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Euroclear Bank adopts KEYdata Sterci technology for multiple-sources data integration.

Sterci, the Geneva-based software provider of STP solutions, today announced that Euroclear Bank has been using successfully its KEYdata technology since December 2005.

 

KEYdata is used by Euroclear Bank to integrate market and corporate actions data from multiple best-of-breed sources including Telekurs VDF/IPS, FinInfo, DTCC and WM Datenservice.

 

Etienne Savatier, Marketing Director of Sterci, said : “Euroclear Bank, Europe’s leading international central securities  depository, has very stringent requirements in terms of data-quality management in order to deliver  accurate data to its   customers. We are proud to have been selected by Euroclear Bank to supply our technology, which transforms data into standards like ISO 15022. Our project approach to deliver on time and on budget was also a deciding factor for Euroclear Bank to select Sterci.”

 

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KEYdata belongs to the third generation of data management applications that answers the quality challenge. KEYdata provides both multiple connectors able to select and collect market data in various formats and translation embedded tools to transform the data into an internal standard. Additional KEYdata options perform data cleansing before generating the “Golden Record” to be populated among target business applications. KEYdata enables its customers to build a central data management application in order to maintain consistency and quality while reducing risks and costs.