Data Management Insight Blogs The latest content from across the platform
Beam Solutions Issues Warning on Insufficient AML Procedures Across EU Member States
Beam Solutions, a San Francisco-based transaction monitoring platform founded in 2016 by former Facebook and Paypal executives, has warned of widespread Russian money laundering within the EU banking system. In a note published March 18, the software company noted that multiple major European banks were facing allegations of failing to prevent money laundering taking place…
Stream Financial Releases High-Performance Data Management Platform
Stream Financial has released a data management platform designed to solve the problems of data siloes and ageing enterprise data management (EDM) solutions, and deliver efficient, high-performance data management that can reduce total cost of ownership and help firms improve margins. The platform challenges traditional data management systems, but keeps existing infrastructure in place, by…
Datactics Extends Cloud-Based Data Matching Capability with Sanctions Match Engine
Datactics has extended its cloud-based data matching capabilities with a Sanctions Match Engine designed to support sanctions screening for Anti-Money Laundering compliance. The first release of the engine is free to use to a limited extent and includes the US Treasury Office of Foreign Assets Control (OFAC) and UK and EU sanctions lists. The sanctions…
MarkLogic Suggests Data-Driven Strategies for Asset And Wealth Managers
Asset and wealth managers challenged by changes in the market are beginning to take a data-driven approach to transforming products, operations and their companies. The challenges they face include a rise in investment fund flows into passive funds, making money in a changing environment, an increase in regulation following the implementation of Markets in Financial…
How to Tackle the Exorbitant Cost of Sourcing and Cleansing Market Data
The financial industry spends $28.5 billion on externally sourced market data and a further $2-3 billion cleaning it up so that is can be used internally. Why is this so difficult and costly, and what can the industry and market participants do about it? Peter Moss, CEO of the SmartStream Reference Data Utility (RDU), will…
Legal & General Data Scientist Details How to Drive Insight, Value and Disruption out of Data
Delivering data driven disruption, innovation and business transformation across a large organisation containing numerous businesses is no mean feat, but it can be done by creating a data strategy and story that appeals to each business and taking an enabling rather than dictatorial approach. Just five months into his role as director, group data sciences,…
Seven Principles of a Data Ethics Framework
The issue of data ethics is surfacing at financial firms following the focus on data privacy required by General Data Protection Regulation (GDPR) compliance and the arrival of artificial intelligence (AI) applications in the workplace. It’s a difficult issue to manage as it can be interpreted in many ways, so how best can you address…
IHS Markit Partners Encompass to Speed Up KYC Process
IHS Markit has integrated an automated solution from London-based encompass into its KYC services in a bid to reduce manual processes and drive efficiency. Encompass automates the collection of KYC data from the public domain, including global corporate registries, regulatory listings and exchanges, and is expected to reduce time for data gathering by 30%. Other…
Workplace Diversity Makes Positive Impact on Bottom Line, Acquiring Talent, Client Service
Whatever your organisation’s commitment to diversity in the workplace, the evidence is stacking up to suggest diversity initiatives are no longer a ‘nice to have’, but an imperative for business development and growth – and the time to act is now. Research carried out recently by Broadridge Financial Solutions looked at the impact of diversity…
Tom Raptis Joins Reformis from Refinitiv
Tom Raptis, a former senior consultant at Refinitiv and previously with Thomson Reuters for seven years, has joined Reformis, a business and technology consultancy for the buy-side that specialises in data management, trading platform optimisation, and regulatory and client reporting. Raptis joined Reformis today as a senior consultant based in London. He brings data management…