OnePath Goes Live with Kurtosys for Fund Reporting in 7 Weeks
Kurtosys Systems Limited, a global provider of client communications solutions, products and services today announces that OnePath, one of Australia’s leading providers of wealth, superannuation, investment, insurance and advice solutions and part of Australia and New Zealand Banking Group Limited (ANZ), has gone live on FundSource in just seven weeks for the production of their...
ALaS Consulting LLC Acquires Xcitek Consulting Services
ALaS Consulting LLC (ALaS) and Xcitek Consulting Services (XCS) agreed to unify their offering through ALaS’ acquisition of XCS, announced Erik DiGiacomo, President of ALaS Consulting. The two firms bring complementary skills and talent to their global financial services clients. The acquisition fits ALaS strategy of “owning” the areas in which it practices and expands...
Macquarie Extends Usage of GoldenSource Securities and Products
In 2009, Macquarie Securities Group has selected GoldenSource, an enterprise data management provider for the securities and investment management industry, to streamline the end-to-end data quality process, for its equity and equity derivatives business. Macquarie is now rolling out the technology across its other enterprise business lines.
Senior Supervisors Group Report Highlights Need for Better Management of Risk Data
The aggregation of risk data remains a challenge within most financial institutions, according to a report released last month by the Senior Supervisors Group (SSG), which is comprised of 13 regulatory bodies from 10 countries. The report, Observations on Developments in Risk Appetite Frameworks and IT Infrastructure, indicates that although many firms have kicked off...
Opinion: Closing the Control Loop
By David Sherriff, chief operating officer of Microgen Despite some dramatic events in 2010, the global banking system was able to hold steady. Since the economic crisis took hold, the majority of banks have invested heavily in back office systems in order to tighten their financial control, yet the spotlight remains firmly on the City....
EDM Council to Launch New Operating Model, Cites ISO, Swift and GS1 as the Top Three Contenders for Entity Identification
The EDM Council has decided to restructure its operations under four main areas of business in order to better engage with the industry it is charged with representing: standards; best practices; engagement (with a focus on regulators and academia); and internal operations. A large proportion of the standards work will likely focus on the area...
Ingres Closes 2010 with Strong Financial Results and Unique Market Position
Ingres Corporation, innovators of VectorWise, a breakthrough analytic database, and provider of open source enterprise grade database, today announced that it is set to close out 2010 with substantial year on year growth, resulting in a strong balance sheet, positive cash flow and increasing profitability. This significant performance was driven by the continued new adoption...
EU Capital Requirements Directive Update Specifies Minimum Data Standards for Risk Modelling
The European Parliament has finally published amendments to the Capital Requirements Directive in the Official Journal of the European Union, including an update to the internal risk modelling requirements that specifies that “minimum data standards” must be met. Highlighting the global regulatory focus on improving data quality, the update indicates that supporting data for internal...
ECB Introduces ABS Loan-by-loan Information Requirements in the Eurosystem Collateral Framework
The Governing Council of the European Central Bank (ECB) has decided to establish loan-by-loan information requirements for asset-backed securities (ABSs) in the Eurosystem collateral framework. The Governing Council intends to introduce the loan-by-loan information requirements approximately within the next 18 months, first for retail mortgage-backed securities (RMBSs) and thereafter gradually for other ABSs. Loan-level data...
Eagle’s Lehner Talks up SaaS, Integration, Global Expansion and Regulation for 2011
Following its decision to move Asian and EMEA managing director John Legrand from his London base out to Singapore earlier this year, Eagle Investment Systems has been actively bolstering its on the ground presence in the two regions and this hiring drive will continue into 2011, according to CEO and president John Lehner. The EDM...