Alacra Adds GIINs and Cross-References Them to Other Identifiers in its Alacra Authority File Plus
Alacra has added Global Intermediary Identifier Numbers (GIINs) to its Alacra Authority File Plus (AAF+) with a view to helping firms match the identifiers to other public and vendor proprietary identifiers. GIINs are assigned by the Internal Revenue Service (IRS) to foreign financial institutions that must comply with tax reporting requirements under the US Foreign...
Rimes Buy-Side Survey Shows Room for Improvement in Data Quality and Governance
Data quality and data governance are the top data management priorities cited by buy-side firms in Rimes’ 2015 Buy-Side Survey. The survey respondents, particularly asset managers, also note that a lack of support for data governance and the limitations of existing operating models are hindering business agility and holding back strategy changes. Now in it...
Sun Street Offers Real-Time Data Quality Management in Version 5 of Curium
Sun Street has introduced real-time data quality management and a rules-based data quality scoring system in Version 5 of its Curium Data Quality Management (DQM) software. The developments are a response to business needs including risk reduction, improved data governance, regulatory compliance and, perhaps most importantly, the ability to keep decision makers and consuming systems...
Thomson Reuters Adds Price Challenge Tool to DataScope Select
Thomson Reuters has added a price challenge tool for fixed income professionals to its DataScope Select data delivery platform. The tool, AskTRPS, is designed to make the price challenge process faster, smoother, more transparent and easier to report for auditory and regulatory purposes. AskTRPS enhances the Thomson Reuters Pricing Service (TRPS) by allowing DataScope Select...
Capgemini Acquisition of IGATE Adds Financial Services Customers, Revenue and Technologies
Capgemini is set to fulfil its long-term aim of building presence in North American markets through a $4 billion acquisition agreement with New Jersey based technology and services company IGATE. The deal is expected to close in the second half of this year and will make North America Capgemini’s largest region, representing 30% of estimated...
New York Data Management Summit: The Challenges and Opportunities of Data Governance
The importance of data governance in financial services firms has never been greater as regulators scrutinise not only data but also its quality and business executives begin to understand data as a valuable asset. Reflecting the growing importance of data governance, A-Team Group addressed the problems it poses and the opportunities it presents at its...
Breaking News: Interactive Data Corporation Set for Sale
According to a news story on Thomson Reuters’ news service Interactive Data Corporation (IDC) is up for sale five years after it was purchased by private equity firms Silver Lake and Warburg Pincus. The firms are expected to sell IDC in a deal that could value the financial information business at $5.5 billion including debt,...
RFA Introduces Data Governance as a Service
RFA (Richard Fleischman & Associates) has teamed up with Varonis to provide a data governance solution-as-a-service for the alternative asset sector. The service is subscription based, with monthly costs depending on the number of users, and is available across the US and UK. The data governance service is a response to customer requests and has...
Bloomberg FIGI Finds Favour at U.S. Bank
Bloomberg’s open source Financial Instrument Global Identifier (FIGI) has won favour at U.S. Bank, where it will be used as a primary identifier to report on syndicated loans within collateralised loan obligations (CLOs). The company says other banks – so far unnamed – have adopted the identifier, but highlights the U.S. Bank as the first...
Swift Eases Payments Data Consumption With SwiftRef APIs
Swift has added 12 application programming interfaces (APIs) to its SwiftRef reference data utility with a view to helping financial institutions and corporates automate payment processes by identifying and validating payments reference data in real time using information in SwiftRef. The APIs have been piloted for 18 months and are now market ready. They cover...