Data Management Insight Blogs The latest content from across the platform
Fame Information Services Joins Migration to Linux
Fame Information Services has become the latest vendor to announce that it has ported its systems to run on the ‘open source’ Linux operating system. Industry analyst Meta Group predicted, in a December 2002 study, that by 2006 or 2007, Linux will run on 45% of new servers. Back in May, Asset Control announced that…
Asset Control Partners with Vitria for Data Dissemination
Business process integration specialist Vitria has formed a partnership with Asset Control. The two companies will develop a joint solution, the Asset Control Integration Module, to facilitate the dissemination of ‘cleansed’ and standardized reference data to multiple systems. The joint product, scheduled for availability in the third quarter of this year, will combine Vitria’s BusinessWare…
Wachovia Licenses Xcitek
Wachovia Corp. has licensed Xcitek CostBasis’s XCB solution to calculate cost allocation factors and tax opinions on corporate actions. XCB is an automated solution for supplying cost basis and tax data. Susan Lane, managing director, securities servicing, Wachovia, says the product is user-friendly and cost effective in supporting the bank’s trust account base. “It provided…
Advent Software and Netik Seal Strategic Integration Alliance
Advent Software and Netik have formed a strategic alliance to integrate Advent’s Geneva and Netik’s InterView V7 software. The combined products will provide fund administrators, prime brokers and global asset managers with an integrated system for investment accounting, data management and reporting. The Geneva software features a single unified data model that supports flexible reporting…
The Interview: Full Circle for EDI
Nearly a decade ago, a licence to distribute London Stock Exchange started Exchange Data International down the data aggregation route. RDR reports on how far they’ve come A little over two years ago, the phrase reference data was pretty much unknown. Today it is in danger of becoming one of those tick-box capabilities that suppliers…
As More Suppliers Join the Reference Data Party, Will Commercial Issues Hijack Industry Debate?
July is upon us, and while visitors to the SIA Show in New York last month were taken aback by some unseasonable rain, everyone is settling down for a long, hot summer. Or perhaps not. Judging by the flow of announcements from vendors in the reference data space, things are not slowing down just yet….
DTCC White Paper Offers Plan for Corporate Actions Process
The Depository Trust & Clearing Corp. (DTCC) continues to push its proposals for the transformation of corporate action processing with the release of a blueprint plan that includes proposals for the development of centralised data cleansing and hub-based messaging. Earlier this year, the DTCC launched its Global Corporate Action (GCA) validation service (see RDR, June)…
KBC Bank Selects Fame’s ReferencePoint for European Risk Management Project
KBC Bank & Insurance Group has begun to implement a major reference data project using Fame Information Services’ ReferencePoint system. Fame has also been contracted to customise and implement the system under a fixed-price, fixed-delivery-date contract. As part of its risk management strategy KBC, headquartered in Brussels, will be using ReferencePoint to integrate multiple data…
Xcitek Targets Europe With London Office Opening, Burgess Hire
Corporate actions automation specialist XcitekSolutionsPlus has formally opened a London office to serve as a hub for its European expansion. To support European clients, the firm has hired Nick Burgess as XSP product specialist to help provide pre- and post-sales client service and manage XSP implementations. Burgess brings 15 years of securities processing experience to…
FTI in New York Hires Sharma to Lead Professional Services
Financial Technologies International has appointed Chander Sharma vice president of its professional services division for the Americas and India. Sharma will be based at FTI’s New York headquarters where he will direct the professional services efforts of FTI’s Mumbai, India-based operations. His prime responsibilities will be negotiating and managing customer projects. Sharma has held senior…