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2021 Predictions: Change is Afoot
By Marc Murphy, CEO, Fenergo. It almost feels like the financial industry went to bed in March 2020 and woke up in 2030. Prior to the pandemic, financial institutions had been falling behind when it came to digital transformation, only increasing resources when absolutely necessary. But now, the pandemic has forced financial institutions to make…
GLEIF Calls Global Industries to Join Development of Cryptographically Verifiable LEI
The Global Legal Entity Identifier Foundation (GLEIF) has set out grand plans to create a digitised LEI service based on a digitally verifiable credential containing the LEI – the vLEI – and able to provide automated identity verification between counterparties. The ambition is for all industry sectors globally, including financial services, to embed new and…
To Buy or Build: Four Considerations for CIOs
By: Niall Twomey, CTO, Fenergo. Before embarking on a CLM (Client Lifecycle Management) digital transformation program, most financial institutions (FI) are faced with the ‘buy versus build’ conundrum; to buy something from a third-party vendor or completely build something internally. There are several factors that need to be considered in this decision making process including…
How to use the LEI to Solve your Onboarding Problems and Cut Costs
Client onboarding and lifecycle management are an ongoing problem at many financial institutions, with inefficiencies often caused by layers of technologies and processes added to capture required data and avoid fines when new rules and regulations are introduced. A solution to the problem, which could save the global banking industry billions of dollars a year…
DSB Calls on Market Participants to Join Consultation Covering UPI Fee Model
The Derivatives Service Bureau (DSB) is pushing on with development of the Unique Product Identifier (UPI) ahead of implementation in 2022 with consultations designed to understand market participants’ views on how the principles underlying the fee model for the identifier should be established. All firms reporting to trade repositories will need to include the UPI…
Recorded Webinar: Managing unstructured data and extracting value
Unstructured data offers untapped potential but the platforms, tools and technologies to support it are nascent, often deployed for a specific problem with little reuse of common technologies from application to application. What are the challenges of managing and analysing this data and what are the considerations when making investments in this area? Data quality, consistency…
A-Team Group Names Winners of Data Management Insight Awards 2020
A-Team Group has announced the winners of its prestigious Data Management Insight Awards 2020. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online across categories ranging from best sell-side and buy-side data management platforms to best…
DSB Calls for Product Committee Members from the Middle East and Asia
The Derivatives Service Bureau (DSB) is calling for new members for its Product Committee. Applications close on 13th January 2021. Existing membership includes representatives from the buy-side, sell-side, custodians, data vendors, trading venues and trade associations, and has been chosen based on asset class and workflow expertise, as well as geographical representation. The committee is…
DANIE Consortium Uses Game Changing Privacy Enhancing Technology to Improve Client Reference Data Quality
The DANIE consortium set up to help financial institutions improve the quality of their client reference data by benchmarking data with peers without revealing data sources and with encryption, is calling for banks to confirm places in its 2021 community by 18th December 2020. You can find out more and sign up by contacting community@danie.tech….
How to Tackle the Challenges and Gain the Opportunities of Unstructured Data
Unstructured data is coming into its own as financial institutions deploy machine learning to drive business insights out of the data, and use the data to develop more holistic risk profiles. Use cases such as these demonstrate the huge potential of harnessing unstructured data, but there are also associated challenges that must be addressed. Ahead…