The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Mellon, Eagle, Telekurs Team up To Integrate VDF into PACE

Mellon Financial has selected the Valordata Feed (VDF) from Telekurs Financial as part of its enterprise-wide global reference data infrastructure. Mellon is using VDF to integrate a range of securities reference data – including security descriptions, ID cross-reference and corporate actions – into Mellon’s Eagle PACE data management platform, provided by Mellon subsidiary Eagle Investment Systems. Mellon is consolidating its security master data on Eagle PACE to enable it to clean, enrich, extract and distribute data to meet the report-ing and information requirements of its internal and external clients.

Amy Harkins, Mellon senior vice-president and managing director of Mellon market data and director of global asset servicing, says Telekurs was chosen for its “unique combin-ation of structured database and fully encoded data, as well as extensive global coverage and high quality”. “By enriching the Eagle PACE environment with data from Telekurs’ VDF, Mellon is able to further eliminate human intervention in the security master workflow,” she says.

Barry Raskin, president of Telekurs (USA), says Mellon was a long-standing user of some of Telekurs’ older product lines for pricing and corporate actions data, prior to its decision to take a complete reference data solution via VDF. “Eagle PACE now has VDF loaders, which Mellon, as the owner of Eagle, believes will help to facilitate growing the Eagle PACE footprint. From the Mellon perspective, this is a great opportunity to provide a differentiation in its service,” Raskin says. “Mellon is a great custodial bank, and now it has another arrow in its quiver in the form of a relationship with a premier reference data provider.”

The process of integrating VDF into Mellon’s PACE platform is well under way, Raskin says. “The agreement was signed late last year and we have been working very closely with Mellon and Eagle to get the implementation done. It’s coming very soon and we are in discussions with potential clients about the service already.”
For Telekurs, the Mellon relationship gives VDF a valuable stamp of approval, Raskin believes. “It also gives us an opportunity to talk to a lot of institutions that we couldn’t get to at the right level previously.”

Related content

WEBINAR

Upcoming Webinar: Regulatory change management – challenges, solutions and case studies

Date: 7 December 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Regulatory change has become part of the fabric of capital markets. It has also become increasingly complex as more regulations are introduced, significant amendments are made frequently, and small changes are made on a rolling basis – the whole...

BLOG

Société Générale Goes Live with Self-Service Analytics Platform from Incubator Spin-Off Opensee

Société Générale has gone live with Opensee’s real-time self-service analytics platform. Initial uses of the platform are day-to-day regulatory reporting, management of the interest rate risk of the banking book (IRRBB), and management of market risk-related capital requirements linked to Fundamental Review of The Trading Book (FRTB) regulation. The bank will also implement the platform...

EVENT

RegTech Summit London (Redirected)

Now in its 4th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...