Northern Trust Saves With Data Handling Changes
Strapline: Data Management
When Northern Trust was told in the fourth quarter of 2011 by the firm's leadership to reduce data costs without decreasing value for clients, or increasing risk in its pricing operations, it found the key was to identify the data clients did and did not need.
"We were buying data feeds we didn't need. Our reporting to vendors wasn't as accurate as it could have been," says Kay Vicino, senior vice president of operations and technology at Northern Trust. "When we went back and asked the business
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