Data Management Insight Data The latest content from across the platform
A-Team Analysis: Does Swift Have A Role in Securities Ref Data?
Bank owned co-operative Swift believes the industry should enter “A new age for reference data – collaboration”. One of the opening sessions at this year’s Sibos conference in Sydney, from 9-13 October, will be an interactive panel discussion on this very topic. Based on its 30 years of managing the BIC Directory Service, Swift believes…
Evaluations Heavyweight John Lynch Leaves Bloomberg
John Lynch, hired by Bloomberg just months ago to head a team of analysts spearheading the development of a pricing evaluations business (Reference Data Review, April 2006), has parted ways with the company. No comment was available from Bloomberg, beyond the assertion that its evaluations strategy remains in place. But this must be viewed as…
Holmes to Head Up New Cicada Subsidiary Focused on Compliance
Cicada has created a new subsidiary, Profiler Solutions, to focus on compliance. Headed by Cicada executive vice president Hubert Holmes, the new business unit will offer software solutions to help firms meet regulatory requirements around know your customer (KYC) and anti-money laundering (AML), based on its Profiler solution. As reported in Reference Data Review last…
A-Team Expands with Addition to Team of Harris, George
A-Team Group, publisher of Reference Data Review and other titles, has expanded its team to support its ongoing growth. Thea George, a well known and highly respected journalist, joins us from STP Magazine where she was editor for a number of years, to become editor, A-Team Publications. She will be taking over as editor for…
DTCC to Replace XSP with In-house Platform For Global Corporate Actions Validation Service
Aiming to bring control of its Global Corporate Action (GCA) Validation Service in-house and to improve the quality of its corporate actions data, the DTCC has been developing its own platform to support the service, replacing existing Xcitek XSP technology. The new platform is scheduled to go live in September, according to sources. A document…
Daiwa Securities Completes Reference Data Project
Daiwa Securities SMBC Europe has completed the reference data phase of its ongoing project to modernise its middle and back office, resulting in a single consolidated data model for counterparty and securities data. The project has been underpinned by the extended use of the GoldenSource data management platform. During the first phase of the three-year…
Is no news in reference data outsourcing bad news?
Buy, build or outsource? The debate continues in the reference data world, as amply demonstrated in this issue of Reference Data Review. Falling firmly into the “build” camp, DTCC is bringing the platform underpinning its corporate actions offering in-house and moving off the third-party Xcitek solution. In the “buy” category is Daiwa Securities, opting firmly…
TAP Installs Data Management System at Australian Firm In 10 Days
TAP Solutions has implemented its TAPMaster market and reference data management system at an as yet unnamed Australian financial services firm. The installation, taking just some 10 days, began in mid-July, and a number of users are live on the system already, prior to a planned go-live in September. TAPMaster was selected by the Australian…
Telekurs Financial Adds Verification Report to Cars
Telekurs Financial has added a verification service to its Corporate Actions Reports Service (Cars). Cars enables Telekurs clients to receive notifications of events taking place on their portfolios in advance of the event. Pre-defined reports monitor an agreed number of event types and output an agreed number of data fields. Under the new service, the…
Analysis: Has Data Management Outsourcing Lost Its Steam?
The zeal for providing outsourced reference data management solutions that we witnessed this time last year appears to have lost steam, with several of the larger supplier firms admitting that take-up is slower than expected, and some vendors shifting the focus of their efforts. Major players, such as Accenture, SunGard, IBM, and Capco – all…