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

DPC DATA Adds New Location in Philippines for Securities-Related Data Outsourcing

Subscribe to our newsletter

DPC DATA has launched a new facility in metropolitan Manila to support growth in its data outsourcing business. A vendor of securities data, DPC DATA also provides offshore data management services. The new location brings greater capacity for data processing, strategic knowledge process outsourcing (KPO) and custom IT development, it reckons.

The new location is the home of DPCDATA (Philippines) Inc, a subsidiary of DPC DATA Inc, formed in partnership with Noypips Inc, a minority share holder in the operation. Julius Gorospe, a business advisor and entrepreneur in the Philippines, has been appointed president and CEO of DPCDATA (Philippines).

“We started working with an outsourcing company (Noypips) in the Philippines in February 2006,” says Peter Schmitt, CEO of DPC DATA. “We started small with them and our plan was to decide within a 24 month period whether we would either make a more substantial and direct investment, or if we would leave the country and set up operations elsewhere. We soon discovered how perfectly suited the Philippines is for doing our kind of data work. We accelerated our plans and – with Noypips, our then outsourcing partner – established this Asian subsidiary.”

DPC DATA outsourcing projects have included analysis, cleansing, archiving and digital publishing of raw commercial data for a data vendor; data research and cleansing in support of a corporate actions database for a capital markets firm; conversion of final deal transcripts into searchable PDF formats for Wall Street law firms; collection of securities data from original source documents and reconciling it with global securities master data for a global funds evaluator; and distillation of offering documents into brief summaries for broker/dealers.

“Over 10 years, our outsourcing business has grown, quietly and organically, as customers have asked to take advantage of the offshore processing engine we established for managing our own data,” comments Schmitt.

DPC has previously formed a partnership with Perfect Information (Reference Data Review, February 2007) to aid with the launch of Perfect Search, and a strategic alliance with BondDesk (Reference Data Review, December 2006).

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Bigger is Better, Says Gresham CEO After Acquisition of S&P Global’s EDM Business

Gresham has finalised its acquisition of S&P Global’s EDM business as the data automation company expands to meet the growing and increasingly complex data needs of modern financial institutions. EDM, which supports more than US$12 trillion in assets, will sit alongside Gresham’s existing enterprise data management business, which was created with its merger with Alveo...

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

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...