Data Management Insight Blogs The latest content from across the platform
Strategy and Tools for Tracking Licensed Data Within Financial Services
By Neil Sandle, Head of Product Management, Alveo. Indices are tools used to track how asset classes, industry sectors, market segments, and a host of other physical and virtual sets of data perform over time. Leading examples can be found in the realm of financial services, in particular with stock markets, where the FTSE 100,…
How to Achieve Successful Data Transformation for Long Term Business Value
Demonstrating business value from data transformation pivots on quick wins with measurable outcomes, a focus on data quality, developing a strong data culture, ensuring management buy-in, and dealing with everyday change such as the forthcoming implementation of Consumer Duty Regulation. A CDO panel at A-Team Group’s recent Data Management Summit London dived into the detail…
Finastra ESG Service Seeks to Automate ESG Loan Premia Calculation for Banks
Loan pricing is a complicated business that’s being given an added shot of complexity by the requirement that borrowers’ ESG-linked performance be factored into the calculations. It’s a challenge that financial technology provider Finastra has sought to solve with a new “standalone” solution to complement its widely used Loan IQ corporate lending servicing system. The…
KX Offers Data Timehouse Platform on Microsoft Azure
FD Technologies, which acquired Kx Systems in 2018, has announced general availability of kdb Insights Enterprise on Microsoft Azure, an enterprise ready, real-time analytics engine with the kdb time series database (kdb) at its core, and running natively on Azure. FD says the solution represents the industry’s first Data Timehouse, a new class of data…
Optimising ISO 20022 for Cross-Border Payments
Why the LEI and BIC are a Perfect Fit for a Truly Global Identification Scheme By Clare Rowley, Head of Business Operations, GLEIF. Challenges in the cross-border payments market include high costs, low speed, limited access, and insufficient transparency. In October 2020, the G20 endorsed a roadmap to enhance cross-border payments. The roadmap was developed…
Data Start-up SparkChange Helps Investors Meet Climate Goals Via Carbon Markets
Jan Ahrens believes the majority of environmental sustainability investment theses are wrong. The problem, says the carbon markets economist, is that most strategies are built to reward companies that are environmentally clean and not also those that are striving to be clean. “It misses the mark of decarbonisation, because if we make it easy for…
Bloomberg Unveils BloombergGPT: A Large-Language Model Tailored for the Financial Industry
Bloomberg has introduced BloombergGPT, a generative artificial intelligence (AI) model specifically designed to enhance natural language processing (NLP) tasks within the financial sector. Developed using a vast range of financial data, this large language model (LLM) represents a significant step forward in the application of AI technology in the financial industry. While recent advancements in…
Eurex Adds ESG Tools to Derivatives Clearing
European derivatives exchange Eurex is incorporating climate assessment tools in its clearing business, enabling members to examine the sustainability of their portfolios and, eventually, apply that to the €11 trillion of trades it manages every month. Members of the central counterparty platform owned by Deutsche Börse will be able to use two tools in the…
BSI Examining Better Use of Data to Improve Firms’ ESG Performance
The drafters of a new standard to help financial companies manage their sustainability obligations and targets is also working with academics to identify how data can be better used to improve ESG performances. The British Standards Institution (BSI) has enlisted the help of universities, including Oxford, in its IMPACT programme to work out ways that…
Derivatives Service Bureau Sets Timeline for 2023 Consultation on ISIN and CFI
The Derivatives Service Bureau (DSB) has set out the timeline for 2023 industry consultation related to 2024 service provision of the OTC International Securities Identification Number (ISIN) and Classification Financial Instrument code (CFI). The consultation paper will be published on 28 April 2023, and the industry will have until 31 May 2023 to respond. The…