Banking and asset management players are increasingly considering electronic data management to be a strategic activity requiring operational efficiency

Data management systems are an essential component of the business infrastructure of every banking and wealth management firm. Effective master and reference data management is crucial for operational efficiency in the entire value chain of companies and their service providers.

Executive summary

Although reference data is descriptive in nature (e.g. instrument/product, client, counterparty, book, corporate actions, calendars, etc.), it is shared and re-used across trades and transactions. It is often referred to as ‘static data’, but increasingly includes real-time data (e.g. external price and market data)6. In the financial sector, market data represents the largest share of data management-related costs, such as the purchase of market data from third party data providers and the corresponding cost of human resources required to manage and control the data flow and databases.

Almost all functional activities, from portfolio management in the front office to settlement and reporting in the back office, use data management systems as their main source of information to perform
their daily activities. This is also true for other business-related activities such as CRM, risk management, compliance, investment restrictions control, internal and regulatory reporting, sales, investment restrictions, etc.

Inside magazine issue 1, June 2013

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).

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