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Strategies for Mastering Benchmark Data Management
Benchmark data is fundamental to the functioning of capital markets. Yet, despite its use over many decades, it remains costly to source, complex to manage and difficult to integrate with existing systems, leaving many firms unable to derive full value from the data. It is also perceived by many capital markets participants to be the…
GLEIF Names Certizen Technology as China’s Second LEI Validation Agent
The Global Legal Entity Identifier Foundation (GLEIF) has named Certizen Technology, a Hong Kong-based provider of digital identity and digital certificate solutions, as the latest organisation approved as a Validation Agent in the Global Legal Entity Identifier (LEI) System. With the support of GLEIF and the People’s Bank of China, Certizen will use the LEI…
Modernizing Data and Technology for Institutional Client Services
Institutional client services providers are being expected to recalibrate their operations as their clients’ business models evolve. Higher costs, new geopolitical risks and a move towards more complex automated services has prompted their customers to seize technological opportunities that enable them to take greater control of their assets and operations. They want more agile service…
EU Parliament Approves Landmark Artificial Intelligence Act
The EU Parliament has approved the Artificial Intelligence Act, marking the world’s first regulation of AI. The regulation establishes obligations for AI based on its potential risks and level of impact and is designed to ensure safety and compliance with fundamental rights, democracy, the rule of law and environmental sustainability, while boosting innovation. The act…
Alexandre Kech Steps Up to Role of GLEIF CEO as Stephan Wolf Steps Down
Following the decision by Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation (GLEIF), to step down from the role on 24 June 2024 after a decade of leading the foundation from its start-up phase to the growing organisation it is today, the GLEIF board of directors has appointed Alexandre Kech to the position….
Transforming Investment Management: The Urgency to Modernize Platforms
Institutional asset managers are searching for solutions to help them navigate an investment environment that’s been reshaped by novel pressures on their business models, renewed economic uncertainty and intensifying geopolitical tensions. As they seek to address the resultant erosion of investment performance, squeezed fees and rising operating costs, they have turned to the opportunities offered…
SmartStream Reference Data Services Provides Derivatives Data for EMIR Refit
SmartStream Reference Data Services (RDS) has released an enhanced derivatives data service providing in-depth insights into futures related transactions and playing into EMIR Refit reporting requirements. EMIR Refit is geared towards enhancing transparency and stability in the OTC derivatives trading market and is set to take effect in April for Europe and September for the…
DTCC Pilot Aims to Further Automate Corporate Actions
DTCC is running a pilot scheme to further automate the corporate actions process. The pilot includes two phases and aims to streamline interactions across the agent and issuer community by standardising and automating the sourcing of corporate actions announcements. This should eliminate manual processes, provide cost savings, reduce processing lead time and mitigate risks. The…
CCData Partners ANNA and DTIF to Ease Adoption of Digital Token Identifier
CCData, an FCA authorised benchmark administrator and provider of digital asset data and index solutions, has made a strategic partnership with the Association of National Numbering Agencies (ANNA) and the Digital Token Identifier Foundation (DTIF) to introduce Digital Token Identifiers (DTIs) and International Securities Identification Numbers (ISINs) into its Asset Metadata product. The integration of…
Northern Trust Integrates FINBOURNE Technology with Data Mesh Digital Backbone
Northern Trust, a large asset servicer, has selected FINBOURNE Technology to provide enhanced valuations and reporting capabilities for its enterprise global technology. The Chicago-headquartered firm ran a thorough technology partner selection process before deciding to implement FINBOURNE’s cloud-native financial data management solution LUSID and data virtualisation engine Luminesce to modernise its valuations and reporting functions…