Data Management Insight Data Delivery Platforms, Cloud & Managed Services The latest content from across the platform
Nice Actimize Moves Financial Crime Fighting to the Cloud
Financial crime and compliance giant Nice Actimize this month launched its brand new Xceed AI cloud-native platform, which it claims will revolutionise AML and fraud prevention for financial services by accelerating their cloud and digital transformations. The new solution integrates AI, data intelligence, behavioural analytics, and insights within a unified cloud platform designed for a…
OneTrust Launches Schrems II Solutions After Landmark EU Judgement
The landmark decision in July from the Court of Justice of the European Union (CJEU) on Schrems II has changed the way that organisations must manage personal data transfers – creating a whole raft of new challenges that firms must urgently address. To legally transfer personal data from the EU to a third country, it…
Snowflake to Go Public in Latest Cloud Twist
Snowflake Computing, one of the rising stars in the cloud firmament, on Monday this week filed for an IPO – heralding one of the most exciting public offerings in the tech space this year. The move marks a growing shift towards the cloud, exacerbated by the unique working conditions imposed by Covid-19, that has seen…
SimCorp Selects Microsoft Azure for its Move to the Public Cloud
Investment management solutions specialist SimCorp took the next step in its cloud migration this week, with the integration of its investment management platform with Microsoft Azure, the cloud computing platform with which Microsoft is hoping to win its ongoing Infrastructure-as-a-service (Iaas) battle against Amazon AWS and Google Cloud. The rapidly growing Iaas market, estimated by…
AI-Powered Data Extraction from Clearwater Analytics
Clearwater Analytics, a Software-as-a-service (Saas) buy-side data aggregation and portfolio reporting specialist, this week launches a new machine learning-based information extraction service. The data extraction solution focuses on data aggregation and normalization, drilling into transactional data to create a service that automates the ingestion of many types of data which are traditionally manually entered. The…
EDM Council Launches Cloud Data Management Work Group
Data management trade association the EDM Council this week launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group, with participation from players including Amazon Web Services (AWS), Google Cloud, IBM Cloud, and Microsoft Azure, as well as over 20 prominent financial industry firms. Co-chaired by Morgan Stanley and Refinitiv, project management is provided…
FeedStock Joins Red Hat Container Ecosystem
AI-driven data analytics platform Feedstock has completed Red Hat Container certification for its FeedStock Connector and has been published in the Red Hat Ecosystem Catalog. The certification enables FeedStock to use Red Hat’s container registry and deploy Red Hat certified containers in FeedStock’s client environments, enabling frictionless deployment at scale of its automated data management solutions….
ESMA Affirms Importance of Data-Driven Strategy for EU Digital Finance Initiative
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a new digital finance strategy for the European Union (EU), in which it reiterates the crucial importance of a data-driven financial services sector. Benefits of digitalisation, according to ESMA, would include increased speed,…
Volker’s Rules: What’s the Current Deal with Exchange Data Fees?
By Volker Lainer, VP Product Management, GoldenSource. Last week, the SEC and the US Justice department dotted the i’s and cross the t’s on an agreement that will lead to greater scrutiny of the fees charged by stock exchanges for market data. The move represents the latest attempt to try and resolve a long running…
ITRS Group to Save Firms 35% on Cloud Spend with ‘Right-Sizing’ Solution
While Covid-19 is forcing many firms to make massive cutbacks to staff and resources, the majority are unknowingly wasting around 35% of cloud spend at any one time thanks to a lack of oversight over their increasingly complex cloud estates. This equates to $80 billion of total global cloud spend down the drain every year…