Henderson Global Investors are reaping the benefits of Curium, Sun Street's innovative Data Quality Management solution.
Following a highly successful pilot project Henderson have selected Curium as their strategic solution for data quality management across their Investment Operations. During the pilot, Curium was put through its paces both functionally and technically and proved a good fit with Henderson's operating model and with their existing data and technical platforms.
Andrew Rydon, Head of IT at Henderson explained "One of the great benefits that attracted us to Curium was the ability to add additional data management capabilities to our business without having to change our existing technical platforms. The product integrated easily and the implementation was a very straightforward exercise." Andrew continued "The Curium workflow even integrates with our existing automated checks and balances with the result that we now get more from the investment we had previously made in data quality."
Deployed into the Data Management function within Henderson's Investment Operations, Curium is being used to reconcile and validate pricing and reference data from many sources both external and internal to Henderson. The solution also delivers a robust control environment for dealing with any issues that may be detected and for managing the resolution activities within the team.
Stuart Levy, Head of Data Management at Henderson said "We have found that by eliminating the noise generated by data quality false alerts and prioritising the issues that really matter to our business Curium allows us to get the most out of our data management resources."
Bringing together data from multiple third party administrators, in house databases and trading systems as well as external market data sources and many index data providers, Curium allows the operations staff to deal with missing or invalid data, resolve discrepancies between providers and monitor that ongoing changes to the master data are synchronous and accurately applied to all systems. This process ensures that the master data used across the business is consistent and remains in-line with the best available market data.
Mat King, Director at Sun Street Limited commented "I am delighted that Henderson are live with Curium. Unpredictable markets, ever increasing regulation and scrutiny from auditors & clients create a tough environment for maintaining data quality within the financial sector. Although they already had robust controls in place, the addition of Curium puts Henderson well ahead of the pack when it comes to ensuring data quality."