data consistency in their data validations and examination processes. This webinar will identify cases of data overlap...

BLOG

OptionsDesk Adopts ION’s XTP Front-to-Back Suite for Exchange-Traded Derivatives

OptionsDesk, the UK options broker that provides advisory and brokerage services for retail investors, corporations, and financial institutions, has signed a long-term strategic partnership with ION, the trading, analytics, treasury and risk management solutions vendor. The deal will enable OptionsDesk to expand its exchange-traded derivatives (ETDs) capabilities by utilising ION’s XTP Front-to-Back Suite for both...

EVENT

Regulatory Reporting Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its Regulatory Reporting Briefing taking place in New York and focusing on: Best practices for regulatory reporting with RegTech

GUIDE

Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System – or GLEIS – to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...