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DTCC Details Lessons Learnt and Best Practice Approaches Resulting from its Cloud Adoption Journey
DTCC has highlighted the challenges and opportunities of its cloud adoption journey in a white paper published today and designed to help financial institutions take best practice approaches to cloud implementation. The paper, Cloud Technology: Powerful and Evolving, is authored by the company and recognises financial firms’ ongoing move to the cloud in search of…
Bloomberg Adds Credit Benchmark Data
Bloomberg will make Credit Benchmark’s credit risk data, derived from risk views of large financial institutions, available on the Bloomberg Terminal and to license for enterprise use cases. The anonymised consensus data adds to existing credit risk datasets and risk indicators, providing complementary content to help market participants assess the credit quality or risk of…
Finastra Focuses on High Speed App Innovation with Fusion Data Cloud Platform
Finastra, one of the world’s largest fintechs following the merger of D+H and Misys back in 2017, has released Fusion Data Cloud, a next-generation data platform that allows fintechs to develop innovative data solutions at speed, and financial institutions to take advantage of technologies including AI, machine learning (ML) and business intelligence (BI). Fusion Data…
FINOS and Goldman Sachs Release Legend Open Source Data Management Platform
In pursuit of data collaboration and standardisation across capital markets, the Fintech Open Source Foundation (FINOS) and Goldman Sachs have released Legend, the bank’s flagship data management and data governance platform. The source code for five of the platform’s modules is available from FINOS. Goldman Sachs contributed its PURE logical modelling language and Alloy platform…
Xenomorph Moves from Product to Solution Sales, Drops TimeScape Brand But Not Technology
Xenomorph has regrouped and is chasing growth following the appointment of Neil Sheppard to lead the EMEA and APAC business, a reset to solution rather than product sales, and restructured funding. The company has been pretty low-profile in the market over the past few years, particularly since Brian Sentance stepped down from the role of…
Bloomberg and UBS Settle Legal Dispute About Breaches of Data Licensing Agreements
The recent settlement of a long-running legal dispute between Bloomberg and UBS highlights the dangers of omitting to put in place watertight data licensing agreements. The settlement, reached on September 30, 2020, finally put to bed arguments over whether the bank breached redistribution clauses of its licensing agreements with Bloomberg. The dispute centred on two…
Fund Managers Need a New Approach to Data to Overcome the Coronavirus Crisis
By Angie Walker, Global Head of Capital Markets Business Development at R3. Businesses across the globe have implemented digital transformation strategies on an unprecedented scale as they battle against the fallout from the coronavirus pandemic – and fund managers are no exception. Fundamental digital transformation requires a totally new approach to the way in which data…
SmartStream Offers Affinity Machine Learning Technology in the Cloud
SmartStream Technologies has acknowledged banks’ ongoing move to cloud services and growing interest in machine learning (ML) for data management and discovery with its offer of Affinity, an observational learning solution designed to improve operational data management and data quality processes. Affinity observes how users work, learns from them, and incrementally increases its understanding of…
Live at Data Management Summit USA Virtual – Day Two Keynote and Q&As
A-Team Group’s Data Management Summit USA Virtual Day Two was based on the theme of best practices for data driven strategies in today’s new normal. The day started with an informative live keynote from Arvind Joshi, director of data management at Scotiabank, on how to establish data quality for analytics. This was followed by three…
DMS US Virtual Goes Live with a Practitioner Innovation Keynote and Real-Time Q&As
A-Team Group’s Data Management Summit USA Virtual kicked off today with a hugely insightful live practitioner innovation keynote followed by two live, and lively, Q&A sessions packed with audience questions and answered by the day’s expert keynote and panel speakers. Andrew Delaney, president and chief content officer at A-Team, hosted today’s live sessions of the…