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

Wilshire Indexes Selects Alveo Data-as-a-Service for Corporate Actions Data Management

Subscribe to our newsletter

Wilshire Indexes, provider of a global benchmark platform that helps institutional investors, asset managers and retail intermediaries solve benchmarking, portfolio construction, and risk management challenges, has selected Alveo’s Data-as-a-Service (DaaS) solution for corporate actions data management.

The Alveo solution sources, cross-references, compares and validates corporate actions from multiple data vendors. In case of discrepancies, the Alveo DaaS offering provides root cause analysis and issue resolution. The result is a master feed for corporate actions that Wilshire uses as an input for its index solutions. The scope of the service encompasses about 30 different corporate action types that impact security prices including splits, reverse splits, delistings and capital distributions including dividends.

“Having access to multiple sources of corporate actions data and a data quality management service is critical to developing our solutions to meet the new needs of global investors,” says Paul Grimes, chief operating officer at Wilshire Indexes. “We are pleased to work with Alveo to enhance our corporate actions data and strengthen our efforts to transform the way investors use benchmarks to realise their objectives.”

Mark Hepsworth, CEO at Alveo, adds: “Wilshire Indexes is a highly innovative, data-driven firm that, like all our customers, wants to make the most of its market and reference data. It uses a wide range of global corporate actions, so we have worked closely with its operations team during implementation to improve automation and processes. Timely awareness and accurate corporation actions are essential to index providers.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to maximise the use of data standards and identifiers beyond compliance and in the interests of the business

Data standards and identifiers have become common currency in regulatory compliance, bringing with them improved transparency, efficiency and data quality in reporting. They also contribute to automation. But their value does not end here, with data standards and identifiers being used increasingly for the benefit of the business. This webinar will survey the landscape of...

BLOG

Informatica Adds AI Powered Data Access and Governance to IDMC Data Management Platform

Informatica has released Cloud Data Access Management (CDAM), a solution based on the company’s 2023 acquisition of Privitar, a provider of data access management products. The AI-powered solution is integrated with Informatica’s Intelligent Data Management Cloud (IDMC) and uses the platform’s common metadata foundation to support data access governance. At the heart of CDAM is...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...