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

A-Team Insight Blogs

Mizuho International Goes Live with Second Phase of GoldenSource EDM Project

Mizuho International has gone live with the second phase of a project based on GoldenSource enterprise data management (EDM) solutions. The London-based securities and investment banking arm of Mizuho Securities, part of the Mizuho Financial Group, implemented GoldenSource’s entity master application, Customers & Counterparties, in January and recently went live with the company’s security master application, Securities & Products.

The security master replaces fragmented legacy systems and is integrated on the same platform as the entity master, providing a single and central reference data platform for Mizuho International’s trading, risk and compliance functions. The reference data platform also feeds Mizuho’s recently harmonised settlement and clearing system.

The EDM implementation is part of a wider change programme at Mizuho International, which is being driven, in part, by the Basel Committee’s BCBS 239 regulation and is designed to deliver operational gains and business benefits based on improved data management. Kevin Gage, chief information officer and head of operations at Mizuho International, explains: “As part of a major change in our infrastructure, it was imperative to establish a solid base of customer and securities data. The two GoldenSource products lay the foundation for the new infrastructure, creating a secure source of standardised information for risk management and regulatory and financial reporting systems.”

Neill Vanlint, managing director for global sales and operations at GoldenSource, adds: “By having security and entity data combined on one centralised platform, Mizuho International is well positioned for future requirements.”

Vanlint expects more customers to harmonise their reference data by deploying GoldenSource solutions in a similar way to Mizuho International. He also notes increasing uptake of the company’s managed services, which are well suited to hedge funds and satisfy the needs of customers looking for point solutions to solve particular problems. He explains: “GoldenSource managed services offer applications including pricing, valuations, securities and corporate actions as individual services. Customers buy these services in a different way to software, often identifying a problem and allocating a unit of budget to solve the problem. This is a change for us.”

Related content

WEBINAR

Recorded Webinar: Best practice for Regulatory Change in 2021 and beyond

How to get regulatory change management right and avoid the risks of getting it wrong The burden of regulatory change on financial firms has never been greater, leaving compliance teams under increasing pressure to ensure that changes are reviewed and acted upon in a timely manner. Technology enhancements in this space can help, allowing firms...

BLOG

Coronavirus Impact Upends Company Data Disclosure

By Rosy Bitar, Head of Company Financials Data, and Brandon Emmerich, Technical Product Manager, at Bloomberg. Among Covid-19’s widespread effects, the virus has thrown a wrench into a vital process within the financial markets: the disclosure of company data that investors use to inform their positions and trades. The pandemic has altered publicly traded companies’...

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

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...