BST Awards 2024: Best buy-side managed data service—S&P Global Market Intelligence
Product: iLEVEL Managed Data Services
Overview
iLEVEL Managed Data Services centralizes private investments data about clients’ portfolios using AI and subject matter expert review. It specializes in processing financial and operational reporting from fund managers, portfolio companies and borrowers.
At S&P Global Market Intelligence, solving problems for our clients is always the priority. Whether it is delivering more data to achieve greater insight or taking an operational burden off their plates, we want our solutions to meet our clients on their terms. This award re-enforces that we are on the right path with our managed data services offerings across private and public markets
Kevin Guy, head of managed data services for private markets, S&P Global Market Intelligence
The solution
iLEVEL Managed Data Services manages the end-to-end private markets data workflow into the following components: source document collection; data extraction; data review; standardization; exception management; and service delivery. The service leverages AI technology at each step of the process and complementary subject matter expertise, resulting in faster and more accurate data processing and increased data coverage.
Secret sauce
S&P Global sees its combination of proprietary data and scale, best-of-breed technology, use of AI, and team of data experts that combined deliver an end-to-end managed data service as the keys to its competitive differentiation.
Recent milestones
- Enhanced data extraction across fund holdings, capturing data points like Ebitda, revenue and net debt from all available sources
- Started collecting fund performance and financial details across the fund universe (over 10,000 funds)
- Released automated data ingestion (ADI) in iLEVEL, allowing users to capture bespoke data in parallel to data services collection
- Launched separate complementary data management as a service to manage data operations on behalf of clients, managing entity, ESG and reference data
Future objectives
S&P Global Market Intelligence plans to:
- Expand data item capture across schedule of investment data down to security level detail
- Enhance the capture of asset class-specific data for real estate, private credit and natural resources
- Increase total of sustainability metrics for private funds and companies in compliance with regulatory standards to help clients meet investor and regulatory demands
Why they won
S&P Global follows up its success in last year’s BST Awards by winning the best buy-side managed data service category again, thanks to its iLEVEL Managed Data Services offering. It seems that everywhere you look these days across the capital markets technology landscape, managed services are proliferating. And for good reason: Buy-side firms are especially focused on managing their fixed operating costs while simultaneously enhancing the functionality, operational efficiency and robustness of their tech and data stacks.
We’ve said it before, but it’s worth repeating that the managed service model is not just one of the ways to deliver tech and data to financial services firms; at some point, managed services will be the only way vendors do it. The differentiator then is no longer about the delivery mechanism but about the quality of the data or technology on offer. This is S&P Global’s bread and butter with its iLevel Managed Data Services, delivering transparency, granularity and insight around private markets data, which still presents buy-side firms with significant challenges due to poor data quality, a lack of standardization, and opacity. S&P Global’s iLevel offering is designed specifically to help buy-side address these challenges.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
AFTAs 2024: Best AI/machine learning initiative—TCW Group
Project name: EU Securitization Regulatory & Compliance
AFTAs 2024: Best IT team—TCW Group
Project name: ETF Launch Project
Buy-Side Technology Awards 2024 winner’s interview: Kaizen
Kaizen won the Best market surveillance platform category in this year’s BST Awards, discussed in this video with Kaizen’s vice-president
AFTAs 2024: All the winners
Here are the winners of the 27 categories in the 2024 American Financial Technology Awards. This year's multi-category winners are JP Morgan Asset and Wealth Management, Morgan Stanley, TCW Group and Northern Trust.
AFTAs 2024: Best data management initiative—Bank of America
Project name: Enterprise DataConnect
Buy-Side Technology Awards 2024 winner’s interview: S&P Global Market Intelligence
S&P Global Market Intelligence won Best buy-side managed data service for the second consecutive year thanks to its iLEVEL Managed Data Services offering
SimCorp back to its winning ways
What separates SimCorp’s Ibor from similar offerings across the buy side, and its foundational role in the creation of the firm’s recently unveiled investment management platform, SimCorp One.
Buy-Side Technology Awards 2024 winner’s interview: SimCorp
SimCorp won the Best buy-side investment book of record (Ibor) platform category in this year’s Buy-Side Technology Awards. Christian Kromann, CEO of SimCorp, discusses the win.