Recognizing the need for an effective and reliable data management system, Japan’s Aozora Bank has recently implemented GoldenSource’s Counterparty solution, marking completion of the first phase of the EDM Suite implementation.
GoldenSource, global provider of enterprise data management solutions, says the EDM Suite of applications will deliver a robust foundation for centralized, cleansed repositories for all key reference data, including counterparties, customers and securities data.
According to GoldenSource, the Counterparty solution, as part of the EDM Suite, helps accelerate enterprise data integration initiatives, enabling enterprises to reduce IT costs and complexity by providing a single, consistent enterprise-wide view of data.
The Counterparty solution is designed to access, transform and integrate counterparty data from a variety of enterprise systems and deliver that information in real time to other transactional systems throughout the bank to support decision-making.
Bill Chute, chief technology officer of Aozora Bank, said, The first phase of establishing a comprehensive data management environment is now in place with the GoldenSource Counterparty solution and we are beginning to derive tangible business benefits in support of our data management strategy after only a few months. This is testimony to the power of the integrated GoldenSource EDM Suite.