A-Team Insight Blogs The latest content from across the platform
Swift Confirms Plans for BIC in Business Entity Identifier Space
Following months of industry speculation about whether it had dropped the idea altogether, Swift has finally confirmed its plans for the Bank Identifier Code (BIC) in the area of business entity identification. Swift indicated at the start of the year that it was reviewing the business case for introducing an international business entity identifier (IBEI)…
DTCC to Spearhead XBRL and ISO Semantic Interoperability Drive
Following the announcement last month that the Securities and Exchange Commission (SEC) has issued rules requiring large publicly held US companies to adopt extensible business reporting language (XBRL) for their financial reporting, the Depository Trust & Clearing Corporation (DTCC) has released plans to spearhead a campaign for semantic interoperability between XBRL and ISO message types…
Siperian Appoints Jagannathan and Roggensack to Senior Management
Siperian has appointed Ravi Jagannathan as vice president of product management, responsible for identifying requirements for new and existing products, and Randy Roggensack as vice president of North American sales. Prior to his appointment at Siperian, Jagannathan was head of product management at Kickfire, a startup company that builds next-generation database appliances. Prior to Kickfire,…
STP and Operational Efficiency are Main Drivers for Investment in Reference Data, Say RDR Readers
According to a poll of Reference Data Review’s readers, the main driver for investment in reference data management projects is an increase in straight through processing (STP) and operational efficiency. The poll, which was sponsored by Syn~ from Coexis, indicates that despite the rumours of its ‘death’, STP is still very much a concern in…
Carne Launches Hedge and Traditional Fund Valuation Best Practices Product
Fund management advisory firm Carne Global Financial Services has launched its Hedge & Traditional Fund Valuation ‘Best Practice’ Product, which is aimed at assisting hedge fund, private wealth and traditional asset managers in following valuation best practice across all asset classes and products. Carne Global claims that these best practices will help fund managers to…
Siperian and GalaxE.Solutions Partner for Employee Master Solution
Business process and decision support systems vendor GalaxE.Solutions and master data management (MDM) platform vendor Siperian have entered into an partnership agreement under which GalaxE.Solutions will be a provider of an employee master solution enabled by Siperian MDM Hub. According to the firms, the enterprise business alliance agreement will help companies quickly deploy the employee…
Pictet & Cie Picks Interactive Data for Bond Evaluations
Swiss private bank and asset manager Pictet & Cie has selected Interactive Data’s pricing and reference data business to provide bond evaluations. Prior to the migration of Pictet’s core banking system, Interactive Data provided its bond evaluations service via a third party. Pictet now uses the Avaloq Banking System in conjunction with Gain Data Management…
IBM Data Governance Council Ponders the Future of Data and Plans to Establish Best Practices
The IBM Data Governance Council, which was set up three years ago by IBM and comprises 50 financial market firms, is currently discussing establishing best practices for the industry on how to manage critical financial data. The council plans to build what it calls an “information governance framework”, which will be based on their existing…
Aim Software, FISD and Interactive Data Launch Reference Data Management Survey
Aim Software, FISD and Interactive Data have launched their fifth international reference data management survey, which aims to find out the challenges and trends in this sector over the next year. The survey, which being carried out jointly by Aim Software and FISD and being sponsored by Interactive Data (Europe), is now available online on…
US Fed and SEC Ratify Data Sharing Agreement
Following months of discussions, the US Federal Reserve and the Securities and Exchange Commission (SEC) have finally signed a formal agreement that explicitly allows for the two agencies to share information about the inner workings of investment banks. According to the memorandum of understanding, the SEC will provide the Fed with “information and analysis regarding…