Six Bidders Shortlisted to Build the US Consolidated Audit Trail
The Consolidated Audit Trail (CAT) first proposed by the US Securities and Exchange Commission (SEC) back in 2010 has come a step closer to reality with the selection of six bids from a list of 10 RFP responses that were submitted to build and maintain the audit trail. The six bids still in the running...
GoldenSource Packages EDM Components to Deliver Centralised Entity Master
GoldenSource has pulled together components of its enterprise data management (EDM) product set to deliver a single, centralised entity master. The entity data solution is part of GoldenSource EDM Version 8.5 and combines technologies already on the EDM platform with a new presentation layer, additional feed handlers and rules and workflows for entity data management....
Bloomberg Extends Vault with File Analytics for Dark Data
Bloomberg has added File Analytics to its Vault enterprise information management service with a view to helping organisations locate and manage dark data held in files and documents. The company defines dark data as ‘unstructured, untapped data that is held by organisations, which has not been analysed or processed’, and says users of the Vault...
Markit IPO Marks a Milestone in Company History
Markit made its initial public offering (IPO) this week, pricing its shares at $24 and increasing the number offered by 17% to meet demand. The shares are listed on the Nasdaq Global Select Market and at the offer price value the London-based financial information services and data management company at over $4 billion. The IPO...
S&P Capital IQ Details Participation in Markit’s Open Messaging Network
S&P Capital IQ has joined the open messaging network set up by Markit as part of its collaboration services in October 2013. Users of the company’s desktop platform will be able to use the network for instant messaging beyond the S&P Capital IQ community, while S&P Capital IQ plans to build access to the network...
Raiffeisen Bank Implements Asset Control Data Management Platform
Raiffeisen Bank International (RBI) is in the process of implementing Asset Control’s AC Plus data management platform with a view to centralising data management for end-of-day valuations and market risk calculations across its operations in Europe and Asia. The bank selected Asset Control after an evaluation of competitive solutions and a successful proof of concept....
Data Management Summit: Defining the Role of the Chief Data Officer
As financial institutions battle escalating data management requirements and growing regulatory pressures, the appointment of a chief data officer (CDO) looks increasingly attractive to handle the workload, ensure strong data governance and play into the business strategy. At A-Team Group’s Data Management Summit in New York last week, A-Team Group editor Sarah Underwood was joined...
Talking Reference Data with Andrew Delaney: Time to Mark to Markit?
We may have been waiting, watching for some time, and that time has now come: Markit has registered with the US Securities and Exchange Commission for an initial public offering. No date, no share price. But still a momentous occasion for our marketplace, and a significant milestone for a company that opened its doors in...
Xenomorph Refines TimeScape Functionality with Data Validation Dashboard
Xenomorph continues to refine its TimeScape data management and analytics platform with a data validation dashboard designed to give users the benefits of better workflow control and exceptions handling, higher quality data and a data management solution based on familiar Microsoft technologies. The company has developed the TimeScape Data Validation Dashboard with two banking clients...
Opinion: From Lehman to Amazon – Rethinking Financial Data Management
By Richard Petti, CEO, Asset Control The tide of regulation is rising inexorably, swamping the financial services sector with ever more prescriptive disclosure requirements; from Dodd-Frank to Basel III and Solvency II, the regulatory response to the enduring financial crisis continues to evolve but the direction of change is constant. It’s widely acknowledged that the...