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

A-Team Insight Blogs

Asset Control Recruits Martijn Groot to Lead Product Strategy Including Data Service Manager

Subscribe to our newsletter

Martijn Groot has left Euroclear and rejoined Asset Control to lead the company’s product strategy. His initial responsibility is Data Service Manager, a product that is designed to help financial institutions improve the timeliness and quality of their market, reference and risk data services. It is also Asset Control’s first significant product release since it was acquired by Marlin Equity Partners in August 2013.

Groot left his role as director of product management for information services at Euroclear at the end of March 2015 and rejoined Asset Control in early April as vice president of product strategy. He originally joined Asset Control back in 2002 as a product manager, before becoming head of product management and later director of market strategy. Groot left Asset Control in 2012 and spent a year as a senior industry consultant in banking and financial services at iGATE Global Solutions before joining Euroclear and then completing the circle by returning to Asset Control.

Asset Control’s Data Service Manager product works with the company’s AC Plus enterprise data management platform to provide real-time visualisation and management of data supply chains and includes a read-only mobile version for remote supervision of operational activity. The aim of the product is to help firms track and monitor external vendor data and look at how it is processed internally and distributed to end users. Controls can be added where necessary to improve data management processes and performance can be monitored against SLAs. The software also graphs the historical performance of data processing over time, allowing potential bottlenecks to be identified and managed.

Groot explains: “Data Service Manager is a dynamic supply chain management and control tool that can help to optimise workflows, reduce the cost of providing quality data to end users and support regulatory compliance. It is an orchestrated layer on top of AC Plus that tracks data processing and monitors data consumption downstream. Business users can see whether required data services are on time, track what they need against what they get and measure performance against SLAs to see where work needs to be done.”

Steven Hargreaves, operating partner at Marlin Equity Partners, adds: “When we acquired Asset Control, AC Plus and the company’s other products were based on a static concept of data management. The focus was on feed handlers and cleansing and distributing data based on golden copies. The challenge we set was to start at the point of data consumption and work backwards to develop a process oriented view of external data driven by SLAs designed to deliver data to the right place at the right time and to the right quality standard.”

Data Service Manager uses thin client HTML5 technology, which will be used for all Asset Control user interfaces going forward, making its implementation a modest exercise. To date, one regional bank in the US has installed the software, with others expected to follow on a global scale.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Cross-Regulation Data Consistency and Accuracy

Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data consistency in their data validations and examination processes. This webinar will identify cases of data overlap...

BLOG

Data Management Reaches Tipping Point

As the pipeline of information being generated or bought by financial institutions continues to increase at an astonishing rate, it has become essential to implement structures that ensure data is properly ingested and stored, and is accessible in a way that can fully realise its value. “For a long time, firms have taken a tactical...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...