Alveo Wins Major Sell-Side Data Management Award
Alexis 2 minutes
Success underpinned by recent product development initiatives and customer roll-out
London, UK, 9 December 2019 – Alveo, a leading solutions provider for financial data management, has been awarded Best Sell-Side Data Management Platform at this year’s Data Management Insight Awards, hosted by A-Team Group. Alveo’s award, which was voted for by readers of A-Team’s Data Management Insight, was presented at a ceremony in London on Friday December 6th.
The award comes at a time when the sell-side is facing new market data requirements from business trends and from regulatory initiatives such as FRTB and the ECB’s TRIM programme. Alveo has been responding to these drivers by expanding its capabilities in data lineage and market data discovery and exploration.
The win can also be seen in the context of the adoption of Alpha, Alveo’s cloud-deployed data analytics, exploration and processing solution, which the company continues to roll-out. Alpha not only helps clients with fast data access, distribution and processing but also with meeting the market and reference data requirements of TRIM and FRTB and other business requirements. A major sell-side firm recently went live with Alpha to underpin its internal model approach (IMA) strategy for FRTB and for automating the proxying of bitemporal time series histories. They will also use the product to perform market data analytics and scenario management in the future.
More broadly, Alveo’s recent product development has enabled sell-side organisations to easily expose data lineage to ensure the value of data points can always be explained and traced back to their original sources, together with dashboards to provide insight into market data sourcing and quality assurance.
Mark Hepsworth, CEO, Alveo, said: “We are really pleased to win Best Sell-Side Data Management Platform at this year’s Data Management Insight awards. It is testament to our expanding sell-side client base and our ongoing product evolution. We are looking forward to continuing to work with meeting these customers’ requirements in 2020.”
Neil Sandle, Head of Product Management, Alveo commented: “Banks and other sell-side firms have to prove the rigour of their data management processes but, concurrently, also have to be adaptable and flexible to meet new market and business opportunities. This award reflects the fact that Alveo’s solutions support rigorous processes through comprehensive data lineage and audit capabilities but that they also support flexibility. Specifically, our solutions enable middle and front office staff to easily and quickly access validated data and to run their own analytics.”
Angela Wilbraham, CEO of A-Team Group, said: “Congratulations to Alveo on their success as the Best Sell-Side Data Management Platform for 2019, as rated by our cross-platform readership of over 20,000 senior technology officers and data specialists. In a highly competitive marketplace this prestigious award represents an admirable achievement.”
Alveo is the market leader in data quality software solutions for financial data. Focused on business user enablement, we help clients simplify complexity and ensure users across buy and sell side make the most of their data assets by providing easy data integration, data cleansing, distribution and data discovery solutions.
We service a blue-chip client base globally and our award-winning solutions provide rigorous processes to secure high-quality data, easy integration into business user workflows and a trusted environment for advanced analytics. Delivered through managed services, cloud or on-premise deployment, our highly scalable products help the world’s most successful financial institutions meet their risk management, valuation, security master and operational needs with mission critical reliability.
For more information; www.alveotech.com