Back-Office Technology
RavenPack Adopts 'NLP-as-a-Service' Model with Focus on Firms' Internal Data
The news sentiment and analysis specialist wants to help banks tap into the datasets they sit on every day, but don't yet possess the capabilities to use.
Asset Managers Fear ESG Data Disclosure Gap
Investment firms need data to meet upcoming regulatory requirements. But corporates aren't making this data available in high enough quantity or quality.
Investment Firms Turn to Alt Data as Historical Models Fail
Researchers say companies are exploring new datasets to plug gaps in analysis since the Covid-19 outbreak.
New Research Grapples with Corporate Actions
Veteran analyst Virginie O’Shea’s new business turns its attention to the ‘soul-destroying’ realm of corporate actions, which is weighed down by inefficiencies, manual processes, and lack of standards.
EDM Council Expands into Analytics, Reflecting Changing CDO Priorities
Analytics will be the eighth foundational pillar of data management covered by the EDM Council's DCAM model, reflecting the importance of data quality to analytics.
Ropnoy Preps Outsourced, On-Demand Data Notifications Management
Ropnoy's WISE service will provide outsourced "heavy lifting" of data notifications processing to help firms handle rising volumes of notifications.
This Week: FactSet/Truvalue Labs, Euronext, Finastra/CloudMargin, DTCC, and More
A summary of some of the past week's financial technology news.
Temenos Continues Digitization of its Investor Servicing Portal
Following its acquisition of digital banking SaaS company Kony last year, Temenos will be updating the UX across all its products.
FISD Reports Progress on Alt Data Standards, Data Dictionary
Officials say FISD's standards efforts will encourage and support broader adoption of alternative data among firms that have previously not had the resources to take advantage of new alt datasets.
Fulcrum AM Looks to Quantify ESG Risk by Honing Hard Numbers
ESG risks will become part of investment and risk management processes across all funds at the firm.
SmartStream Plans to Go 'Cloud Native' with Full Suite of Solutions
After two cloud-native product successes, the vendor plans to migrate all its software to cloud native to optimize the benefits of running in the cloud for clients.
Banks Warn of Rise in Ransomware Attacks
Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert
Morgan Stanley’s Digital Research Assistant Knows Who You Are
The bank's AI-powered research chatbot, developed with Symphony Communications, acts as a personalized research assistant and will soon be rolled out to external clients.
Science Friction: Some Tire of Waiting for Quantum’s Leap
Use cases for quantum computing are piling up—from CVA to VAR. But so are the obstacles
Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance)
Anthony explores some of the questions raised by Refinitiv's plan to move away from Eikon and Thomson One. He also looks at data governance trends, and asks why the FIGI is having such a tough time gaining acceptance.
Cloud in the Time of Covid: If Not Now, When?
The cloud proved to be a saving grace for financial services firms that moved to agile environments even before Covid-19 hit. But there are still appreciable numbers of firms that continue to rely on—and are hamstrung by—legacy and in-house-deployed…
Manulife Refines ESG Methodology and Plugs Data Gaps with NLP
The asset manager has adopted materiality tools, industry handbooks, and NLP techniques to help navigate ESG data limitations.
RPA Provides ‘Quick Wins’, But at What Cost?
Banking experts urge firms to consider re-engineering a process before turning to robotic process automation.
Bloomberg's FIGI: A Case of Red Light, Green Light
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
Milestone Group to Launch Fair-Value Feature to Flagship Platform
The vendor will make the pControl add-on globally available to clients later in 2020.
EU Proposal Takes Aim at Major Cloud Providers
Jo writes that the EU’s new digital package could find large cloud providers operating in the bloc subject to potentially invasive oversight, as the EU strives for “data sovereignty”.
Morgan Stanley, SocGen Shift Sight Line on Who's Accountable for Data
The two banks outline their ambitious data governance programs, which make business professionals culpable for their organization's data decisions.
This Week: MEMX, IUAM/SS&C, Northern Trust, EBS and BME
A summary of some of the past week’s financial technology news.
Banks Struggle to Manage Technical Debt When Dealing with AI, Data Science
Data scientists, IT teams, and the business professionals should work together when deploying emerging technologies and data science models. Otherwise, they may be setting themselves up to fail.