Data Management Insight Blogs The latest content from across the platform
DTCC Replaces Benchmarks Service with ITP Data Analytics for Operational Performance
DTCC has updated its Institutional Trade Processing (ITP) service with ITP Data Analytics, a service including analytical tools that allow broker/dealers and investment managers to measure and compare their operational performance against counterparties, industry standards and peers. ITP Data Analytics replaces DTCC’s legacy Benchmarks service. It consumes underlying daily transaction activity from DTCC’s post-trade central…
Encompass Plans Global Growth Acceleration Following £25 Million Funding Round
Encompass, a provider of automated Know Your Customer (KYC) solutions, has completed a capital raise of £25 million. The funds will be used to accelerate global growth, particularly in the US where the company opened its first office in New York in October 2021, and in Europe where an office was recently opened in Amsterdam….
Migrating Data Management to the Cloud – What Can the Financial Sector Do to Meet the Challenge?
By Mark Hermeling, chief technology officer at Alveo. Financial services firms are increasingly moving their data management ecosystems to the cloud. This has huge implications for the sector as highlighted in a recent Market Research Future report that projects the financial cloud market will hit the $52 billion mark by 2028, growing at an impressive compound annual…
SmartStream Combines Air, RDU to Offer Comprehensive Transaction Reporting for MiFID II
SmartStream Technologies has combined its SmartStream RDU reference data utility with its SmartStream Air (Artificial Intelligence Reconciliations) solution to create a new offering that provides regulated entities with comprehensive reporting capabilities for MiFID II. The new solution – Transaction Reporting Reconciliation and Reporting Decision Control – aims to address regulators’ growing requirement for completeness and accuracy…
Best Climate Risk Providers
We’re seeing a rapid transition in how the financial markets industry is approaching climate risk. This shift has been advanced by customer preferences, public awareness and, as most pressingly, increased regulatory demand. As new energy sources and technologies emerge, investors must innovate and advocate for a comprehensive climate risk framework. Climate Risk Management models continue…
Vendor Strategy: Snowflake Forecasts ESG Growth as It Breaks Down Silos
Snowflake’s Financial Services Data Cloud was launched in the middle of last year with the aim of providing financial institutions access to its cloud-native data resources. From the get go, the US-based company knew that ESG would be a major – and growing part – of its offering. Now Rinesh Patel, Head of Industry, Financial…
CUSIP Global Services Sees Interest Grow in Verified Green Muni Bonds
American regulators’ demands that municipal bond issuers show proof of their ESG claims is being underlined by rising inquiries to one of the leading providers of muni sustainability data. Cusip Global Services (CGS) has seen a steady rise in client referrals to debt flagged as green on its platform since the US company began including…
FD Partnership with Microsoft Promises KX-Based Apps Designed to Help Firms Innovate and Grow
FD Technologies, parent of KX and its kdb+ time series database since June 2019, has made a strategic partnership with Microsoft to expand the reach of its KX Insights streaming data analytics platform as organisations look to modernise data infrastructure for real-time decision making. The partnership includes two elements – KX has agreed to work…
Snowflake Acquisition of Streamlit Will Accelerate Data Apps Development
Snowflake has signed a definitive agreement to acquire Streamlit, provider of an open source framework that enables developers and data scientists to build and share data apps quickly and iteratively, without the need to be an expert in front-end development. The company says more than 1.5 million apps have been built using the framework. Following…
The Hokey Cokey Guide on how to Achieve M&A Operational Complexity
By Neil Vernon, Chief Technology Officer at Gresham Technologies. ‘You put your left arm in, your left arm out, in out, in out, you shake it all about’, so say the words of the old party song. It is a similar approach to how financial institutions have merged over the past decade. You put your…