Data Management Insight Blogs The latest content from across the platform
SS&C Proposes Acquisition of Australian Financial Technology Provider GBST Holdings
SS&C is back on the acquisition trail, this time announcing a non-binding indicative proposal to acquire Australian financial technology firm GBST Holdings for approximately A$221 million (equivalent to about US$155 million). While the company made four successful acquisitions in 2018, this one may not complete as it is reported that FNZ, a wealth management specialist…
Regulators Double Down on BCBS 239 Data Quality Focus
The European Central Bank (ECB) and other financial services regulators will increase their focus on improving the quality of data they receive from financial institutions over the next 24 months. Speakers at the Vermeg Annual Regulatory Reporting Conference, held in London in late June, said regulators are analysing the quality of the Basel III data…
J.P. Morgan Partners StatPro to Deliver Portfolio Analytics for Asset Managers
StatPro is hoping to reach new heights through a strategic partnership with J.P. Morgan that will provide J.P. Morgan clients with access to StatPro’s Revolution portfolio analytics platform alongside the bank’s fixed income benchmark indices. The aim of the partnership, which has an initial five-year term, is to create a one-stop shop offering decision makers…
Derivatives Service Bureau Plans for Changes to Interest Rate Derivatives Reporting Under MiFIR
The Derivatives Service Bureau (DSB) will open a user acceptance testing environment on July 7, 2019 to help financial institutions within the scope of MiFID II and MiFIR meet ESMA guidance on changes to interest rate derivatives reporting set out in RTS 23 field 41. ESMA updated its Q&A on MiFIR Data Reporting in September…
Embracing the Known in FRTB: Why Banks Need to Step Away from the Data Pool and Start with the Familiar
By: Charlie Browne, Head of Market & Risk Data Solutions, GoldenSource. The Fundamental Review of the Trading Book (FRTB) is coming and it has sent firms into a spin around how to get the data required to prove risk factor modellability. It is the first time banks will be obligated to do this, a mammoth…
Three Big Banks Sign on to Operational Risk Data Sharing Platform
In mid-June, Acin – a data standards firm for operational risk and controls – announced that Credit Suisse, Standard Chartered Bank and Société Générale had joined its collaboration community, the Operational Risk Defence Network Model. Their arrival brings the total number of tier one banks working with Acin to 12. The name of the company,…
The Essence of Digital Transformation is Data and the Message – Don’t Give Up
Digital transformation is all the rage among financial institutions, but it comes with significant data management challenges and can hit the wall if it is not underpinned with a strong data foundation and the right skills. That said, an audience poll on the status of digital transformation projects run during an A-Team Group webinar this…
SimCorp Partners SIX on Sanctions Service
SimCorp and SIX have partnered to add the latter’s Sanctioned Securities Monitoring Service to the former’s Compliance Manager module of SimCorp Dimension. The aim is to give SimCorp users access to global sanctions data directly from SIX, allowing them to detect breaches against supported sanction regimes. The Sanctioned Securities Monitoring Service from SIX provides a…
Is Your Firm in the Stone Age or Information Age of Artificial Intelligence?
We’ve talked about the potential of artificial intelligence (AI) to improve efficiency, accuracy, creativity and generate business growth for years – and it’s benefits are now beginning to be realised and reported. A recent report from Broadridge Financial Solutions, the company’s second annual AI Outlook Survey, headlines data mining as the top user of AI,…
Refinitiv Details Ongoing Commitment to KYC and Fighting Financial Crime
Refinitiv is back on track following its decision to withdraw its KYC as a Service offering with plans to focus on its World Check, Media Check, Extended Due Diligence and recent partnership with Trulioo on digital entity solutions to meet customer needs for Know your Customer (KYC), due diligence and third-party risk management. The company…