A data management outsourcing service, tailored to clients’ individual requirements, that helps lower costs, improve data quality and facilitate positive revenue generation.
Financial institutions, in the drive to reduce costs and meet pressure on margins, are turning to specialist providers for assistance with functions such as data management and regulatory reporting. The SmartStream RDU has responded to this rapidly growing industry need with its Data Management Outsourcing service.
The SmartStream RDU, which has an established history of delivering data as a managed service, uses its in-depth trade lifecycle expertise and highly skilled resources to supply data operations and regulatory operations that are bespoke to a financial institution. The RDU’s Data Management Outsourcing Service is tailored to clients’ individual requirements, and allows data, policies and procedures to be managed using firms’ own proprietary rules.
A partnership with a financial institution, the client remains in control, choosing how niche or complete the RDU’s involvement is.
Clients can, optionally, mix and match data outsourcing services with off-the-shelf (external) reference data products, creating a hybrid model. This enables them to cut costs further while still allowing the delivery of data quality improvements.