Xenomorph, the analytics and data management solutions provider to global financial institutions, announced today that Mediobanca, the leading investment bank in Italy, has selected its TimeScape management system to further enhance Mediobanca's risk management processes through automated data validation and improved data quality.
TimeScape will form a centralised component of Mediobanca's IT infrastructure, providing front, middle and back office with reference, static and market data. TimeScape will deliver this data to both downstream systems and end-users, enabling easy access to normalised and quality-checked data derived from a variety of internal and third-party sources. With TimeScape, the time it takes Mediobanca to create, analyse and validate new instruments will be greatly reduced, and front-office instrument knowledge will become an integrated part of the overall data management process.
Matthew Skinner, Managing Director of Xenomorph Europe, said: "We are delighted to have been selected by Mediobanca. TimeScape is fast to implement, easy to extend as new business requirements occur and enables more transparent access to data for end-users and systems alike."