Data Solutions Insights


TMS/RMS buying guides launched

9th September 2019

Company: bobsguide
Developments within the fintech arena are never far away. Updates to systems, new technologies, and protocols, aligned with developments in the financial services ecosystem means change is a constant. The developments within the risk and treasury management systems worlds are perfect examples of the speed of evolution upon which technology is... read more

Absence of trader ID disclosures leading to Mifid II reporting failure

3rd September 2019

Company: bobsguide
Uncertainty regarding reference data - particularly the identification of individual traders or decision makers in transaction reporting – is preventing compliance with the second Market in Financial Instruments Directive (Mifid II), according to a lawyer.  “It has unwittingly led to a culture of not taking that reporting field... read more

How artificial intelligence is disrupting the lending industry

23rd August 2019

Company: Chetu
The banking industry has experienced massive changes over the past several decades. Gone are the days of completing all financial transactions in-person at a bank or maintaining all personal financial records as paper documents. Electronic document management systems and third-party credit rating systems allow banks to quickly process loan... read more

ECB takes blame for Bird website infection

21st August 2019

Company: bobsguide
A malware infection which caused the shutdown of a European Central Bank (ECB) website should not be blamed on its third-party service provider, according to a spokesperson at the ECB, as the central bank is responsible for its upkeep. The central bank announced it had shut down its Banks’ Integrated Reporting Dictionary (Bird) website... read more

LSE trading delay an internal problem

19th August 2019

Company: bobsguide
A “technical software issue” at the London Stock Exchange (LSE) which delayed FTSE 100 and FTSE 250 trading was not caused by a third-party vendor, confirmed a spokesperson by email. For Amir Nabi, chief operating officer at Dolfin some organisations may have been put out by the unexpected interruption to trading. “After the... read more

CFPB support bolsters lenders’ alternative data developments

14th August 2019

Company: bobsguide
As the US Consumer Financial Protection Bureau (CFPB) turns its attention to applications of machine learning and alternative data within credit markets, small businesses are likely to feel the advantages of the technological developments, says Brock Blake, CEO of Lendio. “With the CFPB's regulatory support, more fintech innovators... read more

Report: Financial regulators stand firm in face of data-hungry BigTech

12th August 2019

Company: bobsguide
“We are seeing some companies looking to establish a payment system that bypasses our banks and our currency,” US Federal Reserve governor Lael Brainard said in early August, announcing the central bank’s plans to launch a new payments network. “Facebook's Libra project raises numerous concerns that will take time to... read more

US regulators need data breach prevention focus

7th August 2019

Company: bobsguide
US regulators should avoid using punishing fines as a first response to data breaches at banks and focus on building prevention solutions, say security experts. Doug Wick, vice president at data security firm ALTR, believes that regulators have been successfully affecting change at banks for decades. “But they aren't good at... read more

Transforming trade data: how to tap its analytics potential

22nd July 2019

For wholesale banking institutions, trade reporting might appear to be little more than a painful and costly burden. But what if a consolidated, cloud-based approach to trade reporting could also serve as the basis for unprecedented business analysis and insight? In retail banking and credit card provision, as indeed in many other... read more

Position reporting not a fast fix for Emir ETD obligations

16th July 2019

Company: bobsguide
Difficulties for trade repositories to match and pair the large number of data fields required under the European Market Infrastructure Regulation (Emir)’s transaction level reporting for exchange traded funds (ETD) won’t immediately be resolved by a move to only report end-of-day positions, according to the CEO of a trade reporting... read more