GoldenSource, the middle and back office services supplier, has been selected by Apex Group, the fifth largest fund administrator globally, to deliver a centralised pricing and reference data service.
The GoldenSource EDM Saas solution enables standardisation of data management across different business functions.
Apex has assets under administration of some $600bn (€526bn) and serves customers from offices in over 40 locations globally. It will use the GoldenSource service to support continued scaling of the business, and ensure uniform operational data management and data storage across its business globally, the firm said.
It will also be used to onboard other data types, such as reference and transaction data and facilitate reporting, Apex added.
Chris Mulhern, global head of Operational Strategy at Apex, said: "It's no simple task when integrating the data infrastructure of separate businesses. We're looking to standardise, streamline and reduce point-to-point integrations, duplication and the need for reconciliations. A centralised data infrastructure is the best way forward for us, so with GoldenSource we can continue along our current growth trajectory with even greater ease."
Jon Hallam, Ggobal head of OnDemand Services at GoldenSource, added: "During the selection process it quickly became clear that our track record, long term stability and experience were the right fit to underpin Apex's long-term plans. We will track and monitor all processing real-time, helping to operate and make changes at a higher frequency, making sure the needs of Apex's clients can always be met to the highest standards."