Data Management Insight Data The latest content from across the platform
Fiserv Rebrands, Streamlines Management and Launches Global Ad Campaign
Following its acquisition of CheckFree at the end of 2007, Fiserv has finally decided to rebrand the business under its own moniker. The vendor claims this rebranding exercise and global advertising campaign represents its new consolidated approach to the financial technology market. The management team and organisational structure have also been streamlined (and we all…
S&P’s ABSXchange Wins Three New Financial Institution Clients and UK FSA
Standard & Poor’s structured finance platform, ABSXchange, has gained a number of new clients over the last month or so, including the UK Financial Services Authority. The ABSXchange platform, which is part of the vendor’s Fixed Income Risk Management Services (FIRMS) division, enables users to retrieve performance data from across the universe of publicly rated,…
Banca Euromobilare Goes Live with Aim’s Gain Data Management Solution
Switzerland-based private bank Banca Euromobilare (Suisse) has gone live on Aim Software’s Gain Data Management in order to manage the capture, processing and distribution of pricing and static data from the SIX Telekurs Valor Data Feed (VDF). This data is fed into the bank’s implementation of SunGard’s Apsys III via the Gain standard interface, which…
Significant Number of Companies Interested in Consolidated Standards for IFRS Reporting, Says Deloitte
A “significant” number of US private companies are interested in the introduction of accounting standards based on International Financial Reporting Standards (IFRS), according to a recent online poll by consultancy firm Deloitte & Touche. The poll, which took place during a webcast with around 1,700 finance professionals, indicated that 40% of respondents were considering taking…
Interactive Data Experienced Strong Growth in Q4 2008, Says Exiting CEO Clark
Despite the downturn in the markets, it seems that Interactive Data had a good end to 2008 in terms of financial results. The data vendor’s fourth quarter results for last year indicate that its revenue was up 6.6% on previous year’s figures to US$194.1 million from US$182.1 million in the fourth quarter of 2007. “Despite…
American Bankers Association Concerned FASB is Ignoring Underlying Issues with Mark to Market
Following the announcement by the Financial Accounting Standards Board (FASB) earlier in the month that it would be revisiting mark to market accounting standards, the American Bankers Association (ABA) has spoken up about some concerns it has about the FASB approach. The association feels that issues underlying the controversial accounting rules are not being taken…
ISITC Working Group Releases Reference Data Best Practices for SSIs
The International Securities Association for Institutional Trade Communication (ISITC) market practice group on reference data has released a set of new market practices, which it says will be up for discussion at its next industry forum in March. The focus of the new recommendations is on custodian and broker standing settlement instructions (SSI) data and…
Fincad Upgrades Analytics Suite with Extended Asset Class Coverage
Fincad has launched a new version of its Analytics Suite for 2009, with extended asset class coverage of structured products including trigger swaps, Brazilian FRNs, Altiplano options and snowrange instruments. The vendor says the upgrade is aimed at meeting the valuations and risk analytics needs of financial institutions in the current financial environment. Fincad Analytics…
Daiwa Securities’ Next Focus for Data Quality Measurement is on Derivatives, Says Pampathi
Following the establishment of its data quality measurement framework last year, Daiwa Securities is now looking to expand its data management functions to the area of derivatives, explained Vinay Pampathi, executive director of the firm’s technology division, to delegates to last week’s Marcus Evans Reference Data conference. “Over the next six months we will be…
Reference Data Management to Witness “Winds of Change” Over Next 12 Months, Says Deutsche’s Sean Taylor
Reference data management is no longer at the fringes of an organisation in terms of the perception of its strategic importance by senior management, said Sean Taylor, director at Deutsche Wealth Management, to the delegation at Marcus Evans’ recent Reference Data conference last week. Taylor, who was chairing the event, indicated that increased regulatory scrutiny…