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RFA Introduces Data Governance as a Service
RFA (Richard Fleischman & Associates) has teamed up with Varonis to provide a data governance solution-as-a-service for the alternative asset sector. The service is subscription based, with monthly costs depending on the number of users, and is available across the US and UK. The data governance service is a response to customer requests and has…
Bloomberg FIGI Finds Favour at U.S. Bank
Bloomberg’s open source Financial Instrument Global Identifier (FIGI) has won favour at U.S. Bank, where it will be used as a primary identifier to report on syndicated loans within collateralised loan obligations (CLOs). The company says other banks – so far unnamed – have adopted the identifier, but highlights the U.S. Bank as the first…
Swift Eases Payments Data Consumption With SwiftRef APIs
Swift has added 12 application programming interfaces (APIs) to its SwiftRef reference data utility with a view to helping financial institutions and corporates automate payment processes by identifying and validating payments reference data in real time using information in SwiftRef. The APIs have been piloted for 18 months and are now market ready. They cover…
New York Data Management Summit: Setting the scene for 2015
A-Team Group kicked off last week’s Data Management Summit in New York City with a review of the company’s Regulatory Data Index by A-Team chief content officer Andrew Delaney and a keynote on the challenges of data management by John Fleming, head of enterprise data governance at BNY Mellon. The A-Team Regulatory Data Index is…
Asset Control Recruits Martijn Groot to Lead Product Strategy Including Data Service Manager
Martijn Groot has left Euroclear and rejoined Asset Control to lead the company’s product strategy. His initial responsibility is Data Service Manager, a product that is designed to help financial institutions improve the timeliness and quality of their market, reference and risk data services. It is also Asset Control’s first significant product release since it…
Eagle Investment Systems Sets Out Growth Plans
Eagle Investment Systems, a subsidiary of BNY Mellon, is planning to build out its Access cloud technology platform with the addition of data centres hosting the solution in Europe and Asia Pacific to an existing data centre in the US. The company expects to open a European facility, most probably outside London, in June 2015…
S&P Capital IQ Stands Ready to Fulfil Regulatory Oversight Committee Requirement for LEI Hierarchy Data
S&P Capital IQ is ready to meet the data hierarchy requirements for Legal Entity Identifiers (LEIs) that are expected to be set out by the Regulatory Oversight Committee (ROC) of the Global LEI System towards the end of this year. The company’s offer is based on existing products and can extend beyond LEI hierarchy data…
Opinion: What Every Global Bank Should Know About Emerging KYC Solutions
Banks must navigate the maze of regulations or face costly fines. Lee Forsyth, Global Lead KYC Consultant at Thomson Reuters, explains there’s a way through with new solutions. No doubt you have noticed our industry is swimming in acronyms: AML, FATCA, UBO, FATF, KYC. This jumbled alphabet mash-up is the perfect symbol of the complex…
Opinion: Chief Data Officers – The Case for the Defence
A large number of financial institutions (FIs) have appointed chief data officers (CDOs) over the past couple of years. I know a few of them and while they come from a wide variety of backgrounds—some technical, some business, some ‘data geek’—they share a common belief that an organization’s data is one of its most important…
Data Management Summit: Finding Solutions to the Data Management Problems of Client Onboarding and KYC
Increasing enforcement of Know Your Client (KYC) regulations and large fines for non-compliance are driving banks to review client onboarding processes and make changes that will not only help them meet regulatory requirements, but also improve the client experience, increase efficiency and reduce time to revenue. The data management challenges of client onboarding and KYC,…