Introducing RegTech Insight

Data Management Insight Briefs

Bloomberg Acquires RegTek.Solutions

Bloomberg has acquired RegTek.Solutions, a specialist in global regulatory reporting software solutions. The firm, which provides modular software solutions built around actionable regulatory intelligence, will be integrated with Bloomberg’s Regulatory Reporting Hub (RHUB), as well as Bloomberg’s enterprise data management and trading systems. The acquisition will combine Bloomberg’s data enrichment and reporting capabilities with RegTek.Solutions’ quality and control tools across a broad range of global reporting jurisdictions. Clients will have access to a fully electronic reporting workflow including transaction reporting eligibility, data validation, enrichment and reconciliation. Further news to follow.

SmartStream RDU Readies Services for Brexit

The SmartStream Reference Data Utility (RDU) has implemented changes to its MiFID II Reference Data Service and Systematic Internaliser (SI) Registry to accommodate Brexit. For the MiFID II service, SmartStream RDU will make both ESMA and FCA data available, either as an integrated delivery or separately. It will also support ESMA and FCA pre- and post-trade reporting through its cloud-based REST API service. The SI registry has been proactively enhanced to indicate whether an individual SI status is relevant to ESMA reporting, FCA reporting or both.

Axioma Adds Upgraded UK Equity Risk Model

Axioma has added a new UK equity risk model (AXUK4) to its next-generation Equity Factor Risk Model suite. The release builds on existing risk models, offering enhanced country-specific content to meet the risk-management needs of investors. AXUK4 delivers risk insights on over 6,000 UK Kingdom-listed securities, including REITs and ETFs. The updated model incorporates deep daily history, with coverage starting in 1997 to enable portfolio construction and back testing, transparent attribution, and hedging.

EDI Releases Point in Time Security Reference Feed

Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has released a security reference file feed called PIT (Point In Time). The feed allows clients to track, at a listing level, changes to securities coding and other key security reference data points at any point in time. The point in time’s start and end dates use public domain effective date from the event that triggered the change. This means historical reference data returned by query will represent the actual values that markets would have recorded on the specified search date.

Moody’s Acquires RiskFirst

Moody’s Corporation has acquired RiskFirst, a provider of risk analytic solutions for the assetmanagement and pension fund communities. The acquisition positions Moody’s Analytics to extend its range of risk solutions to the institutional buy-side.

RiskFirst’s PFaroe platform provides a risk solution for US and UK defined benefit pension markets, covering over 3,000 plans and more than $1.4 trillion in assets. RiskFirst also offers solutions for the institutional investment market, including endowments, foundations and asset managers.

The terms of the transaction were not disclosed. RiskFirst generated £16.5 million of revenue in 2018.

Acuris Partners with SILO Compliance for AML Data Drive

Acuris Risk Intelligence, a provider of data intelligence around anti-money laundering, anti-corruption and cyber security, has joined forces with due diligence management specialist SILIO Compliance System to enhance data capabilities. The partnership will give SILO Compliance users access to the Acuris Risk Intelligence dataset KYC6, including fraud and cybersecurity content, through an online portal that provides compliance teams with capabilities including search, ongoing monitoring, sanctions and Enhanced Due Diligence (EDD) reports.

“The integration of Acuris into the SILO platform further serves our customer’s needs for more automation and streamlining of their compliance processes,” said Kimberly Smith, co-founder of SILO Compliance.

Synechron Data Science Launches New LIBOR Solution

London-based Synechron has launched a LIBOR accelerator using data science to address thechallenges of financial sector benchmarking. The accelerator for LIBOR Impact Analysis enables financial institutions to identify and quantify their LIBOR exposure at either a contract level or across all contracts within an institution. Thesolution leverages Optical Character Recognition (OCR) and three levels of Natural Language Processing (NLP) to identify and quantify LIBOR exposure at the contract level, or across all contracts within an institution.It then allows contracts to be revalued using alternative rates and valuation models for a significant reduction of manual LIBOR impact assessments.

Cbus Chooses Matrix for Data Management

Cbus, Australia’s largest superannuation fund for the building, construction and allied industries, has chosen Matrix Solutions to provide investment management software to aggregate and analyze investment data from a wide variety of sources in order to improve decision making and reduce operational risks. Neil Lotter, Matrix CEO, comments: “We are delighted to be working with Cbus to deliver an innovative investment data platform that willunderpin reporting, exposure analysis and decision making across the firm.”

GoldenSource Makes Luxoft a Preferred Implementation Partner

GoldenSource and Luxoft, a digital strategy and software engineering firm, have formed a global alliance that makes Luxoft a preferred implementation and business development partner for connecting banks, brokers, investment managers and capital markets service providers with the GoldenSource enterprise data management (EDM) platform. The alliance follows Luxoft and Golden Source’s success in delivering data management transformation projects at several global organisations and will target issues including SFTR and FRTB compliance, and Libor transition.

3di Releases Profiler Version 6 with Enriched Catalogue of Alt Data Vendors

3d innovations (3di) has launched version 6 of its vendor analysis tool Profiler, a web-based tool that provides comparative and benchmarking information on market and reference data services, and associated technologies. Version 6 provides an enriched catalogue of alternative data vendors covering multiple industries beyond financial services and delivering unique datasets from non-traditional sources that give traders, asset and wealth managers, and brokers a potential investment edge. 3di developed version 6 in response to client need to derive new insights and expects to cover up to 1,000 alternative data vendors by 2020.