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Financial Data Supply Chain, Part 2: Integration as the Ultimate Weapon
An integrated financial data supply chain creates efficiencies through automation, openness, standards, and communication across the data supply chain from source to use, rather than simply passing data on and out of sight.
Financial Data Supply Chain, Part 1: A Common Foe Requires a Common Language
Many national financial markets have developed unique standards for how transactions, instruments, and entities are classified. As an inevitable result, things get lost in translation.
Global Banks Need to Demonstrate RDA Progress in 2015
Capital Markets Outlook 2015: As the January 2016 deadline approaches for BCBS 239, also known as risk data aggregation, banks need to make sure they have a definitive RDA plan, and can show regulators they are getting closer to their compliance goals.
Financial Services Institutions Gear Up for Social Intelligence
Social media has mainly been a marketing effort in financial services, and many firms are not tracking ROI. Yet, some are deriving value from analysis of social data, whether it's sentiment analysis for trading or credit risk in lending.
Julio Gomez Joins Knowledgent as Industry Strategy Partner
Julio Gomez, the founder of Gomez Inc., has joined data analytics firm Knowledgent as industry strategic partner for financial services.
The Digital Trends for Data-Driven Markets in 2015 & Beyond
Top marketing trends for social, mobile, advertising, and digital analytics, according to Teradata's Michael Lummus
Jefferies Selects Markit for TCA as a Neutral 3rd Party
As Jefferies beefs up its algorithmic trading business, the broker chose Markit to provide trading metrics and reports to the buy side.
Understanding Agricultural Data Means Standing in the Field
Combining the best of new technology with good, old-fashioned walk-the-fields crop tours turns information into insight.
BNY Mellon Aims to Tap Data Science Talent In Silicon Valley
Looking for new ideas and talented data scientists, BNY Mellon has opened an innovation center in Palo Alto.
The Value of Predictive Analytics in Financial Services
Risk management and customer data are two key areas where data analytics is being applied in financial services.
How Big Data Analytics Helps Financial Institutions Navigate Today’s Regulatory Maze
As firms work to meet new regulatory reporting requirements and keep pace with constant change, it all comes down to harnessing data.
The Inefficient Back Office: A Checklist of Pain Points
Many firms consider their reconciliation process fully automated, but "automated" doesn't necessarily mean "efficient."
Finance’s Role in Managing the Ever-Growing Volume, Variety & Velocity of Data
Today's financial firms have done little to harness the power of big data analytics, finds Accenture, but CFOs are stepping in to help guide the organization and its future investments.
How Big Data Will Influence the Financial Space in 2015
Without faster and better analysis and visualization tools, financial institutions will be unable to comprehend relationships or patterns that exist within the data, defeating the point of using it at all.
Chief Data Officers: Organization Strategy & Cultural Change
Chief data officers are new to the financial services C-suite, but they are facing a number of challenges, including the need for new data governance and execution strategies, staffing, and new organizational structures to enable cultural change.
Micro Data Challenges in an Era of Macroprudential Regulation
Research and statistical analysis experts at central banks are tasked with developing sophisticated forecasts and models to identify systemic risk. Yet they are spending most of their time acting as data entry clerks, rather than developing these models.
Teradata Highlights 'Data Driven' Strategy at PARTNERS 2014
In-memory efficiency and tools to identify contextual relationships across systems take center stage at Teradata annual PARTNERS conference.
The Perks of 'SmartSourcing' Shared Services in Financial Industry
A breadth of vital but undifferentiated business processes are still being replicated across the industry. They are all candidates for centralization.
SIFMA Criticizes SIP Selection Process for Lack of Transparency
Citing conflicts of interest in the voting process for a key market data feed, SIFMA letter presses for answers and for brokers and asset managers to get a seat at the table.
Cross-Asset Universal Product Identifier: The Solution the Industry Is Looking For?
A UPI will enable a holistic approach to identifying all trades and positions. While such an idea sounds great in theory, historical attempts at achieving global agreement have fallen short.
No More Muddling Through Data Governance
Regulations are forcing financial firms to formalize their enterprise-wide data management processes, often through the CDO's office.
State Street Operates an Internal Social Network to Spark Innovation
At the InformationWeek Leadership Summit at Interop New York, David Saul, chief scientist of State Street, said companies must tap their employees for innovation, or they are wasting resources.
Raising the Data Management Stakes
Data management can get firms only so far. Advanced data analytics is needed for all business lines and for calculating risk, especially with BCBS 239 on the horizon.
New Tool Prioritizes Critical Data & News for Traders & Investors
S&P Capital IQ and Kuberre Systems are launching Event Fusion, a new product that monitors multiple real-time feeds and alerts investors to critical data impacting their securities holdings.
Big Data Takes Center Stage at Sibos
Banks are rolling out data analytics projects across the business, but leaders still struggle with data privacy, regulations, and finding business value.
It’s Not About the Algorithm Anymore
Today the business priority is less on the algorithm and more on building the organization to create leverage from the algorithm.
SmartStream Hires Industry Veteran to Head Transfomation Services
SmartStream tapped Tom Dalglish, an industry expert on reference data initiatives, to spearhead its back-office transformation services for global clients.
Getting Onboarding Right in the Age of the Customer
Disparate “Frankenstein” systems slow down the onboarding process and impede customer service, says Pegasystems.
Accuracy in the Financial Data Supply Chain
Some of the best-practices from the retail world’s physical supply chain, including data standards and visibility, can be leveraged for efficiency in financial services.
Big Data's Challenge: Matching Business Needs With Technology
All those bits and bytes only add up to something when they’re organized, arranged, and made coherent.
Single Source, Many Truths
If the data quality is not at fault, why then might departments reject the data? The answer is that there are two aspects to data quality: factual correctness and contextual correctness.
IBOR Before It Was "IBOR"
While its catchy new nomenclature and explosion in popularity has given the outside world an impression that it is novel, the same conversations about it were happening twenty years ago. So why then is IBOR the latest buzz word for firms today?
IT Budgets Struggle With Data Growth, Survey Finds
Data is growing exponentially and IT managers are worried about budgeting for future storage. More sustainable solutions must come from the business lines.
Growing Pains: Firms Strive for Business Intelligence Maturity
One significant obstacle to BI maturity is the prevalent tendency to report on activities reactively with after-the-fact analysis.
Market Data Isn't Free – & Other Lessons FinTech Startups Learn the Hard Way
Stephane Dubois shares market data advice for those looking to revolutionize financial technology.
Quandl to Distribute Nasdaq OMX Index Data for Free
Data portal Quandl forms its first partnership with Nasdaq OMX, providing global indexes to a younger generation of financial analysts.
Is Big Data a Problem or an Opportunity?
When it comes to data, financial services firms are, as a rule, quite circumspect. They fear cyberattacks, data theft, data loss, security breaches, data privacy, and human error.
Decision-Making Automation: The Next Financial Services Innovation
As algorithms and the markets continue to evolve, the way traders apply data and analytics to algo creation will lead to the next wave of innovation.
Data Integrity: A Necessity, Not an Option
Financial institutions that have taken on the data integrity task in the past now have to spend more money on hardware, software, and people just to keep up with the demand.
Big Data DIY
Now that we have passed the initial hype phase of big data, companies are searching for real business value from their investments. Consultants can play a part, but only if financial firms insist on a new partnership model.
So Much Data, So Little Time
How fast does data need to be used in order to be beneficial?
5 Ways Semantic Technology Is Transforming the Financial Services Industry
Semantic search intuitively finds and connects relevant data across the enterprise. Innovation in this technology is helping organizations simplify and transform operations.
Cinnober Pledges No Change in Boat Trade Reporting Service After Acquisition From Markit
New owner looks to expand the European trade-reporting service beyond the 40 investment firms and MTFs currently reporting trades to Boat.
The Discipline of Information Lifecycle Management
Banks need to build discipline around the information lifecycle and the process of deleting data that is no longer required from a legal or business standpoint.
BATS to Launch BATS One Data Feed
Reflecting its merger with Direct Edge, BATS Global Markets will offer a new direct data feed product with a unified view of aggregate quotes, trades, and optional depth information for all four equity exchanges it operates.
Bloomberg Vault Dives Into Dark Data
Bloomberg's enterprise information management service launched File Analytics to help companies manage and unlock the potential of unstructured data.
This Is Why Data Is the Next Frontier in Competitive Advantage
In this era of regulation, there is an evolution in data management that can revolutionize the way a financial firm sees its data.
Data Quality: The Misguided Quest for the Truth
There are a number of reasons for the high failure rate in data warehouse projects, but I believe that one of the primary culprits is the misguided quest for the truth.
Market Data Expense Expert Hires New CEO
The Roberts Group has hired a former Omgeo executive as CEO to expand the company, which already helps buy-side and sell-side firms reduce market data expenses between 10% and 30%.
Persistent Automation for Fund Management
In this age of data management, operational models must be able to house, curate, and level-off information sets as they happen.
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