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Erste Group Extends Relationship with Asset Control
Erste Group Bank has extended its use of Asset Control’s AC Plus data management platform to support the regulatory requirements of Packaged Retail Investment and Insurance-based Investment Products (PRIIPs) and Markets in Financial Instruments Directive II (MiFID II). The bank, one of the largest financial institutions in Central and Eastern Europe, initially implemented an Asset…
Big News at Thomson Reuters with Acquisitions of Avox and Clarient
We’ve heard rumblings in the market about a potential sale of Avox and now, ending months of speculation, Thomson Reuters signing not only a definitive agreement to acquire DTCC’s Avox, a supplier of legal entity data, but also an agreement to acquire Clarient, the industry-backed Know Your Customer (KYC) and client reference data platform that…
Thomson Reuters Builds Out Regulatory Change Management Offer
Thomson Reuters’ release of Regulatory Change Management is designed to help financial institutions harmonise their approach to regulatory change and compliance, mitigate risk and reduce administrative costs. The introduction of RCM follows Thomson Reuters’ acquisition of UK-based regulatory technology provider Empowered Systems in March 2016. RCM is offered on Thomson Reuters’ Connected Risk platform and…
Advanced Logic Analytics Discusses Proposals for Compliance and Trading
Advanced Logic Analytics (ALA) plans to meet the data management requirements of regulatory compliance and the trading need for predictive, behavioural and emotional analytics with OneLogic, an analytics platform designed to process and analyse structured and unstructured data big data in real time. We caught up with ALA managing director, Nick Ellis, just a week…
MiFID II Best Execution Presents Challenges and Opportunities
Markets in Financial Instruments Directive II (MiFID II) raises the bar on best execution, presenting significant data management challenges, but also opportunities to use best execution data to gain competitive edge. Where MiFID required investment managers to show they had taken ‘reasonable’ steps to demonstrate best execution, MiFID II requires ‘sufficient’ steps, suggesting a more…
Privitar Provides Products to Meet Data Privacy by Design Requirements of GDPR
Privitar is meeting the privacy by design and default principles of General Data Protection Regulation (GDPR) with innovative data privacy solutions that play not only into regulatory compliance, but also into gaining greater value from data, particularly big data. The company’s approach to GDPR data privacy requirements is based on risk mitigation provided by two…
Blockchain: Are we nearly there yet?
By Joshua Satten, Director of Business Consulting, Sapient Global Markets Recently, I led a panel discussion on blockchain case studies at the Securities Industry and Financial Markets Association (SIFMA) Asset Managers Forum in New York. The panel presented diverse perspectives on the current state of blockchain across the financial industry with representatives coming from State…
Markit EDM Lays Out 2017 Roadmap
Markit EDM, the enterprise data management (EDM) business of Markit that merged with IHS in July 2016, has laid out its roadmap for 2017 including functional expansion of its EDM platform and a focus on delivering improved data visualisation to business users. Working with IHS, a provider of proprietary information, analytics and solutions to a…
The Reference Data Utility Handbook
The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted…
Nascent Exchange IPSX Implements GoldenSource Cloud EDM Platform
The International Property Securities Exchange (IPSX) is working with GoldenSource to implement the software vendor’s cloud-based enterprise data management (EDM) platform ahead of its planned launch towards the middle of this year. The exchange still needs approval from the Financial Conduct Authority, but expects to be the first regulated exchange dedicated to the admission and…