Talking Data Management with Andrew Delaney: A Salesman to the Core
Anyone who’s ever met Rob Flatley will attest to the fact that he was born to sell CoreOne Technologies, and probably to Markit. And so it transpires that Markit has bought yet again in the enterprise data space, this time parting company with $200 million for CoreOne and its One-suffixed affiliates in the Symphony Group,...
Opinion: Avoiding the Troubles of Target Obsession Disorder
By Dennis Slattery, CEO, EDMworks A lot of effort has recently gone into researching the impact of target setting in the public sector. Does it deliver a benefit or not? The topic is relevant to financial services as many of us are engaged in designing metrics for measuring and improving data quality. Unsurprisingly, evidence from...
Vendor Profile: Advent Software
Established in 1983, Advent Software is one of the old guard of investment management solution providers, but it has kept pace with the market and is expected to develop further following its acquisition by SS&C Technologies, which completed in July 2015. Together, the companies are creating a strategic plan for growth including extended cloud-based services,...
Opinion: ECB AnaCredit Project Will Subject Reference Data to a New Level of Scrutiny
By David Attenborough, Business Development Manager EMEA, AxiomSL The European Central Bank (ECB) is increasing its focus on credit risk. As part of the Analytical Credit Dataset (AnaCredit) project, it plans to create a centralised register of granular data about the credit granted by financial institutions in Europe to the non-financial sector. The regulator is...
Data Management Companies Feature Highly in Institutional Investor’s 2015 Tech 50
Congratulations to our data management colleagues who have made it into Institutional Investor’s 2015 Tech 50 ranking. Among them are Lance Uggla, CEO at Markit; David Craig, president of financial and risk at Thomson Reuters; Brian Conlon, CEO at First Derivatives; Steven O’Hanlon, president and CEO at Numerix; and Brian Sentance, CEO at Xenomorph Software....
Commerzbank Details Use of Asset Control’s Data Management Platform
Commerzbank has upgraded its Asset Control AC Plus data management platform to gain extended audit capabilities, increase functionality around the creation and display of yield curves, and benefit from the company’s Risk Data Manager component, which was introduced in June and provides better risk controls than were previously available on the platform. This development is...
Silverfinch Sets Up Wiki to Support Information Sharing on Solvency II Data Model
Silverfinch, a fund data utility designed to support asset managers and insurance firms in meeting the look-through requirements of Solvency II, has set up a Wiki page dedicated to helping industry participants resolve issues around the regulation before it takes effect in January 2016. The company has loaded the Solvency II tripartite data exchange template,...
Dutch Pension Fund Service Provider PGGM Centralises Data with SimCorp Data Warehouse
PGGM Vermogensbeheer, the second largest pension fund service provider in the Netherlands managing close to €200 billion worth of pension assets and operating as a cooperative with 686,000 members, has selected Simcorp’s data warehouse to centralise data for reporting and analytics. The co-operative first worked with SimCorp in 2006, when it implemented SimCorp Dimension for...
Joining up your regulatory response: BCBS 239 attestation and the new Senior Manager Regime (SMR)
By Dennis Slattery, CEO, EDMworks The Financial Conduct Authority (FCA) is pushing forward with a strategy requiring senior managers to sign written statements or “attestations” in which they personally confirm their firm’s compliance with particular regulatory requirements. But it’s not just the FCA as global regulators are pursuing similar agendas. BCBS 239 being a case...
A-Team Webinar Discusses the Challenges and Opportunities of Risk Data Management
Risk data management has become a focus for many financial institutions, not only as a means to comply with incoming regulations, but also as the basis of business benefits ranging from reacting quickly to deteriorating situations to optimising capital requirements and cutting operational costs. A recent A-Team Group webinar discussed the growing importance of risk...