Welcome!

@DXWorldExpo Authors: Elizabeth White, Zakia Bouachraoui, Liz McMillan, Pat Romanski, Carmen Gonzalez

News Feed Item

Bloomberg PolarLake Unveils its Managed Service for EDM

Today, Bloomberg PolarLake announced that its managed service model for enterprise data management (EDM) is available and currently deployed for Swedbank, Sweden's largest bank by number of customers.

"Our managed service model for EDM is now live for Swedbank and ready for prime-time," said John Randles, Bloomberg PolarLake's Chief Executive Officer. "Bloomberg PolarLake decided to bring its EDM model to market because demand is escalating for a comprehensive service that reduces operational costs and standardizes data processing for global financial firms."

Bloomberg PolarLake's EDM service acquires, manages and distributes large volumes of financial data so it can be distributed to mission critical risk, trading, and regulatory reporting systems. Bloomberg PolarLake defined a unique managed service model for EDM, which helps global firms manage enterprise data processing and administration without incurring the cost of hardware maintenance and software upgrades.

Torbjorn Ericson, Chief Operating Officer of Swedbank’s Large Corporates and Institutions Division, said, “Swedbank prides itself on its customer focus, providing quality services and managing risk exposure across an efficiently run organization. We selected Bloomberg PolarLake's EDM managed service because it enables us to avoid redundant data costs and channel resources toward client needs, as well as managing operational risk and regulatory requirements."

At Bloomberg PolarLake's EDM Centre of Excellence in Dublin, data for 22 asset classes is aggregated from multiple data sources, including proprietary client systems, Bloomberg and third-party data vendors. Swedbank's defined business rules and local data formats are applied to its master data feed (Security Master) at the Centre of Excellence before the data is distributed to Swedbank's internal systems.

SIX Financial Information is among the first data providers to participate in Bloomberg PolarLake's managed EDM. "We are delighted to be one of the first service providers to participate in Bloomberg PolarLake’s innovative managed EDM model for global financial firms,” said Fritz Hediger, Head of Global Sales for SIX. “The Bloomberg PolarLake solution delivers significant advantages in terms of on-boarding new data and managing that data in an intelligent way. This enhances the structure and linkage of our data services for security master, regulatory compliance, corporate actions and more. By alleviating the overhead and complexity of data management, the managed service model allows customers to focus on adding value to their own services.”

Bloomberg PolarLake operates as an independent subsidiary and it maintains separate facilities and operations staff at its Centre of Excellence facility so it can provide the highest levels of security, privacy and permissioning for the data it receives.

For more information about Bloomberg PolarLake's managed service for EDM, please visit: www.polarlake.com

About Bloomberg PolarLake

Bloomberg PolarLake, the global EDM managed service provider, delivers a robust, customizable, open and inclusive managed data service, which centrally acquires, manages and distributes complex and wide-ranging financial data sets with speed, agility and control. Worldwide, financial firms benefit from the Bloomberg PolarLake managed service through reduced costs and increased data quality achieved by eliminating the need to build home-grown solutions and avoiding the non-stop maintenance and upgrade cycle of in-house implementations.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength - delivering data, news and analytics through innovative technology, quickly and accurately - is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

DXWorldEXPO Digital Transformation Stories
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...