Editor’s pick
TurinTech Deploys GenAI to Accelerate Financial Software
The costs associated with poor quality software coding are startling. In dollar terms alone, companies in the US incurred a US$2.4 trillion hit from the direct impacts and cost of correcting poor coding, according to a 2022 survey by the Consortium for Information and Software Quality (CISQ). That’s before indirect costs such as reputational and...
Top Blogs
Rich Talent Pool Lures Arcesium to Portugal
Portugal’s combination of high-quality expertise in technology and finance was the key driver behind Arcesium’s decision to locate its first continental European office in Lisbon, the data management provider has revealed. The Atlantic coastal city of 3 million people came out as the top pick from a list of 50 European cities considered by the...
Asset Managers Can Learn Lessons from New Government’s Cost Pressures
By Thomas McHugh, CEO and Co-founder of FINBOURNE Technology. Any new government brings the inevitable “change” message, but one thing never changes regardless of who has the keys to the treasury – seeking out departmental cost savings wherever humanly possible. With unprotected departments facing cuts of up to 2.9% according to the Institute for Fiscal Studies,...
Unlocking Private Market ESG Data through AI
By Yann Bloch, VP Product Management at NeoXam. In today’s investment world, the importance of integrating environmental, social, and governance factors into investment strategies is no longer up for debate. Asset managers globally recognise that sustainable business practices are not only vital for ethical considerations but are also critical for long-term financial performance. Despite this recognition,...
Latest briefs
ESG Book Clients Offered Access to Vyzrd Climate Technology
Sustainability data provider ESG Book is to use Australian firm Vyzrd’s climate risk technology to help clients assess their portfolios’ exposure to threats posed by global warming. Clients of ESG Book’s SaaS-based platform will be able to use Vyzrd’s Climate Forward analytics to put a value on the risks that assets face from climate change…
Taleo to Use CrateDB Data and Tech for Financial Clients
CrateDB’s database services will be used by Luxembourg-headquartered consultancy firm Taleo to help its financial clients with their data management and analytics processes. Taleo will harness California-based CrateDB’s data to surface real-time insights in the banking, insurance and data management sectors. It will also aid clients in enhancing risk management and compliance capabilities, improve customer…
Writer Builds New LLM for Financial Sector
A new specialised large language model (LLM) has been created by American technology firm Writer for financial services firms based on its Palmyra products. The Palmyra-Fin-70b model enables firms’ generative artificial intelligence (GenAI) platforms to assist in financial forecasting, investment analysis, risk evaluation, fraud detection, and asset allocation strategies, the company said. The new LLM…
Charities Fund Manager CCLA Deploys Finbourne’s EDM+
Investment data management solutions provider Finbourne Technology will take on a range of data management capabilities for the UK’s largest asset manager for charities, CCLA. The British technology company, whose clients oversee more than US$4 trillion of assets, will provide CCLA with services via its EDM+ platform, which it says will help the client manage…
Latest Stage of UK SDR Comes into Force
The next stage of the UK’s sustainability disclosure requirements (SDR) came into effect today, enabling companies to use the Financial Conduct Authority’s (FCA) new labelling regime for investment products. The four labels are designed to more accurately reflect the level of sustainability of each product. They have been designed, along with anti-greenwashing rules and guidance…
Arcesium Opens Office in Lisbon
Data management provider Arcesium has opened an office in Lisbon, Portugal, its first in continental Europe. The New York-headquartered company whose data and investment lifecycle services are used by financial institutions that have a combined US$4.3 trillion under management, said the move was part of its global expansion. It has also offices in the US,…
ISS STOXX Offers Banks, Insurers New ESG Compliance Data Tool
ISS ESG, the sustainability arm of ISS STOXX, has unveiled its Industry Average Emissions Intensity dataset for use by banks and insurance companies. The latest addition to the Switzerland-headquartered data and technology provider’s Climate Solutions suite of tools is designed to help companies comply with regulations including the European Banking Authority (EBA) Pillar 3 ESG…
SymphonyAI Extends Financial Crime Data Solution
Artificial intelligence-powered software-as-a-service provide SymphonyAI has expanded its financial services offerings with a product to help organisations overcome entity data shortcomings that could enable financial crime. The Palo Alto, California-based company said its Entity Resolution service enables clients to solve issues such as records duplication, poor data quality and data fragmentation. The company, which focuses…
NeoXam Provides GP4 Solution to French Fund Administrator
French fund administrator FB Fund Services will integrate financial software specialist NeoXam’s GP4 product to administer its investment valuation, accounting, reporting, and auditing processes. The unit of private equity group 123 Investment Managers (123IM) will deploy GP4 to monitor bookkeeping in real time, improve workflow automation and seamlessly integrate key data sources, Paris-based NeoXam said…
DSB Publishes Stakeholder Feedback Report on ISIN, CFI and UPI
The latest report making recommendations for standards for identifying, classifying and describing over-the-counter derivatives has been published by the body charged with bringing order to the naming of the securities. The Derivatives Service Bureau (DSB) said its Industry Consultation Final Report summarises feedback from industry stakeholders on the OTC International Securities Identification Number (ISIN), 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…
Bridgewise Brings AI-Powered Analytics to ETFs, Fund Space
AI-powered investment analysis platform Bridgewise has launched a research platform it says will close the gap in exchange-traded fund (ETF) and mutual fund analyses. The service will offer financial clients deep intel into ETF and fund performance, including that of their underlying assets, the company said. Bridgewise has deployed machine learning and micro-language models (MLMs)…
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…
Bloomberg Adds Data for Compliance with EU Corporate Sustainability Reporting Directive
Bloomberg has added a data offering to the Bloomberg Terminal that collates data that companies have started to report in line with the EU’s Corporate Sustainability Reporting Directive (CSRD). The offering is also available via Data License for scalable enterprise-wide use. CSRD expands the range of firms that need to disclose ESG data publicly and…
Latest people
Syniti Appoints New EMEA Vice President
Syniti has promoted Alyssa Sliney to senior vice president of the Europe, Middle East and Africa region at the enterprise data management company. Sliney joined the US-based company two decades ago and most recently held the position of senior delivery partner, where she oversaw the quality and governance of Syniti’s Knowledge Platform and its master…
ESG Book Names RegTech Veteran Fitzpatrick as New Chief Executive
ESG Book has named Justin Fitzpatrick, the founder and executive of several UK-based RegTech companies, as its new chief executive replacing global sustainability leader Daniel Klier. The Germany-based data and tech company, which made headlines in 2021 when it put a large part of its ESG database on a free-to-use platform, said Fitzpatrick has “deep expertise…
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…
Fenergo Strengthens EMEA Presence with Appointment of Ruth Ormsby as MD in the Region
Fenergo, a provider of know your customer (KYC), transaction monitoring and client lifecycle management (CLM) solutions, has bolstered its presence in EMEA with the appointment of Ruth Ormsby as managing director in the region. Based in London, Ormsby is tasked with strengthening Fenergo’s presence in the corporate and institutional banking sector as it seeks to…
Rimes Relocates Global Head of Data Management Office to Manila
Rimes, a provider of enterprise data management and investment management solutions, has announced the relocation of Mark Sedgwick, global head of the firm’s data management office, to Manila in the Philippines. In addition to his existing position, Sedgwick will head up the growing Manila office. Rimes employs about 150 people in Manila and is looking…
Xceptor Names Keith Man as General Manager of APAC Business
Xceptor, supplier of an intelligent automation platform for financial markets, has named Keith Man as general manager of its Asia-Pacific business based in Singapore. The appointment underscores Xceptor’s continued investment and growth in the APAC region. Man will play a role in driving client success, as well as strategic partnerships and alliances in the region….
NeoXam Appoints Lead for EMEA West with Aim to Build Presence in the Region
NeoXam has appointed Charles Sayac, former global head of sales at European asset manager Amundi Technology, as managing director of EMEA West in a bid to build the company’s presence in the region. Sayac will lead operations from NeoXam’s Paris headquarters and play a pivotal role in consolidating the company’s footprint in EMEA. He brings…
NeoXam Names Matthew Greninger as Managing Director of Americas Region
NeoXam, a provider of data management, reporting, portfolio management and valuation software, has named Matthew Greninger, former head of sales for the Americas at Duco, as managing director of its Americas region operating out of the company’s NeoXam’s New York City office. Under the global management of NeoXam CEO Florent Fabre, Greninger will join the…
Frank Slootman Steps Down as Snowflake CEO, AI Lead Sridhar Ramaswamy Steps Up
Snowflake CEO Frank Slootman has decided to retire and will be replaced by Sridhar Ramaswamy as CEO and member of the board of directors effective immediately. Ramaswamy previously held the position of senior vice president of AI at Snowflake. Slootman will continue to serve as chairman of the board. Since joining Snowflake in May 2023…
Tamr Promotes Anthony Deighton to CEO
Tamr, a provider of AI-powered data products, has promoted Anthony Deighton to the post of CEO, he will also join the board of directors. Deighton succeeds Andy Palmer, who has led the company’s growth as Tamr co-founder and CEO since its founding a decade ago. Palmer will remain on Tamr’s board as executive chairperson and…
Rimes Names Olrick-Anselme Olenga Disashi as Global Head of Client Managed Services
Rimes has announced the appointment of Olrick-Anselme Olenga Disashi as global head of client managed services. He joined the company in December 2023 and oversees all aspects of client management and operational functions including client satisfaction strategy, solution delivery, service performance and optimisation frameworks, governance and control improvements, strategic decisions and day-to-day feed distribution management…
Gresham Names Andrew Elmore as CTO, Neil Vernon Moves to Innovation Lead
Gresham Technologies, a provider of real-time data integrity and control solutions, has named Andrew Elmore as CTO. Neil Vernon, the current CTO, will transition to a newly created role as chief product and innovation officer. Elmore joins Gresham from AutoRek and brings expertise in software development, cloud computing, AI and cybersecurity to the company. Prior…
SimCorp Names Enzo Cotroneo as Australia Country Manager
SimCorp, a subsidiary of the Deutsche Börse Group, has named Enzo Cotroneo as country manager for Australia with the remit to focus on business development and set the strategic direction for continued growth in Australia. Based in Sydney, Cotroneo has extensive leadership capabilities that will play a pivotal role in driving SimCorp’s expansion in Australia….
RIMM Appoints Former KPMG Sustainability Exec as Adviser
AI-forward ESG data and tech provider RIMM has appointed former KPMG sustainability executive Sue Bonney as a senior adviser. Bonney, who is also an adviser to communications firm Kite Insights and a non-executive director at non-profit responsible leadership mentor Forward Institute, will advise London-based RIMM on integrating ESG into investment strategies.
LSEG Appoints Irfan Hussain as Chief Information Officer
The London Stock Exchange Group (LSEG) has announced the appointment of Irfan Hussain as its new Chief Information Officer, with effect from January 2024. Based in New York, Hussain will lead LSEG’s technology division and will be part of the Executive Committee, directly reporting to CEO David Schwimmer. Before joining LSEG, Hussain held prominent positions…
Featured
FEATURED WEBINAR
Upcoming Webinar: Best practices for buy-side data management across structured and unstructured data
Date: 14 November 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Data management is central to asset management, but it can also be a challenge as firms face increased volumes of data, data complexity and the need to consolidate structured and unstructured data to gain valuable insights, improve decision-making, step…
FEATURED EVENT
AI in Capital Markets Summit London
The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.
FEATURED GUIDE
Regulatory Data Handbook 2023 – Eleventh Edition
Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new…
Top White Papers
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...
The Evolution of Outsourcing Data Operations for ESG and Private Assets
Financial institutions are grappling with a substantially changed operating environment that’s placing novel pressures on their data management processes. As organisations navigate a more volatile global financial picture, many are tacking towards a multi-asset business model that demands new capabilities and expertise. They are also having to bolster their regulatory compliance capabilities, as new disclosure...
Modernizing Data and Technology for Institutional Client Services
Institutional client services providers are being expected to recalibrate their operations as their clients’ business models evolve. Higher costs, new geopolitical risks and a move towards more complex automated services has prompted their customers to seize technological opportunities that enable them to take greater control of their assets and operations. They want more agile service...
Events and webinars
Recorded Webinar: S&P Recorded Webinar: Confidence and Clarity – Understanding Valuation Risk
This recorded webinar will help you to understand how valuations and pricing have evolved over the last couple of years in the post-crisis environment. In this session, you will hear different perspectives on how market participants have been tackling the valuation risk challenge from Paul Sharkey of Northern Trust, James Dimech Debono of KPMG, and...
Recorded Webinar: Ideas at the Edge – Managing Risk Information in the Siloed Enterprise
This webinar has passed, but you can view the recording here. Risk management has been accepted as the new imperative for financial institutions of all types and sizes. But for Tier 1 and Tier 2 banks and brokerages, the complexity of their organisations is presenting risk professionals with a thorny data management challenge: How to...
Recorded Webinar: What the LEI Means for your Firm
This webinar has passed, but you can view the recording here. This A-Team Webinar looks at the implications of the emerging legal entity identifier (LEI) for financial institutions as they address how to implement the new standard, and offers suggestions on best practices as the LEI becomes available. The industry initiative to develop and promote...
Awards
ESG Insight Awards
The 2024 ESG Insight Award winners revealed. The ESG Insight Awards have been designed to shine a light on ESG providers and celebrate innovations that help us make progress with such an important goal for the industry.
