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Informatica Adds New Features to its IDMC
Data management and integration specialist Informatica has updated its Intelligent Data Management Cloud (IDMC) platform to make it easier for users to utilise artificial intelligence-ready data. The company, which is in the midst of a takeover by Salesforce, said the new release of IDMC includes features across data integration, governance, quality, master data management and…
Acuity in ‘World-First’ Deal to Bring Databricks’ DIP to Clients
Acuity Knowledge Partners’ 650-plus financial services clients will be able to use the Databricks Data Intelligence Platform to automate data-driven workflows and decision making in what the company has described as a “world-first deal”. “Acuity is the first firm of its kind to bring Databricks to market for financial services firms,” said Jon O’Donnell, Chief…
Aumni Acquisition Thrusts CUSIP into Private Markets Space
CUSIP Global Services (CGS) has agreed a deal with data provider Aumni to bring yet more transparency to rapidly growing and economically important private markets. The venerable provider of issuer and asset identifiers will use Aumni’s data, drawn from charter documents for venture capital firms, to create a set of its CUSIP identification codes for…
EU’s AI Act Loads Data Responsibilities on Institutions but also Offers Opportunities
Financial institutions are under pressure to put their data estates in order as the European Union’s artificial intelligence regulation comes into force this week, threatening huge fines for failures to observe its tough rules on the safe and fair use of the technology. Nevertheless, the introduction of stringent measures that will place new compliance burdens…
Alkymi Sees Rapid Growth After Founders Bet Early on Privates and AI
When Harald Collet co-founded Alkymi in 2017, he could see which way the wind was blowing in private and alternative assets, especially their growing interest to traditional capital markets participants. He could also sense the burgeoning demand for artificial intelligence applications within the investment space. And so it was that Alkymi was born almost fully…
AXA, Ardea Implement SimCorp Services for Portfolio and Risk Management
Global insurance giant AXA is to deploy financial technology provider SimCorp’s SimCorp One platform alongside SimCorp Managed Business Services to aid in its portfolio- and risk-management operations. The combination of the two services will give the France-based insurer a “real-time, consolidated view of positions across all entities in the group”, said SimCorp. Similarly, Australian fixed-income…
Valuing Hard-to-Price Securities in Volatile Markets
Valuing hard-to-price securities has long been a complex endeavour for asset managers and institutional investment firms, particularly for OTC instruments and illiquid assets. This challenge is amplified in volatile markets, where obtaining direct, observable prices becomes even more difficult, making accurate valuations a significant issue with serious consequences. To address this, the use of reliable,…
PE Deal Failures Highlight Importance of Private Data, Says JMAN Group
The critical importance of data to the private equity and alternatives markets sector is starkly underlined by an observation from Anush Newman, chief executive and co-founder of JMAN Group. “In the past 18 months, I know of at least 20 acquisition deals that have fallen through because the target companies didn’t have enough data to…
Busy NeoXam Takes Aim at Private Market Data Challenges
It’s been a busy first half for French data and portfolio management technology provider NeoXam, with expansion of its Australian operations, an addition to its management team and strengthened partnerships with established clients. Amidst this busyness has been a focus on providing private-market data capabilities as buy-side firms increase their exposure to alternatives such as…
Uncovering Data Anomalies: 16 Data Observability Solutions for Capital Markets
Financial institutions’ operational resilience depends largely on the integrity of their data and the applications it feeds. The huge volume of data that modern organisations ingest makes this a challenge. The accuracy, completeness and timeliness of critical data can be improved if it is monitored and checked as it moves through increasingly intricate data pipelines…