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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 Consorzio Operativo MPS has selected GoldenSource Customer and Counterparties to create, maintain and publish a standardised reference data repository for all of MPS Group’s counterparty data.
This single view of entity data includes an accurate representation of complex corporate hierarchies, enabling business users to better understand client relationships and the overall corporate structure.
Consorzio Operativo MPS’s implementation of GoldenSource will establish a centralised approach on Counterparty data which promotes greater operational efficiency, reduced operational risk, improves time to market and enables MPS Group to reach compliance with current and future regulations.
“We selected GoldenSource because it offered us a complete and innovative integrated solution to process all the financial data used by the business,” said Enrico Farina Manager of Consorzio Operativo MPS. “This project is fundamental to MPS Group’s long-term strategy of growing the business. GoldenSource will enable us to significantly reduce on-boarding times by providing a quick and efficient process. Moving to this automated, workflow-based approach will significantly reduce the level of operational risk and improved data quality. We believe that GoldenSource provides an optimal solution to these issues and look forward to working closely together with them to improve the financial reference data landscape.”
Max Broggi, GoldenSource Vice President Head of Sales EMEA added: “We are very pleased to have partnered with Consorzio Operativo MPS to help them improve their data governance framework as well as facilitate their compliance with existing and emerging regulatory requirements.”
