The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Eagle Investment Systems Discusses Move to Agile Delivery Platform

Eagle Investment Systems has released the next generation of its core portfolio management software, saying the 2017 release will be its last traditional software release as it is moving to a more agile and continuous delivery model to help users keep pace with evolving regulatory demands and technology change.

The company is also firming up ties between its software and the Nexen technology platform offered by parent BNY Mellon. Nexen, a cloud-based and open source technology platform, hosts hundreds of investment management apps provided by BNY Mellon, subsidiaries such as Eagle and selected third parties. These apps all co-exist on Nexen and can be accessed through application programming interfaces (APIs), user interfaces and dashboards.

The 2017 release of Eagle’s portfolio management software extends the suite’s derivatives coverage as well as its fund accounting capabilities. The release also includes additional operational tools and platform developments. Fund accounting improvements include enhanced expense processing, added workflows to meet new money market regulations, and functionality to address reporting requirements stemming from regulatory modernisation by the Securities & Exchange Commission (SEC). On derivatives, the company has expanded coverage of asset types and added workflows to handle complex securities as well as automation to streamline processes for derivatives and total-return swaps.

Steve Taylor, chief technology officer at Eagle, says: “A key trend we’ve seen is clients adopting more Software-as-a-Service or managed service solutions. This has opened up opportunities to scale the operational tools that sit around our data management capabilities, provide a one-to-many type relationship, and ensure an operational backbone to support clients.” He adds: “We’re also working more with clients to support unstructured data.”

In terms of Nexen, Eagle is focusing on integrating its strategic fund accounting and other software with the platform. It is also providing underlying data sources to support Nexen API initiatives – particularly in the middle office, fund accounting and insurance space – and light up some of the platform’s capabilities.

Reversing the relationship, Eagle has added an analytics layer to its Access private cloud that is based on BNY Mellon’s Digital Pulse technology and provides big data analytics showing the status of operational data such as how many trades are failing and reference data quality.

Related content

WEBINAR

Upcoming Webinar: Best practices for regulatory reporting

Date: 20 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Regulatory reporting has been a cost and resource burden for financial institutions for many years, with the race to compliance in a highly regulated market often leading to multiple, singular regulatory reporting solutions. Legacy systems add to the challenges...

BLOG

Refinitiv Acquires GIACT to Boost Risk and Compliance Capabilities

Earlier this month, Refinitiv signed a definitive agreement to acquire Giact System (GIACT), a US-based specialist in digital identity, payments verification and fraud prevention, in order to boost its existing risk and compliance capabilities. RegTech Insight spoke to the key participants in the deal to learn more. The acquisition of GIACT comes at a time...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...