M&G Upgrades GoldenSource EDM Platform
Poster: SySAdmin
Posted on November 8, 2011 at 4:49:01 AM
M&G Upgrades GoldenSource EDM Platform
LONDON and NEW YORK, November 8, 2011/PRNewswire/ --
Investment manager enhances data quality and governance in preparation
for regulatory reporting requirements
M&G Investments (M&G), one of Europe's leading investment managers with
GBP200 billion of assets under management, completed an upgrade to
GoldenSource EDM [http://digbig.com/5bfafc ] version 8 in May 2011. Along
with the upgrade, M&G extended GoldenSource's enterprise data management
(EDM) platform to utilize the derivatives capabilities, doubling instrument
volumes and delivering trusted, consistent information to power key M&G
front office systems. These systems include Algorithmics for risk, Fidessa
LatentZero for trading and compliance, and thinkFolio for portfolio
management.
"GoldenSource EDM is a core piece of our infrastructure, providing us
with quality data in addition to audit and governance process support backed
by enterprise-class power," says Alan Towndrow, Group IS Director, M&G
Investments. "New regulatory directives, such as Solvency II, require firms
such as ours to produce increasingly granular information to support risk
management and capital adequacy practices. Having access to quality data
enables us to pre-empt regulatory demands and ensure our systems are ready
for any additional changes."
"M&G remains a pioneer in the field of EDM. Its drivers for the
investment into this upgrade reaffirm its original strategy and echo market
trends we are seeing globally," says Neill Vanlint, managing director of
client operations, GoldenSource. "Front, back and middle office systems need
to have a consistent view of data and furthermore, it must be of a quality
they can trust and a provenance they can evidence to clients and regulators
alike."
Hugh Griffiths, senior consultant, Cutter Associates, says, "Solvency II
has been a hidden problem for asset managers. Their insurance clients are,
and will do so increasingly, demanding more data - provided to a greater,
more granular level of detail and to be provided more frequently and quicker
than today. At the very least, a stronger set of data governance and
provision processes is required. And, in many cases, we are aware that
improved data management systems are being implemented to address this need.
The recent delays to the full implementation of Solvency II will provide
extra time for asset managers to meet their client needs in this area."
M&G first purchased GoldenSource EDM in 2003 as a central security
master to normalize, enrich, and cleanse instrument reference data in a
single golden copy to support its fixed income compliance and order
management implementation.
About GoldenSource
GoldenSource makes it easy to manage critical reference and market data.
We offer an integrated Enterprise Data Management (EDM) platform for the
securities and investment management industry.
Our innovative products are designed to create, maintain and distribute
a trusted golden copy. Our unique data model covers all financial
instruments, customers and counterparties, and extends to transactions and
positions. The ability to connect, organize and aggregate trusted
information reduces risk, drives better decisions and helps our customers
achieve their goals. GoldenSource solutions are used by forward-looking
banks, brokers, investment managers and service providers to reconcile
tactical departmental goals and strategic enterprise objectives.
A proven supplier of on premises EDM solutions to the world's largest
financial institutions, GoldenSource also powers managed data services via
the innovative Powered by GoldenSource(TM) program.
For more information, visit: http://www.thegoldensource.com/
[http://digbig.com/5bfafa ] or follow us on Twitter at
http://twitter.com/goldensource.
For more information:
Metia on behalf of GoldenSource
U.S. press office
Sheryl Lee
Tel: +1-917-320-6462
Email: metiagoldensource@metia.com
UK press office
Sam Keefe
Tel. +44(0)20-3100-3650
Email: metiagoldensource@metia.com
Source: GoldenSource
.
LONDON and NEW YORK, November 8, 2011/PRNewswire/ --
Investment manager enhances data quality and governance in preparation
for regulatory reporting requirements
M&G Investments (M&G), one of Europe's leading investment managers with
GBP200 billion of assets under management, completed an upgrade to
GoldenSource EDM [http://digbig.com/5bfafc ] version 8 in May 2011. Along
with the upgrade, M&G extended GoldenSource's enterprise data management
(EDM) platform to utilize the derivatives capabilities, doubling instrument
volumes and delivering trusted, consistent information to power key M&G
front office systems. These systems include Algorithmics for risk, Fidessa
LatentZero for trading and compliance, and thinkFolio for portfolio
management.
"GoldenSource EDM is a core piece of our infrastructure, providing us
with quality data in addition to audit and governance process support backed
by enterprise-class power," says Alan Towndrow, Group IS Director, M&G
Investments. "New regulatory directives, such as Solvency II, require firms
such as ours to produce increasingly granular information to support risk
management and capital adequacy practices. Having access to quality data
enables us to pre-empt regulatory demands and ensure our systems are ready
for any additional changes."
"M&G remains a pioneer in the field of EDM. Its drivers for the
investment into this upgrade reaffirm its original strategy and echo market
trends we are seeing globally," says Neill Vanlint, managing director of
client operations, GoldenSource. "Front, back and middle office systems need
to have a consistent view of data and furthermore, it must be of a quality
they can trust and a provenance they can evidence to clients and regulators
alike."
Hugh Griffiths, senior consultant, Cutter Associates, says, "Solvency II
has been a hidden problem for asset managers. Their insurance clients are,
and will do so increasingly, demanding more data - provided to a greater,
more granular level of detail and to be provided more frequently and quicker
than today. At the very least, a stronger set of data governance and
provision processes is required. And, in many cases, we are aware that
improved data management systems are being implemented to address this need.
The recent delays to the full implementation of Solvency II will provide
extra time for asset managers to meet their client needs in this area."
M&G first purchased GoldenSource EDM in 2003 as a central security
master to normalize, enrich, and cleanse instrument reference data in a
single golden copy to support its fixed income compliance and order
management implementation.
About GoldenSource
GoldenSource makes it easy to manage critical reference and market data.
We offer an integrated Enterprise Data Management (EDM) platform for the
securities and investment management industry.
Our innovative products are designed to create, maintain and distribute
a trusted golden copy. Our unique data model covers all financial
instruments, customers and counterparties, and extends to transactions and
positions. The ability to connect, organize and aggregate trusted
information reduces risk, drives better decisions and helps our customers
achieve their goals. GoldenSource solutions are used by forward-looking
banks, brokers, investment managers and service providers to reconcile
tactical departmental goals and strategic enterprise objectives.
A proven supplier of on premises EDM solutions to the world's largest
financial institutions, GoldenSource also powers managed data services via
the innovative Powered by GoldenSource(TM) program.
For more information, visit: http://www.thegoldensource.com/
[http://digbig.com/5bfafa ] or follow us on Twitter at
http://twitter.com/goldensource.
For more information:
Metia on behalf of GoldenSource
U.S. press office
Sheryl Lee
Tel: +1-917-320-6462
Email: metiagoldensource@metia.com
UK press office
Sam Keefe
Tel. +44(0)20-3100-3650
Email: metiagoldensource@metia.com
Source: GoldenSource
.