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GoldenSource "Powered By" Program Takes Steps to Standardize Data Management Across Entire Data Supply Chain
NEW YORK, June 27 /PRNewswire/ --
- Program Includes Data and Services Firms Such as IBM, OpHedge and
Broadridge Financial Solutions
GoldenSource Corporation, a global software provider of
Enterprise Data Management (EDM) solutions for financial and securities
institutions worldwide, today reported that its "Powered By" program is
helping the company take strong steps towards improving ease of communication
not only within financial institutions but across the entire data supply
chain. Firms that have joined the program include providers such as
Broadridge Financial Solutions and securities services and middle/back office
administrators such as OpHedge, IBM SIS and a large global investment bank.
As EDM technologies gain wider acceptance and the benefits of
centralized, good quality data are realized within financial institutions,
the pressure on external data providers to supply the same quality of service
continues to rise. GoldenSource created the "Powered By" partner program to
make its EDM platform widely available to all participants in the data value
chain.
Broadridge Financial Solutions, Inc., (NYSE: BR), formerly
ADP's Brokerage Services Group, is using GoldenSource to power its Global
Reference Data Solution, a fully managed enterprise solution that combines
capture, scrubbing, storage and distribution of mission critical reference
data in an outsourced solution. "We want to provide our clients with the best
data management possible - GoldenSource was an obvious choice. We can see
that wider market adoption of standard solutions such as Broadridge's Global
Reference Data Solution and the GoldenSource suite will bring increased
efficiencies to the data supply chain, which will ultimately benefit the end
user in financial institutions," said Richard Stumm, VP of business
development, Broadridge Financial Solutions.
OpHedge Investment Services, LLC, a leading hedge fund
administrator, uses GoldenSource's EDM platform to streamline its reporting
and data management process by creating, maintaining and publishing a
standardized reference data repository for all financial instruments. "There
is demand from the industry to move to a standard practice and methodology
for managing data - you can see that through the interest and participation
in the EDM Council. We see GoldenSource as the leader in this area and their
"Powered By" program means financial institutions stand to have plug and play
data from all parts of the industry. This would be a great thing for all
participants," says Jeff Li, CIO, OpHedge Investment Services.
A leading global investment bank, which offers outsourced back
office processing to the buy-side, is now offering its clients a trusted data
source and function using GoldenSource. IBM Securities Information Service
(SIS) has also licensed the EDM suite as part of its brokerage processing
solutions for Canadian securities clients.
"Business growth and risk mitigation are among the drivers for
improved data quality within financial services firms. Companies along the
full data supply chain serving these institutions realize that in order to
meet their customers' goals, they need to be able to provide them with a
single view of quality data. For this they are turning to GoldenSource as a
powerful and proven solution, which delivers the scalability and flexibility
these firms demand as they grow their data services businesses," explains
Michael Meriton, GoldenSource President and CEO.
Download a copy of the latest GoldenSource white paper,
"Enterprise Data Management: Buy, Build or Outsource the Reference Data
Platform -- Risks and Rewards," at www.thegoldensource.com/buy-build.html.
About GoldenSource
GoldenSource Corporation delivers Enterprise Data Management (EDM)
solutions to financial institutions globally. EDM is a technology and
operations strategy that will consolidate data, and the data management
function, to better manage the distribution of critical data to business
applications. Financial institutions that embrace EDM are able to target a
broad spectrum of data sets including security master files, trading
positions, legal entity definitions and transaction data.
GoldenSource's solutions provide the fundamental integrated platform to
improve information quality and efficiency throughout an enterprise. As a
pioneer of EDM solutions, GoldenSource powers managed data services via the
innovative Powered by GoldenSource(TM) program. Launched in 2004, Powered by
GoldenSource supports outsourced data management services for many of the
world's leading global institutions, including IBM, Broadridge Financial
Solutions, HSBC and OpHedge.
GoldenSource and its certified partners provide a wide range of
implementation and support services to ensure initial and continued success.
The company is dedicated to the business principles that ensure its customers
are its best references.
For more information, visit www.thegoldensource.com or email
info@thegoldensource.com
UK press office:
Metia Ltd.
Louise Mezzina
Tel: + 44-(0)20-3100-3651
Email: louise.mezzina@metia.com
U.S. press office:
Metia Inc.
Audra Tiner
Tel: +1-917-320-6457
Email: audra.tiner@metia.com
Client contact:
Susan Frederick
VP Marketing
GoldenSource Corporation
Tel: +1-(212)-798-7255
Email: sfrederick@thegoldensource.com






