Introduction
CubeMatch were engaged to work on the implementation of a Global Reference Data services Project in a large investment bank. The task included a strategy for the implementation programme in the bank covering the business architecture and procedures, as well as the Technical infrastructure. CubeMatch helped the bank define and achieve its goals.
CubeMatch Deliverables
Regulatory, Audit and Compliance mandates for delivery of accurate and granular data to support enterprise wide exposure and capital adequacy allocation
- Maintenance of an accurate and consistent view of business entity data available across the organisation
- Reduced systemic risk and escalating costs relating to inefficient data quality, governance and operational processes
CubeMatch Approach
- Established a centralised, holistic view to ensure consistency of data and support of data distribution across functionally and across business lines
- Aggregation of data into a single view of entities shared across the firm, linking entities, issuers, securities and transactions for analysis and risk assessment
- Implementing transparent and understood governance and maintenance controls around data
- Designed and implemented a well-structured and flexible mechanism to source, cleanse, share and distribute reference data across the organisation
- Linking and aggregating data enterprise-wide
- Established controls and governance for sourcing, maintaining and distributing enterprise data
Benefits Delivered
- Business expertise in Reference Data and Risk Management
- Practical governance and controls framework
- Ensured clients understood their data assets and realised global strategic data initiatives through the implementation of good governance, process efficiencies, cost savings and data quality improvements