About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Olayan Group to Implement TAPMaster as Core Data Platform

Subscribe to our newsletter

The Olayan Group, a Saudi multinational, has decided to implement TAP Solution’s TAPMaster platform as its core reference data management system for its asset management operation. The deal is the first for TAP for some time, following its big win at Morgan Stanley (Reference Data Review, January 2005).

At Olayan, TAPMaster will become the company’s corporate data hub. As such, it will provide the platform for deploying and managing a full range of reference data, including securities, issuers, counterparties, transaction and holdings. Olayan plans to use the new implementation, which is part of a major systems upgrade, to support new applications for portfolio accounting, order management and general ledger.

According to Ali Al-Ashqar, Olayan’s CTO, partly due to limitations on its IT resources, the company was seeking an off-the-shelf system to form the foundation of its new enterprisewide system architecture. Al-Ashqar says key requirements were ease of implementation of new business applications and the flexibility to integrate new asset classes, compliance requirements and data sources in the future.

Having made its decision to install TAPMaster, Olayan plans to begin implementation next month, with full integration with the new applications expected to be completed before the end of the year. TAP Solutions will work on the implementation with Olayan’s staff in New York, London and Athens. As part of the project, TAP Solutions will convert historical information held on a number of legacy systems over to the new platform.

Olayan operates a variety of businesses in a range of industries, including distribution, manufacturing and services. As a corporate, it is a major investor in both listed and private equities and fixed-income securities.

TAP Solutions came to prominence after winning the contract to provide Morgan Stanley’s retail brokerage – the former Dean Witter Reynolds – with a new enterprisewide securities master service. The Securities Master Service (SMS) was Morgan Stanley’s initiative to implement a centralized database to feed normalized data from multiple sources to a wide range of applications. These applications previously drew upon discrete security master files that had been designed to satisfy the specific requirements of the respective applications. This legacy situation made comprehensive and consistent updating of fields difficult. As a result, Morgan Stanley turned to TAP Solutions to provide its TAPMaster platform as a base data model for the SMS facility.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Building a Semantic Layer for Your Enterprise Data Estate

Date: 8 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The democratisation of data has encouraged engineers to think about how to make their data estates more accessible and useable for non-technical business end-users. Translating intention into data action requires careful configuration that enables consumers to mine insight, analytics...

BLOG

Datactics Survey to Gauge Data Chiefs’ Pressure to Adopt AI Amid New Risks

The headlong rush to adopt artificial intelligence poses multiple risks to financial institutions that don’t take the necessary preparatory steps before implementation. One potential source is the increasing AI-savviness of company employees. As they become accustomed to using the technology on consumer devices and websites, there is a greater risk they’ll inadvertently leak or compromise...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...