The joy of Basel III

Like one of Switzerland's many skii runs, Basel III will be a challenge, says Celent

Basel III has transformed liquidity risk management departments into glorified regulatory functions, according to a new report by analyst firm Celent. As if this good news was not enough to be getting on with, the research house also inevitably concludes that banks will have to change their risk data, models, appetite, organisational and analytics frameworks too.

Relieving the pain and expense of compliance data management

Jon Asprey Trillium Software - 2

The data management aspects of compliance can run into tens of thousands of man-hours per institution, each year. Firms have to adapt and find new techniques to manage this increasing burden.

McObject hires Hillier-Brook as European rep

US data management company McObject has appointed Ian Hillier-Brook as its representative in the UK and Europe.

BBVA Asset Management picks Markit for EDM platform

BBVA says its new system will help it to manage its data

BBVA Asset Management has chosen an enterprise data management platform from Markit, which will act as hub for its securities, portfolio, fund, issuer and position data in several countries, including Spain and Mexico.

Big banking is watching you

Radclyffe: big data may mean better customer service, but more could be done

Online retailers have become sophisticated at observing customer behaviour, and then marketing based on the individual’s inclinations and past actions. Now, banks are starting to do it too. That could lead to some interesting scenarios, according to Charles Radclyffe, chief executive officer at business intelligence consultancy BIPB.

Kenshō builds first analytics platform on Nasdaq OMX FinQloud

Kenshō will become the first financial analytics firm  on Nasdaq OMX FinQloud

Start-up financial analysis company Kenshō is planning to become the first professional analytics platform built completely on Nasdaq OMX’s FinQloud cloud computing platform, which is powered by Amazon Web Services.

Banks rush to bolster compliance

Nick Patience isdirector of market development at Recommind

Firms like JP Morgan and HSBC have taken major measures to improve internal controls so that they can comply with new and changing regulations. It won’t end there.

Accuity rolls out flexible database tool

Two years on from the merger of Accuity and Bankers Almanac, the company has combined its counterparty and payment databases into a new tool that allows users to integrate them into their own workflows.

BAML builds single data repository

Bank of America Merrill Lynch (BAML) has completed consolidation of client transaction banking data from multiple systems into a single centralised data repository. The service will provide corporate clients with up to 14 months of data online or in file format.

Data management: Knowledge is power


Standardised data architecture at financial institutions is no longer a ‘nice to have’. Regulatory pressures and headline grabbing fines have rocketed enterprise data management to the top of the boardroom agenda.