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Goldman Sachs Invests in Data Security with $50m jSonar Stake
Database security platform jSonar has closed a $50 million investment from Goldman Sachs in its first institutional round of funding. The firm focuses on managing database risk, which has historically been plagued by high costs and output, often limited to a basic set of compliance reports. With the adoption of the cloud and the dynamic landscape of…
FIS Launches New Data Analytics Platform for Wealth Managers
Florida-based Fortune 500 FinTech firm FIS Global has launched a new platform to provide wealth managers with data and insights, helping them to automate key manual processes and utilise data analytics to meet customer requirements. FIS Unity uses APIs to provide an integrated, 360 degree view of assets across multiple providers, with the addition of…
Finantix Partners with Capita Consulting on Digital Solutions
The Finantix Product Suite is a modular, API-driven suite of products that can be integrated with existing IT systems. Capita Consulting will become a Finantix certified strategic implementation partner in the UK. In this role Capita Consulting will help clients in the private banking and wealth management sectors design and launch a Finantix platform tailored…
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…
Recorded Webinar: Adopting Entity Data Hierarchies to Address Holistic Risk Management
Firms across the board are struggling to gain a comprehensive view of their counterparty risk. In the wake of the Credit Crisis, regulators have increased their focus on pushing firms to not only better understand risk exposure, but also be able to provide evidence of the analysis they use to create their view of risk….
There Is No Spoon: Matrix IDM Takes EDM to the Cloud
Matrix IDM, an investment data platform specialising in EDM as SaaS, has had a busy year. With offices in Sydney, London and New York, two major new clients signed up over the past month and over half a trillion dollars now managed on its platform, the start-up has come a long way since its launch…
S&P Creates One Stop Data Shop with New Global Marketplace
Earlier this month, S&P Global took a major step forward with the launch of its Global Marketplace, a new data platform that combines a broad catalogue of datasets including both proprietary S&P Global content and third-party alternative data options. “This is an opportunity to bring it all together, and to make it easy for clients…
Feeding the Beast: How One Firm is Changing up Compliance Through NLP
Charlie Henderson is on a mission – to free businesses from the daily interruption of non-core tasks. Together with business partner Lucas Wurfbain he has spent the last few years figuring out how to structure enterprise activity data in order to identify hidden risks and maximise value using AI. The result? FeedStock, a firm founded…
Singapore Introduces ‘Fairness Metrics’ for AI Adoption
The Monetary Authority of Singapore (MAS) announced today that the first phase of its Veritas initiative – a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA) – will commence with the development of fairness metrics in credit risk scoring and customer marketing. The 25-member consortium will publish a white…
Basel IV FRTB Changes Leave Financial Institutions Asking: How Do You Spell Difficult? “F-R-T-B”
By Mahim Mehra, Senior Risk Advisor, AxiomSL. With the original introduction of the Fundamental Review of the Trading Book (FRTB), the Basel Committee on Banking Supervision (BCBS) completely rewrote the rules used to determine how much capital financial institutions must hold in order to adequately capitalize their exposure to market risk. The previous FRTB changes…