BT Works With Truphone to Meet Dodd-Frank Demand for Mobile Communication Recording
BT is working with global mobile operator Truphone to help US firms and those trading with US firms meet Dodd-Frank regulation that requires conversations and data interactions made using mobile devices and leading to trades in the swaps market to be recorded. BT has been operating a mobile communication recording service in the UK with...
Cloudsoft Lifts OpenGamma Analytics and Risk Management into the Cloud
Cloudsoft, a provider of multi-cloud applications management software, has moved OpenGamma into the cloud to offer an analytics and risk management service that is flexible and dynamic, and can be shared across a financial institution. The company’s initial work with OpenGamma – both Cloudsoft and OpenGamma are open source specialists – was a response to...
Thomson Reuters Debates the Data Management Challenges of FATCA
The US Foreign Account Tax Compliance Act (FATCA) will take its toll on data management functions with most financial firms expecting know your customer (KYC) and client onboarding processes to be hit hardest by the legislation. During a webinar hosted by Thomson Reuters, participants also pointed out that FATCA is the tip of the iceberg,...
Talking Reference Data with Andrew Delaney: A Tonic for the FATCA-Brand GIIN
If Solvency II is considered the most onerous of the regulatory regimes about to hit our financial data community, then FATCA surely is not far behind it – and it is now officially the most imminent. Indeed, following a slight delay (from July 15), the US tax authorities this week unveiled the FATCA registration portal,...
Fidessa Embeds FIX in Post-Trade Workflow Easing Cost and Operational Risk
Fidessa has teamed up with FIX Protocol Limited (FPL) to offer a post-trade confirmation hub that allows buy- and sell-side firms to confirm trades via FIX. The company says the extension of order workflow directly into the middle office reduces operational risk through greater certainty in trading, less chance of errors and faster confirmation of...
Wolters Kluwer Expands Portfolio of Regulatory Reporting Solutions
Wolters Kluwer Financial Services is expanding its portfolio of national regulatory reporting solutions through an agreement to acquire Svenson, a software suite dedicated to the Austrian market, from SmartStream. Terms of the deal have not been disclosed, but the acquisition is expected to close this summer and will include the transfer of Svenson’s 15 employees...
OpenGamma Tackles Market Structure Change and Regulation with Platform 2.0 Risk Management
OpenGamma has responded to changes in OTC derivatives market structure and rising regulatory demand for advanced risk management with a second version of its open source analytics and risk management platform, OpenGamma Platform 2.0. The platform is available today and builds on the first version of the software that was released in April 2012. It...
Swedbank Robur Extends use of SimCorp Dimension to Cover Solvency II
Swedbank Robur has extended its use of SimCorp Dimension to include the software provider’s Solvency II solution. The asset manager was already using Dimension as its core investment management platform and its choice of the software for Solvency II was a natural move as the platform already includes most of the functionality required to meet...
Thomson Reuters Develops Accelus Governance, Risk and Compliance Platform
Thomson Reuters is building out its Accelus governance, risk and compliance (GRC) platform with an updated user interface for Accelus Risk Manager, additional workflow tools and further functionality including the company’s BoardLink portal, enhanced disclosure capabilities and e-learning. Thomson Reuters’ GRC business was established about three years ago, with the Accelus brand following about six...
OFI Mandats Switches from Deployed to SaaS Version of Linedata Chorus
OFI Mandats, the investment management services provider for insurance funds within OFI Group, has switched from the in-house deployed version of Linedata’s Chorus investment accounting software to the recently released software-as-a-service (SaaS) version. Its aim is to modernise and improve the security of the solutions it offers to its clients and, through the inclusion of...