Member Login
New York
London
Mumbai
Hong Kong
Media Contacts
US Press Office:Sheryl Lee
Tel: +1 917 320 6462
Email: sheryl.lee@metia.com
UK Press Office:
Nicola Garvin
Tel: + 44 (0)20 3100 3586
Email: nicola.garvin@metia.com
| Top Award for EDM/Reference Data at 2008 Banking Technology Awards |
 |
 |
 |
| London, Tuesday, 11 November 2008 | ||||||
| [Press Release] | ||||||
|
FOR IMMEDIATE RELEASE: GoldenSource Corporation is pleased to announce that it has won the Best Enterprise Data Management/Reference Data Product category in Banking Technology magazine's Readers' Choice Awards for its Enterprise Data Management application suite. GoldenSource fended off competition from runners up Asset ControlTM and SybaseTM. AwardThe Banking Technology Awards celebrate excellence and innovation across a range of IT activities in banking and financial services and GoldenSource is honoured to be recognised by the industry as the best vendor of enterprise data management systems.The Banking Technology awards are voted for by the magazine's international readership. The announcement was made at the prestigious Annual Banking Technology Awards gala dinner held at Grosvenor Hotel in London on Thursday 6 November, attended by 500 guests from leading banks and suppliers.Banking Technology CommentDavid Bannister, editor of Banking Technology commented: "This is the second year we have asked our readers to name their choice of vendors and systems. Again we have been very pleased with the response, and congratulate all the winners and nominees on attracting such support from the user community."GoldenSource CommentMichael Meriton, president and ceo of GoldenSource said: "We are delighted to have won this prestigious award and proud of the recognition this represents from the financial services industry that we serve. We look forward to building further on our track record and helping more financial institutions meet new operational, regulatory and risk management challenges through cost effective implementation of our innovative data management solutions." In observing that EDM has grown to become one of the 8 key technology categories that financial institutions are voting on, Mike comments that this "reflects the significance banks attach to a robust data management infrastructure that enables all exposures to be measured and risks to be controlled, while delivering operational efficiencies and reducing costs. The ability to deliver strategic value in tactical data management implementations is a key differentiator for GoldenSource."The award comes at a time when data management remains high on the agenda and budget priorities of financial institutions, as firms search for better and faster ways of managing their exposure to counterparty risk and complex financial products such as OTC derivatives. Recent events highlight that data management is becoming a regulatory requirement with the need to intelligently store more data than ever before, including historic data and full audit trails. Continued innovation in areas like pricing, corporate actions, derivatives and market data will allow GoldenSource customers to successfully mitigate risk and meet new compliance objectives. More than ever, firms need to understand the linkages between instrument data, customer / counterparty data and positions and transactions. Data centralization, automation and the need to integrate and connect disparate data sets are forcing financial institutions to tackle enterprise data management from all angles. The GoldenSource EDM Suite remains unique in its ability to deliver this integrated data management platform. * * *
|
