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2015
May
26

Reduced risk and improved compliance – Mizuho International relies on GoldenSource.

By  Intalus
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Mizuho International plc, a subsidiary of one of the largest financial institutions in Japan, has gone live with Securities & Products, GoldenSource’s global security master application. This global reference data system for all instruments and asset classes provides the following benefits:

  • Improved Data Governance and Meets Compliance Demands: Regulators and clients insist on transparency. GoldenSource can prove data lineage, providing end user visibility to the data supply chain.

  • Lower Costs: Using Golden Copy logic, GoldenSource centralizes data storage. The number of interfaces is reduced resulting in lower cots for data management.

  • Increased Productivity: Automated processes provide for a higher data quality. Managed Connections guarantee that data is delivered to the right user when and how they want it.

  • Improved Risk Management: Correct, complete and consistent data for improved risk analysis.

  • Strengthened Customer Relationships: Roll out products faster and increase revenue by making your security master more agile and flexible.

 

Security and customer data from a single source
Integrated on a single platform, Mizuho International is using both products to deliver full reference and counterparty data management in support of the trading, risk and compliance functions of its investment banking business across London, adds GoldenSource. Kevin Gage, CIO & head of operations at Mizuho International, said: “As part of a major change in our infrastructure, it was imperative to establish a solid base of customer and securities data. The two products lay the foundation for the new infrastructure, creating a secure source of standardised information for Risk Management, Regulatory and Financial Reporting systems. ” Neill Vanlint, managing director for global sales & operations, said: “As ever more stringent regulations come into play, firms are always on the lookout for ways to establish more efficient risk and collateral management processes. By having security and entity data combined on one centralised platform, Mizuho is well positioned for future requirements and has an important competitive differentiator.” 

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GoldenSource is a leading provider of Enterprise Data Management (EDM) solutions for the securities and investment management industry with trusted data from more than 80 sources. Since March 2015, Intalus maintains a strategic partnership with this company.