Swedbank has deployed Bloombergs PolarLake platform for enterprise data management (EDM).
Bloomberg PolarLake’s EDM service acquires, manages and distributes large volumes of financial data so it can be distributed to mission critical risk, trading and regulatory reporting systems.
“Bloomberg PolarLake decided to bring its EDM model to market because demand is escalating for a comprehensive service that reduces operational costs and standardizes data processing for global financial firms, says John Randles, CEO of Bloomberg PolarLake.
Torbjorn Ericsson, CEO of Swedbanks Large Corporates and Institutions Division, adds: We selected Bloomberg PolarLake’s EDM managed service because it enables us to avoid redundant data costs and channel resources toward client needs, as well as managing operational risk and regulatory requirements.”
Bloomberg PolarLake aggregates data for 22 asset classes from multiple data sources, including proprietary client systems, Bloomberg and third-party data vendors.
(CG)