EDMworks Debates the Data Management Demands of Regulatory and Business Change
As numerous regulations come into force this year and financial firms pursue product innovation, client retention and cost reduction, the pressure is on to deliver data management programmes that can absorb change and meet both regulatory and business requirements. The EDMworks Data Practitioner Network gathered recently to discuss the challenges and opportunities presented by regulatory...
Talking Reference Data with Andrew Delaney: Getting Real About The Utility Model
There’s been a lot of air – some of it hot – expressed around the concept of a shared utility for reference data management. On my travels around the City, and on Wall Street, I get the sense of a polarisation of views, between the perhaps naively optimistic and the deeply cynical. What’s a utility...
Eze Software Prepares a Data Management Solution for AIFMD Reporting
Eze Software Group is bringing its experience of data management for Form PF, a Dodd Frank reporting requirement, to reporting under the Alternative Investment Fund Managers Directive (AIFMD). It is also encouraging funds within the scope of the directive to meet this week’s Financial Conduct Authority (FCA) deadline to file a Variant of Permission (VOP)...
Swift Replaces SwiftRef Event Data with SmartStream Global Holiday Calendar
Swift has added SmartStream Technologies’ Global Holiday Calendar to its SwiftRef reference data utility, replacing calendar data from Copp Clark and delivering global events data in real time. SwiftRef was introduced a couple of years ago and has since been developed with the addition of more data and more frequent updates. Patrik Neutjens, head of...
Talking Reference Data with Andrew Delaney: No Rest for the Wicked
I don’t know about you but the misconception that I could ease back into the swing of things post-holidays was rapidly blown away last week and continues to be blown away in a whirlwind of activity. At the risk of coming across as naively optimistic, members of our community across the board seem to be...
Markit Moves into the Front Office through Acquisition of thinkFolio
Markit’s acquisition of London-based portfolio management software specialist thinkFolio marks the company’s first move into front-office solutions, although it is not expected to be its last. The deal closed yesterday and while Markit declines to detail the cost of the acquisition, it has confirmed that thinkFolio’s 20 employees will transfer to the company, along with...
BNY Mellon Selects Markit for First Phase of Enterprise Data Management
BNY Mellon Asset Management has turned to Markit for an enterprise data management solution that will initially be used to amalgamate, cleanse and validate index data, but could be extended to manage other types of data. The Markit Enterprise Data Management (EDM) platform was chosen after a competitive selection process and a detailed proof of...
Swift Builds Out Financial Crime Compliance Business with KYC Data Utility
Swift is pushing into compliance services for financial crime regulation with a dedicated business unit that is offering a Know Your Customer (KYC) data utility and planning additional solutions including business intelligence tools for regulatory compliance. A pilot of the Swift KYC Registry went live this week with a group of Swift member banks. The...
Opinion: Dangerous Data
By Philippe Verriest, Director, Euroclear Data is a vital component of our capital markets. Ensure this data is accurate, and you have a solid basis from which to make considered business decisions. Get it wrong and you risk contaminating many parts of the transaction chain. If there is one lesson that the global financial crisis...
Sapient Global Services Brings Close of Business Reporting Service to Market
Sapient Global Markets has responded to the need for commodity solutions for non-core operations with a managed end-of-day reporting service called Close of Business Service, or CoBS. The service is designed to help firms reduce reporting complexity and cost, and improve risk control and profit predictability. The service has been in use by a handful...