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Talking Reference Data with Andrew Delaney: A Little Less Talk and a Lot More Action
“Happy is the man … who before he dies, has the good fortune to sail the Aegean Sea” – Nikos Kazantzakis They say a change is as good as a rest, but a rest sure feels good. And so it is I’m back in the Old Smoke, getting to grips with the task at hand:…
Data Consolidation and Quality Remain an Issue in Preparation for Solvency II
Data management continues to be a drag on insurance companies preparing for Solvency II, but not all are falling behind with some using the regulatory mandate to develop data management infrastructure that will drive both compliance and business benefits from investment in Solvency II. Moody’s Analytics’ latest Solvency II practitioner survey, which included in-depth interviews…
The Low Down on ROC’s Rules for the Global LEI System for pre-Local Operating Units, But Gaps Remain
Development of the global legal entity identifier system (GLEIS) took a significant step forward last weekend when the Regulatory Oversight Committee (ROC) of the system published a document specifying the principles and requirements that should be followed by pre-Local Operating Units (LOUs) wanting to take part in the interim GLEIS. The document, initially scheduled for…
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…