Data Management Insight Blogs The latest content from across the platform
Talking Reference Data with Andrew Delaney: No Rest for the Wicked
I don’t know about you but the misconception that I could ease back into the swing of things post-holidays was rapidly blown away last week and continues to be blown away in a whirlwind of activity. At the risk of coming across as naively optimistic, members of our community across the board seem to be…
Global LEI System Leaps Forward with Naming of Nominees for the Board of the LEI Foundation
Development of the global Legal Entity Identifier system (GLEIS) has leapt forward with the naming of nominees for the initial board of directors of the Global LEI Foundation. The Foundation will operate the Central Operating Unit (COU), a critical element of the complete system. The Financial Stability Board (FSB) Plenary endorsed the nominees listed below…
Traiana Embeds Duco Reference Data Reconciliation Technology in CreditLink to Support SEF Trading
Traiana has embedded Duco data matching and reconciliation technology in its CreditLink service to help customers reconcile client reference data when the Commodity Futures Trading Commission’s mandate for electronic trading of swaps on swap execution facilities (SEFs) comes into force in mid-February. The Duco technology uses sophisticated algorithms and fuzzy logic to reconcile reference data…
Markit Moves into the Front Office through Acquisition of thinkFolio
Markit’s acquisition of London-based portfolio management software specialist thinkFolio marks the company’s first move into front-office solutions, although it is not expected to be its last. The deal closed yesterday and while Markit declines to detail the cost of the acquisition, it has confirmed that thinkFolio’s 20 employees will transfer to the company, along with…
BNY Mellon Selects Markit for First Phase of Enterprise Data Management
BNY Mellon Asset Management has turned to Markit for an enterprise data management solution that will initially be used to amalgamate, cleanse and validate index data, but could be extended to manage other types of data. The Markit Enterprise Data Management (EDM) platform was chosen after a competitive selection process and a detailed proof of…
Swift Builds Out Financial Crime Compliance Business with KYC Data Utility
Swift is pushing into compliance services for financial crime regulation with a dedicated business unit that is offering a Know Your Customer (KYC) data utility and planning additional solutions including business intelligence tools for regulatory compliance. A pilot of the Swift KYC Registry went live this week with a group of Swift member banks. The…
Regulatory Oversight Committee of the LEI System Endorses a Further Five pre-Local Operating Units
The Regulatory Oversight Committee (ROC) of the global Legal Entity Identifier system (GLEIS) made headway over the holiday season, endorsing a number of pre-Local Operating Units (LOUs) and listing national business registries that have confirmed there are no impediments to entities and pre-LOUs using their information as part of the reference data attached to each…
Opinion: Dangerous Data
By Philippe Verriest, Director, Euroclear Data is a vital component of our capital markets. Ensure this data is accurate, and you have a solid basis from which to make considered business decisions. Get it wrong and you risk contaminating many parts of the transaction chain. If there is one lesson that the global financial crisis…
Talking Reference Data with Andrew Delaney: AC’s Petti – Our Asset Is Under Control
Richard Petti – who recently took over as CEO of EDM platform provider Asset Control – is bullish about the company’s prospects after a rethink of strategy in the wake of its acquisition by LA-based private equity group Marlin Equity Partners. Some may have written off the stalwart data management supplier following this year’s messy…
Sapient Global Services Brings Close of Business Reporting Service to Market
Sapient Global Markets has responded to the need for commodity solutions for non-core operations with a managed end-of-day reporting service called Close of Business Service, or CoBS. The service is designed to help firms reduce reporting complexity and cost, and improve risk control and profit predictability. The service has been in use by a handful…