Data Solutions Insights

Subhankar Sinha was appointed head of blockchain for BNY Mellon in May. Prior to this role Sinha founded Nabartham LLC, which advised start-ups on ecosystem governance, strategic partnerships, and the market fit of blockchain products. Sinha was also a director at PwC in the US, where he was the co-founder of the firm’s blockchain... read more

Juggling an ever-tightening compliance burden, fending off technological challengers and satisfying customer expectation is a tall order for many established asset and investment managers. As profit margins shrink, asset managers must find alternative avenues to generate income and remain competitive. Europe’s second markets in... read more

A year since the introduction of the EU’s General Data Protection Regulation (GDPR), errors continue to be made, and three countries have yet to implement the regulation into national law. On May 22, figures published by the European Commission revealed that since 2018, 89,271 complaints have been lodged to data protection authorities... read more

Major banks are increasingly interested in commercial cloud platforms, but networks of interconnected legacy systems and concerns over data security will continue to see a layered hybrid approach, say market participants. “When we started engaging with customers, we imagined from the outside looking in that it would be a tough sell to get... read more

Financial services firms are pulling together data from silos to create a holistic view of their clients, having been emboldened by new technological capabilities and regulatory nudging from rules like the general data protection regulation (GDPR), says Steve Elliot, managing director of LexisNexis Risk Solutions. “Traditionally, firms... read more

The role of client and counterparty risk management has assumed greater strategic importance over the last few years in light of heightened regulatory scrutiny and the introduction of new rules around AML/KYC, ultimate beneficial ownership, global data privacy and investor protection rules. With the growth of AI/RPA-enabled compliance processes,... read more

As regulation, customer expectation and increased data volumes push legacy bank data models to breaking point, UK financial services provider Nationwide has added a real-time event-streaming platform. “We’ve recently announced a large investment to modernise our IT estate. Kafka and this data architecture forms probably the number... read more

Financial services firms in the US are being overwhelmed by the volume, variety and velocity of sensitive data they have to process, according to Kristina Bergman, CEO of Integris Software, and calls from the Consumer Banking Association (CBA) for a federally-mandated privacy law could help solve a patchwork of state legislation. Earlier this... read more

Client reporting is often seen as the sterile end of any investment process; a cost of doing business rather than an area that can add value for the end investor. Much of this perception is due to a lack of joined-up thinking on the part of the industry (investment managers, consultants and software vendors) concerning... read more