LONDON, UK -EQS - 17 July 2019 - Luxoft , a DXC Technology company (NYSE:DXC), has formed a global alliance with GoldenSource, a global software companyin the enterprise data management industry.
The alliancemakes Luxoft a preferred implementation and business development partner forconnecting banks, brokers, investment managers and capital markets serviceproviders with GoldenSource's platform.
GoldenSource'sEnterprise Data Management & Master Data Management platform enables firmsin financial markets to effectively control their mission critical data. Thisin turn helps them manage risks, comply with regulatory requirements, andcontrol costs in the middle and back office with a trusted source of complete,consistent information. The platform sources, standardizes, validates anddelivers mission critical market, reference, customer, position and transactiondata to the people and systems that need it, such as trading, compliance, riskmanagement, settlements and accounting.
"We are verypleased to have advanced our relationship with GoldenSource. With regulationssuch as SFTR and FRTB approaching, along with LIBOR Transition, it is vital forfinancial firms to have accurate, consistent, and transparent data," saidPierre Castagne, global head of Alliances, Luxoft Financial Services. "Thisalliance follows Luxoft and GoldenSource's success at delivering datamanagement transformation projects at several global organizations, wheretogether, we've replaced aging in-house data infrastructure, and unlockedbusiness agility and cost savings through improved data quality and datagovernance."
"WithLuxoft's advanced integration capabilities and global reach, GoldenSource'sproven data management solutions, and our shared vision of delivering financialservices transformation programs, this alliance is perfectly timed to helpFinancial Services firms adopt the data infrastructures and operating modelsessential to thrive in a demanding period of cost reduction and regulatorypressures," said John H. Eley, CEO, GoldenSource.
About GoldenSource
GoldenSource'ssoftware, services and expertise enables firms in the financial markets tomanage risks, comply with regulatory requirements, and control costs in themiddle and back office with a trusted source of complete, consistentinformation. Its products source, standardize, validate and deliver missioncritical market, reference, customer, position and transaction data to thepeople and systems that need it, such as trading, compliance, risk management,settlements, and accounting. GoldenSource provides automated, enterprise-levelprocessing delivered through a single hosted or on-premise platform, to achievethe highest levels of data quality and operational efficiency. For moreinformation, visit www.thegoldensource.com.
About Luxoft
Luxoft, aDXC Technology Company (NYSE: DXC), is a digital strategy and softwareengineering firm providing bespoke technology solutions that drive businesschange for customers the world over. Luxoft uses technology to enable businesstransformation, enhance customer experiences, and boost operational efficiencythrough its strategy, consulting, and engineering services. Luxoft combines aunique blend of engineering excellence and deep industry expertise,specializing in automotive, financial services, travel and hospitality,healthcare, life sciences, media and telecommunications. For more information,visit https://www.luxoft.com.