Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Capco acquires ING reference data technology

Financial services consultancy Capco has acquired the rights to ING's proprietary reference data technology and has inked a seven year deal to provide managed reference data services to the bank.

14 March 2006

News/Reference data

Reference data spending continues on a high - TowerGroup

Spending on reference data management projects in the financial services sector will continue at a high level for the next two years as firms look to make further inroads into post-trade failure rates, according to research from TowerGroup.

14 February 2006

News/Reference data

Aegon live with Citadel data management system

Aegon Asset Management UK has gone live with Citadel Associates' Cadis data management platform to support core business activities and outsourced securities administration and fund accounting operations.

30 January 2006

News/Reference data

Convexity deploys turnkey data management system from Asset Control

Convexity Capital Management, a newly-launched Boston-based investment manager, has selected Asset Control's AC Plus as a central repository for reference data in front-to-back office systems.

09 January 2006

News/Reference data

Barclays Global Investors signs for Asset Control data management platform

Barclays Global Investors (BGI) is implementing Asset Control's flagship product, AC Plus, as its central data repository for reference and time series data.

12 December 2005

News/Reference data

Banks pushing reference data boundaries

Almost three in four financial institutions are looking to raise levels of reference data automation over the coming year as part of a concerted industry-wide effort to improve data quality, cut costs, and reduce risks, according to a global survey conducted by AIM Software and the Vienna University of Economics and sponsored by Reuters.

10 November 2005

News/Reference data

HSBC signs for GoldenSource data management technology

HSBC has signed a global license for GoldenSource's Enterprise Data Management technology which it will implement across its corporate, investment banking and markets (CIBM) division.

13 September 2005

News/Reference data

Accenture wins first outsourcing contract for reference data service

Citadel Investment Group has signed a 10-year deal with Accenture to manage key aspects of its financial data management processes. It becomes the first customer for the Accenture Managed Reference Data Service, which Accenture and data management software vendor Asset Control agreed to jointly market and implement in 2004.

06 September 2005

News/Reference data

Asset Control to open New York development centre

Dutch data management technology vendor Asset Control is establishing a new technology developement centre in Times Square, New York.

23 June 2005

News/Reference data

Banc of America Securities signs for SunGard's referencePoint managed data service

Banc of America Securities (BAS) has selected SunGard's referencePoint Managed Data Service, for generating standardised reference data across the business.

24 May 2005

News/Reference data

Progress Software acquires algorithmic technology vendor Apama

Progress Software has acquired privately-held algorithmic trading technology vendor Apama in an all-cash transaction for $25.4 million.

07 April 2005

News/Reference data

JSE outsources IT to Accenture

South Africa's Johannesburg Securities Exchange (JSE) has signed a seven-year IT outsourcing contract with management consultancy Accenture.

05 April 2005

News/Reference data

Industry standards bodies band together for MiFID

Four major industry associations – FIX Protocol Ltd, ISITC Europe, the Reference Data User Group (RDUG) and SIIA/FISD – have formed a Joint Working Group to address the compliance requirements created by the European Union (EU) Markets in Financial Instruments Directive (MiFID).

04 April 2005

News/Reference data

Capco hires Deutsche Bank's Chelliah as EVP of BPO/sourcing division

Specialist financial consultancy Capco has appointed former Deutsche Bank MD and CIO Gopi Chelliah as partner and executive vice president of its business process outsourcing (BPO) and sourcing development division.

14 March 2005

News/Reference data

Banks hire Experian for customer reference data initiative

Credit referencing agency Experian says it has been selected by a data quality forum established by eight UK financial services firms to conduct a study into the feasibility of benchmarking the quality of customer information held by the banks.

04 March 2005