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ECB Launches Consultation on Guide Urging Banks to Improve Risk Data Aggregation and Reporting
The European Central Bank (ECB) has launched a public consultation covering its Guide on Effective Risk Data Aggregation and Risk Reporting, noting that ‘adequate capabilities in this area are still the exception, and banks have to improve their risk data aggregation frameworks, also in light of the BCBS principles’. Ultimately, banks are expected to step up…
FCA Makes Digital Sandbox Permanently Available, Invites Data Providers to Apply to List Data on the Platform
The Financial Conduct Authority (FCA) will make its Digital Sandbox available permanently from 1 August 2023 following two successful pilots. The aim is to open up the platform to a broader range of innovative businesses, start-ups and data providers. The sandbox is a testing environment that enables the FCA to support firms at the early…
FactSet Acquires Data Management Innovator idaciti
FactSet has acquired idaciti, an innovator in data structuring and collection technology. The acquisition expands FactSet’s multi-year investment program to digitally transform its content collection infrastructure. It also accelerates time-to-market for delivering data sets. Founded in 2015, idaciti applies a taxonomy-first approach to structuring information from company disclosures, regulatory filings, and proprietary document repositories. It…
Recorded Webinar: The evolution of enterprise data management for ESG – managing non-standard and unstructured data
The challenges of sourcing ESG data to meet investment and regulatory requirements are well rehearsed. Managing the data to accelerate sustainability performance is another step forward, with the need to evolve enterprise data management and integrate unstructured and non-standard ESG data. A successful solution typically includes a single, trusted data master based on many sources,…
Decision Makers Turn to Cloud-Based Data Management
Some 59% of senior managers and directors in financial services are using cloud-based data for portfolio management. Additional use cases include risk management, collateral management and internal data marketplaces, according to research commissioned by Alveo and conducted in April among investment managers, asset owners, banks and insurance companies across the UK, US and Asia-Pacific. …
Recorded Webinar: Multi-cloud environments – How to maximise data value while keeping on the right side of privacy and security
Multi-cloud environments have much to offer beyond single-vendor cloud setups, including the benefits of access to a variety of best-in-class cloud solutions, opportunities for price optimisation, greater flexibility and scalability, better risk management, and crucially, increased performance and availability. On the downside, multiple cloud vendors in a technology stack can cause complexity, more vulnerabilities, and…
Alveo DIY Data Modelling Supports Faster Onboarding of New Data Sources
Alveo has responded to market demand for reduced cost of change and faster turnaround when onboarding and operationalising new content in areas such as pricing, security master, ESG, and corporate actions, with new data modelling and onboarding capabilities in its Ops360 platform. The capabilities allow data analysts to graphically model, onboard and maintain new data…
Crux Expands Data Partnership with Databricks
Crux, a data integration, transformation, and observability solution, has expanded its partnership with Databricks by adding pre-integration services to its existing Partner Connect integration. The company has worked with its data provider network to make a total of 75 data sources available for consumption in the Databricks Marketplace. With this expansion, a large number of…
Canoe Adds Apliqo Performance Management and Business Planning to Partner Programme
Canoe Intelligence, a provider of alternative investment processes for institutional investors and wealth managers, has added Apliqo, a software provider of advanced performance management and business planning to its partner programme. Based in Zurich, Apliqo offers LP Portfolio Management, an intuitive and dynamic analytics platform for private market investors. Using Canoe’s open APIs, Apliqo pulls…
Confluence Sets Out on AI Journey with Reconciliation Solution
Confluence Technologies, a technology solutions provider to the investment management industry, has announced the first development from its innovation lab that leverages AI technology to solve complex industry problems. Confluence Unity Rex applies large language models (LLMs) to solve reconciliation challenges from the SEC’s Tailored Shareholder Reports (TSR). It mines and pinpoints discrepancies in language…