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Data Management Reaches Tipping Point
As the pipeline of information being generated or bought by financial institutions continues to increase at an astonishing rate, it has become essential to implement structures that ensure data is properly ingested and stored, and is accessible in a way that can fully realise its value. “For a long time, firms have taken a tactical…
SEI Partners Snowflake to Deliver Data Cloud Offering Real-Time Data and Analytics
SEI, an Oaks, Pennsylvania provider of wealth and asset management solutions, has partnered with Snowflake to release SEI Data Cloud, a platform designed to provide clients with real-time data and analytics. The platform is powered by Snowflake and can be accessed directly through the SEI Wealth Platform (SWP) or as a standalone service. The company…
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,…