Datactics Extends FlowDesigner to Deliver DQ Metrics for Regulatory Data Compliance
Datactics has extended its FlowDesigner data quality platform to offer DQ Metrics, a monitoring and measurement application that allows financial institutions to measure their data compliance against regulations and industry standards on a continuous basis. The company’s initial release of DQ Metrics covers entity identifiers, particularly LEIs required by MiFID II and EMIR, and GIIN...
Old Mutual Global Investors Implements Curium Data Management Solution
Old Mutual Global Investors, the asset management division of Old Mutual Wealth and part of the Old Mutual Group, has implemented Curium Data Systems’ data management solution for the creation of security master data and data quality management across its investment operations. The Curium solution also provides a control platform for the data governance of...
Opus Global Acquires Alacra in Drive to Develop World Leading Compliance Platform
Opus Global, a provider of software-as-a-service (SaaS) based compliance solutions has acquired Alacra, a provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and reference data services for regulatory compliance that was set up by co-founders Steve Goldstein and Michael Angle in 1996. Terms of the transaction, which closed today, were not disclosed. The acquisition...
A-Team Data Management Summit: Achieving a Seamless Customer View Across the Enterprise
Managing data to achieve a single view of customers is the aim of many banks. The task can be difficult, especially in banks with numerous silos of customer data, but it can be rewarding and deliver benefits including increased customer profitability and decreased costs of customer service. Approaches to achieving a single view of customers...
ESMA has Published Its Technical Standards for MiFIR!
By Chris Pickles, Co-Chair of FIX Trading Community’s Reference Data Subgroup and Member of the Bloomberg Open Symbology Team At last the document has arrived – you can find it on the ESMA web site at http://tinyurl.com/nh5spx7. And there are changes in there that are very significant to anyone involved in reference data, in compliance,...
Cost and Compliance Drive Increasing Adoption of Centralised Customer Data Solutions
Banks have bought into the principle of centralising data to support Know Your Customer (KYC) compliance and deliver a better customer experience, and are now turning principle into practice. The approaches they are taking to centralise data, the solutions they are implementing and the benefits they expect to accrue will be discussed at this week’s...
Thomson Reuters Details PermID as Part of Open Platform Strategy
Thomson Reuters has set out the details of its Permanent Identifier (PermID), a machine readable identifier covering a wide variety of data items including financial institutions, instruments, events and people, and part of the company’s open platform strategy. PermID is the internal standard devised after the merger of Thomson and Reuters to master the company’s...
A-Team Data Management Summit: The Value of Data
As the volume of data held by financial institutions continues to rise at an alarming rate, many firms are considering how best to manage the data with regard to what it is needed for and how it can be used to add value to the business. A panel session at next week’s A-Team Data Management...
A-Team Data Management Summit: Challenges and Opportunities of Regulation
Regulatory compliance deadlines in January 2016 and 2017 are a challenge for data managers, but also an opportunity to develop data management strategies that deliver business benefits. A panel session at next week’s A-Team Data Management Summit in London will debate these issues and look at how firms are getting ready to meet the deadlines....
The Single, Simple Goal of Every Data Operation (and the Three Roadblocks to Achieving It)
By Adam Devine, VP Product Marketing, WorkFusion To compete with rivals, comply with regulations and please customers, financial institutions must achieve one solitary operational goal: better quality data through smarter, more agile and transparent processes that generate end-to-end audit trails while simultaneously using fewer human resources, rationalising technology point solutions and increasing automation without burdening...