SmartStream Supports Open Source Identifiers in Reference Data Utility
SmartStream Technologies is planning to help users of its Reference Data Utility – or SPReD Securities Product Reference Data platform – adopt open source identifiers following an agreement with Thomson Reuters under which the latter will provide reference data including open source PermID identifiers to the utility. The company is also in conversation with Bloomberg...
New York City Data Management Summit Discusses Data as a Business Asset and Introduces A-Team’s BCBS 239 Handbook
Data governance, risk data aggregation, regulatory challenge, utility models, data architecture, Know Your Customer (KYC), data as an asset and machine learning were just some of the data management topics discussed at last week’s A-Team Group Data Management Summit in New York City. The conference also hosted the introduction of A-Team’s BCBS 239 handbook, which...
Regulation Review: BCBS 239
The Basel Committee on Banking Supervision regulation BCBS 239 takes effect on January 1, 2016 with global systemically important banks (G-SIBs) the first tranche of banks that must achieve compliance. Domestic systemically important banks (D-SIBs) will follow three years after their designation as D-SIBs, although many national supervisors are expected to encourage compliance among these...
DataArt Round Table Discusses the Implications of Innovation
Financial services firms need to innovate to meet changing client expectations, but will innovation prove transformational for large incumbent firms or will it support only evolutionary development? This question and others around business models, new technologies, fintech start-up and regtech were the subject of a recent round table discussion hosted by technology consultancy DataArt. Chris...
A-Team Publishes BCBS 239 Handbook
As the January 1, 2016 compliance deadline for BCBS 239 approaches, A-Team Group has published a BCBS 239 Handbook dedicated to the regulation and designed to help data management and data governance practitioners implement its 14 principles successfully. The regulation embodies the post-financial crisis need for effective and efficient risk data aggregation and reporting across...
AxiomSL Plans Software-As-A-Service Version of its Regulatory Reporting Platform
AxiomSL is planning to introduce a software-as-a-service (SaaS) version of its regulatory reporting and risk management platform next year with a view to supporting asset managers and hedge funds that do not have sufficient IT resources to deploy the platform in-house. The SaaS solution will offer these types of firms an additional option on access...
Exchanges Increase Market Data Revenue at Greater Rate than Traditional Vendors
The acquisition of Interactive Data (IDC) by Intercontinental Exchange (ICE) will make ICE the third largest market data vendor after Bloomberg and Thomson Reuters. It will also increase exchanges’ market data revenue, which in 2014 rose 12.05% to $3.26 billion. In the same period, traditional data vendors grew market data revenue by 4.07% to close...
Smart Machines: A $10 Trillion Capacity Windfall or a $10 Trillion Jobs Deficit?
By Adam Devine, VP Product Marketing, WorkFusion Predictable, monotonous data work costs the United States, Canada and Europe over $10 trillion of human intelligence each year, and that number is growing. You know the kind of work: a data analyst sitting in front of two screens, one flashing an endless stream of unstructured content, the...
The Challenges and Opportunities of Smart Data Governance Strategies
The development of data governance strategies is being driven by regulation, but a smart strategy can deliver far more than regulatory compliance and give financial firms the ability to improve their customer relationships and increase profitability. With data governance at the top of the agenda at many banks, its challenges and opportunities will be discussed...
Interactive Data to be Acquired by Intercontinental Exchange for $5.2 billion
After much debate about the future of data vendor Interactive Data, it has emerged that Intercontinental Exchange has bought the company from its private equity backers for $5.2 billion. The backers Silver Lake and Warburg Pincus originally purchased the company for $3.4 billion in 2010. The deal ends over a year of speculation about when...