Financial and Reference Data Management Projects 75% Less Time with 80% Less Resources
Data management programmes in Investment Banks and Asset Management firms spend over 50% of their budgets on integration. There are serious implications for STP success rates, risk management capabilities and data quality.
"Our clients have implemented complex reference data projects 75% faster, generating up to 95% of their required business rules, with 80% less resources."
— Cliff Cunningham, Director Product Marketing, PolarLake
Our purpose built and patented Financial and Reference Data Distribution product enables organizations to deliver higher quality Pricing and Reference Data to their distributed business units with a 3-6 month payback.
The product allows the business control their own Reference Data access policies, distribution policies and generates up to 95% of the required data mappings. This enables each line of business to control:
- Reference data usage
- Delivery schedules
- Delivery formats, structure and cardinality
- Vendor feed selection
- Security and access control policies.
Industry Insight
Reference Data Distribution – A special case in Business IT alignment
There is no end to the amount of literature in the world of IT, Business Consulting and the Harvard Business Reviews of this world on the age old debate in how to align business and IT. But how relevant are these works to the Reference Data world? When it comes to Reference Data we see it as a very peculiar case. This is because business requirements are so distributed across the organization and so many stakeholders that are peers of each other.
Case Studies
Security Master Reference Data Integration in Leading Investment Bank
Inaccuracies and inconsistencies in Reference Data supplied to the business compromised performance and created a compliance risk. This project was awarded Inside Market Data Project of the Year for the delivery of a fully automated Reference Data Distribution Solution.
2012