GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the securities and investment management industry, announced today that Cattolica Assicurazioni has selected its Market Data Solution to efficiently deliver robust pricing and accelerate reporting capabilities for Solvency II.
GoldenSource will provide Cattolica with a complete solution for constructing and disseminating fully audited data sets which validates and cleanses multiple sources, ensuring accuracy and timeliness in product control and reporting. After a rigorous evaluation process, GoldenSource was selected due to the completeness of the solution, ease of use and its rapid implementation capabilities. Cattolica’s implementation of GoldenSource will yield important business benefits including reduced operational risk and data management costs through the automation of a fully transparent architecture for instrument pricing. The solution will enable Cattolica to maximize value through sourcing and transforming raw data with the application of validation rules and business logic. Cattolica expects improved pricing controls to enhance its business operations and fully satisfy investor and regulatory obligations. Max Broggi, GoldenSource Vice President Head of Sales EMEA added: “We are delighted to be growing our Italian client base and to be partnering with Cattolica in order to help them achieve their specific business objectives through establishing best practices for market data management.”