'Powered By' GoldenSource

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The financial services value chain is often compared to a manufacturing cycle where the raw product is 'data'. Financial data is produced, refined, assembled, repackaged, sold and resold, and ultimately consumed by financial institutions.

The need to efficiently manage data flow is at the heart of all these processes. The GoldenSource Powered By program is aimed at all organisations who are intermediaries in this data ecosystem, including:

  • Financial Exchanges and Depositories
  • Data providers
  • Managed data services
  • Business process outsourcers
  • Securities services providers
  • Hedge fund administrators

What is the "Powered By" Program?

The "Powered By" label is awarded to GoldenSource partners who provide value added processing and data services to the banking and investment industry. It certifies that the data management platform underpinning the partner’s service is based on the GoldenSource Enterprise Data Management suite, the trusted industry standard for acquiring, managing and distributing critical data sets.

"Powered By GoldenSource" products and services allow end users to source standardised content from leading data vendors and other intermediaries, and combine it with their own enrichment and data distribution requirements. This hybrid data management model is available from GoldenSource "Powered By" partners across all industry segments.

The "Powered By" program is a cornerstone of the GoldenSource vision of offering a trusted data standard across the entire data management lifecycle.

Benefits – why our partners have chosen to be "Powered By" GoldenSource

By using GoldenSource as the trusted data platform for its own product or service, our partners can

  • Reduce time-to-market by using proven GoldenSource technology
    Datamodel is industry standard, with continuous development over 20 years and 300+ MM $ of R&D investment
  • Leverage GoldenSource market recognition as the de facto standard for data management
    GoldenSource supplies its EDM platform to market leading companies
    GoldenSource is at the centre of industry best practice and is a founding member of EDM Council
  • Focus on core competencies
    Automating the management of data is complex, time-consuming and expensive to build and maintain. Our Powered By partners have chosen to outsource this specialised capability to GoldenSource, allowing them to focus on their core business competencies.

Benefits

With a GoldenSource EDM solution delivering a trusted golden copy of crucial data, financial institutions can:

  • Reduce data sourcing costs by automatically integrating third-party data
  • Eliminate much of downstream need for validation and exception management, saving time and administrative cost
  • Reduce the incidence of failed trades
  • Protect the business against reputational and regulatory risk
  • Identify cross- or up-selling opportunities more quickly and accurately
  • Increase market share by moving into new markets, regions or product categories while re-using the same EDM reference data architecture
  • Build an accurate picture of risk and opportunity across the enterprise
  • Integrate data from acquisitions without the need to change operational systems and processes – thereby driving value from the acquisition as early and costeffectively as possible
  • Deliver superior client service
  • Support product innovation
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