December 01, 2011

With the financial industry still struggling with financial turmoil, global asset managers are looking to increase data stability.

In a bid to address this issue, MoneyMate, a provider of investment data management solutions, announced the release of several enhancements for the buy-side to its flagship platform, DataManager, delivered via a cloud platform.

New features include "fund: Query", a web application enabling direct access to data store for real-time online queries; and "fund: Editor," which allows users to visually manage and edit the static data elements within a secure controlled environment. Firms such as J.P. Morgan Asset Management, Schroders and M&G Investments use MoneyMate to centralize and validate investment product data, giving them real-time access to data which can be used for websites, fact sheets, client reports and sales and marketing collateral, the vendor notes.

"As asset managers seek to differentiate themselves from the competition, the importance of producing valuable, trustworthy and transparent product information for customers is becoming ever more apparent," comments Paul Fawsitt, CEO at MoneyMate. "Faced with increasing demands for firms to oversee and control the quality, asset managers are in need of better accuracy and timeliness of their client-facing product data," he added.

ABOUT THE AUTHOR
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in ...