Data Management Insight Brief
ICE and Blockstream Add Cryptocurrency Options Data to Crypto Data Feed
Intercontinental Exchange (ICE), a provider of data, technology and market infrastructure, and Blockstream, a provider of blockchain technologies and financial cryptography, have added cryptocurrency options data to the Cryptocurrency Data Feed launched by the partners in 2018 and offered via the ICE Consolidated Feed.
The Cryptocurrency Data Feed is designed to enable ICE Data Services’ customers to receive global market data in a streaming feed with comprehensive cryptocurrency information. It includes data on over 100 cryptocurrencies from more than 30 globally sourced venues and exchanges. As part of ICE’s exclusive agreement with Blockstream, ICE offers extensive coverage of prices and order book data for cryptocurrencies by exchange.
Digital Token Identifier Foundation Join FCA Digital Sandbox
The Digital Token Identifier Foundation (DTIF) created by Etrading Software to provide ISO standard identifiers for digital assets has joined the Financial Conduct Authority’s (FCA’s) Digital Sandbox. The DTIF has been onboarded as a data supplier, with Denis Dounaev, Digital Token Identifier (DTI) product owner recognised as a mentor under the Digital Sandbox Programme.
As Registration Authority for the ISO 24165 standard, the DTIF’s mission is to provide the golden source reference data for the unique identification of digital tokens. DTI use is recommended under the EU’s DLT Pilot Regime and has been proposed by ESMA for crypto-asset identification under MiCA. The DTI Registry includes technical attributes for over 1,800 digital tokens. The data provided by the DTI Foundation to the Sandbox is an accurate representation of all data currently captured by the DTI Registry.
AWS Expands Amazon Bedrock to Give Users a Choice of LLMs for Generative AI Apps
AWS has announced innovations to Amazon Bedrock that expand Large Language Model (LLM) choices and deliver powerful capabilities making it easier for customers to build and scale generative AI applications customised to their business. Amazon Bedrock is a fully managed service that offers easy access to LLMs and other foundation models from AI21 Labs, Anthropic, Cohere, Meta, Stability AI, and Amazon.
Acknowledging that one model is not ideal for every use case as models vary across capabilities, price, and performance, AWS developed Bedrock to give customers easy access to a variety of model choices so they can try out different models, switch between them, and combine the best models for their needs. Building with, and moving between, LLMs is achieved using an API call.
Informatica and MongoDB Partner to Offer Cloud-Native Data-Driven Applications
Informatica, a cloud data management provider, has made a new strategic partnership with MongoDB. The partnership enables customers to create a modern class of cloud native, data driven, industry tailored applications powered by MongoDB Atlas and fed with data from Informatica’s AI-powered MDM solution.
“We already leverage the performance and scale of MongoDB Atlas within our cloud-native MDM SaaS solution, so this partnership is a natural next step,” says Rik Tamm-Daniels, group vice president of strategic ecosystems and technology at Informatica. “As a strategic MDM partner of MongoDB, we can help customers consolidate and sunset multiple legacy applications and bring in cloud-native ones built on a trusted data foundation.”
Snowflake Adds Market Operations in Colombia
Snowflake has officially launched market operations in Colombia as it focuses on expanding its customer base in the county and across Latin America. The Colombia base adds to more than 40 Snowflake offices across 19 countries and will be led by Ernesto Serrano, country manager for Colombia. The company plans to build on the professional services team already located in its Colombia office and expand hiring to focus on sales and customer support.
Companies using Snowflake in Colombia include Belcorp, a provider of personal care products, which uses Snowflake to make near real-time business decisions on pricing, sales and inventory; and Juan Valdez, a Colombia-based multinational coffee retailer, which uses Snowflake’s secure data exchange to centralise and analyse data from its stores in more than 500 outlets and offer better and more personalised experiences for users.
Boston Partners Goes Live with Rimes Matrix Investment Management Platform
Boston Partners, a provider of equity strategies, has gone live with Rimes’ Matrix investment management platform as its enterprise data warehouse. The initiative has enabled Boston Partners to streamline its data management operations and integrate data from multiple sources for enterprise reporting, business intelligence, historical retention, and distribution to downstream consuming systems.
The initiative started in January 2023, with the platform going live on 1September 2023. The rapid implementation was orchestrated to ensure a seamless transition, avoiding disruption to day-to-day business operations. More recently, Boston Partners has extended its relationship with Rimes to rely on its ongoing maintenance of the platform and delivery of a constantly improving managed service.
FSB Adds Bank of Communications to 2023 G-SIBs List, Drops Credit Suisse and UniCredit
The Financial Stability Board (FSB) has published its list of 2023 global systemically important banks (G-SIBs) using end-2022 data and applying the assessment methodology designed by the Basel Committee on Banking Supervision (BCBS).
One bank, China’s Bank of Communications, has been added to the list of G-SIBs that were identified in 2022, and two banks, Credit Suisse and UniCredit, have been removed. The overall number of G-SIBs has decreased from 30 to 29.
FSB member authorities apply requirements to G-SIBs that are higher, in terms of additions to the minimum standards that apply to all internationally active banks under the Core Principles of the BCBS. These requirements include a higher capital buffer, total loss-absorbing capacity, resolvability, and higher supervisory expectations.
A new list of G-SIBs will next be published in November 2024.
KX Releases KDB.AI Server for Enterprise Scale Generative AI
KX, a provider of vector and time-series data management, has announced general availability of KDB.AI Server, a highly-performant, scalable, vector database for time-orientated generative AI and contextual search. Deployable in a single container via Docker, KDB.AI Server offers a smooth setup for various environments, including cloud, on-premises, and hybrid systems, allowing businesses to quickly adopt and use its AI capabilities without complex setup processes.
Built to handle high-speed, time-oriented data and multi-modal data processing, KDB.AI Server handles both structured and unstructured enterprise data and enables developers to bring temporal and semantic context and relevancy to AI-powered applications. The server is also optimised for Retrieval Augmented Generation (RAG) patterns, which ensures that, rather than continuously training or fine-tuning Large Language Models (LLM), developers can bring data relevancy to their prompts delivering better accuracy, lower cost, and less need for GPUs.
Immuta Integrates Data Security Platform with Amazon S3 Access Grants
Data security specialist Immuta has made a native integration between its Data Security Platform and the object storage service Amazon Simple Storage Service (Amazon S3). The integration provides customers with streamlined data access control and security across storage and compute platforms using Amazon S3 Access Grants, a new Amazon S3 access control feature that enables customers to manage data permissions at scale for user identities managed by corporate directories.
With the Immuta platform and Amazon S3’s Access Grants, users can centralise access control management and use attribute-based access controls to grant permissions for objects in Amazon S3 storage. Immuta builds on Amazon S3 controls, increasing efficiencies with fewer policies and lower manual effort, reducing operational costs and opening new revenue streams.
“Amazon S3 access control is paramount due to the sheer amount of data that moves through the service,” says Steve Touw, Immuta chief technology officer. “Immuta helps simplify data access and security for data stored in Amazon S3 so users can more safely leverage that data for analytics and AI initiatives. This, paired with Immuta’s ‘write once, apply everywhere’ policy approach, helps customers democratise and increase data usage while still adhering to global regulations.”
Yotascale Brings Yota AI Assist Cloud Cost Management Solution to Market
Palo Alto, California based Yotascale, a specialist in cloud cost management in digital organisations, has brought Yota AI Assist to market with the claim that it is the first FinOps copilot powered by Generative AI. Yota AI Assist continuously analyses AWS, Azure, GCP, Snowflake, Datadog, Databricks and other infrastructure costs providing insights and optimisation recommendations for each manager based on their objectives and role, keeping it high level if you are the CFO and making it detailed if you are an engineer.
The solution is based on Yotascale’s extensive industry domain knowledge in cloud cost management and total platform engineering cost management. Asim Razzaq, CEO of Yotascale, says: “Our goal was to supercharge FinOps and platform engineering teams with cloud spend intelligence, so they never again experience the anxiety of feeling like costs are out of control, with no path to bring them down.” Or as one user put it: “This is really good because you don’t need to click click click, just ask a question.”