KBC selects Fame's ReferencePoint for data management

Belgium-based banking group KBC has signed a multi-year agreement for Fame Information Services' data consolidation and cleansing software, ReferencePoint.

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KBC selects Fame's ReferencePoint for data management

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At KBC, the software combines reference and historical market data from multiple sources, including Reuters and Bloomberg Data License, and cleanses it using standard routines - some of which were customised to the bank's requirements.

The product then automatically feeds cleansed data into multiple internal systems.

John Wallis, head of European sales, Fame, says: "ReferencePoint is a complete solution for creating a cleaned, validated, 'golden copy' data set for an organisation or business function."

The KBC implementation was undertaken as a fixed-price, fixed-delivery date agreement.

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