SmartCo, the French software house specialising in data management applications for the financial sector, and Telekurs Financial, a specialist service provider in the capture, processing and distribution of international financial information, have announced the integration of Telekurs Financial's Valordata Feed data flow into SmartCo’s Smart Financial Data Hub system.
The Valordata Feed (VDF) service from Telekurs Financial provides access to one of the world’s most comprehensive databases for securities administration, risk management and portfolio management. Its integration into Smart Financial Data Hub (SFDH) allows financial institutions to access a vast range of functions allowing financial data to be processed automatically.
Smart Financial Data Hub is a complete Data Management solution that enables centralised data management, data quality control, access authorisation, real-time data analysis and the management of multi-contributor functionality. The system’s broad coverage (reference data, market data, operations data) and scalability provide immediate operational gains and easy adaptability to any future requirements.
To ensure competitiveness and efficiency, financial institutions need to have accurate, consistent and complete securities data. This enables them to react rapidly to market announcements which could affect securities holdings. To this end, Telekurs Financial and SmartCo have decided to work together to facilitate the integration of market data from Telekurs Financial and to centralise the management process for financial institutions.
“The flexibility of SmartCo’s Data Management system, coupled with the wealth of data in Telekurs’ VDF, present significant advantages in the management of securities data” says David Lecompte, Commercial Manager of Telekurs France. “Our clients are required to show increasing responsiveness in an ever more demanding regulatory environment”.
“Telekurs Financial's offering, combined with SmartCo’s powerful and scalable Data Management solution, will enable financial institutions to manage their securities data with complete efficiency, including corporate actions – always a particular challenge” said Pascal Mougin, Chairman of SmartCo. “This partnership will help financial institutions to improve the reliability and efficiency of their information systems”.
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