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

A-Team Insight Blogs

M&G Investments Selects MoneyMate’s DataManager

MoneyMate, a leading provider of investment data management solutions to the global asset management industry, today announced that it has been selected by M&G Investments to implement DataManager to ensure the accurate, efficient and controlled delivery of M&G’s fund product data to internal departments, external agencies and external clients.

DataManager will host M&G’s range of over 50 retail funds, acting as the firm’s central hub for fund data. The data solution will centralise the governance of dynamic and static fund data, facilitating its use via variable formats in a timely manner and providing validation checks. M&G will maintain control through its own specialist department working closely with MoneyMate. DataManager will help M&G succeed in its initiative to adapt to new trends in client data requirements, regulatory scrutiny and risk management.

M&G’s key considerations in choosing a service provider were based on flexibility, security and scalability. Given changing demands from clients, increasing product complexity and geographic expansion plans, it sought a flexible and scalable solution that would support future business needs. With regulatory demands for greater transparency of data, it was also important to implement a system that would enable M&G to demonstrate streamlined processes and complete audit trails for all of its data management processes.

M&G Retail COO Laurence Mumford commented, “Our clients demand timely and accurate data from us at all times. We recognise that by centralising the management of product data through the use of MoneyMate’s DataManager solution we will be in the optimum position to continue to deliver data to the same high standard as our business grows and client demands increase.”

“There is now a clear recognition that resolution of the data quality, transparency and reporting concerns are key priorities within the industry,” remarked Conor Smyth, SVP Global Sales at MoneyMate. “Implementing DataManager will enable M&G to enhance the oversight and control of all of their product information, ensuring it is always available in a timely, accurate and consistent manner, allowing them to deliver best-in-class client service.”

DataManager is currently being implemented at M&G with phases going live over the coming quarter.

Related content

WEBINAR

Recorded Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?

Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG data with traditional financial information, although the compliance burden remains with asset managers. The EU Sustainable...

BLOG

ComplyAdvantage Tops Up Series C Funding with Goldman Sachs Investment

ComplyAdvantage, a financial crime compliance specialist, has received new investment from Goldman Sachs Growth Equity. The investment will be used to build on the company’s rapid growth and cement its position as a critical part of the value chain for companies managing evolving risks around anti-money laundering (AML) and know your customer (KYC) processes, as...

EVENT

Data Management Summit USA Virtual

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...