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Capco, Systar Ally for Real-Time Monitoring of Client Lifecycle
Capco and Systar have joined forces to provide financial institutions with real-time and intraday monitoring environments that will sit on top of Capco’s client lifecycle management (CLM) solution. Users will have access to real-time data to monitor their CLM processes. Says Nick Jackson, partner at Capco: “We already have a managed service offering to which…
CounterpartyLink Upgrades Compliance Product for MiFID
CounterpartyLink has upgraded its compliance data product to address the requirements of MiFID and the Third EU Money Laundering Directive, both of which come into effect in November this year. Although each of the new directives has its own specific requirements, there are some common themes around the need to adopt a risk-based approach to…
Rydex Picks AccessDX for Data Management Services
Rydex Investments has selected Access Data Exchange (AccessDX) from Access Data to aggregate and process shareholder data from financial intermediaries that distribute Rydex Funds. Rydex Investments is a financial services company, based in Rockville MD, offering 35 investment products, including sector, benchmark and dynamic funds for a variety of market conditions. Rydex manages $15 billion…
ReferenceDataFactory Unveils Bloomberg Adaptive Client
Data integration vendor ReferenceDataFactory (founded by a team of ex-FTI/GoldenSource people) has launched RDF Adaptive Client for Bloomberg Back Office. The service oriented architecture (SOA)-based solution for integration across Bloomberg Back Office and Per Security is designed to enable standards-based distribution of the data enterprise-wide. This Adaptive Client joins similar offerings for Reuters and Interactive…
PolarLake Implements Packaged Ref Data Distribution Solution
Dublin-based integration vendor PolarLake has packaged up a reference data distribution solution, PolarLake RDD, which has already been deployed by a global asset manager. PolarLake RDD is designed to meet the requirement for the distribution of reference data in sell side, buy side, custodian and fund administration businesses, being implemented alongside solutions from EDM vendors…
Netik Close to Three Deals for Packaged Data Model
Netik is in the final phase of due diligence with three organizations for Netik Data Model Plus, a packaged-up version of the data model on which its Netik InterView data warehouse is based. The new product is aimed at large investment managers and asset servicers that have decided to build their own data warehouses –…
Worried About IBEI and MiFID? Don’t Be… By Georg Eisel, Managing Director, WM Datenservice
As markets coalesce across systems and nations, the financial industry is faced with a new challenge. Thanks to new information technology, products and services are more integrated than ever. EU legislation, such as Basel II, the Transparency Directive and MiFID, is on the increase. It is now incumbent upon the financial industry to come to…
Universal Business Entity Identification: An Impossible Dream? By Ken Price, CEO, Avox
A unique, international business entity identifier (IBEI). What’s so hard about that? We send shuttles into space, perform heart transplants and generate nuclear power. Why do we have such a hard time agreeing on the identity of a mining company in Johannesburg, a drug company headquartered in Basel or a hedge fund in the Cayman…
Swift Gears Up for CIVICs, Nears Selection of Data Partners
As it evaluates third party database solutions and prepares to select a partner or partners to bolster its data gathering and validation capabilities, bank-owned messaging services provider Swift is making progress towards the creation of a directory of collective investment vehicle identification codes (CIVICs) based on the bank identifier code (BIC). However it is resolute…
Telekurs Specifies Reference Data Changes for MiFID Compliance
Telekurs Financial has released further details of the reference data it is adding to its Valordata Feed (VDF) to help its clients comply with MiFID. These details add flesh to the bones of the announcement the vendor made late last year of its plans to address the data requirements of MiFID (Reference Data Review, November…