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

A-Team Insight Blogs

Petercam Live with Sterci’s KEYdata for Centralising Data Management

Subscribe to our newsletter

STP software vendor Sterci says Benelux-based private banking and asset management institution Petercam has been using its KEYdata solution for reference data management since January 2008.

KEYdata is being used by the Petercam Group for centralising reference data on market instruments. The data received from various sources is controlled, validated and sometimes aggregated before being published on its Tibco Rendezvous middleware, which connects all its front-to-back business applications.

According to Philip De Ridder, Petercam board member, and Benny De Ridder, responsible for reference data management at Petercam, the firm assessed three possible solutions to meet its reference data centralisation needs. KEYdata came out on top as the most comprehensive solution, enabling Petercam to handle multiple sources of data and to extract the data from the back office application for centralised management. The main objective was to fulfil the data requirements of front-to-back business applications, Petercam says. The project was completed in nine months with a team of business analysts and IT specialists. The project approach and the business expertise of Sterci in this field were key in the firms’ successful meeting of this challenge, Petercam says, and “enabled us to meet the tight timelines in order to comply with MiFID and Belgian securities dematerialising”.

The implementation of KEYdata Integrator and Repository is enabling Petercam to improve the quality of its reference data, to facilitate maintenance, and to master the complexity of data management while reducing costs and risks, the firm adds.

Etienne Savatier, marketing director at Sterci, says its KEYdata centralised master file for reference data management is key for supporting STP and reducing operational risk. The next stage for Petercam will be to implement Sterci’s STEMATCH solution for cash and securities positions reconciliation and exception management.

Sterci says KEYdata provides multiple connectors that are able to select and collect market data in various formats and to make translations with embedded tools to transform the data into an internal standard. Additionally, KEYdata options perform data cleansing before generating the “golden record” to be populated among the targeted business applications. KEYdata enables its customers to build a central data management application in order to maintain consistency and quality while reducing risks and costs, the vendor claims.

In early 2006, Sterci said Euroclear Bank was using KEYdata for multiple source data integration.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Tackling digital transformation challenges for operations teams

Digital transformation is a hot topic in capital markets, promising modernisation, better decisions, and faster time to market. It can deliver innovative front-office customer-facing applications and cloud solutions – but what is often forgotten is the role, and importance, of the back office in these transformative programs. Digitisation can only be as effective as the...

BLOG

FD Partnership with Microsoft Promises KX-Based Apps Designed to Help Firms Innovate and Grow

FD Technologies, parent of KX and its kdb+ time series database since June 2019, has made a strategic partnership with Microsoft to expand the reach of its KX Insights streaming data analytics platform as organisations look to modernise data infrastructure for real-time decision making. The partnership includes two elements – KX has agreed to work...

EVENT

ESG Regulation, Reporting & Data Management Summit (Redirected)

This 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

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...