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BNY Mellon’s Richmond Talks up Recent Investment in Valuations Capabilities and Importance of Data Centralisation
BNY Mellon Asset Servicing has invested in its client and regulatory reporting systems as a result of valuation and regulatory changes such as FAS 157 and FAS 132R-1, explains Chris Richmond, managing director of global product accounting for the fund administrator, to Reference Data Review. This has involved a significant investment in automating the upload of…
UK FSA Confirms will Require Firms to Publish Consolidated Complaints Data
As part of its drive to compel financial services firms to provide more transparency into their data, the Financial Services Authority (FSA) has confirmed this week that it will require UK firms to publish information on how they handle complaints. According to the regulator, this will help people see how firms are performing in this…
Moody’s Faces Revenue Decline in Data and Analytics Biz, But Uptick in Risk Software for Q4
Although ratings agency and data and risk management solution provider Moody’s experienced a positive end to the year overall in terms of revenues, with a fourth quarter revenue increase of 16.9% on the previous year’s figures, the vendor’s research, data and analytics business was down for the quarter by 1%. The risk software segment, however,…
Informatica Purchases MDM Player Siperian for US$130m
In another example of the recent stream of vendor M&As, data integration software vendor Informatica has snapped up master data management (MDM) solution vendor Siperian for an estimated US$130 million. This adds to Informatica’s acquisition of complex event processing (CEP) software vendor Agent Logic last September and further extends the vendor’s reach into the world…
Netik Addresses Operational Risk and Efficiency for Buy Side Firms
As businesses recover from the financial crisis the necessity for increased transparency, greater risk management and improved reporting saw increased interest in data and data management. Yet 2009 saw operations, IT and data management budgets severely cut with more than one client’s budget being restricted by 60%. Netik recognises the importance of higher quality data…
HSBC’s EDM Head Hinds Departs for Pastures New
HSBC’s data management champion and regular FIMA speaker Sally Hinds is leaving the bank this week after more than four years as global head of EDM of HSBC Global Banking & Markets. Although she has not yet indicated where she will resurface, it is likely she will continue her career in the data management world….
UPDATE: Private Equity Firm General Atlantic Acquires 7.5% Stake in Markit
US-based private equity firm General Atlantic has acquired a 7.5% stake in bank owned pricing and valuations supplier Markit in return for a US$250 million investment in the company. The stake values the rapidly expanding data and post-trade services provider at around US$3.3 billion and has meant General Atlantic CEO Bill Ford has bagged a…
UK FSA Grants Approval to Xtrakter for the Regulatory Reporting of Derivatives Using AII Codes
The UK Financial Services Authority’s (FSA) February deadline for the introduction of the Alternative Instrument Identifiers (AII) is fast approaching and this week the regulator has granted Trax platform operator Xtrakter approval to regulatory report exchange traded derivatives (ETD) using the new identifiers. Jason Waight, Xtrakter’s recently appointed director of product management, explains to Reference Data…
Cadis Poaches Deutsche Bank’s Weber, Linedata’s Willaime, Asset Control’s Meaney and Charles River’s Dobson
Following a year of investment in its flagship solution and the acquisition of compliance software firm C8, EDM vendor Cadis has begun 2010 with a bout of hiring, including poaching a number of executives from rival vendors. The vendor has appointed ex-Deutsche Bank vice president Rob Weber as its new managing director in New York,…
Aim Bags Second Client Win of 2010 with Switzerland’s Finter Bank
Data management solution vendor Aim Software has bagged its second client win of the year this month with Swiss private bank Finter Bank Zurich, which has opted for an application service provider (ASP) version of the vendor’s Gain data management platform. The solution will be deployed as an ASP service via outsourcing vendor SFB’s services4banks…