Data Management Insight Data The latest content from across the platform
EDM Council Sets Out Progress of FIBO
The Enterprise Data Management (EDM) Council is pushing on with the development of a Financial Industry Business Ontology (FIBO) and this week received final approval from the Object Management Group (OMG) for the Foundations element of the ontology. FIBO is an open source, industry standard common language that describes the structure and contractual obligations of…
Brendan Beith Joins Rimes Technologies
Brendan Beith has joined Rimes Technologies, a provider of managed data services, as head of sales, world ex Americas. He took up the post this month after leaving his role as managing director, pricing and reference data, EMEA at Interactive Data in September 2014. Beith was appointed to this role in 2010 having been European…
Alacra and Accuity Partner to Integrate Bankers Almanac with Alacra Compliance Enterprise
Accuity and Alacra have partnered to integrate data from Accuity’s Bankers Almanac with the Alacra Compliance Enterprise (ACE) workflow application. The partnership includes integration of Bankers Almanac’s Due Diligence Data File with ACE and is expected to increase the speed and efficiency of client onboarding. The partnership has been made in response to client requests…
Barry Raskin to Leave SIX Financial Information
Barry Raskin is leaving his role as president of SIX Financial Information USA at the end of this month after nearly 28 years with the company. He joined Telekurs (North America) in 1987 as chief financial officer and became managing director in 1995. In 2008, the SIX Group was formed through the merger of Telekurs,…
Opinion – Tougher Stress Tests Bring Banks to an Impasse: Revolutionise or Fail
By Peter Ku, Senior Director of Global Financial Services, Informatica Just before Christmas, the results of the first stress testing exercise for the UK banking system were revealed. The test scenarios modelled a financial doomsday, in which the housing market crashes, unemployment spikes and inflation rises. The aim of the exercise was to determine which…
A-Team Webinar Offers Solutions to the Data Management Problems of FATCA
The US Foreign Account Tax Compliance Act (FATCA) raises significant data management challenges, but it is only one of a number of tax avoidance schemes that are emerging, making a strategic rather than tactical approach the best way to achieve compliance. The challenges of FATCA were discussed during a recent A-Team Group webinar entitled ‘How…
Regulatory DataCorp Builds Up Risk and Compliance Business in Europe
Regulatory DataCorp (RDC), a provider of governance, risk and compliance solutions, has built up its European business to include over 50 global banking institutions, insurance firms, corporates and financial technology providers since it established a London office in May 2014. Set up in 2002 in the US by 20 leading financial institutions, RDC provides industries…
SunGard Details Cost and Compliance Issues of BCBS 239
The Basel Committee regulation BCBS 239 could cost the financial services industry $1.5 billion to $2 billion a year as firms remodel their IT architectures to meet the demands of the regulation’s 11 principles – but while the cost of compliance is high, the regulation is a game changer and could improve firms’ profitability. The…
New York Data Management Summit: Mapping Developments in Enterprise Architecture
Enterprise architecture for data management is moving on, leaving behind traditional enterprise data warehouses and embracing the potential of semantic data models, decoupling systems, building on open source platforms, and deploying hybrid solutions. The limitations of existing architectures for data management and the possibilities of emerging ideas were discussed at the fall A-Team Group Data…
New York Data Management Summit: Emerging Data Management Models Could Solve Quality and Cost Problems
New commercial models for enterprise and reference data management differ significantly from those already installed in financial institutions and may be the solution to ongoing problems including reducing costs, improving data quality and providing scale to support increasing data volumes – but as yet they have not been widely accepted and proven in the market….