PolarLake Beats Incumbent Leading ETL Platform for Major Data Integration Project
Published May 19, 2009 / Press Releases
PolarLake has beaten off a leading ETL data integration vendor to win a major data integration project with the Capital Markets division of a large European Bank. The project involves the integration of multiple data streams and data types including trade, position, price and reference data into a group to a Group wide Financial Data Warehouse.
PolarLake was chosen ahead of the ETL vendor for the following reasons:
- Ease of use when handling complex data formats such as FpML in a native and controlled manner
- Ability for Business Analysts, who know the data best of all, to manage and control the data transformations in an intuitive Excel style interface
- Better performance and scalability
- Advanced operations support features such as reconciliation, metering and metrics
Commenting on the win John Randles, CEO PolarLake said, “This win again proves there is a genuine need for a more advanced approach to data integration when it comes to complex products and data structures in the Capital Markets dealing with trade and reference data. The approach of the traditional ETL vendors of code centric line mappers just does not scale to the level of complexity involved when you have thousands of attributes with complex relationships in structured derivative products. PolarLake has the next generation of data integration technology exclusively focused on the unique data integration challenges of the Financial Services industry.”
About PolarLake
PolarLake enables firms to deliver on the full promise of EDM, integrating into downstream systems with 75% less time and 80% less resources than generic ETL products. Its flagship product, PolarLake RDD (Reference Data Distribution) is a domain specific Integration application built to manage to end-to-end process of Reference Data Distribution.
PolarLake RDD provides unique capabilities for Business Operations, Business Analysts and Technology to manage and control Reference Data Distribution. PolarLake has been recognized by Industry Analysts as a leader in its space, named by Aite as the most packaged Reference Data Distribution solution and included in the Gartner visionaries’ quadrant. PolarLake’s clients include Global Sell side, Buy side and Asset Servicing Institutions.
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