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GLEIF Names Chinese Certification Authority as vLEI Issuer
The China Financial Certification Authority (CFCA) has been announced as the first Chinese overseer of virtual identifiers created by the Global Legal Entity Identifier Foundation (GLEIF). The CFCA has become a Qualified vLEI Issuer (QVI) in the Global LEI System. VLEIs are used to verify the digital identities of companies and assets in financial transactions….
Unleashing the Power of AI for Financial Institutions with Snowflake and Amazon Web Services
Financial institutions are among the largest users of AI, deploying it for a range of use cases that, while already wide, will broaden in the future. A report by the International Monetary Fund has forecast that institutional spending on AI will surge 29% to US$97 billion by 2027. The technology has become crucial to automation…
Businesses Struggling with ESG Data that will Aid SFDR Compliance
Most businesses are struggling to prepare their data to meet a new European regulation that is designed in part to deliver huge troves of corporate ESG information into financial institutions’ systems. More than four-fifths of companies questioned in a study by data mastering company Semarchy said they lack confidence in their data management capabilities to…
Zema Global Chief Girds for Soaring Demand for Energy Data
Since its acquisition of Morningstar’s commodity information business late last year, energy industry intelligence provider Zema Global has become an important data feed for financial institutions that invest in the net-zero transition and to those trading in renewables, biofuels and fossil fuels. The transaction was a prescient one. While the Colorado, US-headquartered company has been…
GLEIF Begins a New Decade in Growth Mode
The Global Legal Identifier Foundation (GLEIF) enters its second decade this month with its novel system of identifiers for everything from companies and their financial instruments to real assets fast becoming a global standard. While the next five years are expected to see yet more entities join the GLEIF’s open data project, the organisation’s immediate…
SmartStream Chief Jaffer Sees Rapid Change in Year at Helm
Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary…
How to Build an Open Data Ecosystem: A Scheme Owner’s Guide
By Brendan Jones, Chief Operating Officer at Konsentus. When taking a scheme-based approach to building an Open Data ecosystem, it is the job of the scheme owner to define the standards, rules and operating procedures that participants sign up to. This means creating the scheme rulebook, processes and infrastructure requirements that underpin the Open Data…
2024: A Year of Increasing Data Complexity
One thing was apparent in the data management space over the past year; the job of chief data officers became increasingly complex as the volume of data their organisations ingested swelled and the uses to which it was put expanded. All that despite the flowering of technologies with the potential to make life easier for…
GLEIF Creates Links to Dutch Chamber of Commerce Register
The Global Legal Entity Identifier Foundation (GLEIF) has provided links to the data of companies registered with the Dutch Chamber of Commerce (KVK), enabling institutions around the world to easily obtain information on those firms. The links are connected to GLEIF-created legal entity identifiers assigned to each of the companies on the register and will…
A-Team Group Announces Winners of its Data Management Insight Awards Europe 2024
The winners of A-Team Group’s Data Management Insight Awards Europe 2024 have been announced, with another crop of outstanding companies recognised for their innovation, expertise and performance. Established solution vendors and ground-breaking newcomers alike are acknowledged in the awards for providing leading data management solutions, services and consultancy to capital markets participants across Europe. Over…