Reference-data

 
 

Customer Speak

  • Majoris offers business consulting-led, integrated portfolio of IT services and solutions delivered through its unique delivery model which is recognized as the benchmark of excellence in software development.

    John Mathew
    Founder | Director
  • Majoris offers business consulting-led, integrated portfolio of IT services and solutions delivered through its unique delivery model which is recognized as the benchmark of excellence in software development.

    Vikram Mathew
    CEO |
  • Majoris offers business consulting-led, integrated portfolio of IT services and solutions delivered through its unique delivery model which is recognized as the benchmark of excellence in software development.

    John Mathew
    HR |

Reference Data Management

Overview

It is one of the most crucial and significant aspect of global securities & capital markets sector, as regulatory requirements become more stringent everywhere. Financial institutions are gearing up for a slew of regulations such as Basel III for capital adequacy, the CFTC mandated use of CICI by October 2012 and the Dodd-Frank-related Legal Entity Identifier (LEI) adoption starting in 2013, among others.

To manage the increasing compliance burden, financial institutions have to upgrade their existing systems to make them more agile. The challenge is further compounded by a weak global economic climate resulting in pressure to increase cross-selling, and already-tight IT budgets weighed down by integration initiatives related to mergers & acquisitions.

Solutions

While dealing with physical assets managers are often faced with multiple challenges, these can broadly be grouped as follows:

  • Demand for intra-day risk updates are forcing firms to re-architect the data systems that feed their risk systems
  • Data management is being increasingly outsourced to reduce costs
  • Better data quality can reduce a firm's capital reserve requirements
  • Data flow and process re-engineering will speed up client on-boarding
  • Data consolidation facilitates creating the single view of customer needed to cross-sell

Majoris has an extensive experience in the reference data management space, and is the data management outsourcing partner to five global financial services firms. Majoris has been the implementation partner for numerous major projects and consulting engagements around the globe and has worked with financial instruments, entity/ client/ counterparty data, SSIs, and account/book data.

Majoris's Reference Data Practice unites the best capabilities across the organization's business and technology service lines to deliver reference data expertise in IT and operations outsourcing and consulting to clients across geographies.

Majoris's current targets for investment and client-facing programs include:

  • LEI adoption
  • Offshoring of data quality
  • Building a single view of customer
  • Risk Enablement through data quality

Quick Enqiury

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