Netik, a data warehouse hub specialist, announced today the win of a major contract from Investec Asset Management for the implementation of Netik InterView in their Cape Town and London operations.
Netik Investment Hub, known as Netik InterView, is a specialist data warehouse product for data management and consolidated reporting in the securities industry. Several financial institutions recently having selected Netik InterView including UBS, Bank of Bermuda, Fortis, Bank of New York and Advent Software Inc.
Kim McFarland, Investec Asset Management COO said, “Investec Asset Management needed Data Warehousing technology deployed as a Data Hub to enable seamless transition to our new outsourced operations platform. Netik InterView has been specifically engineered as just such a Data Hub and because it provides a single point for Data Management and Reporting, it forms a clean and consistent boundary to the outsourced platform.”
John Wise, Netik CEO, said, “Investec Asset Management’s vision and approach is directly in line with our Netik InterView ‘3-2-1-Outsource’ program that defines the approach for successfully outsourcing investment operations to any of the outsourcing vendors. The ‘3-2-1-Outsource’ program provides a methodology for defining the systems to be integrated; the data and workflows relating to both systems and operations; and delivers a road map to implement the Data Warehouse Hub as the platform for Data Management and Reporting. The program specifically addresses the need for flexibility and a phased approach to implementation.”