MoneyMate, a specialist provider of investment data management solutions to the global asset management industry, today announced that it had won a contract with Schroders to provide a managed service to control the aggregation and cleansing of their product information for presentation on websites.
Based on the MoneyMate DataManager service, the solution will ensure the timeliness, accuracy and consistency of Schroders product information which is communicated to their clients and distribution channels.
Schroders funds are registered and domiciled around the world. The DataManager service will manage the full global range of over 650 funds. The underlying data is produced and stored in a number of ways across Schroders offices spanning 32 geographical locations, and by third party administrators globally. DataManager will centralise and validate pricing, performance, holdings and all static fund data in many formats and make this data available in real-time for publication on Schroders websites and in fund documentation.
"The primary factors in our decision were an understanding of our requirements and a demonstrable solution to the data management challenge we seek to address," commented Gerard Walsh, Head of Web & CRM at Schroders. "The focus of this initiative is to present accurate, up-to-date and error-free product information on our websites. MoneyMate is able to prove a track record in delivering product information management services in our industry, and Schroders will be able to leverage MoneyMate's expertise in working towards our strategic objectives."
"Asset managers need to mitigate the risk of communicating incorrect or out of date information to the market," commented Conor Smyth, SVP Global Sales for MoneyMate. "MoneyMate has extensive domain expertise and investment data management is our business. Partnering with MoneyMate in this initiative will put Schroders in control of all of their global investment product communication."