Data Management Insight Blogs The latest content from across the platform
Digging Deeper: FactSet KYC
Earlier this month, financial and software data specialist FactSet expanded its compliance capabilities with FactSet KYC, a cloud-based application aiming to assist clients to streamline their KYC and AML due diligence responsibilities. Combining robotic process automation with deep-dive data analytics, the launch marks a bid by the firm to break into a new customer segment…
Ascendant and ipushpull Partner on Digital Transformation Drive
The playing field on which financial services firms are contending is changing. Past competitive playing fields, such as alpha generation or trading strategies, are becoming less important ways for firms to generate revenue – and instead, in their bread-and-butter businesses, firms are focused on either reducing or optimising costs. And technology is playing a major…
LSE in Talks with Refinitiv on $27 Billion Merger Deal
News broke over the weekend that the London Stock Exchange (LSE) is in talks with Refinitiv to take over the former risk and finance unit of Thomson Reuters, in a transaction valued at $27 billion. Should it come to pass – and given the specificity of press reports, it seems it most likely will –…
How to Avoid a Data Management Headache Post M&A
By Devendra Bhudia, Solutions Director for Enterprise Data Management at IHS Markit. Earlier this year, Invesco’s chief executive, Martin Flanagan, was quoted as saying that “a third of the asset management industry could disappear over the next five years”. This followed Invesco’s acquisition of OppenheimerFunds and supports Flanagan’s comment that “scale matters more than ever”….
Refinitiv Integrates UBO and Vessel Data onto Risk Intelligence Platform
Refinitiv has integrated ultimate beneficial ownership data (UBO) from Dun & Bradstreet and vessel data from IHS Markit Maritime and Trade onto World-Check One, its flagship risk intelligence solution. The move demonstrates the firm’s ongoing investment into KYC solutions following the recent shake-up of its KYC strategy, which saw Refinitiv withdraw its KYC-as-a-Service offering in…
Collibra Acquires SQLdep, Expands European Presence
Data intelligence firm Collibra last week announced the acquisition of SQLdep, a software-as-a-service (SaaS) provider of automated data lineage. SQLdep automates the discovery and visualization of technical data lineage and enables organizations to capture context around data, understand data quality, support compliance initiatives and increase trust. “Organizations are challenged with managing thousands of data sets…
Bringing Alternative Data into the Mainstream
By Martijn Groot, Vice President of Marketing and Strategy at Asset Control. Alternative and unstructured data is rapidly going mainstream. In a recent survey conducted by Adox Research for Asset Control, more than a third of respondents from financial institutions (36%) labelled these new types of data as ‘high importance’ drivers for investment. Alternative data…
A Strategic Approach to FRTB Compliance and Broader Risk Data Management
Data management for compliance with Fundamental Review of the Trading Book (FRTB) regulation has been acknowledged as a significant challenge, but it is not without hope as banks within scope consider how much data they have in-house and what must be sourced externally, build data management platforms to meet FRTB requirements for data consistency across…
Datactics Funnels Funding into AI technology, Staff Hires and International Expansion
Datactics is planning technology, staff and international expansion following the conclusion of a £1.2 million funding round led by The Bank of Ireland Kernel Capital Group Fund and new investor Edinburgh-based Par Equity. Investments in technology and people include an extension of Datactics’ data quality solutions platform and set up of a dedicated artificial intelligence…
Refinitiv Partners Appway to Provide Digital Onboarding for Wealth Management and Broker-dealer Clients
Refinitiv has reached a strategic partnership with Appway to integrate the latter’s client onboarding solutions on the Refinitiv BETA Platform, a suite of brokerage capabilities used by many US wealth management and brokerage firms. The integration reflects a growing desire among wealth managers and brokers to automate their services, and will enable financial intermediaries and…