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Organizations spend up to 10% of their IT budget
on data management but still find themselves fighting
data quality problems. High levels of data siloization,
multiple external vendors and disparate formats
and lack of standards have led to poor quality
reference data. Further, the reference data management
problem is compounded by market uncertainty and
new regulation such as the Patriot Act.
The learnings from our rich reference data experience
with several brokers/dealers, investment managers
and custodians are:
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No amount of sophistication in your technology
solution is going to make up for poor quality
data. Get the data right, first and foremost. |
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Build your
reference data solution step by step, prioritizing
business applications and data types with
the highest business impact. |
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Prioritize
securities data and client/counterparty data
for downstream business applications such
as clearing & settlement systems and exposure
management systems. |
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Use a combination
of build and buy and outsource to maximize
your gains. |
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Tap potentially
large savings(up to $10mn) from outsourcing
the data and exception management operations
to an offshore facility. |
We can assist you reduce trade processing failures,
save upto millions per annum from retiring multiple
repositories, consolidate data vendors, reduce
data purchases and offshore less critical activities.
Order
Management and Routing | Technology
Infrastructure Services | Business
Process Outsourcing
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