China AMC goes Live with NeoXam’s Data Management Solution
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China AMC goes Live with NeoXam’s Data Management Solution 22 November 2024China Reporter: Klea Neza
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China Asset Management (China AMC) has launched NeoXam’s DataHub as its new Master Data Management (MDM) platform.
China AMC partnered with NeoXam with an effort to centralise its instruments and business entity data across all asset classes.
The companies say NeoXam’s DataHub helps break down information exchange barriers among various systems at China AMC, enabling underlying data to be repeatedly shared and highly reusable across multiple systems.
It provides underlying support and a system framework for building a data application value chain and sustainably offers a reliable and efficient data solution for various downstream business systems, including risk management systems and the operation department's transaction valuation management system.
Tim Versteeg, managing director of APAC at NeoXam, comments: “The relationship between NeoXam and China AMC dates back to 2010, beginning with the deployment of the Valuation Accounting solution NeoXam GP. In 2020, China AMC subsequently selected NeoXam DataHub as its Master Data and Transaction Management platform for mutual funds and QDII portfolios.
“NeoXam DataHub is now expanding further to establish a centralised and consistent MDM platform within China AMC, supporting company-level data sharing. Our long-term partnership is further strengthened and NeoXam DataHub will help China AMC reduce costs and increase efficiency in data management, building a long-lasting partnership for continued growth and success.”
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