Data Management Insight Data Delivery Platforms, Cloud & Managed Services The latest content from across the platform
SimCorp Integrates Software and Services to Deliver SimCorp One
SimCorp, a subsidiary of Deutsche Börse Group, has introduced an integrated platform for the global buy-side, SimCorp One. The platform includes Dimension, Simcorp’s automated investment management software, and Axioma factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions acquired in a merger late last year. Other elements comprise client communications, the company’s…
Snowflake Expands Toronto Office to Support Growth in Canadian Market
Snowflake has expanded and relocated its Toronto office to support strategic growth in the Canadian market and growing headcount. Located in the city’s business and technology core, the new Toronto office will serve as the company’s Canadian headquarters. Snowflake first opened in Canada in 2022, making Toronto home to one of the company’s five global…
Snowflake Report Says Asset Servicers Are Using Cloud as Agent of Change
Institutional client services (ICS) providers are harnessing cloud-based technologies to develop new capabilities, including artificial intelligence (AI), as they transform their business models to suit a fast-changing global financial system. In a bid to differentiate themselves they are seizing opportunities offered by cloud processing to “take more control over the assets they traditionally entrust to…
GoldenSource Offers SaaS EDM Solutions on AWS Marketplace
Enterprise data management (EDM) technology provider GoldenSource has made a range of EDM solutions available on AWS Marketplace. Financial services companies including hedge funds, asset managers, asset servicers, custodians, banks and brokers can access third-party software, data, and other services on the cloud platform via the New York- and London-based company’s new AWS Marketplace presence….
The Potential and Pitfalls of Large Language Models
By Tony Seale, Knowledge Graph Engineer at Tier 1 Bank. Large Language Models (LLMs) like ChatGPT possess enormous power, stemming from their capability to ingest and compress vast amounts of general information gathered from the web. However, this capability is general rather than tailored to your specific business needs. To effectively utilise these models in…
Institutions Look to Cloud to Meet New Asset Management Data Challenges: Arcesium
Institutional asset managers are looking to cloud solutions as they seek to find economies and streamline their asset management processes. Taking advantage of new digital technology that can help them meet changing client demands in an evolving financial landscape, these firms have been prompted to look to the cloud as creaking legacy infrastructure limits their…
UK and US Agree Collaboration on Testing and Mitigating Risks of AI Models
The UK and US have signed a landmark artificial intelligence (AI) agreement to collaborate on testing and mitigating the risks of AI models. The deal is the first global bilateral agreement on AI safety, bringing together the UK and US governments to share technical knowledge, information and talent on AI safety. The deal was signed…
Alveo Reviews Costs and Use Cases of AI in Financial Data Management
Adoption of AI across financial services is causing a cost shift from operations to technology and data, with 63% of decision makers expecting AI to result in an increase in the cost of data within their organisation. The cost of hardware and software licences is also likely to rise in response to AI, and 50%…
Informatica Takes Intelligent Data Management Cloud to Saudi Arabia
Informatica, a vendor of enterprise cloud data management, has set up its AI-powered Intelligent Data Management Cloud (IDMC) in Saudi Arabia, claiming a first in the kingdom. The provision includes establishing a point of delivery in Riyadh that supports local, scalable, cloud-first data management services. Informatica launched its first regional point of delivery in Abu…
Snowflake Combines Data Collaboration and Privacy in Cross-Cloud Data Clean Rooms
Snowflake has announced general availability of Snowflake Data Clean Rooms that allow enterprises to securely share data and collaborate while preserving data privacy. The solution is designed to help firms achieve business value in the Snowflake Data Cloud and is the result of Snowflake’s acquisition of data clean room technology provider Samooha, which is now…