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The New Frontier of Outsourced Data Management: S&P Global Market Intelligence Report
Digitalisation has taken financial institutions along a prosperous path of better understanding, management and utilisation of the data that their activities generate. But technological evolution and the changed economic environment have placed a new set of challenges onto their shoulders. Institutions are now grappling with how they can take their digital programme further, especially given…
Better Data, Better Business: Combat Identity-Related Fraud with the LEI
By Clare Rowley, Head of Business Operations at the Global Legal Entity Identifier Foundation (GLEIF). The global economy is wrestling with never-before-seen levels of identity-related fraud. Cybercrime costs in the US reached an estimated $320 billion as of 2023, according to Statista. Between 2017 and 2023, this figure has seen a significant increase of over…
The CSRD – Governance, Workflow, Data and Technology Impacts for 2024
In the rapidly evolving world of corporate governance, environmental, social and governance (ESG) criteria have emerged as a cornerstone of responsible business practice. With stakeholders increasingly demanding transparency and accountability, the need for robust ESG reporting continues to grow. Enter the Corporate Sustainability Reporting Directive (CSRD), the ambitious regulatory framework aimed at standardising sustainability reporting…
Snowflake Reaches Agreement to Acquire TruEra AI Observability Platform
Snowflake has reached a definitive agreement to acquire Redwood City, California-based TruEra and its AI observability platform. The acquisition is expected to bring large language model (LLM) and machine learning (ML) observability to the company’s AI data cloud, helping users demonstrate that AI is both trustworthy and high performing. Snowflake has been investing in GenAI…
The Hidden Cost of Bad Data – Why Accuracy Pays Off
By Ariel Junqueira-DeGarcia, Strategy and Technology Leader at Broadridge. In the financial world, data is king. But many argue that firms are dangerously reliant on data they inadequately understand, unknowingly wielding a double-edged sword that can just as easily enrich as it can erode. This article pulls back the curtain on the murky world of…
The Evolution of Outsourcing Data Operations for ESG and Private Assets
Financial institutions are grappling with a substantially changed operating environment that’s placing novel pressures on their data management processes. As organisations navigate a more volatile global financial picture, many are tacking towards a multi-asset business model that demands new capabilities and expertise. They are also having to bolster their regulatory compliance capabilities, as new disclosure…
Alation Workflow Automation Deploys AI Bots to Optimise Data Governance
Alation, a data intelligence company, has released Alation Workflow Automation, a solution designed to help data stewards meet the increasingly complex data governance needs of financial services data environments. The solution optimises data governance processes from curation to consumption using Alation Automation Bots to increase metadata quality by proactively checking for missing security classifications, titles,…
Delta Capita Expands CLM Managed Services Following Acquisition of LSEG Onboarding Solution
Delta Capita, a capital markets consulting, managed services and technology provider, is planning to extend its offer of managed services in client lifecycle management (CLM) following the acquisition of LSEG’s client onboarding solution. The LSEG solution is based on Thomson Reuters’ 2013 acquisition of GoldTier Technologies, a provider of client onboarding software. Thomson Reuters Financial…
ICE Benchmark Administration Releases Beta Extensions for ICE Swap Rate Benchmark
Intercontinental Exchange (ICE) subsidiary ICE Benchmark Administration has released indicative Beta versions of its USD SOFR ICE Swap Rate Swap Spreads and EUR €STR ICE Swap Rates. The swap spreads and rates expand the ICE Swap Rate benchmark and are determined using IBA’s published ICE Swap Rate waterfall calculation methodology. They are available here. The…
BNP Paribas Becomes First EU G-SIB to Join GLEIF Validation Agent Programme
The Global Legal Entity Identifier Foundation (GLEIF) continues to build out the Global LEI System (GLEIS) with the addition of BNP Paribas as a Validation Agent. The addition of BNP Paribas marks the first global systemically important bank (G-SIB) headquartered in the EU to join the Validation Agent programme. Most recently, the GLEIF added Nord…