Tokyo 2011: Asian Markets Seek to Balance Data Centralization Issues
Financial institutions in Asia are struggling to balance the need to maintain operations specific to each local market with the need to centralize data to ensure accurate and consistent reference data, according to panelists at the Tokyo Financial Information Summit.
Many firms in the region are caught between strategies of localization and centralization, said Raymond Yeung, manager of the project management office, business systems and web products, in the information technology division at
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