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Kingland to Use IBM Software in Wall Street Data Projects

In one scenario, Kingland and IBM software and unique identifiers could give a firm's risk operation access to a comprehensive view of all enterprise holdings, clients, subsidiaries, and complex business relationships from across multiple lines of business.

Anticipating high demand for enterprise data management in financial services driven by risk sensitivity, mergers and acquisitions, and evolving compliance regulations, Kingland Systems, a provider of financial services software and data solutions, today announced it will embed IBM's InfoSphere Master Data Management Server and other IBM software into its 360 Data line of enterprise data management solutions for the financial services industry through an original equipment manufacturer agreement with IBM.

IBM recently introduced Master Information Hub, an optional component of InfoSphere Master Data Management Server 9.0. Master Information Hub was created for businesses seeking to build a master data management system that includes custom-built data domains in addition to IBM's pre-built domains for customer, product and account.

These customers can use Master Information Hub to develop a custom MDM environment to establish a trusted view of any type of master information. For example, using Kingland's "securities and corporate hierarchy" domains together with IBM's MDM Server, a bank's risk operation would gain access to a comprehensive view of all enterprise holdings, clients, subsidiaries, and complex business relationships from across multiple lines of business.

Kingland's 360 Data includes two types of outsourced reference data solutions, 360 Data Master File and 360 Data Reference Desk. 360 Data Master File is a managed data solution that provides clients with a database of business entities, securities, complex relationships, events and other types of financial services data. This master file is managed with client-specific business rules and includes a concordance to multiple industry and client-specific identifiers, and can be provided via file or web services. The 360 Data Reference Desk solution provides "on demand" data cleansing, augmentation, and validation for critical business processes such as client on-boarding, risk analysis, and compliance functions.

Both solutions are supported by Kingland's proprietary suite of data management software, IBM's new Master Information Hub, and Kingland's database of more than 4 million global securities and 5.25 million unique industry identifiers with linkages to more than 900,000 business entity records and corporate hierarchies.

Kingland will also be launching a new financial services focused MDM platform in 360 Data Enterprise Hub. Developed using IBM's InfoSphere Master Data Management Server, 360 Data Enterprise Hub will provide financial institutions with industry specific data domains, feed handlers, business process and data management workflows, user interfaces, data maintenance and quality processes that are all intended to support the wide variety of data critical to large capital markets firms.

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