winning with igate patni reference data challenge it's ... · igate patni is actively...
TRANSCRIPT
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Your goal is simple, yet critical: reduce the risk associated with inaccurate forms of reference data, gain efficiency, and save money—lots of it—and do it quickly (typically under three months) with a generous ROI, guaranteed. Let iGATE Patni show you how to achieve it by designing a Cost Savings and Risk Mitigation Plan using our RADAR program. iGATE Patni has the technology, process, and tools to make you a winner.
The RADAR program will identify:• Where to eliminate unnecessary, duplicate reference data purchases• How to clean multiple data silos across the organization• Data no longer being used• Where to streamline data management—upstream as well as downstream
All of the above will enable you to negotiate better, more favorable vendor contracts.
If we do not provide a comprehensive road map of vendor data spend, utilizations, and recommendations for reference data management that delivers savings, our program will be free of charge.
Guaranteed Cost Savings and Risk Mitigation Plan
Guaranteed Benefits
Call our Banking and Financial industry experts on (001) 978-317-3641 in US or (044) 7827 927 810 in UK to schedule a no-obligation consultation.
For more information on our Reference Data Management services and our RADAR program, visit our web site at http://www.igatepatni.com/bfs/solutions/reference-data-management-solution/reference-and-data-rationalization-(radar).aspx
Next Steps
Banking and Financial Services
Reference Data Challenge − it's time for a Solution
If you are like others in your industry, managing reference data has not been your highest priority. That is about to change. Not only is it time to stop wasting money, but your risk has been steadily increasing as control over your reference data has diminished. With increased regulatory scrutiny (yes it's coming) and a tight economy, the stakes are too high to ignore the problem. Failed trades, poor governance, and inefficient operations are costly. But more important is the risk and reputation to your company. Neither are acceptable.
Our research shows that on average 25% of a financial institution's annual reference data spend is wasted on duplicate data purchases. An additional 25% to 35% of cost is due to inefficient data governance, and a lack of control over data cleansing, data management, and distribution. The potential savings are huge and iGATE Patni can get you there faster with a higher ROI than any other IT services company.
Increased risk, low efficiency, unnecessary cost?What's Your Risk Exposure?
Key findings of iGATE Patni survey of
107 financial institutions on reference
data management:
• Data Quality is the top business driver
in planning of reference data
strategies, closely followed by Risk
Reduction (Cost is now a distant fifth)
• Multiple data silos still exist in 75%
of firms
• Nearly two thirds of firms are
planning to extend / customize
systems in 2012-2013
• About 60% of firms see Data
cleansing / Data scrubbing as their
top outsourcing priority.
Conclusion: It's time to turn a data
headache into a strategic asset with
a proven reference data
management solution.
Winning with iGATE Patni
iGATE Patni's proprietary reference and data rationalization (RADAR) program will mitigate your risk and rationalize the cost of managing your reference data. We guarantee it. The program enables an institution to understand the volume, expense, source, and flow of reference data within the institution. The business value you can achieve from the program:• Rationalize reference data consumption• Know what data is being used, and where• Identify unused, unnecessary, or unwanted data• Reveal areas of data redundancy and how to eliminate it• Demonstrate clear reductions in data acquisition costs.
iGATE Patni Reference and Data Rationalization
Contact: [email protected] www.igatepatni.com
Copyright © 2011 iGATE Corporation. All rights reserved.
REGIONAL HEADQUARTERS
USAFremont Tel: +1 510 896 3000Fax: +1 510 896 3010Toll Free No. : 877 92 iGATE/ 877 924 4283 6528
CambridgeTel: +1 617 914 8000Fax: +1 617 914 8200
United KingdomHeathrowTel: +44 20 8283 2300Fax: +44 20 8759 9501
IndiaBengaluruTel: +91 80 4104 0000Fax: +91 80 4125 9090
MumbaiTel: +91 22 6693 0500Fax: +91 22 6693 0211
JapanTokyoTel: +81 3 3222 8031Fax: +81 3 3222 8030
ASIA-PACIFICEUROPE, MIDDLE-EAST, AFRICANORTH AMERICA
All
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The solution would interrogate inventory of the automated cleansing
system and gather known vendor data. This will be used to
cross-check against incoming vendor data elements to highlight unclean data.
Enterprise data architecture assessment
How does the iGATE Patni RADAR program help organizeyour data house?
RADAR program enables efficient Reference Data Management
RADAR is an industry leading solution to help you organize your data house. The solution allows you to focus on the incoming reference data feeds as well as downstream data distribution.
The RADAR process workflow identifies, catalogs, and evaluates all vendor and internal reference data feeds and creates a cross reference of each data element. It will indicate purchase frequency, data duplication, and data distribution patterns. This allows iGATE Patni to build a cost savings and risk mitigation plan tailored to the operational needs within a particular group, or across the organization.
Institutions that do not clean up their data house in advance of the anticipated US Office of Financial Research (OFR) requirements and European Systemic Risk Board (ESRB) norms will be at a significant disadvantage in terms of risk, compliance, and conformance expense.
iGATE Patni has the necessary tools and domain expertise to help you save money, lower risk and prepare your data house for the future.
An automated analytical system i.e. the Cross Reference Interrogator (CRI), processes the incoming reference data feeds and the inputs given by iGATE Patni reference data experts and automated cleansing system. On the downstream side, the Source Code Interrogator (SCI) analyzes source codes of consuming applications to identify where reference data elements are being used.
The results of CRI and SCI automated data gathering, programmatic and analyst matching and various business intelligence reports are used to create a Reference Data Journal (RDJ). This journal is an end-to-end road map of all your incoming vendor feeds and their distribution through your data management process, including downstream consuming applications. The benefit is a visualization of the desired rationalization and overall process optimization.
Application program interfaces for the CRI solution will gather and analyze data allowing you to do the following.
Comprehensive Reference Data Management SolutioniGATE Patni has developed a holistic, nine-step solution for end-to-end Reference Data Management, of which the RADAR program is one element. Our reference data management solution (RDMS) follows a multi-step approach to manage the entire reference data management environment from vendor data rationalization to enterprise reference data architecture design and integration, and from indexing to automated data cleansing and distribution.
Client Engagements iGATE Patni is actively assisting major financial institutions with their reference data challenges. Our global clients represent members
of the banking, investments, insurance, mortgage, and consumer finance sectors. Reference data experts from iGATE Patni are
collaborating with these clients to deliver a comprehensive strategy and solutions roadmap for their reference data environment.
The deliverables will entail:
• Designing an optimization and enhancement plan for your reference data environment
• Rationalizing all external vendor data usage data across the organization, creating a Reference Data Journal and prepare
recommendations on optimal reference data spend.
Reference and Data Rationalization (RADAR)
Index and normalize securities data
Manual data cleansing support
New securities setup
Reference data efficiency dashboards
Supporting Supporting
Automated data cleansing systems
Corporate action processing
Holistic RDMS Offering
Enterprise reference data distribution
RADARBenefits
iGATE Patni Reference and Data Rationalization (RADAR) Program
FOCUS ON DATA SOURCES (CONTRIBUTORS) FOCUS ON DATA DISTRIBUTION (CONSUMERS)
ReferenceData Expert
Inputs
Cross ReferenceInterrogator
(CRI)
AutomatedCleansing System
AUTOMATED ANALYTICAL SYSTEM
ConsumingApplications& Processes
IncomingVendor
Reference DataQui aut autest 010100,
Processing &DistributionInformation
Program Source Code(Java, C++, COBOL etc.)
Reference Data Journal (RDJ)
MULTI-SOURCE CODE ANALYZER
REFERENCE DATA REPORTING TOOLS
Map of all incomingvendor feeds
Map of all consumingapplications
Source CodeInterrogator
(SCI)
App. 1
App. 2
App. N
Ita na conse-queea 00101velendignimneoat eum11011010
Ita na conse-queea 00101velendignimneoat eum11011010
Identify the purchase of duplicate data
All incoming vendor reference data would be parsed into
designated databases and linked to assist programs, allowing analysts to identify the purchase of duplicate
data across the organization.
Identify data elements that are not
being cleansed
Identify distribution reference data
The CRI system will also interrogate outgoing reference
data files, gather information and identify distribution patterns to internal consumers downstream while identifying unnecessary
or unwanted data.
C o r e M a n a g e d R D M S O f f e r i n g
The solution would interrogate inventory of the automated cleansing
system and gather known vendor data. This will be used to
cross-check against incoming vendor data elements to highlight unclean data.
Enterprise data architecture assessment
How does the iGATE Patni RADAR program help organizeyour data house?
RADAR program enables efficient Reference Data Management
RADAR is an industry leading solution to help you organize your data house. The solution allows you to focus on the incoming reference data feeds as well as downstream data distribution.
The RADAR process workflow identifies, catalogs, and evaluates all vendor and internal reference data feeds and creates a cross reference of each data element. It will indicate purchase frequency, data duplication, and data distribution patterns. This allows iGATE Patni to build a cost savings and risk mitigation plan tailored to the operational needs within a particular group, or across the organization.
Institutions that do not clean up their data house in advance of the anticipated US Office of Financial Research (OFR) requirements and European Systemic Risk Board (ESRB) norms will be at a significant disadvantage in terms of risk, compliance, and conformance expense.
iGATE Patni has the necessary tools and domain expertise to help you save money, lower risk and prepare your data house for the future.
An automated analytical system i.e. the Cross Reference Interrogator (CRI), processes the incoming reference data feeds and the inputs given by iGATE Patni reference data experts and automated cleansing system. On the downstream side, the Source Code Interrogator (SCI) analyzes source codes of consuming applications to identify where reference data elements are being used.
The results of CRI and SCI automated data gathering, programmatic and analyst matching and various business intelligence reports are used to create a Reference Data Journal (RDJ). This journal is an end-to-end road map of all your incoming vendor feeds and their distribution through your data management process, including downstream consuming applications. The benefit is a visualization of the desired rationalization and overall process optimization.
Application program interfaces for the CRI solution will gather and analyze data allowing you to do the following.
Comprehensive Reference Data Management SolutioniGATE Patni has developed a holistic, nine-step solution for end-to-end Reference Data Management, of which the RADAR program is one element. Our reference data management solution (RDMS) follows a multi-step approach to manage the entire reference data management environment from vendor data rationalization to enterprise reference data architecture design and integration, and from indexing to automated data cleansing and distribution.
Client Engagements iGATE Patni is actively assisting major financial institutions with their reference data challenges. Our global clients represent members
of the banking, investments, insurance, mortgage, and consumer finance sectors. Reference data experts from iGATE Patni are
collaborating with these clients to deliver a comprehensive strategy and solutions roadmap for their reference data environment.
The deliverables will entail:
• Designing an optimization and enhancement plan for your reference data environment
• Rationalizing all external vendor data usage data across the organization, creating a Reference Data Journal and prepare
recommendations on optimal reference data spend.
Reference and Data Rationalization (RADAR)
Index and normalize securities data
Manual data cleansing support
New securities setup
Reference data efficiency dashboards
Supporting Supporting
Automated data cleansing systems
Corporate action processing
Holistic RDMS Offering
Enterprise reference data distribution
RADARBenefits
iGATE Patni Reference and Data Rationalization (RADAR) Program
FOCUS ON DATA SOURCES (CONTRIBUTORS) FOCUS ON DATA DISTRIBUTION (CONSUMERS)
ReferenceData Expert
Inputs
Cross ReferenceInterrogator
(CRI)
AutomatedCleansing System
AUTOMATED ANALYTICAL SYSTEM
ConsumingApplications& Processes
IncomingVendor
Reference DataQui aut autest 010100,
Processing &DistributionInformation
Program Source Code(Java, C++, COBOL etc.)
Reference Data Journal (RDJ)
MULTI-SOURCE CODE ANALYZER
REFERENCE DATA REPORTING TOOLS
Map of all incomingvendor feeds
Map of all consumingapplications
Source CodeInterrogator
(SCI)
App. 1
App. 2
App. N
Ita na conse-queea 00101velendignimneoat eum11011010
Ita na conse-queea 00101velendignimneoat eum11011010
Identify the purchase of duplicate data
All incoming vendor reference data would be parsed into
designated databases and linked to assist programs, allowing analysts to identify the purchase of duplicate
data across the organization.
Identify data elements that are not
being cleansed
Identify distribution reference data
The CRI system will also interrogate outgoing reference
data files, gather information and identify distribution patterns to internal consumers downstream while identifying unnecessary
or unwanted data.
C o r e M a n a g e d R D M S O f f e r i n g
C-1
50_2
7091
0
Your goal is simple, yet critical: reduce the risk associated with inaccurate forms of reference data, gain efficiency, and save money—lots of it—and do it quickly (typically under three months) with a generous ROI, guaranteed. Let iGATE Patni show you how to achieve it by designing a Cost Savings and Risk Mitigation Plan using our RADAR program. iGATE Patni has the technology, process, and tools to make you a winner.
The RADAR program will identify:• Where to eliminate unnecessary, duplicate reference data purchases• How to clean multiple data silos across the organization• Data no longer being used• Where to streamline data management—upstream as well as downstream
All of the above will enable you to negotiate better, more favorable vendor contracts.
If we do not provide a comprehensive road map of vendor data spend, utilizations, and recommendations for reference data management that delivers savings, our program will be free of charge.
Guaranteed Cost Savings and Risk Mitigation Plan
Guaranteed Benefits
Call our Banking and Financial industry experts on (001) 978-317-3641 in US or (044) 7827 927 810 in UK to schedule a no-obligation consultation.
For more information on our Reference Data Management services and our RADAR program, visit our web site at http://www.igatepatni.com/bfs/solutions/reference-data-management-solution/reference-and-data-rationalization-(radar).aspx
Next Steps
Banking and Financial Services
Reference Data Challenge − it's time for a Solution
If you are like others in your industry, managing reference data has not been your highest priority. That is about to change. Not only is it time to stop wasting money, but your risk has been steadily increasing as control over your reference data has diminished. With increased regulatory scrutiny (yes it's coming) and a tight economy, the stakes are too high to ignore the problem. Failed trades, poor governance, and inefficient operations are costly. But more important is the risk and reputation to your company. Neither are acceptable.
Our research shows that on average 25% of a financial institution's annual reference data spend is wasted on duplicate data purchases. An additional 25% to 35% of cost is due to inefficient data governance, and a lack of control over data cleansing, data management, and distribution. The potential savings are huge and iGATE Patni can get you there faster with a higher ROI than any other IT services company.
Increased risk, low efficiency, unnecessary cost?What's Your Risk Exposure?
Key findings of iGATE Patni survey of
107 financial institutions on reference
data management:
• Data Quality is the top business driver
in planning of reference data
strategies, closely followed by Risk
Reduction (Cost is now a distant fifth)
• Multiple data silos still exist in 75%
of firms
• Nearly two thirds of firms are
planning to extend / customize
systems in 2012-2013
• About 60% of firms see Data
cleansing / Data scrubbing as their
top outsourcing priority.
Conclusion: It's time to turn a data
headache into a strategic asset with
a proven reference data
management solution.
Winning with iGATE Patni
iGATE Patni's proprietary reference and data rationalization (RADAR) program will mitigate your risk and rationalize the cost of managing your reference data. We guarantee it. The program enables an institution to understand the volume, expense, source, and flow of reference data within the institution. The business value you can achieve from the program:• Rationalize reference data consumption• Know what data is being used, and where• Identify unused, unnecessary, or unwanted data• Reveal areas of data redundancy and how to eliminate it• Demonstrate clear reductions in data acquisition costs.
iGATE Patni Reference and Data Rationalization
Contact: [email protected] www.igatepatni.com
Copyright © 2011 iGATE Corporation. All rights reserved.
REGIONAL HEADQUARTERS
USAFremont Tel: +1 510 896 3000Fax: +1 510 896 3010Toll Free No. : 877 92 iGATE/ 877 924 4283 6528
CambridgeTel: +1 617 914 8000Fax: +1 617 914 8200
United KingdomHeathrowTel: +44 20 8283 2300Fax: +44 20 8759 9501
IndiaBengaluruTel: +91 80 4104 0000Fax: +91 80 4125 9090
MumbaiTel: +91 22 6693 0500Fax: +91 22 6693 0211
JapanTokyoTel: +81 3 3222 8031Fax: +81 3 3222 8030
ASIA-PACIFICEUROPE, MIDDLE-EAST, AFRICANORTH AMERICA
All
bran
d na
mes
and
trad
emar
ks b
elon
g to
thei
r res
pect
ive
owne
rs.