Portfolio managers have no reason to fear data science as it cannot really replace what they do. But harnessing data in new ways could give them an unprecedented advantage, according to a survey of 300 asset management firms sponsored by custodian Northern Trust. “The business case for digital automation and the use of investment data… Read More >>
InvestCloud Buys Babel Systems for $20 Million
Los Angeles-based fintech upstart InvestCloud Inc. is acquiring London-based Babel Systems Ltd. for $20 million and plans to link its digital platform to Babel’s trading and accounting capabilities. InvestCloud’s digital platform targets wealth managers with client portals, mobility and advisor portals, and offers allocators (multi-family offices, pensions and endowments), and managers of multi-asset-class, multi-strategy portfolios… Read More >>
RNC Genter Deploys Single-Point Access to Fiserv Network
Firm to Use Fiserv’s Asset Manager Connect Asset manager RNC Genter Capital Management is using Asset Manager Connect from Fiserv to “increase access to managed account sponsors and grow their client base,” officials say. The Asset Manager Connect links lets firms easily communicate with managed-account sponsors across the Wealth Management Network from Fiserv, officials say…. Read More >>
Xenomorph’s TimeScape to Support Python Language
Xenomorph, the analytics and data management vendor, has integrated the Python open source scripting language into its TimeScape cross-asset data management platform. The Python programming language is cross-platform, easy to use and highly readable, say Xenomorph officials. It offers object-oriented scripting, which has made it attractive for use with cutting-edge applications developed at Carnegie Mellon… Read More >>
Aite: Firms Need Better Client Reporting
Improving client reporting capabilities is near the top of many wealth management firms’ to-do lists, and if it’s not, according to two recent reports by market research firm Aite Group, it should be. The new reports “Client Reporting in Wealth Management: An Advisor Perspective” and “Client Reporting in Wealth Management: A Vendor Review,” indicate that… Read More >>
Tullett Prebon Info Targets Fragmented SDR Data
Data provider Tullett Prebon Information (TPI) has just launched an aggregated swap data feed that attempts to collect and standardize the vast amounts of data made available by the creation of Dodd-Frank mandated swap data repositories (SDRs). Dodd-Frank requires reporting counterparties and reporting entities to submit swap transaction data to SDRs via electronic reporting to… Read More >>
The New Rules of Operational Data Management
Banks and securities firms are under regulatory and competitive pressures to get a better grip on the operational data management of key middle- and back-office functions that have been poorly served for decades. The push for ops data efficiencies has resulted in some new ground rules for how firms will take on their complex internal… Read More >>
