A-Team Insight Blogs The latest content from across the platform
Asset Control Partners with Vitria for Data Dissemination
Business process integration specialist Vitria has formed a partnership with Asset Control. The two companies will develop a joint solution, the Asset Control Integration Module, to facilitate the dissemination of ‘cleansed’ and standardized reference data to multiple systems. The joint product, scheduled for availability in the third quarter of this year, will combine Vitria’s BusinessWare…
Wachovia Licenses Xcitek
Wachovia Corp. has licensed Xcitek CostBasis’s XCB solution to calculate cost allocation factors and tax opinions on corporate actions. XCB is an automated solution for supplying cost basis and tax data. Susan Lane, managing director, securities servicing, Wachovia, says the product is user-friendly and cost effective in supporting the bank’s trust account base. “It provided…
Advent Software and Netik Seal Strategic Integration Alliance
Advent Software and Netik have formed a strategic alliance to integrate Advent’s Geneva and Netik’s InterView V7 software. The combined products will provide fund administrators, prime brokers and global asset managers with an integrated system for investment accounting, data management and reporting. The Geneva software features a single unified data model that supports flexible reporting…
As More Suppliers Join the Reference Data Party, Will Commercial Issues Hijack Industry Debate?
July is upon us, and while visitors to the SIA Show in New York last month were taken aback by some unseasonable rain, everyone is settling down for a long, hot summer. Or perhaps not. Judging by the flow of announcements from vendors in the reference data space, things are not slowing down just yet….
KBC Bank Selects Fame’s ReferencePoint for European Risk Management Project
KBC Bank & Insurance Group has begun to implement a major reference data project using Fame Information Services’ ReferencePoint system. Fame has also been contracted to customise and implement the system under a fixed-price, fixed-delivery-date contract. As part of its risk management strategy KBC, headquartered in Brussels, will be using ReferencePoint to integrate multiple data…
The Interview: Telekurs’ Beat Koch
On the growing recognition of the Swiss vendor’s role as a global reference data provider Mention Telekurs to people of a certain age in the London financial technology business and you’ll quite often find that they have a picture of a second division player in the real-time market data industry. Either that, or the words…
Corporate Actions Survey Shows Increasing Move to Automation
The move towards corporate action automation is gaining momentum as firms come to accept that this is a key area and substantial gains can be made, according to a survey conducted in April and May by CityIQ on behalf of Swift and Smartstream. Over 50% of firms interviewed place greatest reliance on custodians, sub-custodians and…
DTCC Throws Its Weight Behind Corporate Actions Processing
The Depository Trust & Clearing Corporation (DTCC) launch of its Global Corporate Action (GCA) validation service at the beginning of the month will “reinvent the way corporate action announcements are managed” through the elimination of redundant operations and technology. The development of the service could, if widely adopted, spell bad news for some of the…
RDUG’s Legal Identity Identifier Proposal in Review Process
The draft definition for a proposed Legal Entity Identifier (LEI) code has this month been passed to Swift as the next stage in its development towards becoming an industry standard. It is also being considered for adoption into the next release of the FIX protocol, and the U.K. Financial Services Authority is considering endorsing it….
Daiwa Builds Pan-European Data System on FTI’s StreetReference
Daiwa Securities SMBC Europe, has selected the StreetReference product from Financial Technologies International (FTI) as the basis for re-engineering its reference data management environment in Europe. The investment bank will use StreetReference to centralise all European data, including client and securities reference data on a multi-lingual, multi-currency platform. In particular, it will build a common…