A-Team Insight Blogs The latest content from across the platform
Bank Austria Creditanstalt Licenses Fitch Risk’s OpVantage First Database for Operational Risk
Bank Austria Creditanstalt has subscribed to Fitch Risk’s OpVantage financial institutions risk scenario (First) trend database. First contains 4,500 case studies of operational risk loss events. It is aimed to helping financial services firms to determine and manage their exposures. BCCA plans to use First in its self-assessment process for operational risk. Fitch Risk is…
Mark-It Partners Secures Nine More Partner Investors
Mark-It Partners, the cleverly named credit data supplier, has received equity commitments from nine more of its data contributors, bringing to 13 the total number of institutions contributing both data and cash to the business. The latest commitment means that all founding contributors have now exercised options to invest in the company. Mark-It intends to…
Checkfree Names Three to Sell Heliograph Product Set
Following its recent acquisition of Heliograph, Checkfree has named three new sales executives charged with expanding the new unit’s suite of financial messaging products. Aaron Overy joins as sales associate with responsibility for the TradeFlow TPM system. His background includes stints at ABN Amro, Thomson Financial, Primark and BITA Plus, now Cor Risk Solutions, part…
Iris Financial Engineering Hires Strategy, BizDev Execs Following $11 Million Infusion from Apax Partners
Fresh from last quarter’s completion of an $11 million investment from Apax Partners, Iris Financial Engineering has named three senior executives in strategy and business development. Aviv Handler joins as vice president of product strategy from KW International, where he was involved in product strategy and business analysis. Prior to KW, Handler was product manager…
Capco Gets $15 Million Funding For Reference Data Solutions
Capco, which famously split last year from its Synetix reference data joint venture with Reuters, has secured $15 million of funding. The deal has been done with existing investors, including Thomas Weisel Capital Partners, which is in for $10 million, Capco Foundation, Edgewater Private Equity Fund, GIMV, Hewlett-Packard and LJH Private Capital. Capco says the…
Tabb Group Report Cites Critical Role of Reference Data
Underscoring A-Team Consulting’s own research in this area, Tabb Group’s new report on the future of trading-related technology, points to reference data’s critical role in achieving the much-vaunted goal of straight-through-processing. Tabb describes external STP as “moribund” post September 11 and the demise of the GSTPA. However, the report – published last month and entitled…
The Big Boys Start to Circle the Wagons
In every segment of the financial information technology space, there comes a time when the success of the grass roots specialist vendors comes to the attention of the bigger umbrella suppliers of IT services and applications. That moment may be in the process of coming very early to the area of reference data. The past…
IBM Gets Serious About Reference Data Through Purchase of Dresdner Platform, Outsourcing Deal
IBM’s deal last month with Dresdner Bank of Germany seems to give some teeth to the IT services company’s approach to reference data management after talking about the segment for quite some time. The agreement also gives IBM a pricing database and management tool for risk and regulatory reporting – code-named Project Greenwich – to…
FIMA Event Delivers on Promise of Broad View of Reference Data
The Financial Information Management conference (FIMA 2003) held in London at the beginning of this month held much promise for executives anxious to learn about the intricacies of reference data and the benefits of its application. It didn’t disappoint. Speakers from ABN Amro, Barclays Capital, Robeco Asset Management, Merrill Lynch, the U.K. Financial Services Association…
FT Interactive Data Keen to Put SEC Pricing Slap Behind It
Financial Times Interactive Data (FT Interactive Data) will be anxious to dispel any industry disquiet caused by its settlement this month with the U.S. Securities & Exchange Commission (SEC). FT Interactive Data was named in the SEC’s civil fraud action against mutual fund company Heartland Advisers, allegedly for allowing Heartland to influence FT Interactive Data’s…