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Siperian Partners with Exeros to Speed up MDM Solution Deployment
Master data management (MDM) platform vendor Siperian has entered into an original equipment manufacturer (OEM) agreement with cross-source data profiling, discovery and validation software vendor Exeros. The agreement is aimed at speeding up customer deployment of the Siperian data hub with the creation of a new Siperian Data Model Designer offering, which is powered by…
Risk Management and Error Reduction are Key Drivers for Investment in Data Management, Says Aim and Interactive Data
Improving reference data quality in order to reduce errors is the primary reason why financial institutions have recently been engaging in reference data management projects, according to the results of Aim Software’s annual survey for 2008. Of the 340 respondents to the survey, 70% highlighted cited data quality as a key focus for these projects,…
EDM Council Releases Draft of Semantics Repository for Industry Evaluation
Following the announcement of its plans to establish an online semantics repository in May last year, the EDM Council has finally released the first draft of the repository for industry evaluation. The online conceptual data model and data dictionary is aimed at providing an open resource for collaboration among industry participants and tackling the problem…
LakeFront Data Consulting and ReferenceDataFactory to Demerge to Avoid Confusion
Despite its announcement in May last year that it would be merging with data integration vendor ReferenceDataFactory (RDF), data management consultancy LakeFront Data Consulting has indicated that both firms will instead remain as separate entities. Dale Richards, who was previously president and CEO of the merged company and is now taking a back seat, explains…
Contango Capital Advisors to Move from In-house Installation to Eagle’s ASP Service
As proof positive of Eagle president John Lehner’s prediction earlier this month, one of the vendor’s existing wealth management clients has taken the decision to move from an in-house installation to the ASP version of Eagle’s solution. Contango Capital Advisors, the wealth management arm of Zions Bancorporation, will therefore move from its current installation of…
No ‘One Size Fits All’ Maturity Level for Data Management Projects, Says LakeFrontData
There is no ‘one size fits all’ maturity level for data management projects and firms must consider factors including size, focus, core expertise, business requirements and constraints before embarking on such a projects, according to the latest white paper from LakeFrontData. Different capability levels are therefore appropriate for different business requirements and firms must be…
Aite Group Predicts Average IT Budget Cut of 5% for 2009 for US Firms
Originally appeared in MiFID Monitor US financial services firms will experience an average technology budget cut of 5% for 2009, according to a recent report by consulting firm Aite Group. The report, which is based on surveys of 28 senior technology executives at a cross section of US-based capital markets firms, indicates that these firms…
Brandes Investment Partners Implements Cadis EDM Solution
US-based investment management firm Brandes Investment Partners has finished the rollout of the Cadis EDM suite, which it selected with a view to more effectively managing its security, price and currency data. According to the vendor, the rollout was completed over a period of nine weeks. Brandes indicates that it opted for the Cadis solution…
Millennium Management Expands Beyond Valuations to Outsourcing with GlobeOp
Global multi-strategy investment management firm Millennium Management has expanded its agreement with GlobeOp Financial Services beyond its current agreement for valuation, share registry and transfer services to fully outsourced fund administration services. GlobeOp has now become the administrator of record for all three Millennium funds, whereas previously its services were limited to the Millennium International…
Seven Ways to Reduce IT Costs with Master Data Management
By Ravi Shankar, senior director of product marketing at Siperian Information technology managers are facing a dilemma given the current economic climate – despite budget cuts, companies do not expect reductions in the service levels provided by IT to the business. Under such circumstances, how do you maintain or improve service levels, and continue to…