Cadis, global EDM specialist, said it has secured 19 new global clients in 2011. New notable clients include Prudential, ING, Loomis Sayles, Robeco, SCOR Global Investments and Indexium. These clients are feeding Cadis cleansed, validated and centralized data into feed into their risk, trading and compliance platforms.
2012 will be the year of data overload for financial institutions, said Virginie OShea, analyst, Aite Group. Magnified by the burden of global regulatory reform, enterprises governance, risk and compliance departments are threatened by a sea of historical and real-time market data. Proper data management will be an asset to financial institutions to drive intelligent decision making and take action.
Daniel Simpson, CEO, Cadis added. Dodd-Frank, Basel III and MiFID II are just part of the alphabet soup of regulations that are quickly coming down the pipeline. Firms need to take a proactive approach by using their data as an asset if its not managed properly it just becomes a liability.
(JDC)