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SimCorp Merges European Market Units

SimCorp, a provider of integrated investment management solutions and services including SimCorp Datacare (a data management solution for buyside pricing and reference data), is merging its Central Europe, Southern Europe and UK/Northern Europe/Middle East (UNM) market units, into one integrated EMEA unit. The move is designed to support SimCorp’s growth ambition, by developing closer client…

How to leverage the LIBOR transition to improve your data management game

The final goodbye to Libor has been described as the Y2K moment for data managers in financial services – and with the phase-out slated for the end of 2021, firms need to act now to ensure a smooth transition. The replacement of Libor with alternative benchmarks presents an immense challenge for financial institutions, especially given…

GLEIF and Evernym Partner on Game-changing ‘Organization Wallets’

The Global Legal Entity Identifier Foundation (GLEIF) and self-sovereign identity specialist Evernym this month piloted a new solution allowing organizations to create and manage ‘organization wallets’ containing digital portable credentials to confirm an organization’s identity and verify the authority of employees and other company representatives. ‘Self-sovereign’ means that the individual identity holder controls their credentials, using them whenever and…

FMSB Urges Strengthening of Data Standards to Balance Tech Evolution

The FICC Markets Standards Board (FMSB) in its latest Spotlight Review warns that if markets are to remain stable and trusted, fair and effective, then the rapid growth of new technology and of data science must be balanced with more effective governance and control. The report, which examines the crucial role of data management in…

New Managed Data Service from Bloomberg Opens up Enterprise-Wide Access

Bloomberg has launched a new managed service, Data License Plus (DL+), to aggregate a client’s Bloomberg data into a single dataset, enabling users to explore and interact with it through a web-based user interface. The new service aims to make DL data easier to access throughout the enterprise, while reducing the need for data processing….

FCA Warns Firms on LIBOR Transition

The FCA has doubled down on its plans to phase out LIBOR by the end of 2021, warning in a 29 April statement that “it remains the central assumption that firms cannot rely on LIBOR being published after the end of 2021.” Although the regulator recognises the challenges presented by the current operating environment under…

Recorded Webinar: How to leverage the LIBOR transition to improve your data management game

The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The…

Debut Virtual Data Management Summit Highlights Industry Agility

In an extraordinary achievement that attracted over 1,000 delegates and well over 20,000 views, A-Team Group’s debut Virtual Data Management Summit went live last week to showcase the most cutting-edge content from an industry that has shown itself to be both resilient and responsive to the unique challenges presented by the ongoing coronavirus epidemic. Focusing…

SmartStream Closes Deal with Libyan Bank

Financial Transaction Lifecycle Management solutions provider SmartStream Technologies has confirmed that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on its solution for the reconciliations of cash payments – the first of a two phase implementation to consolidate and automate the reconciliation process across its 170 branches to deliver real-time operational control….

COVID-19 Sees CUSIP Requests Surge as Corporate Borrowers Seek Liquidity

Request volume for CUSIP’s corporate debt identifiers was up 6% last month, marking a spike of interest as corporate borrowers seek access to liquidity during the challenging climate of COVID-19. The CUSIP Issuance Trends Report for March 2020, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets…