“Big Data in Capital Markets: The Placebo Effect?” a new report from market research from Aite Group, examines whether the move to adopt Big Data methods and strategies in financial services is, as the report asks, “jargon or strategy?” Big Data consists of very large volumes of structured and unstructured information that when reviewed can… Read More >>
Greed, Governance and the Trust Factor
Good governance is a watchword of today’s financial services industry. But are the new regulations and requirements enough to restore trust? The public’s trust in the industry “languishes at about the 24 percent level, with many expressing continued concerns regarding both excessive compensation and a lack of integrity among top corporate managers,” SEC Commissioner Luis… Read More >>
Intellimatch: Three Hot Trends at SIBOS
Q: What will be the hot SWIFT-related ops trends? A: We anticipate three major themes at SIBOS this year: managed services, data intelligence/data mining and liquidity monitoring. These may not be formal themes, but we believe they will be focal points for many discussions and presentations at this key banking event. Q: Why do you… Read More >>
Q&A: John Bates’ New Role at Software AG
Over the summer, Dr. John Bates took on the position of chief technology officer (CTO) for the Intelligent Business Operations and Big Data division of Software AG, which acquired the complex event processing (CEP) Apama division of Progress Software in June. Previously, Bates was executive vice president and corporate CTO for Apama, where he was… Read More >>
O’Malia and Those Hot-Button Issues
As we reported earlier this week, Scott D. O’Malia, commissioner for the CFTC, was the bearer of bad news about the regulator’s data gathering for its swaps data repository (SDR). Yet in his revelatory speech last week to SIFMA members O’Malia was very forthcoming about other thorny issues that got scant coverage.One of the thorniest… Read More >>
XSP Builds App for DTCC’s New Messages as CFTC Suffers Big Data Nightmare
XSP Readies App for DTCC’s Reengineered Services Corporate actions processing provider XSP is working on “another product purely focused on the capture and display of ISO 20022 messages from the DTCC,” says Daniel E. Retzer, chief technology officer (CTO), managing director for SunGard’s XSP.The product, likely to come later this year, is intended to help… Read More >>
Big Data, Big Problems?
Like all buzzwords, Big Data now has an almost Rashomon effect on people especially as financial firms are trying to make sense of the various definitions and strategies that are emerging around it. The standard definition of Big Data is that it involves large sets of key information—a typical dataset exceeds 30 petabytes—that can overwhelm… Read More >>
A New IT Backbone for J.P. Morgan’s WSS, Part Two
A key component of the new IT infrastructure behind J.P. Morgan’s Worldwide Securities Services (WSS) is an enterprise-wide data management infrastructure that will help WSS better use the data that is the lifeblood of its offerings, says Richard Anfang, managing director, chief information officer (CIO) for J.P. Morgan’s WSS group. The WSS group is a… Read More >>
