Spanish Asset Manager Chooses Markit for Enterprise Data Management

BBVA Asset Management has chosen Markit’s Enterprise Data Management (EDM) platform to provide central hub for BBVA’s securities, portfolio, fund, issuer and position data in several countries, including Spain and Mexico.
By Janet Du Chenne(59204)
BBVA Asset Management has chosen Markit’s Enterprise Data Management (EDM) platform to provide central hub for BBVA’s securities, portfolio, fund, issuer and position data in several countries, including Spain and Mexico.

Markit’s EDM platform will enable BBVA to manage multiple datasets centrally and efficiently, and will help the asset manager to satisfy growing data demands from customers and regulators.

Daniel Simpson, managing director and head of enterprise software at Markit, said: “Financial services firms are turning to enterprise-wide data management initiatives in a bid to cut costs, streamline operations and minimize operational risk. What resonates is our ability to provide a holistic view of clean, high quality data from a central hub. BBVA’s global implementation of Markit EDM will allow the firm to centralize its data across continents to use it as a strategic advantage.”

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