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Do We Need a Chief Data Officer?
By Steve Young, CEO, Citisoft Recently I had an interesting conversation with a client with regard to where data management belongs within an organisation and whether there is a need for a buy-side firm to appoint a Chief Data Officer (CDO). The client, a very successful mid-range asset management firm, is organised along fairly clear…
Talking Reference Data with Andrew Delaney: A Little Less Talk and a Lot More Action
“Happy is the man … who before he dies, has the good fortune to sail the Aegean Sea” – Nikos Kazantzakis They say a change is as good as a rest, but a rest sure feels good. And so it is I’m back in the Old Smoke, getting to grips with the task at hand:…
Marlin Equity Partners Acquires Asset Control and Sets Plans in Place
Ending an extended period of uncertainty following Markit’s decision to abandon talks about a possible purchase, Asset Control has been sold by Fidelity Ventures to Marlin Equity Partners, another venture capital firm. The deal ends months of speculation about the future of the data management software provider and should bring a measure of certainty to…
Data Consolidation and Quality Remain an Issue in Preparation for Solvency II
Data management continues to be a drag on insurance companies preparing for Solvency II, but not all are falling behind with some using the regulatory mandate to develop data management infrastructure that will drive both compliance and business benefits from investment in Solvency II. Moody’s Analytics’ latest Solvency II practitioner survey, which included in-depth interviews…
Is Big Data Just a Big Distraction?
By Chris Ford, Capcowww.capco.com Everyone is talking about big data. But the hype around the big data concept clouds a clear discussion on the current and actual needs of the financial services sector. The temptation of any new technology is to embrace it and then go looking for a problem to solve. More appropriately, banks…
Talking Reference Data with Sarah Underwood: Getting Ahead in Fund Pricing
Portfolio pricing and net asset valuation (NAV) calculations are top agenda items at many financial institutions as they strive to meet regulatory demands for transparency across pricing sources, models and methodologies, while increasing the efficiency and decreasing the cost of pricing and valuations. Nowhere is this scenario more familiar than at fund administrators facing the…
Tech Mahindra Details Global Data Utility Based on Acquired UBS Platform
Tech Mahindra, a business process outsourcing specialist and parent of London-based investment management technology consultancy Citisoft, has repositioned a reference data platform acquired from UBS Global Asset Management to offer an offshore reference data utility aimed at meeting market demand for lower cost, high quality data that can reduce risk and increase efficiency. The global…
Wolters Kluwer Expands Portfolio of Regulatory Reporting Solutions
Wolters Kluwer Financial Services is expanding its portfolio of national regulatory reporting solutions through an agreement to acquire Svenson, a software suite dedicated to the Austrian market, from SmartStream. Terms of the deal have not been disclosed, but the acquisition is expected to close this summer and will include the transfer of Svenson’s 15 employees…
Talking Reference Data With Sarah Underwood: Getting to Grips with Data Management Development
Enterprise data management has become central to conversations at financial institutions about strategy setting, business development, profitability, risk management, regulatory compliance, technology innovation and more. Yet it remains difficult to itemise and successful solutions are elusive. Some of the conversations concentrate on long-term data standardisation and centralisation, others on data management outsourcing, and many on…
Datactics Launches Suite of Tools to Address Regulatory and Other Data Management Challenges
Datactics has launched a suite of data management tools aimed at helping financial institutions deal with the raft of regulatory requirements now impacting legal entity and other data types, including the new global Legal Entity Identifier (LEI). Datactics is offering a flexible solution that meets the data management needs of any size of financial institution,…