Nice Actimize Integrates with Alacra to Deliver Automated Customer Due Diligence Suite
Nice Actimize has pulled together its customer due diligence anti-money laundering software and Alacra’s Compliance Enterprise customer onboarding data platform to deliver the Actimize Customer Due Diligence (CDD) Suite, an enterprise solution that automates onboarding and ongoing customer risk profiles. The Actimize CDD Suite allows banks to manage CDD operations centrally and support multiple Know...
SS&C Technologies Gets Clearance to Acquire Advent Software
SS&C Technologies has been given the go-ahead for its acquisition of Advent Software by the US Department of Justice. The companies reached a definitive agreement on the $2.7 billion acquisition back in February and now expect the transaction to close in the third quarter of this year. The acquisition of Advent is one of 40...
DTCC Recommends Data Harmonisation Across Trade Repositories
DTCC has recommended that global trade repositories in the OTC derivatives market should harmonise 30 data fields that are critical to financial stability and systemic risk analysis. The company, which operates Global Trade Repository, the industry’s largest derivatives trade reporting service spanning nine jurisdictions, made its recommendations this week to the harmonisation working group overseen...
AxiomSL Offers AnaCredit Reporting and Prepares for CRS and MiFID II
AxiomSL is ready to support the reporting requirements of the European Central Bank’s (ECB) Analytical Credit Dataset (AnaCredit) regulation, which is expected to affect a large number of financial institutions in the European Union and is due to be implemented in stages from the end of 2017. AnaCredit aims to create a central register of...
Time to put Legal Contract Data Front & Centre
By Akber Datoo, Founder and Partner, D2 Legal Technology LLP Every financial institution knows the essential importance of legal contract information – it underpins everything from regulatory compliance and the management/optimisation of capital, liquidity and collateral. So why are just 16% of organisations completely satisfied with the current level of contract data accuracy? The implications...
Asset Control Adds Risk Data Management Component to AC Plus Platform
Asset Control has added a risk data management component designed to help risk managers improve risk data governance to its AC Plus data management platform. Called AC Risk Data Manager, the component uses the underlying data management platform to integrate risk data from across an organisation and allows risk managers to view and manage risk...
SIX Financial Information Adds AIFMD Data Service to Regulatory Solutions
SIX Financial Information has added a data service that supports compliance with the Alternative Investment Fund Management Directive (AIFMD) to its regulatory solutions and is preparing further services for forthcoming regulations. The company’s AIFMD service includes the data needed by alternative investment fund managers to register themselves and their managed funds as required by the...
A-Team Webinar Discusses Adoption of the Utility Model for Reference Data Management
The concept of a utility model for reference data management is beginning to turn into a reality, but views diverge on exactly how a utility should be built and the business benefits it can deliver. A recent A-Team Group webinar discussed adoption of the utility model, considering not only early solutions in the market, but...
NeoXam Moves into EDM Market with Acquisition of SmartCo
NeoXam is moving into the enterprise data management market dominated by the likes of Markit, Asset Control and AIM Software following its acquisition of SmartCo and its flagship products DataHub, a reference data management platform, and IBOR, an investment book of records providing a single source of up-to-date positions. NeoXam plans to use the SmartCo...
Kx Systems Seals OEM Deal with CoreOne Technologies
By Zoe Schiff First Derivatives’ Kx Systems has forged an OEM licensing agreement with CoreOne Technologies, a data management platform. Under the arrangement, CoreOne will deploy Kx System’s kdb+ tick and time-series database to help clients process growing data volumes and perform intricate analytics. Kx Systems’ existing clients include Goldman Sachs, Fidelity Investments, Morgan Stanley,...