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The Reconciliations Revolution: How COVID-19 is Shining a Light on Outdated Technology
By Mark Bolton, Head of Sales, International, Gresham Technologies. Automation was once embraced wholeheartedly by reconciliation departments as companies leaped at the opportunity to integrate the latest efficiency driving technology to bring about change and improvement. However, in more recent times this has been replaced by a mood of complacency and stagnation, characterised by a…
The Changing Role of Data Management in the Post-Pandemic Age
By Boyke Baboelal, Strategic Solutions Director, Asset Control. Continuous, and often rapid, change has been a given for organisations across multiple economic sectors since the COVID-19 virus took hold and it looks set to be a key feature of the post-pandemic age, whose key trends are already taking shape. Across the financial services industry, change…
FeedStock Joins Red Hat Container Ecosystem
AI-driven data analytics platform Feedstock has completed Red Hat Container certification for its FeedStock Connector and has been published in the Red Hat Ecosystem Catalog. The certification enables FeedStock to use Red Hat’s container registry and deploy Red Hat certified containers in FeedStock’s client environments, enabling frictionless deployment at scale of its automated data management solutions….
Quantexa Raises $64.7m to Drive Big Data and Analytics Growth
Quantexa, a contextual decision intelligence software company, has closed a Series C round, raising a further $64.7 million (£51.2m) in funding to expand its Contextual Decision Intelligence (CDI) technology into new arenas including big data and analytics, following a strong four years of growth that has seen the firm capture a wide range of tier…
ESG, Textual and Movement Data Lead Alternative Data Interest During COVID Pandemic
By Warren Breakstone, Managing Director and Chief Product Officer of Data Management Solutions, S&P Global Market Intelligence. As market participants work to understand their risk, uncover new opportunities, and try to make sense of the current state in the midst of COVID-19, there appears to be a heavier reliance on new sources of insight where…
Asset Control Wins with New Managed Services Contracts
Venerable Annuity, the legacy annuity business of Voya Financial (created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners and Reverence Capital Partners) has confirmed the migration of its data management systems to AC PaSS, the cloud-based managed service solution from Asset Control. The ACPaSS solution will provide Venerable with…
ASG Technologies Partners with ibi on Integrated Data Intelligence
ASG Technologies has teamed up with New York-based Information Builders Inc (ibi), an end-to-end data and analytics provider, in a bid to boost confidence in data to meet regulatory requirements and support informed business decisions. “Organizations need to be agile enough to quickly and effectively access and analyse data from inside and outside the organization…
Asset Control Targets Buy Side with Nielen Hire
Asset Control’s appointment of industry veteran Stef Nielen is part of a renewed focus on the buy side, following a number of contract wins in that segment. Nielen, who joins director, strategic development, hails from Axioma, where he was sales director, and has held sales-oriented roles with MSCI and RiskMetrics, among other buy-side oriented suppliers….
ESMA Affirms Importance of Data-Driven Strategy for EU Digital Finance Initiative
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has submitted a response to the European Commission’s (EC) consultation on a new digital finance strategy for the European Union (EU), in which it reiterates the crucial importance of a data-driven financial services sector. Benefits of digitalisation, according to ESMA, would include increased speed,…
Financial Services Firms Seek to Improve Data Collection in Wake of Coronavirus
Almost half (49%) of financial services firms plan to improve their ability to quickly gather and analyse data moving forward, according to a global survey of 500 financial services C-Suite executives and their direct reports released this week by Broadridge Financial Solutions. The findings come as part of a broader trend towards technology transformation as…