State Street Report Highlights the Evolving Nature of Data Management and IT Within Financial Institutions
Global custodian State Street has released the first in a series of white papers examining the impact of technology on financial services, which (among other things) highlights the evolution of the IT and data management functions. Referring to the “true value of data”, the paper highlights the importance that data management and IT has taken...
Helm Bank Selects Oracle
Helm Bank, a Colombian private financial institution, has selected Oracle software and hardware to run its core banking, customer facing services and marketing functions. Helm Bank’s platform includes Oracle FLEXCUBE Universal Banking running on Oracle Exadata Database Machine which delivers extreme performance. Oracle Exadata is the only database machine that provides extreme performance for both...
Sacombank has Successfully Deployed Oracle Exadata Database Machine in Vietnam
Sacombank, one of Vietnam’s commercial banks, announced its successful deployment of Oracle Exadata Database Machine, allowing the bank to benefit from the solution’s predictive analytics to make strategic business decisions in real time. This is the first Oracle Exadata Database Machine to be deployed in Vietnam. The solution provides data warehousing, integrated with Oracle Business...
New Sybase Streaming Capability Conquers Challenges Facing Trade and Risk Analytics in Capital Markets
Sybase, Inc., an SAP company and industry leader in enterprise and mobile software, today announced the scheduled release of new and ground-breaking functionality connecting Sybase Replication Server to Sybase Aleri Streaming Platform. This new functionality will provide the capability for data events from heterogeneous databases to be propagated in real-time, via CEP, addressing key challenges...
Euroclear UK & Ireland Slashes Fund Transaction Reconciliation Fees
Euroclear UK & Ireland’s charges to fund promoters for processing reconciliation messages emanating from the fund distributor community have been lowered substantially, with immediate effect. Fund promoters that receive fund distributor data requests concerning fund unit balances for reconciliation purposes (known as reconciliation messages) will be charged GBP 1.00 for the first 250 messages per...
Ex-GoldenSource Exec Raeves Joins TowerGroup as Post-trade Focused Research Director
Following his departure from EDM vendor GoldenSource at the end of last year, ex-senior vice president of strategic business development and marketing Gert Raeves has surfaced at analyst firm TowerGroup as a research director in the capital markets team. Raeves, who has been a frequent speaker on the data management circuit, will now be covering...
PaceMetrics’ Giblin Discusses Op Efficiency Focused Partnership with BPM Provider Nimbus
EDM solution vendor PaceMetrics has this month signed a non-exclusive partnership agreement with business process management (BPM) solution vendor Nimbus to tie the former’s PaceMaker solution to the latter’s Nimbus Control solution. Gerry Giblin, CEO of PaceMetrics, explains that the two vendors have been working together over the last six months to develop the partnership,...
PaceMetrics and Nimbus Partner to Offer Financial Institutions Improved Operational Control
PaceMetrics, a global provider of process driven enterprise data management solutions and business process management (BPM) provider Nimbus, today announced a partnership that offers financial institutions the combined benefit of their complementary products and expertise. Their alliance couples the process clarity delivered by Nimbus Control, with the real time delivery of transactional information by PaceMaker,...
EDM Council’s Atkin Discusses OFR Developments, Plans for DMM and Data Quality ISIN Proof of Concept
Mike Atkin, managing director of data management industry group the EDM Council, has long been a proponent of the idea of a global reference data utility and he noted in his recent update to members that the process of drawing up the requirements for a legal entity identification as part of the US Office of...
New JWG Study Shows Firms Slow to Respond to Risk Data Management Requirements
Research launched by JWG today finds that global financial services organisations are not actively reviewing their risk data quality processes following the fall-out of the financial crisis. The study, which includes responses from 20 risk, data, and finance professionals in 16 global firms, shows that, while risk data quality is a pertinent issue, little has...