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Universal Key: Unlocking the Potential of Legal Entity Identifiers – What’s Left to Do?
By Eugene Ing, Executive Director, GMEI Product Management, DTCC. The 2008 financial crisis highlighted the significance of counterparty risk to the safety of the global financial system. In particular, it demonstrated the importance of identifying ownership structures of legal entities engaged in financial transactions. To create greater transparency in the global financial system, in 2009,…
Business Identity in the Digital Economy: A Global Problem Needs a Global Solution
By Stephan Wolf, CEO of the Global LEI Foundation. Businesses today face significant pressure to go digital. Government and private sector organisations around the world are racing to digitise processes, products, and services – even national currencies – to remove friction, save money, streamline operations, and improve user experiences. Despite the tremendous benefits it delivers,…
DSB Opens Applications for Membership of Technology Advisory Committee
The Derivatives Service Bureau (DSB) is calling for additional members to join its Technology Advisory Committee (TAC). Successful applicants will take part in the next term of the TAC, which starts in October 2022. To apply, send a covering email to the TAC Secretariat at DSB.TAC@ANNA-DSB.com, along with a copy of your CV. The application…
Challenges and Opportunities of Internal Self-Service Data Solutions
The concept of internal self-service data solutions is gaining traction as financial institutions and corporations see value in the data sets they generate through their business activities. That said, harnessing the data to provide valuable insights for internal business teams can be a challenge. One approach is to adopt a self-service data delivery model that…
Why ESG Data Is the Key to Connecting Next Generation Investors
By Marion Leslie, Head of Financial Information, Member of the Executive Board, and Executive Board Lead for Sustainability at SIX Group. Last year saw record inflows for ESG in passive investing, as $391 billion poured into ESG ETF assets, up nearly 100% from 2020 and ten times as much as in 2017, according to Statista research. There is…
Cboe Global Markets Selects Snowflake for Next Leg of Journey to Cloud
Cboe Global Markets is working with Snowflake to migrate its corporate data and analytics from on-premises systems to the cloud. The adoption of Snowflake’s data cloud continues Cboe’s journey to cloud and is expected to transform the company’s data and analytics infrastructure into a modern cloud architecture, bringing speed, scalability, and efficiency to its handling…
FactSet Collaborates with CID to Strengthen AI Capabilities for Clients
FactSet has teamed up with AI software specialist CID to build a joint data lake for the financial services industry. The data lake merges unstructured public web content with FactSet’s structured content sets, along with optional third-party and client content, into vast entity relationship graphs. The aim of the multi-year collaboration is to provide FactSet…
Moving from Legacy Systems to an Interoperable Future – Why Innovation is No Longer Big Bang
In this Q&A, Stephen Collie, head of sales engineering at FINBOURNE Technology, discusses the core data management challenges paralysing the buy-side today, and explores the critical role of a Modern Financial Data Stack and incremental innovation in the transition to an interoperable future. Q: Stephen, given FINBOURNE’s work with organisations across the global investment community,…
Driving Data Adoption Throughout an Organization via Self-Service
Financial institutions and corporations across the board are seeing value in the data sets they generate through their business activities. But harnessing this data to provide valuable insights for internal business teams can be a challenge. One approach is to adopt a self-serve data delivery model that empowers consumers and ensures they get access to…
Data Management Tools Are Priority Investment Among Financial Services Firms
Investing in technology to optimise data and modernise data management are top priorities for financial services firms. Research by Broadridge Financial Solutions among 200 financial services professions at SIFMA Operations Conference in May 2022 shows towards 98% of respondents’ companies investing front-to-back-office workflow management, with 27% of respondents citing data management tools as their firm’s…