Tech Mahindra, a Mumbai-based provider of digital services, has selected Alveo’s financial identity as a service (FiDaaS) solution to offer its customers enhanced data services.
The FiDaaS Solution provides a cloud-based, centralised market data platform which offers a
solution for pricing and reference data management and covers end to end financial data management requirements.
The solution covers data acquisition, data mastering, data quality management, data discovery and distribution.
The technology will include reference data management solutions for security set-up and post-trade processing, as well as environmental, social and corporate governance data management.
In addition, the solution also offers risk data management solutions for risk factor data, back-testing, scenario analysis and stress testing.
FiDaaS will improve operational efficiencies by streamlining the management, control and tracking of data to enhance governance and verification for regulatory reporting, Alveo says.
Mark Hepsworth, CEO, Alveo, says: “The speed of onboarding, flexibility in consumption and lower cost of change whilst providing users a clear set of controls, dashboards and configuration options have made data-as-a-service the model of choice when it comes to sourcing data management capabilities. We are delighted to welcome Tech Mahindra to the ‘Powered by Alveo’ programme and look forward to working closely together.”
