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

A-Team Insight Blogs

Informatica’s Hsu Talks up Market Data and Standards Libraries Developments

EDM platform provider Informatica has extended its capital markets ambitions with added bells and whistles with the addition of new market data feed and data standards libraries, including Bloomberg and Depository and Clearing Corporation (DTCC) versions. Karen Hsu, director of product marketing for the vendor, explains to Reference Data Review how Informatica is also connecting with key partners such as Numerix to add downstream functionality to its data hub.

The full list of new B2B Data Transformation libraries comprise: 2011 NACHA library; 2011 SEPA library; 2011 BAI library; 2011 FpML library; 2011 FIX library; 2011 Bloomberg PerSecurity library; 2011 Bloomberg BackOffice library; 2011 Bloomberg Extended BackOffice library; and 2011 DTCC library. These have been added to its existing list of libraries, which includes Swift and SIX Telekurs versions.

Given the plethora of standards discussions at Sibos this year, the vendor’s efforts are aimed at the sweet spot of taking away the pain of dealing with the addition of new standards frameworks. To this end, these libraries contain pre-built transformation rules that the vendor claims can significantly reduce the costs and time to market of deploying standards and managing them as they evolve. “The addition of these new libraries allows for a dramatic reduction in financial format integration time and costs,” explains Hsu.

To provide a bit of background, Informatica offers a modular data management solution set including data acquisition, data management and data syndication modules that all sit on its Informatica Platform and has recently developed a more tailored approach to the capital markets. Hsu indicates that this modular approach allows customers to pick and choose the solutions they require without having to rip and replace their current systems, thus supporting a coexistence architecture. This means, for example, that an Informatica data acquisition solution can sit beside a GoldenSource EDM platform or other similar platforms.

The vendor is also working closely with Swift in order to provide value adds on top of Swift standards and messaging in the data management space. This includes data onboarding, auditing, legal entity data management and dealing with specific data rules. Given the legal entity identification (LEI) efforts being championed by industry groups, Swift and the Depository Trust and Clearing Corporation (DTCC), these efforts are likely to garner the attention of firms considering which vendors to partner with (if they decide to buy rather than build) in cross referencing to the new standard (or standards).

Related content

WEBINAR

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

A-Team Group Releases Entity Data Management Handbook 2021

The use of accurate, complete and timely entity data and modern entity data management solutions can be the difference between regulatory compliance and penalties for non-compliance, doing business with the right or wrong customers, and complying with sanctions and Politically Exposed Persons (PEPs) requirements or breaching these and incurring eye-watering financial fines and reputational damage....

EVENT

Data Management Summit USA Virtual

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...