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

PolarLake Announce World’s First Semantic Web-based Reference Data Management Platform

Subscribe to our newsletter

PolarLake has announced the availability of the world’s first reference data management platform based on semantic web technologies.

The platform enables the acquisition, management and distribution of vendor and internally sourced reference data. Already being used by a number of tier 1 financial services firms, the platform enables, data loading 11x faster, queries 17x faster and on-boarding of new data feeds 20x faster than RDBMS based data management systems.

John Randles CEO PolarLake commented: “The PolarLake Data Management platform has been the result of multiple engagements with tier 1 financial services firms and builds on our leading capability in reference data distribution. This solution addresses the problem of scale and insight needed for the next generation reference data infrastructure. This is a truly disruptive approach to reference data management, based on post relational semantic web technologies. Data load time, query time, ability to onboard new feeds quickly, meet many and conflicting requirements of data consumers – these are the challenges large firms are facing with older systems designed for a different era. This platform is applying internet scale “big data” technologies to the reference data for the first time in this market.”

Mary Knox, Gartner research director commented: “Industry requirements for performance, scalability and availability have changed considerably over the past several years, due to factors such as: burgeoning volumes of reference data; the introduction of more-complex instruments and risk and compliance requirements; globalisation, resulting in firms being active in more markets with their own associated reference data sources to be managed; reference data management initiatives that centralise reference data within individual firms, resulting in single systems being required to handle more of the firm’s total volume of reference data, creating more-complex data governance processes to be maintained, and straining underlying data distribution and related capabilities.”

Liam Ó Móráin of the Digital Enterprise Research Institute (DERI), a world leading research centre on semantics, commented “semantics will be the future way that information is described, shared and integrated. This approach and technology has huge potential to solve the complexity issue in data management in financial services. From our work in academia and interaction with leading users of this technology in industry we see PolarLake’s use of semantics as having the potential to be transformational in terms of how people think of, implement and manage data management and distribution in financial services.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The roles of cloud and managed services in optimising enterprise data management

Cloud and managed services go hand-in-hand when it comes to modern enterprise data management (EDM), but how can the best solutions for the business be selected and implemented to ensure optimal data management based on accurate, consistent, and high-quality data, and delivering improved efficiency, better decisions and competitive advantage? This webinar will answer these questions,...

BLOG

How to Deliver a Successful Data Strategy – And Show Value

Delivering a successful data strategy and proving its value can be challenging for CDOs, but there are approaches that can ease the burden, improve outcomes, measure success, engage employees across the organisation, and raise the profile of the CDO office. Discussing ‘How to deliver a successful data strategy – show me the value!’ during a...

EVENT

RegTech Summit New York

Now in its 8th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...