Data Management Insight Blogs The latest content from across the platform
An Incremental and Practical Approach to Data Integration is Best, Agrees Golden Copy Repository Panel
In order to ensure that downstream departments remain in synch with central data management projects, firms must adopt an incremental and practical approach to data integration, agreed FIMA’s panel on the practicalities of managing a golden copy repository. Peter Giordano, executive director of institutional equities at Oppenheimer & Co, recommended that firms roll out the…
Keeping it Simple and Using Common Message Standards is Vital, Says Integration Panel
In order to reach the goal of consistency across new best of breed software and legacy systems, firms need to make sure users understand and use common message standards, said Sally Hinds, global head of enterprise data management (EDM) at HSBC. Her fellow panellists agreed that a shared format for all business applications and normalisation…
Netik’s Hale Says Fear Rather Than Greed Driving Institutions to Invest in Data Management
Keith Hale, executive vice president and co-founder of Netik, opened the second day of FIMA 2008 by quoting Warren Buffet in a data management context: “Financial markets are either driven by greed or fear, according to Warren Buffet, and it seems that recent times have flipped the driver from greed to fear. This fear is…
Make Data Management Tangible for Executives in Order to Secure Funding, advises Oppenheimer’s Giordano
If you’re going to take a federated approach to data management in order to solve issues, such as regulatory compliance, Peter Giordano of Oppenheimer & Co. advised delegates at FIMA 2008 that you make your business case tangible by including such things as “neat analytics” or dashboards for the front office, in order to help…
Will SLA’s be Re-Evaluated After Tumultuous Times Highlight Response Issues?
Service level agreements were a key topic in this morning’s roundtable discussions at FIMA 2008, with one data manager at a Tier 1 financial institution suggesting that many SLA’s are now likely to be revisited in order to achieve better responses from their data suppliers after the current market conditions highlighted the need for faster…
New Regulations Will Impact Data Management; But Industry Not Talking To Each Other Enough to Fix the Problems
There are going to be a slew of upcoming regulations post credit-crunch and industry collaboration will be essential to address data management processes needed to comply, according to a panel of industry practitioners at FIMA. But progress to date has been slow, and industry bodies and participants are not talking to each other enough to…
Despite Lack of Standards, Legal Entity Data Will Become Centre of Data Operations
Although standards for legal entity data are likely to evolve over time and become more rigorous, there does not exist today a standard directory of identifiers for legal entities across global jurisdictions, said James Redfern, head of sales and marketing at CounterpartyLink. But with an average of 27% of company records held at financial institutions…
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…