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EDM-as-a-Service Provider Rimes to be Bought by Rothschild Unit
Enterprise data management (EDM) services provider Rimes is to be acquired by the private equity arm of Rothschild & Co. Rimes investor EQT and its co-shareholders didn’t disclose the financial details of the deal to Five Arrows, but Bloomberg estimated the transaction values the business at between €800 million (US$862m) and €900m. New York and…
Institutions Look to Cloud to Meet New Asset Management Data Challenges: Arcesium
Institutional asset managers are looking to cloud solutions as they seek to find economies and streamline their asset management processes. Taking advantage of new digital technology that can help them meet changing client demands in an evolving financial landscape, these firms have been prompted to look to the cloud as creaking legacy infrastructure limits their…
DSB Announces 2024 Consultation Schedule for OTC Derivatives Reference Data Services
The Derivatives Service Bureau (DSB) has outlined its 2024 consultation plan focusing on the OTC International Securities Identification Number (ISIN), Unique Product Identifier (UPI), and Classification Financial Instrument (CFI) services. The consultation paper will be released on 30 April 2024, allowing for feedback until 31 May 2024, and concluding with a Final Report on 16…
Alveo Reviews Costs and Use Cases of AI in Financial Data Management
Adoption of AI across financial services is causing a cost shift from operations to technology and data, with 63% of decision makers expecting AI to result in an increase in the cost of data within their organisation. The cost of hardware and software licences is also likely to rise in response to AI, and 50%…
Microsoft Selects Solidatus as a Partner in Renewed Data Governance Platform
Microsoft has named Solidatus as its preferred data lineage integration partner as part of renewed data governance in Microsoft Purview. The new software-as-a-service (SaaS) platform provides intuitive business-friendly interaction, seamless integration across data sources, AI-driven efficiency, and actionable insights, empowering users to enhance data governance processes. Microsoft will extend the value of Microsoft Purview for…
ESG Data Keeps on Evolving, but are Financial Institutions Keeping Pace?
By Yann Bloch, head of product and pre-sales Americas at NeoXam. Earlier this month, Bloomberg published their much-anticipated annual European ESG Data Trends Survey report, carrying with it some fascinating findings on the current state of the market. The survey, taken by respondents from London, Stockholm, Geneva, Amsterdam, Frankfurt, Paris, and Milan throughout 2023, posed questions about…
SIX Extends Provision of Fixed Income Data with Acquisition of Majority Share in FactEntry
SIX has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics and solutions for financial market participants. The acquisition enhances SIX’s data offering and meets customer demand for the company to expand its global fixed income footprint. FactEntry’s fixed income data sets, including reference data and corporate actions, will…
Strategies for Mastering Benchmark Data Management
Benchmark data is fundamental to the functioning of capital markets. Yet, despite its use over many decades, it remains costly to source, complex to manage and difficult to integrate with existing systems, leaving many firms unable to derive full value from the data. It is also perceived by many capital markets participants to be the…
Confluence Adds MSCI ESG Research Data into Style Analytics
Confluence Technologies, a solutions provider to the investment management industry, has integrated MSCI ESG Research data into its factor investing analytics solution, Style Analytics. The data will help asset managers and fund selectors by offering in-depth analysis, comparison, and enhancement of portfolios. Damian Handzy, managing director, analytics, at Confluence, comments: “Style Analytics’ integration of MSCI’s…
Return on Investment Remains a Challenge for Financial Institutions Migrating Data to Cloud
Migrating data and apps to cloud can be a game changer for financial institutions. It can also be more expensive than expected and raise issues around data quality, governance, security, access and integration. A clear data strategy with a defined goal, and an understanding of what can and cannot benefit from a move to cloud,…