Kingland Systems Integrates IBM Software to Enhance Data Management Solutions for Financial Institutions
November 11, 2009 10:26 AM Eastern Time NEW YORK--(EON: Enhanced Online News)--Kingland Systems, a premier provider of financial services software and data solu announced it will embed IBM’s InfoSphere Master Data Management Server and other IBM software into its 360 Data™ line of e management solutions for the financial services industry through an original equipment manufacturer (OEM) agreement with IBM.Th marks an expansion of Kingland’s relationship with IBM, focusing on worldwide Master Data Management (MDM) software and optimized for large financial services institutions. David Kingland, President and CEO of Kingland Systems, says that, “in this era of risk sensitivity, mergers and acquisitions, and ev regulations, the need for highly accurate data and enterprise-class MDM software has never been greater.Our years of experience h financial services enterprise data problems require customizing the solution to the precise needs of the client, so we chose to team w new MDM software products are built for customization and will enable us solve our customers’ problems much faster and more pr
“Through the technologies and industry-specific expertise we are bringing together, Kingland and IBM can deliver master data man that are tailored to the unique needs of financial institutions,” said Rob Thomas, vice president, Information Management, IBM.“By i technologies into its own offerings, Kingland can more quickly deliver flexible and scalable financial services master data and softwa
To address customers’ needs for customized MDM solutions, IBM recently introduced Master Information Hub, an optional comp InfoSphere Master Data Management Server 9.0.Master Information Hub was created for businesses seeking to build a master dat system that includes custom-built data domains in addition to IBM’s pre-built domains for customer, product and account. These cu Master Information Hub to develop a custom MDM environment to establish a trusted view of any type of master information. For Kingland's “securities and corporate hierarchy” domains together with IBM’s MDM Server, a bank's risk operation would gain acc comprehensive view of all enterprise holdings, clients, subsidiaries, and complex business relationships from across multiple lines of Kingland’s 360 DataTM includes two types of outsourced reference data solutions, 360 Data Master File and 360 Data Reference Master File is a managed data solution that provides clients with a highly accurate database of business entities, securities, complex events and other types of financial services data.This master file is managed with client-specific business rules and includes a concor industry and client-specific identifiers, and can be provided via file or web services.The 360 Data Reference Desk solution provides data cleansing, augmentation, and validation for critical business processes such as client on-boarding, risk analysis, and compliance
Both solutions are supported by Kingland’s proprietary suite of data management software, IBM’s new Master Information Hub, a extensive database of more than 4 million global securities and 5.25 million unique industry identifiers with linkages to more than 900 entity records and corporate hierarchies. Kingland will also be launching a new financial services optimized MDM platform in 360 Data Enterprise Hub.Developed using IB Master Data Management Server, 360 Data Enterprise Hub will provide financial institutions with industry specific data domains, fe business process and data management workflows, user interfaces, data maintenance and quality processes that are all optimized to variety of data critical to large banking, capital markets, and other financial services firms.
Tony Brownlee, head of financial services MDM at Kingland says, “the combination of IBM’s investment in MDM and Kingland’s data expertise will be powerful for our customers.Our focus with 360 DataTM is enterprise scalability, customizable data models, fle and as always, highly accurate data.”The 360 Data suite of solutions helps companies drive cross-organizational revenue growth, m risk and compliance, and reduce overall IT costs in their enterprise data management projects. About Kingland Systems
Kingland Systems is a full service technology services firm and a leading provider of outsourced reference data management, data cl master data management solutions; serving large banks, insurance companies, broker dealers, and accounting firms since 1992.King
of the largest data cleansing operations in the industry, located on-shore in the US and provides highly accurate, enterprise data man data management software, and professional services.Kingland’s data solutions support more than 500,000 professional users in ov For more information about Kingland Systems and its businesses, please visit: www.kingland.com
Contacts
Kingland Systems Tony Brownlee, 641-355-1088 360Data@kingland.com or Kingland Corporate Marketing 641-355-1000 Solutions@kingland.com Permalink: http://eon.businesswire.com/news/eon/20091111005727/en/ibm/data/mdm