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| Standard Chartered Bank selects GoldenSource to implement golden copy data solution for corporate actions |
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| New York & London, Tuesday, 10 March 2009 | ||
| [Press Release] | ||
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FOR IMMEDIATE RELEASE: GoldenSource Corporation, a global software provider of enterprise data management (EDM) solutions for financial and securities institutions worldwide, today announced that Standard Chartered Bank has chosen GoldenSource Securities & Products to automate the creation of golden copy corporate actions notifications. This initial implementation of the GoldenSource solution will provide clean, validated corporate actions announcements to Standard Chartered's custody platforms. Its ability to deliver standardised data functionality across multiple markets, combined with a robust, scalable infrastructure, enables Standard Chartered to increase the automated validation of a critical business process, supporting the bank's growing Securities Services business in the Asia-Pacific region. The solution allows Standard Chartered Bank to combine its own in-house sourced corporate action announcements with those from data vendor sources in various formats including SWIFT ISO15022, and provides a cleansed and validated golden copy of each announcement to Standard Chartered’s core processing platforms. "Corporate actions announcements are a critical and high-risk part of our customers' business processes. Standard Chartered Bank has chosen to partner with GoldenSource because we feel its Securities & Products solution offers the best mix of functionality, architecture and domain expertise. This enables us to offer a superior quality of service and grow our business in a very competitive marketplace," said Giles Elliott, Global Product Head, Standard Chartered Securities Services. Mike Meriton, CEO and President of GoldenSource, comments, "Standard Chartered is regarded as the premier service provider in the Asian custody and securities services market and this win highlights the high calibre of the GoldenSource products and teams. Standard Chartered is a flagship client for GoldenSource as we continue to extend our Asian operations. The custody and fund administration markets in which Standard Chartered Securities Services operates are notoriously competitive. Delivering this solution in partnership with a firm of Standard Chartered's stature is further validation of the functional and architectural advantages that GoldenSource brings to the market." * * *
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