| New product helps firms manage and distribute accurate security reference data Eagle Investment Systems Corp. has launched Eagle Reference Manager, a security reference data management and workflow product. Eagle Reference Manager is a standalone solution that can help financial services firms consolidate, translate, validate and disseminate clean and accurate security reference data throughout their enterprise. In addition to supporting internal straight-through processing, Eagle Reference Manager can help firms realise numerous benefits, including a positive return on investment by reducing costs associated with managing disparate data vendors, decreasing exceptions due to manual updates and growing their business without compromising the quality of information. In addition, Eagle Reference Manager makes it easy for firms to establish a data standard throughout their enterprise, which can result in additional cost savings and reduced operational risk. Traditionally, a financial sector firm manages numerous sources of data in different databases throughout its organisation. This silo-management approach can cause workflow and data quality issues resulting in increased risk, manual intervention and discrepancies between systems. Eagle Reference Manager can help eliminate redundancies by centralising data feeds in one repository, then managing and distributing the data consistently throughout the organisation. Once data feeds are brought into the Eagle repository, the data is scrubbed, validated and ready for distribution. Since data workflow is managed separately for each instance, exceptions are repaired and validated as needed, without holding up the data workflow process.
•Date:
3rd April 2003 •Region: N. America •Type:
Article •Topic: Op.risk |
