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Smart Collateral Management: Removing the Manual Processes
By David Campbell, Securities Product Manager, Investment Services and Nolan Gesher, Senior Product Manager, Risk and Compliance, Fiserv In 2009, 70% of all OTC derivatives trades were subject to collateral agreements, proving significant challenges. The lack of standardised processes, which can be a burden, also provides opportunities. By using systems and processes to address the…
A Tower of Babel for Risk Data
There’s nothing better than a good analogy and this week’s JWG organised panel discussion on the topic of funds transfer pricing (FTP) saw one of the banking industry panellists (Chatham House rules prevent me from naming names) come up with a particularly good (if well used) description of the risk data challenge as one in…
Principia Adds Intex Performance Data to Structured Finance Platform
Principia Partners, a solution provider for the management and administration of structured finance investments, today announced its integration of Intex performance data into the Principia Structured Finance Platform (Principia SFP). Intex Historical Collateral Performance Data for an extensive range of measures, including delinquency, loss and prepayment rates for over 23,000 Intex modelled RMBS, ABS, CMBS…
Euroclear Management Reshuffle Continues, May is Next Out of the Door
International central securities depository (ICSD) Euroclear has certainly had its fair share of people moves this year, with the departure of a number of its Xtrakter subsidiary execs earlier this year and the upcoming addition of ex-BNP Paribas Fortis exec Lieve Mostrey as chief technology and services officer at the start of next month. Following a…
Resolving Symbols and Enabling Choice (Sponsored Article)
By Mark Woolfenden, managing director of FOW TRADEdata The choice of and the investment in trading solutions for both the buy side and sell side of the derivatives industry is an important determinant in the degree to which competition exists in brokerage and other trading related services. Well managed instrument symbology enables sell side firms…
Thomson Reuters Launches Governance, Risk and Compliance Business Unit
Thomson Reuters today announced the creation of a new business dedicated to serving customers across the span of Governance, Risk and Compliance (GRC). The new business brings together Thomson Reuters GRC brands including Complinet, Paisley, Westlaw Business, West’s Capitol Watch, Oden and Westlaw Compliance Advisor. It will be led by Thomson Reuters former chief strategy…
Bar Codes for Banking: GS1 US and Financial InterGroup Creating Practices for Identifying Financial Documents
Nearly 40 years after the retail industry adopted the UPC bar code to improve transaction processes and information flow, the bar code’s administrator and a financial industry development firm are working to bring similar gains to financial documents, their associated electronic financial transactions, and their users. GS1 US, the not-for-profit standards organisation that supports the…
IBM and Norkom Technologies Sign Agreement with VTB
Bank VTB has signed an agreement with IBM to provide the bank with an integrated anti-money laundering system, based on a solution from Norkom Technologies. The new system will help the bank better manage risks associated with suspicious transactions. The project will be developed and implemented by IBM Global Business Services and Norkom Technologies. As…
Private Clouds Have Potential in the Enterprise Data Context, Agrees A-Team Insight Exchange Panel
Cloud computing may have become a buzzword for the industry but despite some reservations in the market about latency, it does have potential in an enterprise data context, agreed panellists at A-Team Insight Exchange in London this week. Market participants are seeking to streamline their usage of vendor data feeds and reduce their costs and…
SimCorp and AIM Software Partner to Provide Cleansed Data
SimCorp, a provider of highly specialised software for the investment industry, and AIM Software, a provider of financial data management solutions, have entered into a global collaborative agreement. The agreement enables SimCorp to provide AIM Software’s GAIN Data Management software to its clients, in conjunction with SimCorp Dimension, SimCorp’s seamless investment management solution. GAIN Data…