SmartCo partners with Thomson Reuters and delivers new Datascope Select connector

17 July 2008

SmartCo Software, a global software provider of Enterprise Data Management solutions for the financial industry, today announced its partnership with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and the availability of its new Thomson Reuters Datascope connector.

Leading new generation Enterprise Data Management solution, Smart Financial Data Hub, provides a centralised EDM solution allowing acquisition, centralization, validation and distribution of all enterprise data including securities, third-parties, index, benchmarks, funds, mandates, positions and transactions. Its cutting-edge technology accelerates design and deployment of durable and upgradeable solutions. Thanks to an open, easy and highly flexible data model, SFDH allows customers to reduce their risks, optimize their processes, meet regulatory expectations and decrease the time to market for the delivery of new products.

The new connector emulates most of core business functionalities of Datascope Select and, from the SFDH interface, users can now easily create and manage data requests on any kind of asset classes. The data template structure is dynamically defined and triggers data information requests to Datascope Select in real time.

A breakfast briefing organized in Paris on June the 26th allowed SmartCo and Thomson Reuters to demonstrate to a large audience of financial institution representatives the benefit of this new connector.

“By leveraging their Thomson Reuters data feed, our client will be able to enhance their data acquisition process and improve manipulation and administration of large and complex data volumes” said Thierry Zemb, SmartCo Head of Product Management.

Thanks to these two complementary solutions, Thomson Reuters for the information data and SFDH for their centralized management, our clients will create a solid and reliable data container that could feed all internal information systems in a flexible, user friendly and integrated way”. This event was also the opportunity for SmartCo to demonstrate latest enhancements around integration of Thomson Reuters Commodity Data feed. Listed and OTC contracts with all their characteristics are now available in the application for a large number of underlyings including oil, electricity, carbon emission, gold, metals, fertilizer, rice wheat, etc.

“There is today a great need from financial organizations for modern and powerful tools allowing automating acquisition and extending the usage of data while keeping high level of control and validation process. Constant improvement of our platform lets our clients keeping pace with market evolutions and innovations and building a scalable and industrialized information system” said Mr. Zemb.

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