Luxoft, which helps implement digital solutions for businesses in sectors such as automotive, financial services, travel and hospitality, life sciences, media and telecommunications, has inked a global alliance deal with GoldenSource, which makes it a preferred implementation and business development partner for connecting banks, brokers, investment managers and capital markets service providers with Goldensource's platform.
The platform is used by GoldenSource's customers to manage risk, regulatory requirements and cost control in middle and back office environments. It sources, standardises and validates data on markets, customers, positions and transactions, and delivers that data to those who require it in functions such as trading, compliance, risk management, settlement and accounting.
Pierre Castagne, global head of Alliances, Luxoft Financial Services, said: "We are very pleased to have advanced our relationship with GoldenSource. With regulations such as SFTR and FRTB approaching, along with Libor Transition, it is vital for financial firms to have accurate, consistent, and transparent data. This alliance follows Luxoft and Golden Source's success at delivering data management transformation projects at several global organizations, where together, we've replaced aging in-house data infrastructure, and unlocked business agility and cost savings through improved data quality and data governance."
John H. Eley, CEO, GoldenSource, added: "With Luxoft's advanced integration capabilities and global reach, GoldenSource's proven data management solutions, and our shared of delivering financial services transformation programmes, this alliance is perfectly timed to help financial services firms adopt the data infrastructures and operating models essential to thrive in a demanding period of cost reduction and regulatory pressures."