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Banks’ Data Estates Still Not Ready to Leverage AI and Innovations: Report
Banks still have gaps in their data management capabilities, which are preventing them from fully utilising new technologies such as artificial intelligence, according to a report by Cornerstone Advisors. The consultancy’s “Improving Your Financial Institution’s Data IQ” study stated that lenders scored “50 out of 100” for their ability to acquire, manage and use data….
Data’s Evolution Continues From Cost to Core Asset: DMS New York City 2025 Preview
Modern Chief Data Officers are not only the guardians of financial institutions’ data estates, they are also the caretakers of their single-biggest asset. With every part of an organisation’s business now dependent on data, the custody of its digital information is every bit as critical to operations as the management of trading teams or even…
Juniper Square Seeks to Democratise Private Markets with Data
Juniper Square has, from a virtual standing start, become one of the fastest-growing providers of data and investor services to private-market participants. Earlier in the summer it received a US$130 million series D capital injection that underscored its prospects and valued the company within unicorn territory. That’s unsurprising for a company whose platform has, since…
AI-led Privates Data Startup Alkymi Raises More Funding
Alkymi, an AI-powered data specialist for private investors, has raised yet more capital from a variety of investors including Cornerstone Investment Capital and Canaan Partners, SimCorp and Northwestern Mutual Future Ventures. The startup, which had raised US$35 million in previous funding rounds, also said that Bob Greifeld, Co-Founder at Cornerstone Investment Capital and former Chairman…
ISDA Finds GenAI Highly Accurate in Contracts Process but Stresses Need for Good Data
The International Swaps and Derivatives Association (ISDA) has found that a range of generative artificial intelligence models can achieve a very high level of accuracy in extracting and standardising contract details into digital form. The findings suggest that AI can be deployed to reduce time and resources as well as risks when processing data within…
Modern Data Platforms Empower Critical Use Cases: Webinar Preview
No longer is it enough for financial institutions to be simply “on top” of their data management architecture. They need to be constantly looking for the next innovation to keep them ahead of the game in this fast-moving space. That’s why modern data management platforms are the focus of so many organisations at the moment….
S&P Global’s iLevel Private Markets Tool Updated with Document Search
S&P Global Market Intelligence has updated its private asset portfolio management capabilities with the launch of iLevel Document Search, an artificial intelligence-powered tool that can extract insights from a variety of unstructured data sources. The latest augmentation of the iLevel suite has includes natural language querying, annotations for traceability and permissions-based search results for confidentiality….
11 Providers Shaping the Capital Markets Data Governance Landscape
The vast volumes of data that capital markets participants are ingesting as a matter of necessity have placed new demands on their data estates. At a time of market volatility, increased regulatory scrutiny and growing requirements for real-time insights, keeping control of how their data is ingested, distributed and utilised has become a growing challenge….
Acuity in ‘World-First’ Deal to Bring Databricks’ DIP to Clients
Acuity Knowledge Partners’ 650-plus financial services clients will be able to use the Databricks Data Intelligence Platform to automate data-driven workflows and decision making in what the company has described as a “world-first deal”. “Acuity is the first firm of its kind to bring Databricks to market for financial services firms,” said Jon O’Donnell, Chief…
Anthropic’s Financial Industry Claude Iteration Aimed at Easing AI Adoption
Large language model (LLM) builder Anthropic may have the solution to assuaging financial institutions’ doubts about generative artificial intelligence deployment in their analytics and decision-making workflows, having created a model that has been designed specifically for the industry. Claude for Financial Services, part of the San Francisco-based company’s Claude for Enterprise suite, comprises capabilities that…