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Lack of Digital Skills and Maturity Restrict Transformation in Financial Markets
Data management functions in the finance sector, such as data collection, integration, and automation, are constrained by a severe lack of digital skills and maturity, despite leadership awareness of the importance of an effective data strategy. While a lack of skills is widely acknowledged across capital markets, a report from Encompass, a provider of automated…
FSB and IMF Report on G20 Data Gaps Initiative
The Financial Stability Board (FSB) and International Monetary Fund (IMF) have published their Sixth Progress Report – Countdown to December 2021 on the implementation of the Second Phase of the G20 Data Gaps Initiative (DGI-2). The report highlights significant progress in closing identified policy relevant data gaps during phases 1 and 2 of the Data…
Etrading Releases Digital Token Identifier Registration Service, Initiates Use of Standards Across Digital Token Asset Class
Etrading Software has started Digital Token Identifier (DTI) registration following go live of the DTI registry in July 2021 and recent publication of the ISO standard for digital assets, ISO 24165. With the standard in place, early work by the registry includes coverage of the top 100 cryptocurrencies by market capitalisation – ultimately, all digital…
Scotiabank Partners Google Cloud to Accelerate Global Data and Analytics Strategy
Scotiabank has made a strategic partnership with Google Cloud to increase the bank’s cloud-first commitment and accelerate its global data and analytics strategy. As a Scotiabank trusted cloud partner for data and analytics, Google Cloud will help create a more personal and predictive banking experience for Scotiabank customers in the Americas and across the globe….
Monetary Authority of Singapore Plans Shared Data Platform to Combat Money Laundering
The Monetary Authority of Singapore (MAS) plans to introduce a digital platform and enabling regulatory framework that will allow financial institutions to share data on customers and transactions with the aim of preventing money laundering, terrorism financing, and proliferation financing – a means of raising, moving or making available financing, funds, assets or other economic…
Recorded Webinar: Best practices for metadata management
Metadata has become central to financial firms as a means of enriching, discovering and effectively using both business and technical data. Its management is equally important, particularly in capital markets applications such as data lineage and data governance, which require a clear view of data and its provenance, and the ability to scale and support…
IHS Markit Connects Corporate Actions Solution to DTCC ISO 20022 Messaging Platform to Improve Process Automation
IHS Markit is aiming to simplify and automate corporate actions by connecting its Corporate Action SaaS solution to DTCC’s ISO 20022 messaging platform. The connection will provide direct delivery of corporate actions ISO 20022 formatted messages from the DTCC platform to the IHS Markit solution, giving DTCC users improved straight through processing for corporate actions….
The Increasing Importance of Data Management for Financial Firms of All Sizes
By Keith Bunnell, Global Head of Data Management Services, Bloomberg. Information has always been the lifeblood of the financial industry. A money manager with more data that provides real insights will have an edge over its competitors. That isn’t new. What is new is the amount of data and the types of data that are…
Euromoney TRADEDATA Integrates EDI DerivActions to Offer Futures and Options Corporate Actions Service
Euromoney TRADEDATA has integrated Exchange Data International’s (EDI) DerivActions feed into its ViewXone service to provide a futures and options corporate actions solution. The integration extends a long-running collaboration between EDI and Euromoney TRADEDATA, and provides, according to Euromoney TRADEDATA managing director Mark Woolfenden, ‘an important part of the trade workflow that has been underserved…
EDM Council Publishes Cloud Data Management Capabilities Framework
The EDM Council has published a Cloud Data Management Capabilities (CDMC) framework that includes a comprehensive set of data management capabilities, standards and best practices for cloud, multi-cloud and hybrid-cloud implementations. It also incorporates automated key controls to protect sensitive data. The framework is available as a free license to EDM Council members and non-members,…