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Slow to Start, Banks are Buying into ESG Data Companies
Goldman Sachs has become the latest major bank to buy an interest in an ESG data company as lenders worldwide grow their sustainable finance businesses. The New York-based banking giant’s US$75 million investment in building energy management firm Gridpoint follows a number recent similar deals, including last year’s purchase of data-driven ESG fintech platform OpenInvest…
‘Start Early’ Warning as European ESG Regulations Loom
The coming months will be crucial for financial institutions’ preparations for European ESG regulatory compliance, with new rules due to snowball this year prompting warnings that firms should begin locking in their data provisions. Data vendors are responding by unveiling new products to help clients navigate the region’s developing regulatory landscape. But while the piecemeal…
Mining the Value of Data through Agile Data Governance
Agile data governance frameworks are presenting financial institutions with valuable new ways to use their data and respond swiftly to the changing demands placed upon it. They are also offering deeper insights into firms’ own operations, helping them to identify and eliminate emerging risks, shortening time to market and streamlining decision making. While the common…
Alveo Accelerates Data Deployment to Workflows and Applications with Delta Data Integration Capability
Alveo, has extended its commitment to open source technologies with the release of Delta, a data distribution capability. Delta uses the latest cloud latest cloud technologies to accelerate the deployment of market data sets into business user workflows and business applications, and is an integral part of Alveo’s data management suite, which includes Prime data…
Sanctions Against Russia Mean Screening is More Vital than Ever
By Collette Allen, Client Services Director, SmartSearch. Firms should take action to review their due diligence and sanctions screening procedures to avoid falling foul of extensive new and emerging sanctions against Russia. The wide-ranging sanctions imposed so far by Western nations include restrictions against individuals, entities and their subsidiaries, and the introduction of legislation to…
Sustainable Trading Seeks to Lift ESG Performance of Sell-Side and Buy-Side
A new not-for-profit is seeking to establish ways to improve the ESG performance of the trading systems that keep the finance sector humming. Sustainable Trading wants to find best practices for making trading greener and socially more impactful, while also working out ways to benchmark its performance. The initiative, created by UK-based industry veteran Duncan…
ESG Ratings and Scores May be Coming of Age
ESG credit ratings and scores for companies and financial products have come under sharp focus in the past year as the profile of sustainable finance has risen. They form core components of many financial institutions’ asset discovery and risk-mitigation strategies, offering easily digestible assessments of sustainability risks. They also underpin a multitude of indexes that…
Databricks Lakehouse for Financial Services Differentiates with an Open Source, Multi-Cloud Platform Hosting Use-Case Accelerators
Following the release of Databricks’ Lakehouse for Financial Services, Data Management Insight caught up with Junta Nakai, financial services global industry lead, to discuss the details of the open source, multi-cloud platform that includes use-case accelerators, real-time analytics, and AI, and is designed to help financial institutions modernise and innovate their approach to data. The…
ANNA Plans Implementation of Revised ISO 6166 ISIN Standard in February 2023
The Association of National Numbering Agencies (ANNA) will implement the revised ISO 6166 International Securities Identification Number (ISIN) standard on 2 February 2023. The revised standard was published in February 2021 and is designed to bring additional clarity and transparency to the identification and reporting of trades through the use of international standards. Highlights of…
GoldenSource Integrates FactSet Truvalue Labs ESG Data into ESG Impact Product
GoldenSource has integrated FactSet content, including Truvalue Labs ESG data, into its ESG Impact product. The EDM solution provider will also be listed on the Open:FactSet Marketplace, a platform providing data applications and workflow solutions for investment professionals. GoldenSource ESG Impact is positioned to handle interlinked reference data, as well as fundamental and ESG data,…