GoldenSource
Encyclopedia
GoldenSource Corporation, formerly known as "Financial Technologies International," is a global software company in the Enterprise Data Management
Enterprise Data Management
Enterprise Data Management or EDM is:#A concept – referring to the ability of an organization to precisely define, easily integrate and effectively retrieve data for both internal applications and external communication....

 (EDM) industry, founded in 1984 and headquartered in New York, NY, United States, with offices in London, England, Mumbai, India, and Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

.

Products and services

GoldenSource provides Enterprise Data Management
Enterprise Data Management
Enterprise Data Management or EDM is:#A concept – referring to the ability of an organization to precisely define, easily integrate and effectively retrieve data for both internal applications and external communication....

 software and services to financial institution
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...

s globally. EDM allows its clients to collect, standardize, consolidate, and manage information
Information management
Information management is the collection and management of information from one or more sources and the distribution of that information to one or more audiences. This sometimes involves those who have a stake in, or a right to that information...

 about their securities, products, customers, transactions, and other operations, to better manage the distribution of critical data
Data
The term data refers to qualitative or quantitative attributes of a variable or set of variables. Data are typically the results of measurements and can be the basis of graphs, images, or observations of a set of variables. Data are often viewed as the lowest level of abstraction from which...

 to business applications. The company also offers tools for data modeling
Data modeling
Data modeling in software engineering is the process of creating a data model for an information system by applying formal data modeling techniques.- Overview :...

, securities data management
Data management
Data management comprises all the disciplines related to managing data as a valuable resource.- Overview :The official definition provided by DAMA International, the professional organization for those in the data management profession, is: "Data Resource Management is the development and execution...

, accounting, and position management.

Goldensource develops solutions that create a single source and integrated platform of trusted data, to improve information quality and efficiency throughout an enterprise. It creates, validates, and publishes a trusted Golden Copy in real time
Real-time computing
In computer science, real-time computing , or reactive computing, is the study of hardware and software systems that are subject to a "real-time constraint"— e.g. operational deadlines from event to system response. Real-time programs must guarantee response within strict time constraints...

 and in multiple formats. Its data management solutions make it easier to access standard content from data vendors. It also has an ability to link product and entity information with real time transactions and positions, leveraging operational control into financial control.

GoldenSource has provided EDM solutions to domestic and international asset managers, bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s, investment banks, broker
Broker
A broker is a party that arranges transactions between a buyer and a seller, and gets a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal...

/dealer
Dealer
Dealer may refer to:* Antique dealer, someone who sells Antiques* Art dealer, gallerist, somebody or company that buys and sells art...

s, mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...

 companies, insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 companies, and global custodians
Custodian bank
A Custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not likely to engage in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal...

 and depositories, software companies, and internet-based financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 providers.

Clients and partners

Many of GoldenSource's clients are large financial services companies. They partner with a number of technology and services providers.

EDM Council establishment

The EDM Council is a not-for-profit business forum for financial institutions. It was created to enable senior officers responsible for data management to share information on the business strategies and practical implementation realities associated with effectively managing data assets on an enterprise-wide basis. GoldenSource is one of the founding members and sponsors of EDM Council, along with partners IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...

, SunGard
SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil...

, Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...

, and others.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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