Business Entity Data special report
June 2015 -- sponsored by AIM Software and Thomson Reuters
Click here to download the PDF
Entity Data Comes of Age
Business entity data isn't just the LEI (legal entity identifier) anymore. As AIM Software's Olivier Schlatter puts it in the Virtual Roundtable in this report on the topic, "entity data has become a major topic of conversation and is now recognized as an important subject matter." With business entity data's newly discovered importance, there is also the realization that centralizing this data, as has been done or attempted with LEIs and numerous other pieces of key reference data, is a good idea.
Schlatter says firms see a need for a central hub, or enterprise data management platforms that can range across data domains and leverage related data elements. JP Morgan's Ludwig D'Angelo sees the advances for entity data operations happening through structure and controls of an overall operating model, with implementations of new operating models driving improvements for handling entity data.
Consultant Ed Ventura adds in the Virtual Roundtable that centralization of business entity data is the direction the industry is headed, so the data can be easily shared by sales, marketing and operations units of firms. And Deloitte & Touche's Sam Auxier poses that a central enterprise utility "that really knows the data at a detailed level," is the leading solution for business entity data.
To feed any possible central solution for business entity data, standardization of
operations, in some cases driven by the LEI, along with validating data and making that data flow more effectively to the research and reporting where it is needed, are important functions to complete, as our Roundtable participants explain. D'Angelo, in the separate Q&A closing this report, points out that establishing entity hierarchies will produce a "matrixed" view of risk from business entity data that undoubtedly will be valuable to firms.
More on Data Management
As datacenter cooling issues rise, FPGAs could help
IMD Wrap: As temperatures are spiking, so too is demand for capacity related to AI applications. Max says FPGAs could help to ease the burden being forced on datacenters.
Bloomberg introduces geopolitical country-of-risk scores to terminal
Through a new partnership with Seerist, terminal users can now access risk data on seven million companies and 245 countries.
A network of Cusip workarounds keeps the retirement industry humming
Restrictive data licenses—the subject of an ongoing antitrust case against Cusip Global Services—are felt keenly in the retirement space, where an amalgam of identifiers meant to ensure licensing compliance create headaches for investment advisers and investors.
LLMs are making alternative datasets ‘fuzzy’
Waters Wrap: While large language models and generative/agentic AI offer an endless amount of opportunity, they are also exposing unforeseen risks and challenges.
Cloud offers promise for execs struggling with legacy tech
Tech execs from the buy side and vendor world are still grappling with how to handle legacy technology and where the cloud should step in.
Bloomberg expands user access to new AI document search tool
An evolution of previous AI-enabled features, the new capability allows users to search terminal content as well as their firm’s proprietary content by asking natural language questions.
CDOs must deliver short-term wins ‘that people give a crap about’
The IMD Wrap: Why bother having a CDO when so many firms replace them so often? Some say CDOs should stop focusing on perfection, and focus instead on immediate deliverables that demonstrate value to the broader business.
BNY standardizes internal controls around data, AI
The bank has rolled out an internal enterprise AI platform, invested in specialized infrastructure, and strengthened data quality over the last year.
