Ness Technologies Releases Details of New Version of Data Management Platform
Ness Technologies released the plans for the launch of a new version of its enterprise reference data management platform, Ness Financial Data Enterprise, at this year’s FIMA Asia conference in Singapore in September. The new version of the platform features interfaces to Telekurs Financial’s Valordata Feed (VDF), IBM Tivoli scheduler and a common enterprise application...
Hermes Fund Managers Picks Cadis EDM, Cadis Targets Hedge Fund Community
Hermes Fund Managers has implemented the Cadis EDM Suite as its central data management platform across all of its operations. The fund manager selected the platform as part of the revamp of its operating model and chose Cadis in particular due to its fast implementation time, according to Philip Keeler, head of operations & IT...
RZB Selects Thomson Reuters Enterprise Platform for Data Management
Austrian bank Raiffeisen Zentralbank (RZB) has selected Thomson Reuters’ Enterprise Platform for data management across the RZB Group. The bank is currently engaged in establishing a new market risk infrastructure, which it hopes will provide it with the ability to hedge its portfolios more effectively, enabling substantial savings in hedging costs. The bank engaged in...
KBC Group Selects Ness Technologies for Consolidated Data Management
Brussels headquartered KBC Group has selected Ness Technologies’ Financial Data Enterprise solution to provide an end to end consolidated data management platform. According to the vendor, the deal is a multi-year agreement and involves a combination of Ness’ proprietary software and services. Sudhakar Kondisetty, chief business officer of Ness’ Financial Services, Ness Technologies, says: “Generally,...
Siperian and Evaxyx Partner for Faster Implementation Framework
Master data management (MDM) platform developer Siperian and data integration consulting firm Evaxyx have signed a strategic partnership in order to speed up the implementation process of Siperian’s MDM Hub. To this end, Evaxyx has developed the Evaxyx Siperian Services Framework (ESSF), which is based on a set of industry best practices. According to both...
Xenomorph Launches Updated Version of TimeScape with Enhanced Data Cleansing
Xenomorph has launched an update of its TimeScape data and analytics management system with enhanced data cleansing and validation encompassing ‘4 eyes’ or two user approval. The system has been updated in accordance with client feedback, according to the vendor. Chris Budgen, chief technology architect at Xenomorph, explains: “Cleansing, validation and audit is a vital...
Aite Group Touts Distributed Data Management as Next Big Thing
Although enterprise data management (EDM) has gained popularity in the market, financial institutions are now considering the benefits of distributed data models, according to a recent report by analyst firm Aite Group. The report, entitled “EDM to DDM: Moore’s Law Rewards Centralised Data Procrastinators”, introduces the concept of distributed data management (DDM), and analyses the...
Thomson Reuters Links Portia to DataScope Select as Part of Integration Drive
Following the statement by CEO Tom Glocer at the start of the year that the newly merged firm would benefit from “synergies” between the two businesses, the media group and financial data provider has announced that it is linking two of its key products in the back office space. Thomson Reuters has linked its investment...
Merger Costs Cut Thomson Reuters Profits by 54%
The US$15.9 billion merger of Thomson Financial and Reuters earlier in the year has had a significant impact on the merged entity’s profits as well as on its staffing levels. Substantial integration costs have caused the media group and financial data provider’s second quarter profits to fall by 54%. At the time of the merger,...
Target Group Signs LV= for Data Management of its Loan Operations
Insurance and investment group LV= has signed a deal with Target Group under which the Cardiff-based software and processes provider will take control of the data management of LV=’s existing loan operation for a period of three years. Target will manage the infrastructure that LV= uses for processing, account management, arrears management, and securitisation. The...