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Kingland Innovates to Meet Market Need for More Effective and Efficient Data Usage
Kingland is responding to financial institutions’ growing desire to use and manage their data to better effect and greater efficiency with the provision of solutions including artificial intelligence (AI) and text analytics. It is also focusing on firms’ ongoing challenges around core functionality such as entity data management for Know Your Customer (KYC), enterprise risk…
DataRobot on FactSet Adds Machine Learning into Investment Workflow
In early August, FactSet and DataRobot introduced an artificial intelligence (AI) investment workflow, DataRobot on FactSet, an automated machine learning (ML) tool that helps financial services firms – particularly those lacking significant data science teams – incorporate AI into their investment workflows. At the moment there is a shortage of data scientists within the investment…
Collibra Looks to the Future with New Privacy & Risk Product
US-based data intelligence specialist Collibra in July built out its data platform with the launch of Collibra Privacy & Risk, a new enterprise-grade product designed to help organizations manage personal data assets and future-proof against further regulatory developments in today’s changing climate. The new product expands the firm’s regulatory coverage, with modules covering the California…
Moody’s Acquires RiskFirst
Moody’s Corporation has acquired RiskFirst, a provider of risk analytic solutions for the assetmanagement and pension fund communities. The acquisition positions Moody’s Analytics to extend its range of risk solutions to the institutional buy-side. RiskFirst’s PFaroe platform provides a risk solution for US and UK defined benefit pension markets, covering over 3,000 plans and more…
Synechron Data Science Launches New LIBOR Solution
London-based Synechron has launched a LIBOR accelerator using data science to address thechallenges of financial sector benchmarking. The accelerator for LIBOR Impact Analysis enables financial institutions to identify and quantify their LIBOR exposure at either a contract level or across all contracts within an institution. Thesolution leverages Optical Character Recognition (OCR) and three levels of…
Bringing Alternative Data into the Mainstream
By Martijn Groot, Vice President of Marketing and Strategy at Asset Control. Alternative and unstructured data is rapidly going mainstream. In a recent survey conducted by Adox Research for Asset Control, more than a third of respondents from financial institutions (36%) labelled these new types of data as ‘high importance’ drivers for investment. Alternative data…
Datactics Funnels Funding into AI technology, Staff Hires and International Expansion
Datactics is planning technology, staff and international expansion following the conclusion of a £1.2 million funding round led by The Bank of Ireland Kernel Capital Group Fund and new investor Edinburgh-based Par Equity. Investments in technology and people include an extension of Datactics’ data quality solutions platform and set up of a dedicated artificial intelligence…
Data as the Catalyst for Innovation in Asset and Wealth Management
Fund managers and wealth management firms are being squeezed between downward pressures on sources of revenues and upward pressures on costs. Firms are facing a migration to passive investment funds, with some research suggesting a one-third drop in active management fees by 2023. Meanwhile, the ongoing regulatory onslaught is adding to costs. Under pressure to…
MarkLogic Responds to the Data Management Challenges of GDPR
This week’s big reveal of the ICO’s intention to fine British Airways £183.39 million for infringements of General Data Protection Regulation (GDPR) sent shock waves through industry, with an aftershock coming later in the week when the ICO issued a second notice, this time noting its intention to fine Marriott International £99,200,396 for GDPR breaches….
Is Your Firm in the Stone Age or Information Age of Artificial Intelligence?
We’ve talked about the potential of artificial intelligence (AI) to improve efficiency, accuracy, creativity and generate business growth for years – and it’s benefits are now beginning to be realised and reported. A recent report from Broadridge Financial Solutions, the company’s second annual AI Outlook Survey, headlines data mining as the top user of AI,…