Data Solutions Insights

After more than a decade of intensifying regulatory scrutiny, and calls for greater transparency across financial markets, it is striking that so many capital markets participants are still mired in compliance-related IT and data complexity without an end in sight. Ultimately, this is because they have not solved some fundamental trade data... read more

With banks under pressure to increase profit margins, more are turning to machine learning (ML) to make a significant difference in their middle and back offices. One such area that is gaining greater attention from both the market and regulators is the use of ML and alternative data for credit underwriting. On December 19 the Bank of... read more

Banks to expand their use of analytics, according to Alex Kwiatkowski, principal industry consultant at SAS’ global banking practice. “[Banks] have not yet realised the full potential of analytics,” says Kwiatkowski. “They may have analytics in siloed areas, perhaps on individual functional areas… but the idea of... read more

Despite being touted as the future of customer relationship software, a recent study by Freshworks – a customer engagement company – revealed that only 12 percent of CRM users actually utilise an artificial intelligence (AI) tool. The study also found that 97 percent of CRM users think AI is too expensive, with 89 percent suggesting... read more

Brokers, exchanges, and clearing houses must make implementation of the Future Industry Association (FIA)’s execution source codes a priority to reduce friction in brokerage settlement according to the head of strategy for FIA Tech. “In the absence of the tag, the clearing broker has no idea how the trade was executed... read more

The expansion of Basel requirements involves more than a simple finalisation of Basel III reforms. The updated requirements and new calculation rules are so comprehensive that they have been informally dubbed Basel IV and there is no industry consensus on what a future Basel regulatory scenario may look like. This is partly because evolving... read more

With the California Consumer Privacy Act (CCPA) going into effect on January 1, firms with activities in the world’s fifth largest economy are fighting against the clock to get their houses in order to comply with the requirements, according to lawyers and market participants. “There’s so much to do and we’re running... read more

Gary Barr is the chief data officer at BNY Mellon. We caught up with him to discuss changes in data culture, the organisation’s data management strategy, and different approaches to fintech partnerships. There has been a lot of talk around central storage and data cleansing. What is BNY Mellon’s approach to managing the... read more

Involvement by regulators to create a new API standard for consumers and businesses to access their own financial data could slow down industry initiatives in the space, according to Don Cardinal, managing director of the Financial Data Exchange (FDX). “The issue is, could the regulators stop [the FDX API standard] inadvertently? All they... read more