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Meeting New Capital Markets Challenges: Gresham and Alveo Leaders Discuss Merger and Future Plans
The merger of Gresham Technologies and Alveo, which was announced last week, was born of a desire by each company to scale their capabilities to meet growing international demand from financial institutions at a time of increased focus on data management. The venture saw Gresham Technologies delist from the public market to create the new…
Alveo and Gresham Merge to Offer Data Services at ‘Significant’ Scale
Data management software and services providers Alveo and Gresham Technologies have merged in a deal that the newly augmented company says will offer clients data automation and optimisation at “significant” scale. The new business, which will be known as Gresham, will be based in London with former Gresham Technologies chief executive Ian Manocha continuing the…
AIA Group Adopts Investment Tech from BlackRock and BNY
AIA Group has incorporated BlackRock’s investment platform Aladdin with BNY’s data management services to administer the Asia-focused life insurer’s investment programme. The move represents a transformation of the insurer’s end-to-end investment processes, echoing a broader trend towards the outsourcing of data management services by asset managers and owners. The company said the collaboration with Aladdin…
Informatica Sees a Future of AI-Focused Innovation Releases
Informatica has had a busy 2024, announcing major new innovations and partnerships as it brings artificial intelligence to the fore of its cloud-based data management offering. Last month the California-based company deepened its association with Databricks, providing the full range of its AI-powered Intelligent Data Management Cloud capabilities within Databricks’ Data Intelligence Platform. The expanded partnership…
Financial Firms Have Widest Data Security Perception Gap: Survey
The financial services sector has the widest gap between perceptions about its data security and its vulnerability to data attacks. A survey by data security provider Dasera found that 73% of institutions questioned said they had high levels of confidence in their ability to fend off ransomware attacks, data breaches and other unauthorised uses of…
Alternatives Data Service Firm Canoe Raises $36m in New Funding
Canoe Intelligence has raised US$36 million in a Series C round to help the alternatives market technology company build out its artificial intelligence-supported fund master database services. The fundraising was led by Growth Equity at Goldman Sachs Alternatives. F-Prime Capital and Eight Roads, which contributed to a previous cash injection last year, also joined the…
Delta Capita to Provide CLM to European Unit of Daiwa
Capital markets consulting, managed services and technology firm Delta Capita is to provide its client lifecycle management (CLM) product to investment bank Daiwa Capital Markets Europe. The investment banking subsidiary of Japanese brokerage Daiwa Securities said Delta’s CLM will help its international clients gain exposure to the Asian nation’s markets at a time of growing…
AccessFintech Appoints Ex-JPM Data Leader Naveen as Product Chief
Financial markets data company AccessFintech has appointed Naveen TV as head of product to lead development of the UK-based company’s services on its Synergy data infrastructure. Naveen joined the real-time data feed provider from JP Morgan, where he was global head of data strategy and AI. In a 12-year career at the global bank he…
AI in Asset Management: Buy-Side Attitudes toward GenAI and LLMs
Since ChatGPT exploded onto the scene in late 2022, financial markets participants have been trying to understand the opportunities and risks posed by artificial intelligence and in particular generative AI (GenAI) and large language models (LLMs). While the full value of the technology continues to become apparent, it’s already clear that AI has enormous potential…
S&P Global Market Intelligence Updates Capital IQ Pro with Fixed Income Data and GenAI Summarisation
S&P Global Market Intelligence continues to update its Capital IQ Pro data and analytics platform with the addition of more than 19.4 million fixed income securities with full reference data, pricing and analytics. The company has also added GenAI-powered earnings transcript summarisation capabilities and enhanced private markets and segment data. The fixed income data includes…