Reference Data Utility: A new approach to data management

Financial Institutions are looking for a new approach to managing their data. Poor quality data is contaminating the transaction chain; new regulatory obligations are putting
current processes under stress and budget constraints demand that firms do more with less. Individually, firms are looking to efficiently execute on their data governance
policies and are not willing to start again from scratch or persist with the practice of buying more data, knitting it together and adding new systems without any guarantee
of results. This is why SmartStream has created the Reference Data Utility (RDU).

This industry revolutionising approach cuts through the complexities of sourcing, managing, controlling and distributing data. The RDU’s unique methodology refines the data management workflow. It increases the overall quality of data by mutualising common processes whilst accommodating individual client standards and controls. Firms can leverage or replace their existing data infrastructure and adopt industry led best practices, policies and procedures to guarantee results and enable efficiency gains.

SmartStream are proud sponsors of FIMA 2014. Adam Cottingham, Vice President, Data Management Services for SmartStream will be speaking on Day 1 at 14:10 in Stream B on Data Quality & Standards.

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