CapGemini and Teradata Join to Develop New Transaction Platform

Capgemini, a foremost provider of outsourcing services of the world, and Teradata, a leading company of the world, jointly developed a single transaction operations platform. The platform has been developed for regulatory reporting, and also facilitates cross-division monitoring of the trade status matters and issues. Teradata Corporation and the Financial Services Strategic Business Unit (FS SBU) of Capgemini have jointly developed this platform

to streamline equity transactions operation.This new platform also provides usual reporting structure for consolidation of client analytics and trade information.

This new platform will mainly serve equity-related operations of North America. Teradata and Capgemini have planned to spread out into a range of asset classes like money markets, foreign exchange, derivatives and fixed income. Jeff Deyerle, the vice president, Business Information, at Capgemini said, "With a wave of complexities brought on by globalization and heightened regulation, banks have increasingly grappled with fragmented data operations." He further said that due to this, banks became more and more exposed to reputation risk and high maintenance costs.

This new platform allows fast implementation, and streamlines significant data items required to satisfy compliance necessities at the asset level. Rick Morton, the vice president of Teradata Corporation said that the new integrated operations platform provides their clients a chance to quickly comply with the regulations like MiFID, RegNMS and OATS. He added, "In addition, we can infuse real-time intelligence into front-line operations, customer service and strategic planning, which supports both strategic decision-making and thousands of daily operational tasks."


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