February 2, 2023

Brad Marolf

Business & Finance Wonders

Tech Mahindra Launches FiDaaS Solution Powered by Alveo to Address Financial Services’ Details Management Challenges

The hugely scalable answer will assistance money institutions meet up with their hazard management, valuation, safety learn and operational requires

AMSTERDAM, Netherlands, December 08, 2021–(Enterprise WIRE)–Tech Mahindra, a top company of electronic transformation, consulting and small business reengineering expert services, has chosen Alveo, a leader in current market data integration and analytics answers for economical providers, as the technologies underpinning an built-in Financial Data as a Support Proposition to the Financial Solutions Marketplace.

The FiDaaS Answer supplies a cloud-based, Centralized Industry Data Platform which offers a thorough resolution for pricing and reference info administration and addresses conclude to stop Monetary Info Administration needs. The remedy handles Details Acquisition, Data Mastering, Information High quality Administration, Knowledge Discovery and Distribution.

The Tech Mahindra FiDaaS alternative will be offered in partnership with Alveo, as the fundamental know-how, and will involve:

  • Reference Information Administration Methods for security established-up and write-up-trade processing as nicely as ESG information administration

  • Marketplace Knowledge Administration Answers for Portfolio valuation (e.g. NAV and IPV), Sensitivity steps, and Index and ETF Information Administration

  • Threat Details Management Remedies for danger component information, back again-screening, circumstance assessment and tension tests

Monetary Products and services corporations require to manage increasing volumes, supplemental facts sources and want to supply their enterprise customers and programs with quality checked and validated facts for hazard, valuation, operations, trade enablement, finance, and state-of-the-art analytics. In this regard, FiDaaS will improve operational efficiencies by streamlining the administration and management and tracking of data to improve governance and verification for regulatory reporting.

The Tech Mahindra “Powered by Alveo” partnership brings jointly two worldwide professionals with the complementary capabilities needed to realize transformative results with a eyesight and a commitment to co-innovate.

Vivek Agarwal, President – BFSI, HLS and Company Advancement, Tech Mahindra, reported, “Worth and dependability of instrument details that financial institutions have access to, has considerably reaching effects on their track record and regulatory scrutiny. Inaccuracy and unavailability of this info improves danger and results in substantial economical losses. A complex information management platform is central to making certain knowledge high quality, details lineage, knowledge value monitoring, automation and self-providers for international enterprises. Our partnership with Alveo is a stage in this direction. Via this collaboration, we intention to aid money companies prospects to realize the aims of superior-good quality info at appropriate value although also acquiring the ideal analytical capabilities from the historic economic details repository. We are wanting forward to do the job with Alveo and driving the economic services consumers in the direction of Data -as-a-Company product.”

As aspect of the NXT.NOW TM framework, Tech Mahindra aims to improve human centric encounters for enterprises. This indicates focusing on investing in rising systems and alternatives that help electronic transformation to much better meet up with the evolving desires of its customers by means of our DigitALL framework.

Mark Hepsworth, CEO, Alveo, stated, “Our partnership with Tech Mahindra is a different stage forward in rolling out Info-as-a-Provider offerings to the economical services sector. The pace of onboarding, overall flexibility in use and reduced price of improve even though furnishing users a distinct established of controls, dashboards and configuration possibilities have produced Knowledge-as-a-Services the product of decision when it arrives to sourcing info administration capabilities. We are delighted to welcome Tech Mahindra to the ‘Powered by Alveo’ program and seem ahead to doing work closely alongside one another.”

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Perspective source variation on businesswire.com: https://www.businesswire.com/information/home/20211207006253/en/

Contacts

For more data on Tech Mahindra, be sure to call:
Abhilasha Gupta, Global Company Communications and General public Affairs
E-mail: [email protected], [email protected]