GoldenSource announced a record number of new customer and current customer expansions completed for the year, with 10 successfully launched in the fourth quarter alone. GoldenSource client go-lives spanned new geographies and penetrated into adjacent industries across producers and consumers of securities data.
Living in a post securities master world, financial institutions can no longer sustain the status quo, says Mike Meriton, CEO of GoldenSource. Executives are struggling to agree on a consistent language and to unlock the full value of their data. A clear 360 view of data across the enterprise continues to be a challenge; however, the number of major expansions and new projects completed by our customers shows that the industry recognizes the need to fix the problems created by siloed data.
Meriton said HSBC, M&G Investments and the Australian Securities Exchange are among the firms taking proactive steps to improve operational efficiency, better manage risk, and prepare for regulatory demands.
In 2011, GoldenSource expanded into new markets including China, Australia, Singapore and Italy. Investment managers, universal banks, securities services firms, exchanges and public government institutions were significant growth areas for the company.
(JDC)