Münchenerhyp goes live with NeoXam DataHub as its data centralization & administration platform
NeoXam, a leading provider of data management and transaction software solutions dedicated to the financial industry, announced today that Münchener Hypothekenbank eG (MünchenerHyp), one of the leading German experts for long-term property financing based in Munich, has gone live with NeoXam DataHub to house all its data and administration in one platform.
Recent times have seen increasingly stringent regulatory constraints come into play which are transforming how firms interact with and manage data. For regulations like FRTB, firms need to manage at least 10 years of historical prices and associated metadata in order to comply. Consequently, financial firms now need to strategically plan for and consistently manage information flows with a reliable data quality monitoring system based on a single, centralised source of data.
As a result, MünchenerHyp has chosen this customisable solution for its scalability and flexibility in the face of current and future regulatory requirements. The solution, that was implemented with the expertise of German consulting firms Finbridge and FORRS, now enables the company to automatically process all the financial market information it uses and significantly reduce the level of operational risk by providing a clear audit trail and considerably improved data quality.
Read the full press release here.
- Vues126