Selling in the ‘new normal’ By Bob Etherington. Managing Director, SpokenWord Ltd
Whenever you talk to those who sell products and services in the financial sector, the current strategy can often be summed up as ‘waiting for the good times to come back…one day’. The golden days of booming markets, global expansion and Greenspan’s famous ‘irrational exuberance’. All the things that were going to go on forever...
Accenture Set to Roll Out Managed Reference Data Platform
Accenture is preparing to begin live demonstrations of its Managed Reference Data Service, developed using Asset Control’s data management platform, which will provide outsourced reference data management services, next month. The unveiling of the system, elements of which were on show at last month’s Sibos event in Atlanta, follows hot on the heels of a...
Telekurs (U.K.) Reorganizes; Streamlines Product Line
Telekurs Financial’s U.K. operation is planning to rationalize its product line to 10 products in 2005. The company also unveiled its new organizational structure for next year and is gearing up to open a new sales office in Edinburgh in December. The rationalized product line will fall into reference data, corporate actions and pricing data...
SunGard Joins Outsourcing Trend; Establishes Advisory Board
Joining the growing number of large-size vendors launching outsourced data management solutions, SunGard Data Management Solutions’ last month revealed plans of its referencePoint Managed Data Service (rMDS), which is scheduled to begin operations in the first quarter of 2005. Based on the ReferencePoint platform that SunGard acquired through its purchase of Fame Information Services, rMDS...
FT Interactive Data Sees Strong 3Q Growth In North America
Interactive Data Corp. – the parent of FT Interactive Data – saw third quarter revenues grow 10.4% over the same period last year to $122.9 million, with net income of $21.8 million, compared with $18 million in the third quarter of last year. Organic growth – excluding acquisitions such as FutureSource and the effects of...
SunGard’s Invest One Sources Fair Value Data From FT Interactive Data
FT Interactive Data has secured another client for its Fair Value Information Service in the form of SunGard Investment Management Systems. The Fair Value Information Service will be integrated into SunGard’s Invest One accounting and reporting software to support the fair valuation requirements of SunGard’s mutual fund customers.
OPERS Shortlists Eagle and DST For Data Management System Purchase
The Ohio Public Employee Retirement System (Opers) has narrowed down the list of vendors it is considering to provide a centralized data management and portfolio accounting solution. Eagle Investment Systems and DST International are said to have made the shortlist. Opers, which has $60 billion in assets under management, currently maintains multiple securities master files...
FTI’s StreetEnterprise Disappears In GoldenSource Rebranding
Financial Technologies International (FTI) last month rebranded its entire product suite from StreetEnterprise to GoldenSource in an aim to emphasize its data management capabilities. According to FTI, this is in recognition of the fact that firms are facing significant regulatory and compliance challenges, as well as considering opportunities to drive new revenue streams with new...
Due Diligence Repository to Provide KYC Data for Compliance
A new Due Diligence Repository has been created to provide banks with ‘know your client’ data needed to carry out compliance checks. The service has been developed by Bankersalmanac.com and in association with the Wolfsburg Group – a group of twelve global banks working towards standards for various regulatory requirements. It aims to provide a...
Deutsche Bank Evaluating Data Management Platforms for Risk Processes, Decision Q1, 2005
Deutsche Bank is currently evaluating a number of reference data management solutions to source, cleanse, manage and distribute data for use primarily within its risk management functions. The vendors have responded to a Request for Information (RFI) and a decision is expected to be made in the first quarter of 2005. Deutsche Bank did not...