30 April 2017
visit nextgenbanking.co.uk

BNY Mellon Asset Management chooses Markit EDM platform

07 January 2014  |  2217 views  |  0 Source: Markit

Markit, a leading, global financial information services company, today announced that its Markit Enterprise Data Management (EDM) platform has been chosen by BNY Mellon Asset Management.

Markit EDM will enable the $1.5 trillion-dollar asset manager to unify significant components of its data management operations and eliminate manual processes.

Markit was selected after an extensive due diligence process and a highly successful Proof of Concept. The first phase of the project will focus on amalgamating, cleansing and validating index data to create a master dataset for analytics. In subsequent phases, BNY Mellon plans to expand the usage of the platform to support the growing data management needs of its global subsidiaries.

Daniel Simpson, managing director and head of enterprise software at Markit, said: "Organisations on the buy and sellside recognise the need for an enterprise-wide platform to take control of their data and break down silos. BNY Mellon is doing just this by taking a top down approach to managing its data across the firm and its multiple global subsidiaries. The implementation will enable the investment manager to have complete confidence in the data used across the business." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out morevisit dh.com

Top topics

Most viewed Most shared
JPMorgan formally quits R3JPMorgan formally quits R3
8500 views comments | 27 tweets | 16 linkedin
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
8426 views comments | 18 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7781 views comments | 19 tweets | 18 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6518 views comments | 22 tweets | 21 linkedin
UBS moves risk platform to Microsoft Azure cloudUBS moves risk platform to Microsoft Azure...
6446 views comments | 11 tweets | 21 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job