A glimpse into the financial services outlook towards the value of outsourcing reference data

Is outsourcing for reference data management an idea whose time has come? This is a question we were keen to ask our faithful Reference Data Review readers and other data managers when we embarked on our data management outsourcing survey. We turned to the industry for the latest sentiment on value add of data outsourcing and conducted one-on-one interviews with sell-side, buy-side and custodian firms in the U.K., Mainland Europe and the U.S. to understand their current reference data strategies.

Are these data managers willing to consider it for their data management processes? If so, what’s motivating them now? Are there consistent themes across the industry? What data types and functions would they consider outsourcing, and why would they not consider other data types or functions? What do they think are the benefits of outsourcing, and what are the barriers that could be holding them back from accepting managed reference data services? How does the view differ among sell-side, buy-side and custodian firms?

The survey was commissioned by enterprise data management provider SunGard Data Management Solutions, and designed and conducted by A-Team, a leading research and analysis company focusing on the use of information technology in financial markets…

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