GoldenSource’s first customer in the Nordic region to deploy a group-wide reference data management platform
NEW YORK – June 20, 2006 – GoldenSource Corporation, a global software provider of EDM solutions for financial and securities institutions worldwide, today announced that it has signed a licence agreement with Nordea Bank, the leading financial services group in the Nordic and Baltic region, to deploy a group-wide instrument reference data management system to support the bank’s trading, operational and regulatory activities.
Nordea Bank will use GoldenSource’s EDM platform for the capture of pricing, reference and corporate actions data from multiple market sources and to publish ‘golden copy’ data in real-time, across the Bank’s trading, operational and regulatory reporting systems.
“GoldenSource understands our business requirements and can provide the high-quality reference data management platform we require to enable us to deliver accurate, timely reference data across our organisation,” said Peter Lunding, Business CIO, Nordea Markets.
“GoldenSource is delighted to form our first collaboration in the Nordic region with Nordea Bank, the region’s principal banking group, and we look forward to adding value to their business through the implementation of our comprehensive EDM solution,” said Michael Meriton, President and CEO, GoldenSource. “It is a challenging time for financial institutions as reference data management and regulation increasing become top priorities. EDM is fast becoming an industry requirement and companies, such as Nordea Bank, are gaining significant competitive advantage by using our EDM platform.”