VPD Managed Services – Data Management On-Demand
The VPD Data Management tools in VPD Risk & Performance aid the process of consolidating, reconciling, publishing and distributing your data, as well as retaining all historic static and time series data as a Golden Copy. Combined with VPD Managed Services, we are able to offer ”VPD Data Management On-Demand”.
With new regulations putting pressure on data management processes in a daily or cyclical monthly or quarterly manner, VPD are able to offer different data management services such as classifications, data enrichment, data mastering, validations and reconciliation to their clients who are sizing up to regulations such as Solvency II.
An architectural benefit of implementing VPD Data Management On-Demand is that current in-house data models holding everyday business data such as positions or instruments could be left unchanged. Instead, any required changes would be implemented as service integrations within VPD Data Management On-Demand, significantly lowering overall time-to-market for regulatory implementations and avoiding large project implementations aiming to adapt to new requirements in the current in-house data models.
Clients who have subscribed to VPD Data Management On-Demand have used the service to improve the quality of the Solvency II look-through data with classifications, such as CIC-category (Instrument type according to EIOPA) based on classification business rules set up in VPD Risk & Performance. Improved quality of the look-through data has resulted in lower capital requirements for the insurance company in accordance with Solvency II.
With VPD Data Management On-Demand, our clients are able to expand data management as and when necessary, avoiding surplus capacity between reporting periods. As with all VPD Managed Services, hosting, error-handling and automation is all handled by Business Consultants in our secure data centres, with full back-up and 24/7 surveillance.