Leading Industry Players Back FDC3 Desktop Applications Connectivity Initiative
OpenFin is leading an initiative to bring universal connectivity and standards to the desktop applications used across capital markets. The initiative is called the Financial Desktop Connectivity and Collaboration Consortium (FDC3) and initial members include Algomi, AllianceBernstein, Barclays, BNP Paribas, ChartIQ, Citadel, Cloud9, FactSet, Fidessa, GreenKey, J.P. Morgan, Morgan Stanley, OTAS Technologies, RBC, TP ICAP,...
United Overseas Bank Selects NeoXam to Support FRTB And BCBS 239
Singapore’s United Overseas Bank has selected NeoXam’s DataHub to support group-wide data management and compliance with regulatory requirements of the Fundamental Review of the Trading Book (FRTB) and risk data aggregation and reporting under BCBS239. Lim Ann Liat, head of markets and enterprise technology, group technology and operations at United Overseas Bank, says: “One of...
AIMCo Selects FactSet Investment Risk Management Solution
Alberta Investment Management Corporation (AIMCo), one of Canada’s largest and most diversified institutional investment managers, has selected FactSet as its investment risk management solution. Remco van Eeuwijk, chief risk officer at AIMCo, says: “To be considered world class in our approach to risk management, AIMCo required a partner that complemented our organisation and enabled us...
Siren, Capgemini and Cambridge Intelligence Launch Data Intelligence Initiative
Siren, Capgemini and Cambridge Intelligence have launched the Transformative Enterprise Knowledge Graphs initiative with a view to encouraging industry-wide discussion on the development of principles for data intelligence. The group describes data intelligence as the enabler for ‘knowledge-centric companies to join the dots among thousands of internal and external datasets to perform business critical functions’....
Quantexa and Arachnys Partner to Identify and Monitor Customer Risk
Quantexa, provider of big data management software, and Arachnys, provider of a financial crime risk assessment platform, have teamed up to identify and monitor customer risk. Quantexa will use the Arachnys cloud-based investigation platform and global news assets to dynamically screen against negative news, locate missing Know Your Customer (KYC) data and provide enhanced risk...
Countdown to GDPR
Time is running out: the compliance deadline for General Data Protection Regulation (GDPR) is May 25, 2018, and with fines running up to 4% of annual turnover or €20 million for firms that fail to protect European citizens’ personal data, no-one can afford to take this EU data privacy law lightly. From a data management...
Don’t Put All Your Compliance Eggs in the MiFID II Basket
By: Roy Kirby, Senior Product Manager at SIX When major regulatory deadlines loom large, there’s an inevitable tendency for the financial industry to scramble for minimum viable compliance. In layman’s terms, this means doing whatever it takes, regardless of the expense, just to keep the prying eye of the regulator away. Ring any recent bells?...
Silwood Offers Safyr Metadata Discovery Software to Support GDPR Compliance
Silwood Technology, provider of Safyr metadata discovery software, has turned its attention to how firms running vendor application packages can meet the May 25, 2018 compliance deadline for General Data Protections Regulation (GDPR). The company has researched five large and widely used application packages – SAP, JD Edwards, Microsoft Dynamics AX 2012, Siebel and Oracle...
The True Costs and Impacts of Alternative Data Integration
By: Lauren Kline, Vice President of Content and Technology Solutions, FactSet With the rapid adoption of alternative data, the costs to asset managers are not just for the data itself, but also for the cost of implementing the data and hiring the talent to capitalise on it. Financial firms have always relied on a vast...
IHS Markit Expands KY3P Platform with Financial Crimes Screening
IHS Markit has added financial crimes screening to the due diligence tools on its KY3P vendor risk management platform. The screening solution allows users to detect whether their vendors may have breached standards governing anti-bribery and corruption, anti-money laundering, sanctions and export controls. Financial crimes screening data is sourced through Regulatory Data Corp’s (RDC) Global...