The past 12 months has seen the emergence of new players offering Business Process Outsourcing (BPO) services for Reference Data Management. These new arrivals expand the range of options available to financial institutions for addressing the challenges of regulatory compliance, operational cost reduction and scalability.
But BPO has other benefits, and innovative adopters have benefited from using the model to create new value-added services. By catering to clients' data management needs, these players have been able to transform what's traditionally been considered a cost center into a new and significant source of revenue.
This research paper illustrates the case of SIX Financial Information and Bank Vontobel which turned their internal enterprise data management initiative into a foundation for business growth.
Published by AIM Research Lab, this paper can be downloaded for free from homepage.
About AIM Software
AIM Software (aimsoftware.com), with offices in Switzerland, Luxemburg, Austria, France and the UK, is one of the leading providers of data management applications for the financial community managing and servicing assets since 1999. Solutions include software for reference data management, portfolio pricing and corporate actions announcement capture. With more than 110 references, AIM operates globally and offers low risk all-in-one software packages, based on its industry-proven data management platform GAIN.