Data Management Insight Blogs The latest content from across the platform
BNP Paribas Becomes First EU G-SIB to Join GLEIF Validation Agent Programme
The Global Legal Entity Identifier Foundation (GLEIF) continues to build out the Global LEI System (GLEIS) with the addition of BNP Paribas as a Validation Agent. The addition of BNP Paribas marks the first global systemically important bank (G-SIB) headquartered in the EU to join the Validation Agent programme. Most recently, the GLEIF added Nord…
Out with the Rules: Why MDM Never Delivers on its Promise
By Anthony Deighton, CEO at Tamr. Unifying and managing data across an entire organisation is a battle against siloed systems and inconsistent data standards that reduce operational efficiencies, impair decision-making and compromise customer experiences among many other business impacts. That’s why the promise of Master Data Management (MDM) was so attractive when it first emerged….
ESG Space Has Strengthened Under Pressure, Summit Lead Speaker Says
The ESG space has emerged stronger from a bruising year of criticism, with financial institutions and companies alike taking a more considered approach to integrating sustainability considerations into their operations. That is the message from the lead speaker at this year’s ESG Data and Tech Summit London, who also forecasts that vendors and users will…
FCA Greenwashing Rule Raises Questions Over Data Requirements
The UK will implement its own anti-greenwashing rule at the end of this month but some industry participants are concerned that its data requirements are vague and could be misinterpreted by institutions. The Financial Conduct Authority’s (FCA) rule, part of its broader Sustainability Disclosure Requirement (SDR), expects companies to ensure that any sustainability claims made…
FactSet Expands GenAI Offerings with Portfolio Commentary
FactSet, provider of a financial digital platform and enterprise solutions, has expanded its GenAI offerings with Portfolio Commentary. The solution complements the company’s performance attribution capabilities with detailed and source-linked commentary allowing buy-side and wealth managers to understand key drivers of portfolio performance more holistically. Powered by large language models (LLMs), Portfolio Commentary also reduces…
Snowflake Releases Arctic Open-Source LLM for Complex Enterprise Workloads
Snowflake has released Arctic, an open-source large language model (LLM) designed to deliver top-tier intelligence and efficiency at scale, and optimised for complex enterprise workloads. The company’s debut of its own open-source LLM takes it into competition with the likes of OpenAI’s GPT-4, Google’s Gemini, Meta Platforms’ Llama 2 and Mistral AI’s Mixtral. Snowflake Arctic…
A-Team Group Names Winners of Innovation Awards 2024
A-Team Group has named the winners of its prestigious Innovation Awards 2024. The awards celebrate innovative projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets with a focus on data management, trading technology, RegTech or ESG. This year’s…
Singapore Skills Boost Shines Light on Global Data Talent Gap
The Singaporean regulator’s pledge to spend SGD35 million (US$26m) to upskill and reskill financial industry professionals in sustainable finance has highlighted a global shortage of ESG talent. The Monetary Authority of Singapore (MAS) said the cash will be spent over three years to support training initiatives that meet the expertise challenges of the novel investment…
SimCorp Integrates Software and Services to Deliver SimCorp One
SimCorp, a subsidiary of Deutsche Börse Group, has introduced an integrated platform for the global buy-side, SimCorp One. The platform includes Dimension, Simcorp’s automated investment management software, and Axioma factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions acquired in a merger late last year. Other elements comprise client communications, the company’s…
Investor Initiative Aims to Improve Corporate Human Rights Data
A plan to improve the human rights data available to financial institutions is close to inauguration, supported a multi trillion-dollar coalition of asset owners and managers. The Investor Initiative on Human Rights Data (II-HRD) is in the process of gathering an alliance of institutions to engage with data providers and proxy advisers to bring clarity…