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