Broadridge Financial Solutions, Inc. announced the upgrade of its Global Reference Data Solution (GRDS). GRDS helps firms to reduce operational risk and downstream processing errors, while helping to minimize their overall data management expenditure.
The functional GRDS enhancements include greater data governance capabilities that allow firms to align their data management rules to their business processes, such as:• sophisticated pricing capabilities for validating vendor data and handling exceptions• greater flexibility in the definition and management of data integrity, allowing different consumers to specify their critical data attributes in a non-linear fashion
GRDS is a managed service that provides the software, hardware and resources needed to support the acquisition, cleansing, storage and delivery of “golden copy” reference data. Unique to the market, GRDS uses GoldenSource’s Enterprise Data Management infrastructure coupled with the recognized outsourcing capabilities of Broadridge.
Broadridge’s Global Reference Data Solution includes a flexible, client-defined rules engine that enables firms to manage both simple and complex securities data. GRDS is also highly scalable, supporting a firm’s growth, especially when that growth is achieved by entering new markets. The Global Reference Data Solution is a vital tool for mitigating risks where reference data is critical in the evaluation of potential exposure.
D.C.