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Waters Wrap: Is AML Tech Worth the Cost? (And Cloud Moves & More Blockchain)
Anthony wonders if AML platforms are being scrutinized enough by banks and regulators, then looks at Wells Fargo's tapping of HPR for its quant division and Northern Trust’s blockchain plans.
Fidelity Quietly Shutters ActionsXchange; Low Margins of Corporate Actions Biz Blamed
Officials remain silent on the closure, which has been in the works since last year, sources say.
AML Platforms ‘Are Just Not Working’—Is Human Error or Tech the Culprit?
Technologies meant to detect and stop financial crime may add more headaches than they relieve. Others say that the best tech can't overcome how bankers use these tools. The AML dilemma likely falls somewhere in the middle.
This Week: RepRisk/JP Morgan; TP Icap; Moody’s/MioTech; FTSE Russell; SimCorp & More
A summary of some of the past week’s financial technology news.
Small Change, Big Challenge: Battling the Rising Tide of Data Notifications
With data notifications growing in volume and complexity, firms are finding it harder to keep track of these changes. Some vendors are looking to help.
Refinitiv’s API Rebrand Rankles Users
Because of its acquisition and subsequent rebrand, Refinitiv is being forced to change instances of its old branding that remain embedded in many of its APIs. This might sound like a simple change, but end-users are worried that it could be a costly fix.
Waters Wrap: On Refinitiv and Old Rivalries (And FIGI & Data Governance)
Anthony explores some of the questions raised by Refinitiv's plan to move away from Eikon and Thomson One. He also looks at data governance trends, and asks why the FIGI is having such a tough time gaining acceptance.
Bloomberg's FIGI: A Case of Red Light, Green Light
After the route toward accreditation via the ISO petered out, Bloomberg is vying to establish its reference data standard as a system of record in the US, following a win in Brazil.
Mike Meriton: The Man Who Wrote the ABCs of EDM
This year's inductee to the Inside Market Data Hall of Fame is Mike Meriton, co-founder and COO of the EDM Council.
Refinitiv Begins Move Away from Eikon, Thomson One with Debut of 'Workspace'
The new platform is first being targeted at advisors and wealth managers, and will eventually be available for traders, analysts, portfolio managers, quants, and developers.
Meritsoft Creates Module for Dividend Tax Tracking
The addition to the vendor’s tax management platform aims to help trading firms understand if they can recover taxes legally.
ASX Presses Forward with DataSphere Buildout
The initiative's aim is to capture more of the exchange's internal data to commercialize that useful information for the investment community.
Isda 'Create' Marks Important First Step Toward Smart Contracts
WatersTechnology goes inside Isda Create to see how the organization is aiming to bridge the gap between the worlds of paper contracts and legal data.
Waters Wrap: Snowflake Makes its Move (And Ref Data Headaches & Data-Sourcing-as-a-Service)
Anthony explores how Snowflake is trying to win over business in the cap markets, talks about the reference data space, and examines a new breed of data vendors.
Numbering Agency Calls for Experts
The Derivatives Service Bureau is looking for new members on its technical advisory committee, after its designation as the UPI service provider.
SteelEye Unveils Tool to Slash Trade Reconstruction Timeframes
Officials say the new product will enable firms to aggregate and correlate the data required to fulfill trade reconstruction obligations within seconds.
IHS Markit to Add About 1 Million Analyst Reports to its Data Lake
IHS Markit uses Google’s transformer-based model BERT and a combination of classification and extraction techniques to determine what the documents mean and summarize them.
TipRanks Builds Financial News Service to Highlight Analyst Ratings Data
The vendor provides ratings of research analysts, bloggers, and other stock tipsters.
Waters Wrap: What’s This ‘ESG’ You Speak Of? (And Thoughts on Cybersec & Cloud Delivery)
As ESG becomes more popular, Tony believes that a great decoupling needs to happen.
Future of Operations Hinges on Tech Approach, Industry Collaboration
ISITC's Lisa Iagatta explains why the industry will need to come together to tackle new challenges facing the world of operations.
This Week: CAT, SS&C, Nasdaq, SmartStream, OpenFin, OpenDoor & More
A summary of some of the past week’s financial technology news.
UnaVista Rolls Out Reporting Analytics for Performance and Market Surveillance
The regulatory business is developing enhanced analytics to improve reporting accuracy and identify signs of market manipulation.
LEI Foundation Pilots Blockchain-Based Credentials Solution
GLEIF has partnered with vendor Evernym to create digital wallets that link employees’ identities and roles with companies' identifying codes.
Fuzzy Data Stalls ESG Alpha Hunt
Quants searching for ESG signals have reached very different conclusions. Mostly they blame the data.