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

Mellon Capital Has Opted for Eagle’s Data Management Platform to Better Manage Risk, Says Lillard

Subscribe to our newsletter

BNY Mellon owned asset management firm Mellon Capital Management has opted to rollout Eagle Investment Systems’ data management platform in order to help the firm better manage risk and regulatory change, according to Linda Lillard, deputy chief operating officer at Mellon Capital. The San Francisco-based firm is already using Eagle’s performance measurement and attribution system but will now also be moving its data into the vendor’s centralised data repository for investment data.

“We felt it was important to select a data management solution to better manage risk, better automate our system and more easily comply with an evolving regulatory environment,” explains Lillard. The move is all part of Mellon Capital’s wider back office upgrade and the Eagle data hub will centrally manage the firm’s data, which will then be fed into its various middle and back office systems.

The fact that both firms are essentially subsidiaries of parent BNY Mellon and have already worked together to rollout another solution should mean the rollout and subsequent maintenance of the data hub should be a much easier process than that of two completely unrelated firms. Mellon Capital will also be using Eagle Data Mart, which enables users to report on information from Eagle applications and generate information for access using third party report and query tools.

“We selected the Eagle system because we believe it will do a good job of centrally managing, qualifying and enhancing our data and feeding it into our middle and back office systems,” adds Lillard.

This is a home win for Eagle, but the vendor is also aggressively expanding its reach in other geographies including Europe and Asia. Earlier this month, Eagle moved its current Asian and EMEA managing director John Legrand from his London base out to its Singapore office in order to boost its competitive approach in the Asian region and it has also indicated plans to expand its on the ground presence in London. The vendor already has a number of clients in the Asian region, but it is keen to grow its regional demographic aggressively over the next couple of years. Many other vendors have also adopted this strategy, as the US and European markets continue to prove challenging in the post-crisis environment.

This year also saw the launch of its new data integration services, which effectively packages together its standard and reusable interfaces into a service layer that sits on top of its hosted Eagle Access data solution. Eagle is attempting to differentiate itself from the competition on the basis of these value adds and its hybrid approach to the data solutions market. The new integration services solution is therefore an attempt on the part of Eagle to bring down the cost, risk and turnaround time in deploying its hosted data management solution.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Approaches to ESG data for analytics

Volumes of ESG data are huge and continue to grow, questioning how financial institutions with a focus on ESG investing can continuously capture and contain required data sets, master and integrate the data, and ensure data quality for meaningful analytics. This webinar will consider approaches to ESG data and data management for analytics, the challenges...

BLOG

Alveo Takes Next Step in Cloud Data Management with Cloud Native Version of Prime

Alveo has made its Prime data mastering and quality management solution cloud native, placing it between cloud-native data platforms and consumers, and providing functionality to make cloud data meaningful and valuable to business use cases. “There is a lot of data in cloud marketplaces,” says Mark Hermeling, chief technology officer at Alveo. But three things...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...