Data Management Insight Brief
Databricks and Frisco Tools Seek to Simplify Workflows
A deal between Databricks and Frisco Analytics is intended to simplify data workflows and unify siloes across enterprises.
The tie-up will make Frisco’s data management tool available to clients on Databricks’ Data Intelligence Platform. Clients will have access to tools to integrate data management and governance, improve data quality and consistency and accelerate analytics and artificial intelligence model development.
RepRisk Data Made Available to Bloomberg Clients
Bloomberg clients can now access RepRisk’s business conduct and ESG risk data, with Data License and Terminal subscribers able to gain insights into more than 100 risk factors across 28,000 companies.
Switzerland-based RepRisk’s business conduct and ESG risk information is updated daily and integrated into Bloomberg’s data pool that feeds clients’ analytics and other processes.
Snowflake Opens Regional Headquarters in Saudi Arabia
Data cloud giant Snowflake has opened a Middle East regional headquarters in the Saudi Arabian capital Riyadh.
The company said it would serve the wider Middle East from the new office, taking advantage of the kingdom’s Vision 2030 programme of modernising its tech base.
NeoXam Completes Acquisition of EZOPS
Data management provider NeoXam has completed its purchase of AI-enabled data control, workflow automation and reconciliation provider EZOPS, whose technology will be merged with that of its new owner.
NeoXam said the capabilities assumed in the acquisition will provide clients with AI-enabled reconciliation, research, remediation and reporting tools. It will be deployed in a Software-as-a-Service model on private cloud or on-premises.
The takeover follows on the heels of China Asset Management’s (China AMC) launch of NeoXam’s DataHub as its new master data management technology.
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 lead users to official data and associated information products on the KVK website.
GLEIF said the new collaboration will help streamline Know Your Customer and Know Your Supplier due diligence processes for clients who access the information. For the companies on the registry, it provides greater global discoverability of their products and services.
Baader Bank Takes Bloomberg ESG Data Feed for SFDR Reporting
Germany’s Baader Bank has added Bloomberg’s ESG data to its feeds as it builds out its Sustainable Finance Disclosure Regulation (SFDR) reporting capabilities in Europe.
The bank, which also provides outsourced management for many investment firms’ funds, adds the feed to its array of Bloomberg products, which include the Terminal and B-PIPE.
Bloomberg’s SFDR data, which is accessible via its ESGD function, provides information on more than 16,000 companies and enables the mapping of reported ESG data to PAI indicators.
Spanish Insurer MAPFRE Links into Aladdin for Asset Management
Insurer MAPFRE’s asset management business has become the first Spanish company of its kind to sign into BlackRock’s Alladin investment management platform.
MAPFRE AM will oversee the management of its US$60 billion portfolio of public and private assets on the platform.
“The adoption of Aladdin will help us unify all of our apps and to streamline our investment process, which will in turn accelerate the growth of our company,” said MAPRE AM chief executive Álvaro Anguita. “MAPFRE is active in 25 countries and financial centres in the major markets around the world. In recent years, we’ve boosted our presence in Latin America and strengthened our business in other countries, such as France.”
Temenos Harnesses NVIDIA Platform for New GenAI Product
Banking software developer Temenos has created a generative artificial intelligence (GenAI) product to help users of its technology to better manage and utilise unstructured data stored in their systems.
The on-premises product has been built with the NVIDIA accelerated computing platform. Temenos’ proprietary model will sit on the NVIDIA platform, offering users “exceptional speed and precision in delivering AI-driven services”, the company said.
“With the high-performance NVIDIA AI platform, Temenos is helping banks future-proof their operations and elevate the customer experience,” Temenos said.
Marshall Wace Gives Bloomberg a Private Market Boost
Alternatives asset manager Marshall Wace has integrated Bloomberg’s IBVAL Front Office as its default pricing engine, underlining the New York-based data behemoth’s eagerness to play a key role in private as well as public markets.
Artificial intelligence-supported IBVAL Front Office updates prices on dollar, euro and sterling credit markets every 15 seconds. It is available through the Bloomberg Terminal and through the company’s B-PIPE real-time market feed.
The announcement by London-based Marshall Wace, which oversees US$69 billion in assets, is a boost to Bloomberg’s efforts to become a leading player in the private market data space. In recent months it has signalled its eagerness to adapt and repackage tools it has developed for public and OTC markets so that they can be used by private equity and credit investors.
Recently it launched a US Leveraged Loan Index, which covers 1,300 leveraged loans with a market value of US$1.3 trillion.
BondWave Expands Functionality in its Effi Fixed-Income Platform
BondWave, a fixed income-focussed FinTech provider, has updated its Effi data insights platform to add new functionality for US Treasury data, trade analysis reports and other processes.
The enhancements been made to Effi’s Portfolio Analytics and Transaction Analytics tools also enable users to more quickly access a larger pool of account statistics and analyses.
“By expanding our analytics offerings in this latest Effi release, our users will have unique insights at their fingertips to help them make more informed investment decisions and meet their critical regulatory requirements,” said BondWave chief executive Michael Ruvo.