Pricing and reference data in the cloud: Fuelling opportunity today

This approach has the potential to reduce operational risk while democratising data access and empowers businesses to develop analytics, automate processes and drive innovation.

Moving pricing and reference data to the cloud offers financial services firms major advantages, particularly by centralizing data into a “golden source” security master. This cloud-based approach enables real-time updates and easier access, helping firms reduce operational risk and improve data usability. It eliminates the need for manual updates and complex technology infrastructure, providing seamless integration across various departments.

For firms already advanced in their cloud strategies, creating a cloud-based security master enhances analytics, automation, and innovation. Data can be merged with other datasets for more efficient decision-making. Additionally, a cloud security master simplifies data governance and supports automation and AI. Ultimately, this approach empowers firms to leverage data more effectively, improve processes, and drive growth across all business functions.