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Moody’s and Google Cloud Partner to Build Large Language Models and Generative AI Apps
Moody’s Corporation and Google Cloud have made a strategic partnership to explore a combination of Moody’s expertise in financial analysis and Google Cloud’s generative AI (gen AI) technologies to help Moody’s customers and employees use large language models (LLMs) to gain financial insights and summarise financial data faster. This is Moody’s second key partnership on…
Mackenzie Investments Selects Bloomberg to Manage ESG data
Mackenzie Investments, a large Canadian investment management firm, has selected Bloomberg to manage its ESG data. The data vendor’s cloud-based Data License Plus (DL+) ESG Manager will be used to host the acquisition, management and publishing of multi-vendor ESG data, allowing the firm to implement ESG investing approaches more efficiently and develop more sophisticated ESG-focused…
Alveo Research Points to Cost and Operational Benefits of Cloud Data Management
In a recent survey commissioned by Alveo, 62% of senior decision-makers believe that transferring market data to the cloud can reduce their total cost of ownership (TCO), with 77% in agreement in Asia-Pacific, compared to 46% in the UK/US. Additionally, the adoption of cloud data management is viewed as a catalyst for changes in operational…
Bloomberg Adds Intraday BVAL Front Office Pricing Solution for Fixed Income Trading
Bloomberg has released Intraday BVAL (IBVAL) Front Office, a distinct but complementary offering to Bloomberg’s evaluated pricing service, BVAL, that uses a machine learning model to handle the intricacies of consuming billions of ticks of market data to produce frequent pricing for real-time trading decisions. The front office product delivers prices as fast as every…
Schroders Uses Xceptor to Consolidate Applications and Automate Operations
Schroders has selected the Xceptor data automation platform for a range of core business use cases including cash flow data handling and customer onboarding. The investment management firm initially used Xceptor to process incoming transfer agency cashflows into its investment book of record, Blackrock Aladdin. The firm’s expanded use of the platform across operations provides…
Canoe Intelligence Releases Data Innovation Hub for Alternative Investments Market
Canoe Intelligence, a financial technology company providing data management for the alternatives industry, has released the Canoe Data Innovation Hub and Canoe Asset Data Design Partnership, initiatives that go hand-in-hand to offer greater data granularity at both fund and asset level data. The solutions respond to client demand for access to asset-level data to solve…
Recorded Webinar: Best practice approaches to integrating legacy data with the cloud
Acceleration of cloud adoption, increasing demand for digital transformation and real-time data management have led financial institutions to rethink their data infrastructure to enable more agile operating models that can respond faster to change and make data a competitive advantage. For many, integrating data from legacy systems and data across the business landscape with a…
Toronto-Based TMX Datalinx Opens ESG Data Hub
TMX Datalinx, Toronto-based TMX Group’s information services division, has opened an ESG data hub designed to support global clients’ integrating ESG in investment decision-making processes. As well as providing TMX Datalinx real-time and historical data, the TMX ESG Data Hub provides data from external sources including OWL, a fintech transforming how ESG data is gathered,…
J.P. Morgan Expands Fusion to Provide Cloud-Native Custody, Fund Accounting and Middle Office Data to Institutional Investors
J.P. Morgan has added securities services for institutional investors to its data mesh, enabling investors to retrieve investment data held by J.P. Morgan’s custody, fund accounting and middle office services using cloud-native channels including REST APIs, Jupyter notebooks and the Snowflake financial services data cloud. The securities services are available through Fusion by J.P. Morgan,…
Data Strategy is Changing as CDOs Focus on The Business, People and Processes, and Add a Little Magic
Data strategy has evolved over the past 10 years, but not necessarily in step with new data management technologies, not always in line with the business, and sometimes with little regard to return on investment. A recent CDO panel discussion at A-Team Group’s Data Management Summit NYC, discussed these and other issued during a session…