Given the dramatic reductions in information services personnel and the increasing costs of business information needed to support both customer engagements and new business prospecting, investment banks need to better integrate and distribute currently subscribed-to business information.
Alacra Concordance allows firms to more easily integrate internal and external information, providing access directly to the user desktops.
| Business Challenge | Alacra Applied | Results |
| Distribute need-to-know business information to bankers? desktops | Create and maintain an identifier map enabling client to integrate its internal information with investment and credit research, fundamentals and market data | Self-serve model streamlines the banker workflow and delivers information more efficiently; corporate actions are automatically updated ensuring data quality and allowing information technology staff to be redeployed to higher value tasks |
| Following a series of mergers and acquisitions over several years, a financial institution had multiple customer and prospect databases, creating inefficiencies in sales & marketing efforts and duplicated effort in KYC and other compliance processes | Create a single, clean customer database from several legacy data silos, each of which utilized different entity identifiers. | Reduced costs by maintaining a single customer master file; eliminate inefficiencies caused by searching and maintaining multiple copies of the same information. |
