Markit Moves into the Front Office through Acquisition of thinkFolio
Markit’s acquisition of London-based portfolio management software specialist thinkFolio marks the company’s first move into front-office solutions, although it is not expected to be its last. The deal closed yesterday and while Markit declines to detail the cost of the acquisition, it has confirmed that thinkFolio’s 20 employees will transfer to the company, along with...
BNY Mellon Selects Markit for First Phase of Enterprise Data Management
BNY Mellon Asset Management has turned to Markit for an enterprise data management solution that will initially be used to amalgamate, cleanse and validate index data, but could be extended to manage other types of data. The Markit Enterprise Data Management (EDM) platform was chosen after a competitive selection process and a detailed proof of...
Swift Builds Out Financial Crime Compliance Business with KYC Data Utility
Swift is pushing into compliance services for financial crime regulation with a dedicated business unit that is offering a Know Your Customer (KYC) data utility and planning additional solutions including business intelligence tools for regulatory compliance. A pilot of the Swift KYC Registry went live this week with a group of Swift member banks. The...
Opinion: Dangerous Data
By Philippe Verriest, Director, Euroclear Data is a vital component of our capital markets. Ensure this data is accurate, and you have a solid basis from which to make considered business decisions. Get it wrong and you risk contaminating many parts of the transaction chain. If there is one lesson that the global financial crisis...
Sapient Global Services Brings Close of Business Reporting Service to Market
Sapient Global Markets has responded to the need for commodity solutions for non-core operations with a managed end-of-day reporting service called Close of Business Service, or CoBS. The service is designed to help firms reduce reporting complexity and cost, and improve risk control and profit predictability. The service has been in use by a handful...
Xenomorph Builds Out TimeScape with Aqumin Visual Data Landscapes
Xenomorph continues to build out its TimeScape risk analysis and data management platform with the integration of Aqumin’s AlphaVision visual data landscape environment. The company has offered TimeScape with integrated data charts and 3D graphs for about 18 months, but in search of a more sophisticated visual data solution for large, real-time datasets, looked across...
Talking Reference Data with Andrew Delaney: To Utility and Beyond!
Another penny has dropped in the onward march toward outsourced enterprise data management. UBS’s decision last month to outsource its securities reference data to iGate, which is using Markit’s Enterprise Data Management (EDM) solution – the former Cadis Software – to manage the data, fulfils a strategic intent to industrialise processes where possible. Perhaps more...
BBVA Selects Markit EDM as a Central Hub for its Enterprise Data
BBVA Asset Management has selected Markit’s Enterprise Data Management (EDM) platform to centralise and streamline its data. Markit secured the contract after a competitive selection process including workshops and a final proof of concept. The platform will replace a mix of point-to-point and in-house developed data management solutions and will act as a central hub...
Debate Argues the Case for an Investment Book of Records
Vendors have begun to develop Investment Book of Record (IBOR) solutions and in-house teams are beginning to build them, but issues around what an IBOR should look like, how it should work and whether it will deliver benefits remain open to question. Ian Hunt, a consultant and subject matter expert working with M&G Investment Management...
Fitch Solutions Extends its Use of LEIs and Monitors Global Adoption
Fitch Solutions has extended its adoption of pre-Legal Entity Identifiers (LEIs) by adding the codes to unrated entities. The company has been adding pre-LEI codes to Fitch rated issuers and debt issues since early this year and is making all its LEI data available on the Fitch Ratings website and in its data feed products,...