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Why it’s time to stop debating cloud in capital markets
By Mark White, Senior Manager – Financial Markets and Fintech, Telehouse. It’s a well-known fact that the finance sector has historically been hesitant in its adoption of cloud computing technology. Over the years, we have seen financial institutions struggle to define their cloud strategy, resulting in organisations not achieving objectives and delaying further attempts at…
Contour extends use of LEI to inclusion in trade finance network
Contour, a digital trade finance network, has partnered the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of Legal Entity Identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI. By adopting the entity identifier, Contour’s members will benefit from increased confidence among their trading counterparties, lower…
Kaiko and Bloomberg Promote Standards for Digital Asset Markets with Release of Financial Instrument Global Identifiers for Crypto Assets
Kaiko, a cryptocurrency market data provider, is bringing Bloomberg’s Financial Instrument Global Identifier (FIGI) into play as a means of identifying crypto assets and enabling greater interoperability between industry participants including digital asset exchanges, data aggregators, custodians, service providers and regulators. The companies’ first move is the release of a batch of FIGIs for all…
Martin Currie Investment Management Implements CuriumEDM for ESG Data Processes
Martin Currie Investment Management has completed the first phase of implementing Curium Data Systems’ CuriumEDM, which includes a focus on gathering, mastering and quality control of Environmental, Social and Governance (ESG) data sets. The investment manager has offered sustainable long-term investing for some years, with ESG analysis embedded in its investment process. CuriumEDM provides data…
New Change FX Selects EOSE to Strengthen Distribution of Crypto Data
New Change FX (NCFX), an authorised benchmark calculation agent regulated by the FCA, has expanded its relationship with EOSE to strengthen distribution of its crypto data offering. EOSE, a specialist in commoditising data assets, will provide NCFX with a team of expert data sales and business development professionals, allowing NCFX to concentrate its resources on…
Alveo and Cognizant Collaborate on ESG Data-as-a-Service Solution
Alveo and Cognizant have collaborated to offer an Environmental, Social and Governance (ESG) data management solution for financial services firms. The solution comprises data operations and technology services from Cognizant that will support the implementation and management of an ESG Data-as-a-Service solution from Alveo. The aim is to allow firms to operationalise ESG data, integrate…
LSEG Selects FINBOURNE Platform to Power Wealth and Investment Solutions Businesses
London Stock Exchange Group (LSEG) has selected FINBOURNE Technology’s LUSID Software-as-as-Service (SaaS) investment data management platform to power its wealth and investment solutions businesses. LUSID will be an element of LSEG’s digital and cloud programme, and will provide a scalable and virtual real-time data repository that can consolidate multi-asset class data across the businesses. LSEG…
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…