Investment management firm M&G Investments is implementing DataManager from data management solutions vendor MoneyMate to ensure efficient and controlled delivery of M&G's fund product data to internal departments, external agencies and external clients.
DataManager will host M&G's more than 50 retail funds, acting as the firm's central hub for fund data. The data solution will centralize the governance of dynamic and static fund data, facilitating its use via variable formats in a timely manner and providing validation checks.
M&G will maintain control through its own specialist department working closely with MoneyMate. M&G officials say DataManager will help with the firm’s initiative to adapt to new trends in client data requirements, regulatory scrutiny and risk management.
With regulatory demands for greater transparency of data, it was important to implement a system that would enable M&G to demonstrate streamlined processes and complete audit trails for all of its data management processes, according to officials.
Laurence Mumford, COO of M&G Retail, says clients demand timely and accurate data from the firm at all times and by centralizing the management of product data through the use of MoneyMate's DataManager solution, M&G will be in a strong position to continue to deliver data to the same standard as its business grows and client demands increase.
DataManager is currently being implemented at M&G, with phases going live over the coming quarter.
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