Markit Lands BBVA Asset Management for EDM

Daniel Simpson, Markit

BBVA Asset Management has selected Markit's enterprise data management (EDM) platform in an effort to cut costs by streamlining its operations, while minimizing operational risk, according to Daniel Simpson, managing director and head of enterprise software at Markit.

Markit EDM will serve as a central hub for the mutual and pension fund manager's securities, portfolio, fund, issuer and position data in several countries, including Spain and Mexico, according to the data provider.

The scalable platform provides the ability to manage multiple datasets centrally and allows multiple business users at BBVA with access to systematic, traceable and auditable data.

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