Global Security Master & Pricing Hub

Problem:

A global investment portfolio auditing firm needed to establish an efficient, integrated and consistent process for delivering investment portfolio audits, supporting over 10,000 auditors and a global client base.

Critical challenges:

1. Price investigation process was fragmented involving multiple data access points
2. The process was manually intensive and did not scale across multiple geographies
3. Extensive manual intervention spanning multiple departments was required to service simple client requests
4. No centralized data warehouse presented pricing risk and prevented auditors from conducting deep-dive analytics
5. Marked data vendor changes (feeds, formats) required long turn-around time for internal IT departments to address
6. The month-end data load required long processing times
7. Redundant pricing requests generated significant market data costs

Solution:

Kuberre delivered a cloud-based platform that improves the process efficiencies, establishes controls, and reduces the market data costs for delivering investment portfolio audits.

The Final Solution:

1. Delivers an integrated security master and pricing hub that supports over 140 million securities and 162 asset classes, with 5 years of history, across 5 leading market data providers
2. Delivers query capabilities against individual securities or portfolios by source, month-end price, rating and fair value
3. Provides access to the underlying data either through a custom-built web portal or through REST API’s
4. Provides enhanced valuations based on additional data sources to support ad-hoc valuation requests
5. With managed services, Kuberre is responsible for incorporating any modifications of the underlying vendor data or formats

Client Benefits:

The platform is used globally by the audit organization delivering a single, integrated source of data, accessible anywhere, at any time, by any authorized user

• The audit process is streamlined, workflow is consistent, and the solutions scales across geographies,
  • Market data feeds are consolidated into a single repository, eliminating the need for separate macros for each market data vendor
  • Custom spreadsheets and models are easily integrated with the platform
• Redundant pricing requests are eliminated dramatically reducing market data costs
• Delivers management reporting and audit capabilities against the audit team’s activity and market data usage
• Provides integrated, clean data for the entire equities and fixed-income universe, including options, futures, rights and warrants
• Provides regulatory compliance for pricing based on supporting data behind the securities
  • Ratings, maturity dates, 144A flags, 144A status, convexity, Reg S, coupon schedules, durations….
• Eliminates need for internal IT support required to manage market data vendor modifications to their data

Client Testimonial: 

“In an ever-changing data vendor marketplace, Kuberre provides us the nimbleness we need to manage a centralized data warehouse of security master and pricing to service portfolio pricing and supporting our audit teams globally”

– Partner, Global Assurance & Advisory Firm

Solution Deployment: