Data management
Snowflake partners with BMLL in another big tech-fintech tie up
The collaboration comes as part of both companies’ desire to eliminate end users’ need for intensive data engineering, as well as costly in-house data storage.
Bloomberg rolls out integrated alt data for Terminal users
The initial launch includes consumer spend and foot traffic geolocation data—pre-integrated with all the other data on the Bloomberg Terminal.
Behavioral analytics: the data trend that has asset managers looking inward
Vanguard and others are building tools that “nudge” investors to make better investment decisions.
Waters Wavelength Podcast: David Hardoon dissects language models
David Hardoon returns to talk about the field of language and how it’s the ‘heart and soul’ of artificial intelligence.
SS&C Advent is working towards its cloud evolution
Three years after laying out its cloud roadmap, the vendor is still pushing ahead with the Genesis platform as the foundation.
Six banks team with Expand Research to create data vendor catalog
The initiative aims to help firms better manage the data they already use and to identify and compare alternatives available in the market.
Industry divided on whether Europe should delay FRTB
Most bankers prefer to keep to earlier start date, even though it puts continent out of sync with US.
Snowflake: Data strategy essential for AI
The cloud data platform provider continues to make investments in data quality and cleansing.
Social distancing: Putting a $ value on the ‘S’ in ESG
The ‘social’ pillar of ESG has been much overlooked and underserved in terms of reporting and accurate and available data. That’s changing.
Ex-LSEG execs partner to offer data strategy consulting
Dunlap and White have held senior roles on the buy side, sell side, and at vendors and exchanges, over careers spanning more than 30 years each.
People Moves: Northern Trust, Finbourne, HKEx, Broadridge, and more
A look at the past month’s people moves within the tech and data space, including Benze Lam (pictured), who becomes Northern Trust’s Hong Kong head.
State of the tech: A half-year check-in with large language models
AI is having a moment, and data vendors and software providers are seizing on it. Some are building models in-house, while others are looking to third parties to power their strategies—but the focus is largely on productivity and faster data access…
Charles River, software, data sales drive State Street in Q2
As traditional revenue lines declined at the custodian as a result of market forces, front-office software sales made big gains in its quarterly results.
Banks’ internal watchdogs bark back at ChatGPT
Generative AI has plenty of uses in finance, but banks must first overcome compliance headaches
This Week: Confluence Technologies, Genesis, LexisNexis, and more
A summary of the latest financial technology news.
Questions surround buy-side tech consortium Hub
Little has been heard of the company formed by Pimco, Man Group, State Street, IHS Markit, Microsoft, and McKinsey since their announcement in January 2021.
Bloomberg, Snowflake ally to accelerate cloud data adoption
Bloomberg has built an app in Snowflake’s cloud framework that will make it simpler and faster for Snowflake clients to populate their cloud-hosted tools with Bloomberg data.
Waters Wrap: The path to generative AI is paved with solid data practices
While large language models are likely to proliferate, those that can develop a solid data infrastructure of taxonomies, ontologies, data sourcing, mapping and lineage will be the ultimate winners, Anthony says.
FRTB forces banks to rethink entire data management infrastructure
Data mapping and getting historical time series data are among the challenges banks face in conducting calculations necessary for FRTB. But they have help.
SFDR: A data project that’s becoming ‘a real headache’
SFDR mandates that asset managers must start publishing ESG data in a few weeks, but sourcing the new metrics has proved challenging, and a host of questions remain.
Waters Wrap: Goldman Sachs and the facts and fiction of being data driven
Neema Raphael, CDO and head of data engineering for Goldman Sachs, explains what he believes it means for a firm to be data driven.
Amid tightening regulatory pressure, good data governance is key
Financial firms can’t afford to treat data governance as a one-off, check-the-box exercise. Instead, senior data management execs say, it should be treated as an ongoing series of regular health checks.
Deutsche Börse seeks seat at tech leader table with SimCorp buy
With exchanges such as Cboe, Nasdaq, LSEG, and ICE leading the pack of exchanges that double as technology companies, the German exchange is playing catch up with its proposed offer for buy-side tech vendor SimCorp.
Data management: Light at the end of the tunnel?
Data management issues have always presented challenges for the financial services industry. Here, DTCC explores why, with the right technologies, disciplines and structures in place, there is now reason for optimism.