Kedrios and GoldenSource Team on Integrated Financial Data Flows
Kedrios, a SIA-SSB company specialising in back-office products and services, IT and administration outsourcing and market data dissemination, has signed an agreement with GoldenSource, a provider of enterprise data management (EDM) solutions, to provide banks, investment managers and brokers with a new service for the integrated management of financial data flows.
The new service, called Kedrios Data Management (KDM), will provide on a single centralised system an EDM solution capable of implementing customised rules and procedures for the collection, validation and comparison of data (securities and counterparties, corporate actions and prices) from different internal and external sources (data providers) used on a daily basis to support critical business processes.
The KDM service will allow users to align their data management strategy with best practice recommendations from influential trade associations, such as the Enterprise Data Management Council (EDMC), and will help financial institutions maintain the product, market and customer classifications needed to meet MiFID (Markets in Financial Instruments Directive) standards.
“Thanks to the alliance agreement signed with GoldenSource, we are able, for the first time in Italy, to provide financial institutions with a new service that can radically change their way of managing financial data and support them in their daily processes towards the final investor,” said Mario Danieli, general manager of Kedrios. “Today, industry operators need to have at their disposal efficient tools for the integration and processing of financial data flows which increasingly represent a strategic resource for all business processes, and a guarantee of transparency and customer protection.”