What does GoldenSource do?

GoldenSource provides enterprise data management solutions to domestic and international asset managers, banks, investment banks, broker-dealers, mutual fund companies, insurance companies, and global custodians, exchanges and depositories.

What is golden source of data?

According to whatisit.com, “A Golden Source is a single, well-defined version of all the data entities in an organizational ecosystem.” A Golden Source is also recognised as the “single version of the truth,” (SVOT) where “truth” means the key reference to which data users can turn when they want to ensure that they …

What is EDM in information technology?

Enterprise data management (EDM) is the process of inventorying and governing your business’s data and getting your organization onboard with the process. In other words, EDM is as much about managing people as it is about managing data.

What does a master data manager do?

Master data management (MDM) is a technology-enabled discipline in which business and IT work together to ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise’s official shared master data assets.

What is security master in finance?

A security master, also known as a securities master, is an operational data store for the reference data about financial securities in all asset classes.

What is EDM Council?

The EDM Council is a Global Association created to elevate the practice of Data Management as a business and operational priority. The Council is a leading advocate for the development and implementation of Data Standards, Best Practices and comprehensive Training and Certification programs.

What is a golden data record?

The Golden Record is the ultimate prize in the data world. A fundamental concept within Master Data Management (MDM) defined as the single source of truth; one data point that captures all the necessary information we need to know about a member, a resource, or an item in our catalogue – assumed to be 100% accurate.

How do I become a master data Manager?

Typically, a data manager comes with a bachelor’s degree in a computer-related field (information technology, computer science, etc.) and one to four years of experience. Some positions may require an MBA.

What is reference data in banking?

Reference data is a catch all term used in the finance industry to describe counterparty and security identifiers used when making a trade. As opposed to market data the reference data is used to complete financial transactions and settle those transactions.

What is EDM Council DCAM?

DCAM: The Data Management Capability Assessment Model Developed by EDM Council members, DCAM™ – the Data Management Capability Assessment Model – is the industry standard framework for Data Management. DCAM defines the scope of capabilities required to establish, enable and sustain a mature Data Management discipline.

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