GoldenSource Adds Single Entity Master to EDM platform

In the latest version of its enterprise data management (EDM) offering, GoldenSource has added support for a single entity master.
By Rob Daly(2147487629)
In the latest version of its enterprise data management (EDM) offering, GoldenSource has added support for a single entity master.

The offering, which can be implemented locally or hosted remotely, manages instrument, counterparty and issuer data on a single platform, using keys such as the legal entity identifier (LEI) to link each entity to its various roles, hierarchies and alternate identifiers.

GoldenSource has also included a set of pre-packed rule and workflows for entity data management, which have been validated and refined with the help of clients.

“Financial institutions now understand that maintaining identifiers like the LEI in multiple locations is costly and inefficient. With a single entity master that supports all identifiers and hierarchies, they can future proof their reference data backbone,” says Neill Vanlint, global managing director at GoldenSource. “They can also avoid a cycle of major surgery on customer, counterparty and issuer masters as entity-related data governance tightens.”

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