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Snowflake Plans Acquisition of SnowConvert to Speed Up Migration of Databases to Data Cloud
Snowflake has signed a definitive agreement to acquire SnowConvert from Mobilize.net. SnowConvert provides tools to support efficient migration of databases and apps to Snowflake’s Data Cloud. A key challenge of platform migration is the code conversion required to ensure all legacy database functionality can be moved to the cloud with minimal time and effort. The…
FINBOURNE Technology Plans Growth on Back of £30 Million Debt Facility
FINBOURNE Technology plans to extend the reach of its SaaS-native data management platforms, and build out global capacity and capability, following a partnership with Kreos Capital to secure a debt facility of up to £30 million. The funding is an extension of FINBOURNE’s Series A round in April 2021. Headquartered in London, FINBOURNE was founded…
Recorded Webinar: Solving the operations talent crisis
With financial services in the grip of the Great Resignation, operations – a function which has always found recruitment and retention of talent difficult – is facing challenging times. Business growth is a must, but with scaling comes the cost and complexity of additional headcount. How can you ensure that these constraints don’t hold your…
DTCC Sets Out Four Hypotheses on Future Use of Data and Data Management
The Depository Trust & Clearing Corporation (DTCC) has detailed four hypotheses that will drive how data is used in financial markets in the future – data will be more accessible and secure, interconnected data ecosystems will emerge, there will be more capacity to focus on data insights, and open source data standards will become ubiquitous….
Alveo Extends ESG Data Provision with Integration of ICE Company Data and SFDR Analytics
Alveo has integrated Intercontinental Exchange’s (ICE’s) ESG Company Data and SFDR analytics into its Prime data management solution. Integrated content includes the Principal Adverse Indicators (PAIs) of the EU’s Sustainable Finance Disclosure Regulation (SFDR), EU Taxonomy data, as well as hundreds of additional data points on the ESG profile of companies. Alveo also partners with…
Alveo Plans Acceleration of New Products Following Investment from Symphony Technology Group
Alveo is changing hands again after reaching a definitive agreement to receive a majority investment from Symphony Technology Group (STG), a private equity partner to companies in data, software, and analytics. Alveo expects the STG investment to accelerate roll out of new products, further developing its managed data services and Data-as-a-Service offerings. The STG investment…
S&P Global Expands KY3P with Acquisition of TruSight Solutions
S&P Global has acquired TruSight Solutions, a provider of third-party vendor risk assessments. The acquisition will be combined with KY3P by S&P Global and integrated into the Market Intelligence division. Know Your Third Party (KY3P) was initially a Markit initiative acquired by S&P Global with the company. TruSight was founded by a group of financial…
FactSet Integrates Coin Metrics Digital Assets Data into Asset Management Solutions
FactSet is collaborating with Coin Metrics to integrate the latter’s digital assets data across its solutions for asset management, wealth management, and research. The aim is to support client needs to analyse digital instruments as part of multi-asset class portfolios. Additionally, the collaboration adds digital assets sector coverage to FactSet’s StreetAccount news service. The companies…
How to Solve the Operations Talent Crisis
Is your organisation short of operations staff and finding it difficult to boost numbers? If it is, you are not alone, with financial services firms in the grip of the Great Resignation and job seekers casting a more favourable eye over creative business opportunities than back-office operational roles. Still more, is business growth at your…
LSEG and Reuters Extend Financial and Market News Services for LSEG Customers
LSEG and Thomson Reuters have extended their long-term partnership on news and information with a number of shared commitments designed to enhance the value of financial and market news services offered to LSEG customers. The companies’ partnership started in 2018 and makes LSEG the exclusive distributor of Reuters news to the financial community under a…