RegTech Insight Blogs The latest content from across the platform
SEC’s Cox to provide guidelines for adoption of XBRL
Christopher Cox, the Securities and Exchange Commission (SEC) chairman, is expected to release recommendations this week about how US companies can adopt extensible business reporting language (XBRL) for their financial reporting. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag…
Markit Launches Counterparty and Compliance Documentation Library
Data, portfolio valuations and OTC derivatives trade processing vendor Markit has launched a new documentation library that allows financial institutions to post, manage and share compliance, counterparty credit and regulatory documents securely. Called Markit Document Exchange, the new service automates KYC, anti-money laundering and compliance certification processes in order to reduce risk and lower operational…
Cicada Expands KYC Solution Business Development Team
Shaun Hassett has joined Cicada’s business development team as vice president of business development. He will be responsible for developing and expanding the company’s Cicada Profiler software business. Prior to Cicada, Hassett was national account manager at Accuity, a provider of data, software and services to help organizations maximize efficiency and meet their regulatory compliance…
Brewin Dolphin Opts for Zoomix Accelerator for Instrument, Client Data Management
UK private client investment manager Brewin Dolphin has implemented Zoomix’s Accelerator enterprise data management platform to automate the matching, standardization and classification of hundreds of thousands of customer and financial data records. Accelerator is a so-called ‘self-learning’ data management platform that analyzes the relationships and meanings relevant to any data domain by observing decisions made…
Counterparty data just got more interesting…
Although financial institutions have had teams of people managing and cleansing entity data for decades, when CounterpartyLink was founded in 2005 the practice of turning to external sources for cleansed entity data and verification of one’s own data was a relatively new concept. Identified by backers Investors Guaranty and data platform provider Cicada as a…
Cicada Spins Off CounterpartyLink to Investors Guaranty Global Alliance
Following several months of market speculation, CounterpartyLink has been sold by parent Cicada Cos to a group of investors led by Andover Capital, part of the Zurich-based specialist fund Investors Guaranty Global Alliance (IGGA). The deal places CPL among a number of financial content and technology investments already owned by IGGA and the Investors Guaranty…
The Sun Sets For Larry, Rises For Others?
It’s been a while I know, but this blogging business just keeps getting pushed to the bottom of the list. My thanks then to “Uncle” Tom Groenfeldt for alerting me on his blog to the recent departure from Sun Microsystems of Larry Scott, where he was vice president for financial services. Larry is going somewhere,…
Markit Teams with Six Dealers on Valuations Platform To Improve “Cumbersome” Aggregation, Distribution
The latest in a flurry of initiatives bidding to improve the valuations process in the wake of the sub-prime crisis and the credit crunch comes from UK market data vendor Markit Group which in a now-familiar modus operandi is working with six Wall Street banks to launch a global, multi-bank, cross-asset client valuations platform. The…
Buy Side EDM Demand Holding Up, New-Look Cadis Software Claims
The evolution of the buy side EDM specialist formerly known as Citadel Associates that was set in train by the departure of managing director Jean Williams and the company’s acquisition by a group of seasoned financial technology investors mid-last year has culminated in its renaming as Cadis Software. As the vendor assumes the name of…
Q&A: Steve Gleave of Endace on Latency Monitoring
In the news yesterday as a result of its global partnership with Reuters, Endace’s technology – coupled with that of partner Trading Metrics – underpins the Reuters Latency Monitor. But just who is Endace, and what does their technology really do? IntelligentTradingTechnology.com talked to Endace vice president of marketing Steve Gleave to find out more…