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Opinion: How Machine Learning Solves Client Onboarding, by Adam Devine, WorkFusion
Brute force can’t solve onboarding. Machine learning can. Here’s how. Throwing headcount at the ubiquitous client onboarding problem hasn’t worked. It’s still a mess. Offshoring just sweeps the mess under the rug, and the expression, “misery loves company” is a good way of describing the impact of utility plays. Every onboarding solution on the market…
Bloomberg Responds to EMIR and MifID II Consultations With Call for Inclusion of FIGI in Reporting
Bloomberg has responded to a European Securities and Markets Authority (ESMA) consultation on European Market Infrastructure Regulation (EMIR) suggesting the Financial Instrument Global Identifier (FIGI), formerly the Bloomberg Global Identifier (BBGID), should be used as an instrument identifier for reporting under the regulation. While the ESMA consultation opened on November 10, 2014 and closes today,…
EDM Council Plans January Release of Version 1.0 of its Data Management Capability Model
The Enterprise Data Management (EDM) Council will release version 1.0 of its Data Management Capability Model (DCAM) on January 15, 2015. The model defines the scope of capabilities needed to establish, enable and sustain a mature data management discipline, including strategy, organisational structure, technology architecture and operational best practices. The council’s DCAM model builds on…
TMX Atrium Adopts NPL Time to Offer Accurate Time Stamp Service
TMX Atrium has signed an agreement with the UK’s National Physical Laboratory (NPL) to distribute NPL Time, a certified and precise time signal that is directly traceable to Coordinated Universal Time and can be used by TMX Atrium customers for regulatory compliance and audit purposes. TMX Atrium’s adoption of the NPL Time service is designed…
A-Team Group Webinar Describes a Buy-and-Build Approach to Developing Agile Trading Systems
Agile trading systems are key to market differentiation, but rather than following the well-trodden path of building proprietary systems, firms are beginning to favour a buy-and-build approach that not only meets immediate needs, but also accommodates rapid development to meet evolving trading and customer requirements. Hosting an A-Team Group webinar entitled How to Create an…
Brett Hodge Leaves Avox for Fenergo Asia Pac
Brett Hodge has left his position as manager Asia at DTCC’s Avox to head up sales for Fenergo in its newly opened Asia Pacific operation. Brett will be based on sunny Sydney, Australia. This follows earlier expansion by the Irish company into Boston and New York at the start of the year. Fenergo’s CEO Marc…
Interactive Data Offers Compliance Solution for AIFMD
Interactive Data has introduced a compliance solution for the Alternative Investment Fund Managers Directive (AIFMD) that came into force this week, but compliance may not be plain sailing with the Alternative Investment Management Association (AIMA) warning that implementation of the regulation is incomplete. Interactive Data has pulled together existing data and created new data required…
Interactive Data’s Stephan Wolf is Named as CEO of the Global LEI Foundation
Stephan Wolf, chief technology officer and member of the executive board at Interactive Data Managed Solutions AG has been named as the CEO of the Global Legal Entity Identifier Foundation (GLEIF) that was established in June 2014 and will oversee the development and operation of the Central Operating Unit of the Global LEI System. The…
Six Bidders Shortlisted to Build the US Consolidated Audit Trail
The Consolidated Audit Trail (CAT) first proposed by the US Securities and Exchange Commission (SEC) back in 2010 has come a step closer to reality with the selection of six bids from a list of 10 RFP responses that were submitted to build and maintain the audit trail. The six bids still in the running…
A-Team Group Webinar Offers Insight into Improving Data Contributions
Data contributions to financial benchmarks have been a cause for concern since the Libor scandal emerged in 2012, yet despite heavy fines imposed on banks that manipulated the rate, only now are efforts to improve the situation being made in earnest. Addressing the issues of data contributions to the market, an A-Team Group webinar entitled…