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Asset Control Wins with New Managed Services Contracts
Venerable Annuity, the legacy annuity business of Voya Financial (created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners and Reverence Capital Partners) has confirmed the migration of its data management systems to AC PaSS, the cloud-based managed service solution from Asset Control. The ACPaSS solution will provide Venerable with…
Recorded Webinar: Address Emerging Operational Risk and Alleviating Data Blind Spots with AI Powered Risk Management
The digitalisation of financial services is in full flight, as financial institutions strive to offer the same levels of service and improved customer experience that consumer markets have enjoyed for some time. This digitalisation – providing seamless access to appropriate services on demand – requires great emphasis on client data. This changing digital landscape, and…
ASG Technologies Partners with ibi on Integrated Data Intelligence
ASG Technologies has teamed up with New York-based Information Builders Inc (ibi), an end-to-end data and analytics provider, in a bid to boost confidence in data to meet regulatory requirements and support informed business decisions. “Organizations need to be agile enough to quickly and effectively access and analyse data from inside and outside the organization…
Informatica Launches New Solution for Data Governance
Informatica, a California-based enterprise cloud data management specialist targeting financial services, this week showcased a new metadata-driven intelligence and automation solution for data analytics and privacy governance. The AI-driven solution will enable organizations to govern their data holistically to drive data democratization and cloud and analytics modernization with trusted data, as well as provide customer…
Alternative Asset Managers Struggling with Data Consistency Issues During COVID-19
Although asset managers are looking to leverage digital-first outsourcing providers, native cloud platforms and data management core competencies to continue moving forward amid the global pandemic, data consistency issues are holding up progress. Indus Valley Partners, a provider of tech solutions & services to the buy-side, surveyed over 60 asset management CXOs at its virtual…
Australia Sees Groundswell in Demand for LEI Registrations
The year 2019/20 saw a doubling of LEI registrations in Australia, according to APIR Systems, a provider of essential infrastructure for the wealth management industry in Australia, including acting as an official registration agent for the issuance of LEIs. Coming into legal force in Australia on October 1, 2019 after numerous postponements, there has been…
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,…
Financial Services Firms Seek to Improve Data Collection in Wake of Coronavirus
Almost half (49%) of financial services firms plan to improve their ability to quickly gather and analyse data moving forward, according to a global survey of 500 financial services C-Suite executives and their direct reports released this week by Broadridge Financial Solutions. The findings come as part of a broader trend towards technology transformation as…
GLEIF Deploys Workiva Platform, Expands into North America
The GLEIF Foundation partnered with XBRL International and Workiva in June 2020 to publish its annual report in both human and machine-readable Inline XBRL and HTML format, with GLEIF’s LEI embedded into the financial information. It constitutes only the second official business report globally to automatically link the filing entity to its verified LEI reference…
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…