NewRiver Partners with Miningham & Oellerich
In an ongoing effort to extend the company’s compliance grade mutual fund data to all broker-dealers, NewRiver today announced a new partnership with Miningham & Oellerich (M&O), a provider of front and back office solutions for broker dealers. NewRiver – creators of the leading central repository of mutual fund documents and data for financial services...
UK FSA Pokes Holes in Investment Firms’ Protection of Client Assets
This week, the UK Financial Services Authority published another “Dear CEO” letter, this time aimed at compelling insurance brokers and investment firms to improve the way they protect client assets, including record keeping considerations. The letter, sent by the FSA’s managing director of risk, Sally Dewar, warns that firms must take heed of the regulator’s...
Data Management Capability Drives London & Capital’s Decision to Select Kurtosys for Client Reporting
Kurtosys Systems today announced that London & Capital has selected the Kurtosys Client Reporting solution for both client portfolio valuation reports and fund factsheets. Following a market and competitor review of client reporting standards and vendor solutions, London & Capital found that there was scope for improvement in their existing reporting systems to meet client...
EMC to Acquire Archer Technologies, Provider of IT Governance Risk and Compliance Software
EMC Corporation today announced that it has signed a definitive agreement to acquire Kansas-based Archer Technologies, a privately held provider of governance, risk and compliance (GRC) software. The acquisition will build upon EMC’s expertise and leadership in helping customers better visualise and manage risk throughout their IT infrastructure. EMC’s acquisition of Archer is expected to...
OECD Talks up Data Quality Issues Within Regulatory Databases
At the end of 2009, the Organisation for Economic Cooperation and Development (OECD) added to the long list of regulatory papers highlighting the importance of data quality in the oversight function with a paper on regulatory systems. The regulatory policy committee report, Indicators of Regulatory Management Systems, highlights the need for greater consistency in terms...
Principia Supports Standardisation of Bond Issuance Data for Structured Finance
Principia Partners, a solution provider for the management and administration of structured finance portfolios, has enhanced its platform to help investors standardise the ongoing integration of structured finance bond trustee data. As a result, investment managers can better define, analyse and report on bond level information for RMBS and other structured credit asset classes, supporting...
Top Broker-Dealers Choose DPC Data’s MuniPoints To Streamline Compliance While Improving Client Service
DPC Data, a provider of municipal bond disclosure data, research and data services, today announced that six top-tier and large regional broker-dealers and wealth management firms have adopted MuniPoints for rapid bond research and disclosure to investors. In an average week, tens of thousands of MuniPoints summaries are being accessed by dealers and risk managers...
Princeton Financial Systems Launches New Compliance Focused Data Management Module
In line with the current trend towards new vendor launches around targeted data management solutions related to compliance and regulatory reporting, Princeton Financial Systems (PFS) has added a new compliance data checking module to its MIG21 solution. The new module, MIG21 Data Manager, is aimed at reducing data related errors before the compliance checking process,...
Experian and S&P’s FIRMS Partner for Securitised Loan Market
In yet another addition to its portfolio this month, Standard & Poor’s Fixed Income Risk Management Services (FIRMS) business has partnered with credit data and analytics solution provider Experian Capital Markets to provide investors with more data on the individual loans backing US mortgage backed securities (MBS). The two vendors have established a strategic alliance...
European Commission Finally Releases S&P ISIN Fees Judgement, Considers Vendor to be Abusing its Dominant Position
Following 10 months of deliberation, the European Commission has finally released its preliminary findings on its inquiry into Standard & Poor’s pricing practices concerning International Securities Identification Numbers (ISINs). According to its recent memo, the Commission considers the vendor to be “abusing its dominant position” as the sole appointed National Numbering Agency (NNA) for US...