OTP Bank Implements Numerix CrossAsset to Support Pricing and Risk Analytics
OTP Bank – Hungary’s largest independent retail bank, with subsidiaries in eight other European countries – has implemented the Numerix CrossAsset analytics platform to support its derivatives analytics. The bank selected the CrossAsset platform on the basis of its independent library of market-tested pricing models and comprehensive instrument coverage. CrossAsset replaces other types of libraries...
Wipro Pumps $30 Million Into Opera Solutions
Indian IT heavyweight Wipro has invested $30 million in New Jersey-based predictive analytics specialist Opera Solutions. It’s unclear what this values Opera at, but Wipro’s investment is a minority stake. Opera’s offerings include its cloud-based Signal Hub range. Signals are predictive patterns and anomalies in big data sets. Signal Hubs are domain-specific collections of Signals...
Bayer Implements SunGard Adaptiv Solutions to Support Risk Management
Germany’s Bayer AG has implemented a selection of SunGard’s Adaptiv solutions for risk management to ensure it meets the fair value accounting mandates of the International Financial Reporting Standards (IFRS 13) and is ready to comply with European Market Infrastructure Regulation that is expected to come into force later this year. The German enterprise that...
Wolters Kluwer Proposes Solutions for the Challenges of Risk Data
Risk data needs to be identified, aggregated and centralised to deliver improved risk management. But the process entails significant challenges as risk data is growing exponentially, operational risk data related to people, processes and systems must be managed, and financial risk data remains inconsistent across institutions. That’s the message from Ioannis Akkizidis, global product manager...
Talking Reference Data with Andrew Delaney: A Close Shave
Anyone who was lucky enough to squeeze into the opening keynote presentation at our Data Management Summit in March (standing room only) would have heard me winging it a little as I awaited our speaker – Wipro’s Paolo Mittiga – who’d been delayed by various transportational snafus. When I took the stage to offer our...
MacKay Shields Implements Markit EDM to Support Data Management
MacKay Shields, a US-based investment firm owned by New York Life Investment Management and with over $70 billion in assets under management, has selected Markit EDM’s data management solution to manage the collection and distribution of data across its investment management systems. Markit won the deal in a competitive selection process and is working with...
S&P Capital IQ Supports Credit Risk Assessment with Additional Platform Tools
S&P Capital IQ will go live with a suite of credit risk assessment tools on its online research, data and news platform on Monday, April 29. The credit risk tools are designed to help assess rated and unrated public and private companies and support activities including peer analytics, portfolio reviews and counterparty credit assessments. They...
Quantifi Stresses Data Management Requirement for Basel III Credit Risk
Quantifi has built out its counterparty credit risk platform to meet the capital requirements of Basel III. But the company warns that data aggregation and management coupled to a centralised approach to the regulation are essential to full compliance and managing the cost of capital. Basel III regulation was finalised in June 2011 and will...
Financial Stability Board Suggests Centralised Trade Data Aggregation System for OTC Derivatives Market
The Financial Stability Board (FSB) is addressing issues of data aggregation for regulatory purposes in the OTC derivatives market with the suggestion of ‘a centralised or other mechanism to produce and share global aggregated data as a complement to the direct access by the different authorities to data held by trade repositories’. The FSB notes...
Fenergo Tackles the Compliance Issues of Client Onboarding
Fenergo, a provider of customer lifecycle management software, lambasts the state of financial institutions’ client onboarding in a recently published white paper, but also proposes solutions to the inherent onboarding problems of data management and evolving regulation. The white paper – entitled ‘Client Onboarding: Solving the Challenges, Maximising the Opportunities’, researched with New York-based banking...