RSU selects GoldenSource to provide central service backbone with Market Data Solution

RSU selects GoldenSource to provide central service backbone with Market Data Solution
16.05.2018 09:31 am

RSU selects GoldenSource to provide central service backbone with Market Data Solution

Data

 GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the risk and banking industry, announced today that Munich based RSU Rating Service Unit GmbH & Co. KG has chosen its Market Data Solution.

RSU, the market leader for wholesale credit rating systems and provider of related IT services for the Landesbanken in Germany, selected GoldenSource to provide platform infrastructure, enabling them to ingest market data from multiple data suppliers and provide individual data feeds to many banks. The move comes as regulations such as BCBS239 and FRTB continue to drive the industry towards standardising their data on a single platform.

GoldenSource underwent a rigorous selection process, beating several of their competitors by evidencing the total security of their system in terms of multi-tenant data separation and integrity, ensuring that RSU’s clients are only able to retrieve and view data meant for them.

Dana Wengrzik, Managing Director at RSU, said: “Alongside GoldenSource’s obvious technical capabilities, we were particularly impressed by their willingness to work alongside us as a long-term partner for our Central Market Data Service. The requirements of our business services are complex and we need a provider who can help us with operational efficiency while providing expertise on areas such as regulation and best practices. GoldenSource have not only demonstrated the strength of their capabilities, but also a willingness to help us grow the service as part of our long term business strategy.”

Charlie Browne, Head of Market Data & Risk Solutions at GoldenSource, concluded: “With European regulations becoming more data-driven, it is essential that RSU has a solution that supports their business and compliance needs. We have the expertise to provide RSU with the best data foundation for managing and cleansing the growing volumes of market data required by the industry in this increasingly onerous regulatory environment.”

Related News

Tieto Intelligent Wellbeing is the first Nordic AI and big data platform to receive CE certification

Tieto Intelligent Wellbeing data platform has received CE certification for medical devices. This EU certification is the first of its kind in the Nordics for a big... Read more »

Avelacom launches new Warsaw PoP at Atman Data Center

Avelacom is expanding its footprint in Warsaw making it easier for latency sensitive clients in the financial services industry to access emerging markets in Europe.

... Read more »

encompass partners with The Wanda Credit Service to further strengthen China coverage

encompass, the only provider of simultaneous, real-time access to multiple sources of global company and person data, today announced a new partnership with The Wanda Credit... Read more »

BC Platforms Partners with Google Cloud to Offer Transformational and Scalable Genomic Solutions Worldwide

BC Platforms, a world leader in genomic data management and analysis solutions, today announced it has partnered with ... Read more »

AxiomSL Honoured by 2018 RegTech Awards for Second Consecutive Year

AxiomSL, the leading global provider of regulatory reporting, risk and data management solutions, today announced it has... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App