Data vendor GoldenSource has been selected by fund administrator Apex Group to deliver its centralised pricing and reference data service.
Apex will use GoldenSource’s Enterprise Data Management (EDM) service to help deliver improved operating and cost efficiencies through the standardisation of data management across multiple business functions and providing uniform operational data management.
The fund administrator also plans to leverage the GoldenSource platform to support its onboarding abilities for other data types, such as reference and transaction data to provide a harmonised view of Apex’s data assets.
This will enable the onboarding of further acquisitions to the centralised data repository and make reporting available across the group.
“It’s no simple task when integrating the data infrastructure of separate businesses. We’re looking to standardise, streamline and reduce point-to-point integrations, duplication and the need for reconciliations,” said Chris Mulhern, global head of operational strategy.
“A centralised data infrastructure is the best way forward for us, so with GoldenSource we can continue along our current growth trajectory with even greater ease.”