Markit EDM enables firms to establish best practices across the firm and to create a single source of truth for key business data to be used across multiple systems, applications and processes. An organisation can then create analysis and reporting based on reliable, quality data.
By acting as the master data management platform, EDM provides a single version of the truth for customer data. This includes client onboarding of new client data for integration into internal systems.
EDM provides a single view of client, instrument and counterparty information for risk and credit analysis. It also supports due diligence e.g. KYC, AML and client onboarding requirements.
Product and fund
Product and fund information can be centrally sourced, created, validated, compared and persisted. Firms can access and update into a single system providing a golden copy of the truth.
KYC.com provides a consolidated view of overlapping data points for KYC, financial regulation, tax and counterparties. Using an industry led policy standard for KYC data quality and completeness, firms using kyc.com can mutualise costs.
Markit provides an integrated front office portfolio management system (PMS) and order management system (OMS) with cross asset class coverage, including fixed income, loans, equities, cash, foreign exchange and their respective derivatives.