Fitch Ratings, a global rating agency committed to providing the world’s credit markets with independent, timely and prospective credit opinions, has selected and implemented LakeFrontData’s Reference Data Factory (RDF) for its Securities Reference Data Management platform.
Fitch selected LakeFrontData’s RDF for its reference data management platform having already chosen a service oriented architecture (SOA) as its forward thinking business-driven technology approach. With RDF, Fitch cost-effectively implemented 80 inbound data feeds, and built a comprehensive securities data model with over 6 million securities and a powerful data publication and distribution service.
“Fitch is very demanding, and we have stringent interoperability, flexibility and performance standards for third-party platforms. RDF fit right into our Service Oriented Architecture, adapted easily to the data feeds we required, and exceeded our performance targets,” says Tony Maceroli, managing director of Information Technology, Fitch.
“Data is key in Fitch’s business, it was more than picking a software vendor. Having an overall strategy and operating model in place let them analyse choices including software, buy/build, vendors, priorities, quality, skill sets/hires and services,” adds Dale Richards, CEO, LakeFrontData.
LakeFrontData’s RDF is an open standards SOA software platform for data acquisition, normalisation and distribution, and is equipped with a strong data model that provides a practical and scalable service. RDF operates and integrates with any other vendor data or client-built models.