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Talking Reference Data With Sarah Underwood: Getting to Grips with Data Management Development
Enterprise data management has become central to conversations at financial institutions about strategy setting, business development, profitability, risk management, regulatory compliance, technology innovation and more. Yet it remains difficult to itemise and successful solutions are elusive. Some of the conversations concentrate on long-term data standardisation and centralisation, others on data management outsourcing, and many on…
Datactics Launches Suite of Tools to Address Regulatory and Other Data Management Challenges
Datactics has launched a suite of data management tools aimed at helping financial institutions deal with the raft of regulatory requirements now impacting legal entity and other data types, including the new global Legal Entity Identifier (LEI). Datactics is offering a flexible solution that meets the data management needs of any size of financial institution,…
Terracotta Blends Low Latency and Big Data
Software AG’s Terracotta unit has introduced its Universal Messaging product, a middleware platform spanning enterprise to web to mobile connectivity, providing low latency performance and big data transport as appropriate – and aligning with the emerging ‘big data in motion’ paradigm. “Big, fast data at your fingertips requires seamless real-time data movement, no matter what type…
LEI Regulatory Oversight Committee Says its Size is Slowing Short-Term Progress
The Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System has missed the end of June deadline it set itself to provide details on the endorsement of pre-Local Operating Units (LOUs) saying that the size of the Committee has slowed down the finalisation and publication of the relevant documents. The ROC’s second plenary…
Volante Partners SwiftRef to Offer Users a Single Source of Payments Reference Data
Financial data integration specialist Volante Technologies has joined the SwiftRef partner programme, allowing its users to connect to the payments reference data utility and access datasets and query tools required to make timely and accurate payments. The companies have worked together for some years, with Volante technology offering transformation between messaging formats for over 70…
Talking Reference Data with Sarah Underwood: Data Quality and the LEI
Progress in the development of a global legal entity identifier (LEI) system, including the issue of 83,000 pre-LEIs by two active pre-Local Operating Units (LOUs), is acting as a catalyst for change with many financial institutions investing heavily to get their entity data in order. The process should prove beneficial in terms of improved data…
Big Data and Rising Internet Use Require Innovative Reference Data Management Solutions
Big data and internet proliferation are creating great opportunities in the financial sector, but firms must move quickly to develop innovative reference data solutions if they are to take advantage of these opportunities and remain competitive. Presenting at an ISITC Europe reference data briefing, Ken Price, vice president of sales at data management specialist Strevus…
CounterpartyLink Supports Client Data Off-Boarding to Improve Efficiency and Cut Costs
CounterpartyLink, a provider of global legal entity and counterparty data, has reversed the concept of client on-boarding with the offer of a client off-boarding service designed to help large financial institutions clean up their client databases, improve operational efficiency and reduce operating costs. The company has been working with a handful of clients to off-board…
Talking Reference Data with Andrew Delaney: Everything You Ever Wanted to Know About Valuations (Part 2)
As I mentioned last week, issues around establishing fair value for less liquid securities remain a focus for many in the financial data business. The marketplace has seen the emergence of highly specialised financial products over the past several years, and data practitioners are having to come to grips with how to deal with these…
GoldenSource Sets out LEI Store and Suggests an Entity Data Utility to Commoditise Compliance
GoldenSource is addressing the arrival of legal entity identifiers (LEIs) with its existing enterprise data management (EDM) software and the suggestion of a data utility that could commoditise compliance with regulations based on the LEI. The company has made its software LEI ready by allowing users to add LEI codes as additional or primary entity…