Data Management Insight Blogs The latest content from across the platform
Western Asset Management Replaces In-house Built Apps with IHS Markit EDM
Western Asset Management Company, a $450 billion global fixed income asset manager based in Pasadena, California, has selected IHS Markit’s Enterprise Data Management (EDM) solution delivered as a managed service. Western Asset will use EDM to master core datasets including securities, prices, benchmarks and counterparties. Kevin Brennan, head of investment operations at Western Asset, says:…
AFME Proposes 14 Recommendations to Advance Adoption of Public Cloud Computing in Capital Markets
The Association for Financial Markets in Europe (AFME) has published a paper setting out 14 recommendations to help realise the full potential of public cloud computing across the capital markets industry. The recommendations for banks, cloud providers, regulators, and the industry as a whole aim to increase the transparency and collaboration required to build further…
SimCorp Partners deltaconX to Deliver SFTR Reporting Solution
SimCorp is seeking to solve the data management issues of Securities Financing Transactions Regulation (SFTR) reporting with a cloud-based solution developed in partnership with regulatory compliance specialist deltaconX. The SFTR offering is included in SimCorp’s latest software release and provides transaction reporting through the deltaconX regulatory platform. With the first wave of SFTR reporting requirements…
NeoXam Eases CACEIS Reporting Burden with Regulatory Edition of Impress Digital Reporting Solution
NeoXam has signed up the asset servicing banking group of Crédit Agricole, CACEIS, as the first user of the third edition of its Impress investment reporting solution, Regulatory Edition. The solution supports digital production of quarterly, semi-annual and annual reports. It is based on NeoXam’s buy-side DataHub and uses the functionality of the data repository…
GAM Implements Indus Valley Partners Solutions to Create Digital-First Data Management Model
GAM, an independent asset manager managing over $136 billion in assets for institutions, financial intermediaries and private investors, has implemented Indus Valley Partners (IVP) solutions to simplify its data architecture through automation and set up a digital-first data management model designed to give the firm enhanced operational flexibility coupled to greater control. The firm selected…
If Automated Data Lineage is the End Game, What is the Best Way to Get There?
Data lineage is key to regulatory compliance and business development, yet it remains a significant challenge for many firms as they lack an understanding of their data. Other barriers to implementation include having too much data – a problem that can, ironically, be solved by data lineage, internal culture, lack of management buy-in, and budget…
How to Turn Data Management Challenges of Benchmark Reform into Opportunities for New Analytics
The switch from Libor to new benchmarks under the EU’s Benchmarks Regulation presents a huge data management challenge, but also an opportunity to digitise contracts and analyse client relationships. The regulation was passed in December 2015 in the wake of the Libor scandal, and its deadline is December 31, 2021, when Libor will cease to…
New ISIN/LEI Data Connection from GoldenSource
Enterprise data management specialist GoldenSource has today revealed a new data connection to support the Association of National Numbering Agencies (ANNA) and Global Legal Entity Identifier Foundation (GLEIF) initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). The combined ANNA/GLEIF initiative was created to increase the transparency of trading exposure by…
Widespread Adoption of LEIs Could Save $2-4 bn per Year, Finds GLEIF/McKinsey
New research conducted by McKinsey on behalf of the Global Legal Entity Identifier Foundation (GLEIF) has found that wider use of Legal Entity Identifiers (LEIs) across the global banking sector could save the industry around $2-4 billion annually in client onboarding costs alone. With estimated total industry spend on client onboarding equal to $40 billion…
Operational Inefficiencies Costing Banks $3.3trn: Fenergo
New research from client lifecycle management provider Fenergo reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5 billion in revenue if they don’t bring their technology and systems up to date. With onboarding times rising by an average of three weeks in the last 12 months, if…