Data Management Insight Blogs The latest content from across the platform
GoldenSource Responds to Market Interest in Financial Industry Business Ontology
The decision by GoldenSource to map its enterprise data management (EDM) solution to the Financial Industry Business Ontology (FIBO) signals initial industry take up of the semantic standard, which GoldenSource suggests could go as far as becoming a regulatory requirement for reporting. FIBO is an initiative of the EDM Council and describes in business terms…
GoldenSource Sets out LEI Store and Suggests an Entity Data Utility to Commoditise Compliance
GoldenSource is addressing the arrival of legal entity identifiers (LEIs) with its existing enterprise data management (EDM) software and the suggestion of a data utility that could commoditise compliance with regulations based on the LEI. The company has made its software LEI ready by allowing users to add LEI codes as additional or primary entity…
OTP Bank Implements Numerix CrossAsset to Support Pricing and Risk Analytics
OTP Bank – Hungary’s largest independent retail bank, with subsidiaries in eight other European countries – has implemented the Numerix CrossAsset analytics platform to support its derivatives analytics. The bank selected the CrossAsset platform on the basis of its independent library of market-tested pricing models and comprehensive instrument coverage. CrossAsset replaces other types of libraries…
The Valuations Webinar Library
As you’re aware, valuations have been something of a hot topic for us these past several months. I’ve blogged a few times about how tricky they are (see here and here, for example), and the topic has been serialised, as it were, through our A-Team Hot Topics programme of webinars and special reports. (The most recent…
DTCC Plans Vendor Workgroup to Tackle Data Accuracy of the CICI and LEI
DTCC has responded to criticisms covering the accuracy and quality of CFTC Interim Compliant Identifiers (CICIs) it issues on behalf of the Commodity Futures Trading Commission (CFTC) saying data issues highlighted in a blog by data consolidator Alacra are the result of how business rules are being applied to entity registrations. Despite its defence, DTCC…
Bayer Implements SunGard Adaptiv Solutions to Support Risk Management
Germany’s Bayer AG has implemented a selection of SunGard’s Adaptiv solutions for risk management to ensure it meets the fair value accounting mandates of the International Financial Reporting Standards (IFRS 13) and is ready to comply with European Market Infrastructure Regulation that is expected to come into force later this year. The German enterprise that…
Wipro Pumps $30 Million Into Opera Solutions
Indian IT heavyweight Wipro has invested $30 million in New Jersey-based predictive analytics specialist Opera Solutions. It’s unclear what this values Opera at, but Wipro’s investment is a minority stake. Opera’s offerings include its cloud-based Signal Hub range. Signals are predictive patterns and anomalies in big data sets. Signal Hubs are domain-specific collections of Signals…
Numerix Licenses Source Code of Portfolio Risk Product to Paladyne
Derivatives pricing and risk analytics provider Numerix has deviated from its normal partnership practice to license source code, development rights and unlimited distribution rights for its Portfolio risk product to Paladyne Systems, the investment management solutions firm within sell-side specialist Broadridge Financial Solutions. As part of the deal, Paladyne has also taken on the Toronto-…
FATCA – Ask for Directions or Read the Map?
By Nick Jones, Senior Consultant, Citisoft. The approach to handling transaction data for FATCA reporting should build on both ‘male’ and ‘female’ strengths in the organisation. Looking at transactions, we see that FATCA requires the reporting of a) individuals’ account balances (and in due course, income and proceeds) and b) withholding tax. This is detailed…
Wolters Kluwer Proposes Solutions for the Challenges of Risk Data
Risk data needs to be identified, aggregated and centralised to deliver improved risk management. But the process entails significant challenges as risk data is growing exponentially, operational risk data related to people, processes and systems must be managed, and financial risk data remains inconsistent across institutions. That’s the message from Ioannis Akkizidis, global product manager…