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Reference Data Management

The outsourcing of reference data management is a relatively new concept to the securities industry, yet Ger Rosenkamp, chief executive of Asset Control, says it is a 'logical next step'. Firms are now more willing to outsource the management of reference data, which they increasingly consider to be a commodity product. Quick start features of the solution include a fast interface builder, which enables institutions to implement centralized data management at a low cost, says Rosenkamp. Asset Control emphasizes that 'true data management' requires much more than software. The AC Data Suite provides a single integrated software and data management solution. The product is compatible with the ISO 15022 data dictionary. AC Data Suite will be offered as an upgrade to Asset Control's existing clients.

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