Reference
Data Practice
Data Solutions That Work
LUXOFT’S EXPERTISE
IN REFERENCE DATA
Luxoft provides end-to-end data management solutions that give you the quality and reliability your business requires. Whether you are a global investment bank, a government
agency, an asset manager or a research firm, our experts are
at your service. We have over 400 IT engineers and analysts who have built solutions for some of the world’s leading
financial institutions. We can support you at every stage of
your reference data initiative.
The systems we`ve already engineered manage Legal Entity, Client, Instrument, Pricing, Account, Product and Books in
profoundly demanding financial industry environments
across the globe. Our Client Onboarding and Know Your Customer applications have thousands of users, regulations and rules from dozens of jurisdictions world-wide, millions of documents, and are used to onboard or modify the records of several thousand clients per month.
400 Experts Currently Develop
and Support Reference Data Platforms
Our Client Onboarding and Know Your Customer Applications
3000 Users
2500 Regulations and Rules
1 Million+ Document: are used to onboard or modify over 3000 clients per month
Legal Entity Client Instrument Pricing Account Product Books
The financial crisis has put pressure on banks and other financial institutions to tighten controls and better manage information assets. Regulatory changes have made it imperative for operations and technology executives to ensure that the highest quality of reference data possible is used to fuel their organisations’ decision-making and reporting functions.
As the amount of data available to organizations grows exponentially, processing speed, timely delivery and the reliability of reference data solutions remain critical success factors.
In addition, while operation and technology leaders are under constant pressure from management and front office to provide the highest quality service, CIO’s expect further cost optimization. Engineering solutions that consist of the right mix of market data, technology platforms, operational capabilities and ITO/BPO vendors is a key challenge. Building the mastering platforms alone is not enough – ensuring that data
IT SYSTEMS IMPLEMENTATION
Luxoft’s “End-to-End Implementation” of Custom Strategic Reference Data Systems includes:
Complex Data Analysis, Data Flow & Clustering, Architecture & Design, and System Engineering.
Turnkey solutions developed exclusively by Luxoft or platforms developed in partnership with in-house
development teams.
Recent deliveries included data sets such as: legal entity, instrument, book and client masters, as well as
a reference data distribution systems.
IT SYSTEMS MAINTENANCE AND OPERATIONS
Maintenance and engineering support for existing in-house reference data systems.
Luxoft provides a full range of experienced reference data technical staff at all levels of seniority.
Luxoft currently maintains and provides engineering support for approximately 30 Reference Data
applications across our client base.
DATA OPERATIONS
Demonstrating commitment to the industry, Luxoft’s R&D is currently investing in developing a combined
offshore/onshore reference data operations capability to complement our systems expertise to offer full
LUXOFT REFERENCE DATA COvERAgE MAP
Luxoft’s role: Lead Developer responsible for architecture, development and maintenance.
DATASET
LEgAL ENTITY
CLIENT &
OUTSORCINg
INSTRUMENT
BOOK
DATA
DISTRIBUTION
BUSINESS vALUE
Required for regulatory reporting
Required for counterparty/issuer risk management
Critical component of CRM & marketing as well as product research
Building block for client, account, instrument, pricing and corporate action sets
Critical component of Know Your Client and regulatory reporting
Required for daily CRM and settlement activities
Bridge between external legal entities and internal legal entities
Required for client product/service entitlement & selection
Required for virtually all financial institution functions: research, portfolio analysis,
trading, pricing, settlement, risk management and regulatory reporting
Time and quality sensitive
Integrates with Legal Entity through Issuer and Corporate Actions
Captures the internal book structure used by a financial institution
Required for virtually all trading, settlement, risk management and financial
reporting activities
Required to achieve consistent and high data quality and availability throughout the firm
CLIENT ONBOARDINg & KYC
BUSINESS CASE
Regulatory requirements around Know Your Client have gradually tightened during the last decade.
Key drivers were initially linked to US initiatives against money laundering and international boycotting
of rogue states.
Successive tightening of regulations have occured through initiatives such as Sarbanes-Oxley, the Patriot
Act, Basel III, FATCA and LEI.
Inadequate evidence and processes supporting the initial and continual identification of clients has
become a felony in many jurisdictions.
Know Your Client is also a valuable component of important functions such as credit risk management.
LUXOFT CAPABILITIES
Impeccable Track Record
Luxoft has successfully implemented client onboarding solutions for global investment banks, operating in virtually all major markets, all under scrutiny from well over 100 regulatory agencies.
Business Knowledge
Luxoft has about 100 developers with up-to-date knowledge of client on-boarding business requirements, routinely implementing process and rule updates involving all major markets, transaction types, client types and global regulators.
Integration
Luxoft has wide experience integrating key business functions with Know Your Customer and Client Onboarding: Legal Entity, Product, Entitlements & Account Reference Data, Document Management, Trading, and Settlement & Risk Management. Luxoft is familiar with the full picture and understands the impact of Client Onboarding across the banking industry.
Technology
Luxoft operates with ease and expertise in most investment banking IT systems. Luxoft’s technology partners for Client Onboarding include
Pega, Fujitsu and IBM workflow engines, Documentum, IBM Enterprise
Content Manager and Java.
Flexibility
Luxoft has proven experience both in taking over existing projects as
well as greenfield development. Luxoft offers seamless offshore and
onshore delivery models that successfully work across time zones and cultures in Europe, Eastern Europe, Asia, USA and the United Kingdom.
Support
Luxoft supports IP share and commercialization initiatives where
LEgAL ENTITY MASTER
LUXOFT SOLUTION ADvANTAgES
BUSINESS CASE
Risk management enables holistic assessment of counterparty, supplier
and issuer exposure, across all financial institution relationships to all
elements of a given corporate hierarchy.
Required for emerging regulatory reporting standards such as the US/G20
LEI initiative and Basel III.
Provides additional marketing entry points, given current relationships to
specific elements of a corporate hierarchy.
Critical component of enterprise profitability and other MIS reporting.
BUSINESS CASE
Proven Capability and Fast Time-To-Market
Luxoft has developed and installed a leading-edge solution for a major
global financial institution. A standard or customized commercial version
of this solution can be delivered rapidly to other clients.
Adaptability
Our designs are highly modular and designed to handle worst-case scenarios such as multiple internal and external incoming data feeds,
complex workflows and data quality rules, multiple user communities, and
multiple outbound distribution engines. It can be adapted to the needs of
any financial institution globally, regardless of size and business complexity.
Low-Cost Maintenance
Our current Reference Data engagements are typically more than 85%
offshore ensuring competitive maintenance costs.
Flexible Implementation Model
Fully managed data service (priced by record)
Lead Developer
Development Partner
Maintenance
LUXOFT WILL IMPLEMENT
THE SOLUTION IN WHICHEvER
MODE YOU PREFER.
08
Luxoft Switzerland Zug Global Headquarters Bundesstrasse 5, 6300, Zug, Switzerland Tel: +(41) 445 568 446
Luxoft USA
225 West 34th Street, Suite 1707 New York, NY 10122
Tel: + 1 (212) 964-9900
ABOUT LUXOFT
Luxoft is a global IT service provider that engineers high-end business solutions. With deep domain
expertise in finance, technology, telecom, automotive, travel & aviation, and energy industries Luxoft
consistently goes beyond client’s expectations bringing together technology, talent, innovation and the highest quality standards.
KEY FACTS:
Founded in 2000 in Moscow, Russia
Headquarters in Switzerland
Full subsidiary of IBS Group
Operations in the US, UK, Germany, Switzerland, Romania, Poland, Vietnam, Singapore, Russia and Ukraine
