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ESMA to Recognise Three UK CCPs Post Brexit
In the latest Brexit news, ESMA has confirmed that the three central counterparties (CCPs) in the UK – ICE Clear Europe, LCH and LME Clear – will be recognised as third country CCPs eligible to provide services in the EU after December 31, 2020. The EC has adopted an equivalence decision that will make the…
GoldenSource Ushers Reference and Pricing Data into the Front Office with Quant Workbench
Extracting value from data is a priority for financial institutions as the business looks to increase efficiency, reduce costs, identify new opportunities and gain competitive advantage. Some source in-house tools to improve the quality and accessibility of internal and external data, others look to third-parties for solutions. A new tool from GoldenSource, Quant Workbench, brings…
Fenergo Said to Be Mulling IPO as Rumours of Sale Swirl
Following the success of VC stablemate NCino’s $250 million IPO back in June, rumours are swirling that Dublin-based client lifecycle management specialist Fenergo may be contemplating a significant corporate event, with possibilities ranging from an IPO of its own to a trade sale of the company. While sources close to the company are hinting that…
Start Building your Data Capital Now – or Miss Revenue Generating and Cost Saving Insights Every Day
By Charlie Henderson, Co-CEO, FeedStock. There have, in the past, been similarities drawn between data and oil. I would agree that there are certain elements of the two which are comparable: data is highly valuable and is extracted and refined like oil, indeed we use data pipelines. However, the application of data is fundamentally and…
Moody’s Consolidates ESG Capabilities in Solutions Group Led by Andrea Blackman
Environmental, Social and Governance (ESG) investing has passed the tipping point and become a key interest among investors across the board. ESG initiatives, particularly climate change, were highlighted at Davos in January this year; the EU has finalised ESG regulations that will come into play in 2021 and provide clarity in a market fragmented by…
The Pandemic’s Domino Effect on Bank Loan Data
By Tom Stock, Senior Vice President, GoldenSource. Lenders across the globe are bracing themselves for a plethora of defaults by business borrowers. One could say this is the calm before the real COVID-19 induced economic storm. While many businesses have been granted temporary reprieves via government loan support, this next wave has the potential to swiftly…
FeedStock in Hiring Spree on the Back of AI Growth
The groundswell of interest in AI is certainly buttering the bread of some pioneer Fintech firms, which are now leveraging the momentum of 2020’s growing interest to expand their operations outwards. One of these is London-based AI-driven data analytics platform FeedStock, which this week announced two new hires in a bid to build out its…
Nice Actimize Moves Financial Crime Fighting to the Cloud
Financial crime and compliance giant Nice Actimize this month launched its brand new Xceed AI cloud-native platform, which it claims will revolutionise AML and fraud prevention for financial services by accelerating their cloud and digital transformations. The new solution integrates AI, data intelligence, behavioural analytics, and insights within a unified cloud platform designed for a…
OneTrust Launches Schrems II Solutions After Landmark EU Judgement
The landmark decision in July from the Court of Justice of the European Union (CJEU) on Schrems II has changed the way that organisations must manage personal data transfers – creating a whole raft of new challenges that firms must urgently address. To legally transfer personal data from the EU to a third country, it…
The Reconciliations Revolution: How COVID-19 is Shining a Light on Outdated Technology
By Mark Bolton, Head of Sales, International, Gresham Technologies. Automation was once embraced wholeheartedly by reconciliation departments as companies leaped at the opportunity to integrate the latest efficiency driving technology to bring about change and improvement. However, in more recent times this has been replaced by a mood of complacency and stagnation, characterised by a…