(PRWEB) March 24, 2011
Based on the Research and Development activities of PolarLake this new capability will enable an Internet style search capability across any number of Reference Data sources. The product also enables firms to define their own linkages, meta data and data dictionaries over multiple sources in a simple to use application. The product enables Business Analysts and Risk Analysts to get a complete view of opinions of security master, credit risk, pricing and corporate actions data across all their vendors in seconds from a current and historical perspective.
John Randles CEO PolarLake commented: “We have clients going live with over 25 vendor and internal feeds indexed, linkable and searchable in seconds, as people expect in the world of Internet Search. We have completed implementations with the major Data Vendors and Credit Data vendors in a matter of weeks. We believe all opinions from data vendors are valid and should be respected, not discarded as per the traditional EDM approach. This new search capability will enable real insight and analysis of data assets which have been traditionally very difficult to search and mine. As data volumes explode and regulations across historic and current data become more and more pronounced, search will be the killer app for Reference Data Management. Search is also the key component for true Reference Data Analytics.”
PolarLake’s Data Management Platform enables some of the largest firms in Financial Services to acquire, manage and distribute Reference Data with speed, agility, control with embedded Security not seen before in the Reference Data Management Market.
PolarLake has been recognized by Industry Analysts as a leader in the Reference Data Distribution and Integration space, named by Aite as the most packaged Reference Data Distribution solution and included in the Gartner visionaries’ quadrant.
Financial Services Clients using PolarLake products include 6 of the top 10 Investment Banks, 2 of the top 5 Prime Brokers and 2 of the top 10 Asset Managers. Clients have used PolarLake to make in house and commercial Data Repositories easier to distribute and consume data from. Others have used PolarLake in the end to end Data Supply Chain, sourcing, linking, validating and distributing data.