Data Management Insight Blogs The latest content from across the platform
GLEIF Calls Global Industries to Join Development of Cryptographically Verifiable LEI
The Global Legal Entity Identifier Foundation (GLEIF) has set out grand plans to create a digitised LEI service based on a digitally verifiable credential containing the LEI – the vLEI – and able to provide automated identity verification between counterparties. The ambition is for all industry sectors globally, including financial services, to embed new and…
To Buy or Build: Four Considerations for CIOs
By: Niall Twomey, CTO, Fenergo. Before embarking on a CLM (Client Lifecycle Management) digital transformation program, most financial institutions (FI) are faced with the ‘buy versus build’ conundrum; to buy something from a third-party vendor or completely build something internally. There are several factors that need to be considered in this decision making process including…
Data Science Skills Expected to Fall Short as Data Consumption Surges in 2021
Data and data management are back at the top of the agenda as financial institutions forecast rising consumption of data and escalating interest in extracting meaningful insights from the data through 2021 – but there is a problem, discrepancy between the desire to extract insight from data and investment in data scientists to do the…
How to use the LEI to Solve your Onboarding Problems and Cut Costs
Client onboarding and lifecycle management are an ongoing problem at many financial institutions, with inefficiencies often caused by layers of technologies and processes added to capture required data and avoid fines when new rules and regulations are introduced. A solution to the problem, which could save the global banking industry billions of dollars a year…
RIMES Strengthens Executive Team to Drive Growth
Buy-side data management specialist, RIMES Technologies, has strengthened its executive team with three new hires as it gears up for growth following investment from EQT early this year. The hires include Alex Myers as chief product officer, Scott Miller as chief revenue officer, and Matthew Bagley as chief financial officer. The company says the additions…
DSB Calls on Market Participants to Join Consultation Covering UPI Fee Model
The Derivatives Service Bureau (DSB) is pushing on with development of the Unique Product Identifier (UPI) ahead of implementation in 2022 with consultations designed to understand market participants’ views on how the principles underlying the fee model for the identifier should be established. All firms reporting to trade repositories will need to include the UPI…
Asset Control Rebrands to Alveo Following Two Years of Product Innovation Focused on Cloud and Open Source
Asset Control has rebranded to Alveo, subline ‘where data flows’, to reflect progress the company has made since moving to new ownership under Sovereign Capital Partners two years ago. The focus has been on product innovation, making core software cloud native, deploying managed services, and using cloud technologies to accelerate implementation, and open source tools…
A-Team Group Names Winners of Data Management Insight Awards 2020
A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best…
DANIE Consortium Uses Game Changing Privacy Enhancing Technology to Improve Client Reference Data Quality
The DANIE consortium set up to help financial institutions improve the quality of their client reference data by benchmarking data with peers without revealing data sources and with encryption, is calling for banks to confirm places in its 2021 community by 18th December 2020. You can find out more and sign up by contacting community@danie.tech….
Refinitiv Adds Country SDG Scores to ESG Data Arsenal
Refinitiv’s launch of measures assessing the sustainable development performance of individual countries is the latest of a series of services targeted at the burgeoning ESG investing space. The addition allows Refinitiv to offer asset managers and servicers scores that indicate the degree to which funds, corporations and now countries meet the UNs Sustainable Development Goals…