Data Management Insight Blogs The latest content from across the platform
Bimcor Leverages Eagle for Daily Performance Results, Building on Centralised Data Hub
Canadian pension fund manager Bimcor has experienced improved data management and data analysis capabilities after streamlining processes using data management and performance solutions from Eagle Investment Systems. The firm has now completed a project to implement a range of Eagle technology which began in 2004. Bimcor is a wholly owned subsidiary of BCE Inc and…
Hedging your bets…
Hats off to analyst Aite Group this month for breathing new life into one of our favourite topics – STP. In its report on Capital Markets IT Spending Priorities in 2007, Aite identifies “a renewed emphasis on trade processing” and, while it does so with a degree of embarrassment, the message is clear. “While STP…
Firms Will Spend $1.67 Billion on EDM in 2007, Aite Finds, But Most Don’t Plan to Hire Chief Data Officers
Enterprise data management (EDM) initiatives will account for $1.67 billion of spending by financial services firms in 2007, driven in the US by securities reference data challenges and data silos, and in Europe by the requirement to control client and counterparty data to comply with regulation such as MiFID and Basel II. So says analyst…
NNAs Set to Begin Testing IBEI Files
At the end of June, work will kick off between National Numbering Agencies (NNAs) including Telekurs, the London Stock Exchange and WM Datenservice to test the interoperability of international business entity identifier (IBEI) files. Though work has not been completed on the ISO standard IBEI, some NNAs are issuing their “own” IBEIs, to meet the…
GoldenSource Hires Gallagher for Sales, Edelstein for Product Role
GoldenSource has bolstered its ranks with the hire of two new senior executives. Ed Gallagher joins as senior vice president, head of sales and client operations for the Americas, and Neil Edelstein is the vendor’s new senior director of product solutions. Gallagher was most recently president and CEO of independent research provider Rapid Ratings, and…
OTC Derivatives Shake Up Data Management; Data Consistency Key
The growing use of OTC derivatives is shaking up data management strategies across the industry. Three-quarters of firms have re-evaluated or are planning to re-evaluate their data management processes as a direct result of the expansion in use of these instruments (see chart, below), according to a survey conducted by A-Team Group (publisher of Reference…
Tim Lind Leaves GoldenSource for Strategy Role at Omgeo, Sees Opportunities to Partner Swift on SSIs
Tim Lind has parted ways with enterprise data management specialist GoldenSource for pastures new at Thomson Financial/DTCC-owned post-trade, pre-settlement solutions provider Omgeo. As Omgeo’s new managing director, strategic planning, Lind reports directly to president and CEO Marianne Brown, and is also a member of Omgeo’s executive team. Lind’s move must be viewed as something of…
Data Governance “Poorly Practised”
The concept of data governance is one much bandied about in EDM circles, especially as the notion of purely centralised data management morphs into a more pragmatic strategy of centralised control over distributed data stores. But, as is well documented in a new white paper written by Baseline Consulting and sponsored by master data management…
Europe Arab Bank Signs with CounterpartyLink for Entity Data
CounterpartyLink has announced a three year, enterprise-wide agreement to provide legal entity data to Europe Arab Bank (EAB) in London. EAB is a new wholly-owned subsidiary of Arab Bank, providing a niche service to European companies and individuals wishing to transact with the MENA region. Philip Hindley, head of compliance at EAB, says the bank…
Capco and Lombardi Team to Provide Best of Breed BPM Offering, Capco Seeks Further Ref Data Partner
Capco and Lombardi , provider of business process management (BPM) suite software and services, have joined forces to strategically market and sell the Teamworks BPM suite as part of Capco’s Client Profile Management (CPM) solution. According to Nick Jackson, partner at Capco, there are many drivers for delivering the joint offering – client demands, regulatory…