About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Omgeo Launches New Omgeo ALERT Capabilities to Drive Settlement Instruction Data Quality

Subscribe to our newsletter

Omgeo, the global standard for post-trade efficiency, today announced the availability of new Omgeo ALERT functionality, SI Compliance Scan. Omgeo ALERT is the world’s largest and most compliant web-based global database for the maintenance and communication of settlement and account instructions (SI). With this new functionality, users can measure the quality of SI data by identifying, reviewing and correcting invalid instructions, allowing users to reach 100% compliance more efficiently.

As regulatory uncertainty lingers, financial services firms continue to seek ways to remain compliant and reduce operational costs. With SI Compliance Scan, for the first time, Omgeo ALERT can programmatically enable users to measure their SI data quality and obtain one comprehensive view of their compliance with Securities Market Practice Group (SMPG) local market standards and community best practices worldwide. By having the ability to fix the errors in bulk, investment managers eliminate time-consuming manual processes and reduce operational costs as they work toward high data quality across all of their accounts.

Mark Bouchea, director of product management at Omgeo, said, “With market rules constantly in flux, investment managers need an automated method of verifying compliance with these standards coupled with the ability to correct any issues and distribute updates to their counterparties. Omgeo ALERT delivers on these requirements.  Moving forward, we’ll continue to work with our community to ensure that ALERT meets evolving industry needs.”

Altaf Hossine, vice president at The Boston Company Asset Management LLC, commented, “Maintaining up-to-date settlement instruction data is a time-consuming task. With the new ALERT SI Compliance Scan capabilities, we gain one comprehensive view of our compliance, allowing us to easily correct inaccuracies and reach our goal of being 100% compliant.”

Teresa Seidenberg, Supervisor for Trade Settlement at Nuveen Investments, added, “As SI information is constantly updated and market rules continue to evolve, it is important that our industry has the tools it needs to efficiently identify and correct any inaccuracies that may emerge.”

SI Compliance Scan is the final component of the Omgeo ALERT “Markets & Validations” releases – a multi-year plan of enhancements aimed at providing clients with enhanced features and clear rule guidance in order to improve data quality. These releases were a result of ongoing solicited feedback from Omgeo’s global community of key investment manager and broker/dealer firms.

In the first week of launching SI Compliance Scan, more than 2,500 updates were communicated to clients. In addition, 140 users achieved 100% compliance, with nearly 60% of all ALERT users reaching over 80% compliance.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Clearwater Looking to Bridge Front-to-Back Office Tech Gaps with Acquisitions

It’s difficult for data and technology companies to fully service financial institutions’ front-to-back operations when behemoth providers are offering closely integrated capabilities at scale already. Clearwater Analytics, however, has a strategy that it believes will work not by necessarily competing with the big aggregators, but by working with them and filling gaps that they don’t...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...