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

A-Team Insight Blogs

ValueLink Integrates Adept Solution into PriceValidation and CounterpartyCollection Services

ValueLink has integrated its Automated Data Extraction Processing Tool (Adept), which automates the processing and validation of OTC counterparty data and fund data, into its PriceValidation and CounterpartyCollection services. According to the vendor, Adept automates the whole process from receipt of data to data upload, including exception notification.

Adept was developed as a solution to the myriad of data sets that are required in the market data arena but are only provided as an embedded document attached to an email or from a website, says ValueLink. It provides data source definition, schedule definition (notification of whether the data has been collected or received), identification and definition of the data sets required, data validation configuration, exception handling notification and, finally, data upload to ValueLink database.

It is aimed at reducing operational and reputational risk, increasing process efficiency, eliminating manual processing and providing scalability. This final implementation of Adept is the conclusion of over two years of development of services predominantly targeted towards satisfying clients’ counterparty collection requirements.

Trevor Beach, operations director at ValueLink, explains: “The release of Adept is the culmination of ValueLink’s determination to automate the collection and processing of counterparty data. This automation enables us to provide our clients with a cost effective solution to control their operational risk.”

He claims it is a crucial step forward in a function where many market participants rely on data manually collected, either in house or from a data vendor, and often in areas where cheap data input is recognised but there is little industry knowledge. “The alternative is the manual data collection and input by relatively expensive fund accounting teams,” he says. “These practices lack scalability, give little confidence for data accuracy and represent serious operational risk. Our solution removes the manual involvement, is fully scalable and controls the operational risk.”

Sitting on top of Adept are the standard ValueLink service elements of data validation, dedicated client administration and an array of reporting functions, says the vendor. The data validation can be tailored to meet individual client demands and the dedicated administration includes chasing counterparties for any delayed, erroneous or missing data.

Beach reckons the reporting element has proven particularly useful in satisfying the complex requirements for the administration of illiquid OTC derivative data. This detailed reporting supplements the demand for greater transparency and independence, he claims.

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

SIX Acquires ULTUMUS to Strengthen ETF and Managed Data Service Offering

SIX has acquired ULTUMUS, a global index and exchange-traded funds (ETF) data specialist, to strengthen its ETF and managed data service offering. The companies have been partners for some time, with SIX acquiring ULTUMUS from investment firm ETFS Capital. ULTUMUS will initially operate separately to SIX and will carry on delivering index data from SIX...

EVENT

ESG Data & Tech Summit 2022

This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Entity Data Management Handbook – Fifth Edition

Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real...