Data Management Insight Blogs The latest content from across the platform
Institutions Must Keep a Close Watch on Their Vendors, Says Credit Suisse’s Largier
Financial institutions need to be proactive in the management of their vendor relationships, said Peter Largier, global head of reference data analysis and projects at Credit Suisse. “You need to professionally evaluate the service you are getting from your data vendors,” he told delegates to FIMA 2008. Largier focused his session on how to get…
Pampapathi Advocates UPS Courier Model for Data Metrics Projects to FIMA 2008 Delegation
Institutions should follow the model of courier firms such as UPS when designing their data management frameworks, Dr Vinay Pampapathi, executive director of the technology division at Daiwa Securities SMBC Europe, told the delegates in attendance at this morning’s opening session to FIMA 2008. Using this model, institutions are able to track various data quality…
Understanding Risk is Key to Effective Data Management, Says BNY M’s Cox
Institutions need to invest in automated processes and good quality staff in order to adequately assess their risk exposure within data management process, said BNY Mellon’s Matthew Cox, head of securities data management, EMEA. They also need to understand the internal risks that are posed by bad quality data and examine what vendors can and…
Institutions and Vendors Need to Carefully Agree on Metrics as a Scorecard for Performance
During this afternoon’s vendor/client double act, Tommy Drummond from vendor Informatica and Benjamin Gavin from insurer Norwich Union explained the benefits of a scorecard against which to measure data quality. They demonstrated to FIMA delegates the benefits of clear data quality metrics via a practical case study. The metrics and targets for projects must be…
Third Party Consensus Data is Not Dead But it’s Dwindling, Says Citi’s Booth
The buy side is busy creating its own resources for consensus data and this has meant that third party provision of this data is slowly declining in importance, said Paul Booth, co-head of the global data services team at Citi Investment Research. The decision to source this information directly is being taken by many of…
LakefrontData Creates Data Management Industry Jobs Website
Against a backdrop of widespread redundancies and an increasingly competitive employment market, LakefrontData has launched a website specifically targeted at advertising jobs for the data management industry. According to the vendor, which was created from the merger of LakeFront Data Ventures (LDV) and data integration vendor ReferenceDataFactory (RDF) earlier this year, data management professionals can…
NumeriX Develops Data Adapter for Fitch Solutions Consensus Pricing Data
Fitch Solutions has established a partnership with NumeriX, under which NumeriX will launch a new data adapter that supports Fitch Solutions consensus pricing data for corporate, sovereign, loan and asset backed credit derivatives, as well as credit default swap (CDS) indices information. Steven O’Hanlon, president and chief operating officer of NumeriX, explains the benefits for…
Technology Will Help the Financial Services Market to Heal, Says TowerGroup
Originally appeared in MiFID Monitor Although the market is experiencing a period of significant turmoil, financial institutions that embrace new business models and invest selectively in technology innovation will survive the crisis, according to a recent report by TowerGroup. The report, “A Bumpy Flight, Landing, and Takeoff for the Financial Services Industry”, indicates that risk…
ValueLink Integrates Adept Solution into PriceValidation and CounterpartyCollection Services
ValueLink has integrated its Automated Data Extraction Processing Tool (Adept), which automates the processing and validation of OTC counterparty data and fund data, into its PriceValidation and CounterpartyCollection services. According to the vendor, Adept automates the whole process from receipt of data to data upload, including exception notification. Adept was developed as a solution to…
WestLB Goes Live with Asset Control’s AC Plus to Extend Instrument Coverage
German headquartered bank WestLB has gone live with Asset Control’s AC Plus financial and reference data management software to support its back office operations and day to day user requirements across its businesses worldwide. According to the vendor, WestLB required a solution that would enhance data quality and breadth of instrument coverage. Accordingly, Asset Control’s…