GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the securities and investment management industry, announced today that Mizuho International plc, a subsidiary of one of the largest financial institutions in Japan, has gone live with Securities & Products, GoldenSource’s renowned global security master application.
This follows the investment bank’s January deployment of GoldenSource’s entity master application - Customers & Counterparties.
Integrated on a single platform, Mizuho International is using both products to deliver full reference and counterparty data management in support of the trading, risk and compliance functions of its investment banking business across London.
Kevin Gage, CIO & Head of Operations at Mizuho International, said: “As part of a major change in our infrastructure, it was imperative to establish a solid base of customer and securities data. The two products lay the foundation for the new infrastructure, creating a secure source of standardized information for Risk Management, Regulatory and Financial Reporting systems. ”
Shinobu Yamazaki, Global Head of Operations for the Mizuho Securities Group, added: “We are keen to see the GoldenSource application as the foundation of the global settlement platform incorporating the database of both global securities and customers.”
Neill Vanlint, Managing Director for Global Sales & Operations, said: “As ever more stringent regulations such as BCBS 239 come into play, firms are always on the lookout for ways to establish more efficient risk and collateral management processes. By having security and entity data combined on one centralised platform, Mizuho is well positioned for future requirements and has an important competitive differentiator.”