Success Story: Transforming Financial Data Management with FIBO MDM Implementation Using Informatica

March 5, 2025 | Category: Financial Services

Client Overview

A leading global financial services firm, managing trillions in assets, faced increasing challenges in data governance, regulatory compliance, and operational efficiency. With multiple data sources and siloed systems, they struggled with data inconsistencies, making risk assessment, regulatory reporting, and decision-making complex and inefficient.

Business Challenge

The firm required a centralized, standardized approach to manage financial data across various domains, including securities, counterparty risk, and financial instruments. Their existing data landscape presented several key challenges:

Lack of Data Consistency: Inconsistent financial terms and definitions across business units led to reporting discrepancies.
Regulatory Compliance Issues: Meeting regulatory standards like BCBS 239, MiFID II, and GDPR required a unified financial ontology.
Data Silos: Multiple data repositories made it difficult to establish a single version of truth.
Operational Inefficiencies: Redundant and conflicting data sources slowed down business processes and increased costs.

Apptad’s Solution: FIBO-Driven MDM Implementation with Informatica

Apptad, a leader in data management solutions, partnered with the firm to implement a Financial Industry Business Ontology (FIBO)-driven Master Data Management (MDM) solution using Informatica. The objective was to establish a trusted, authoritative source of financial data to support regulatory compliance, risk management, and analytics.

Key Steps in Implementation

Ontology-Driven Data Model

Leveraged FIBO as the foundation for defining standardized financial entities and relationships.
Established a common vocabulary across securities, legal entities, and transactions.

Informatica MDM Integration

Deployed Informatica MDM to consolidate and cleanse financial data from various sources.
Applied data governance frameworks to maintain data quality and lineage.

Data Standardization & Deduplication

Applied Informatica Data Quality (IDQ) to enforce consistent financial terminology.
Eliminated duplicate records and established golden records for financial instruments and counterparties.

Regulatory Compliance Enablement

Aligned data structures with BCBS 239, MiFID II, GDPR, ensuring seamless compliance reporting.
Provided a traceable audit trail for regulatory audits and internal risk assessments.

Enterprise-Wide Data Governance

Implemented Informatica Axon to facilitate enterprise-wide data governance.
Enabled business users to discover, understand, and govern financial data effectively.

Business Outcomes & Benefits

Single Source of Truth: Achieved a unified, standardized financial data repository, reducing inconsistencies across the enterprise.
Enhanced Regulatory Compliance: Streamlined regulatory reporting and compliance with global financial regulations.
Improved Risk Management: Provided accurate and consistent data for risk assessment and portfolio management.
Operational Efficiency Gains: Reduced data reconciliation efforts by 40 percent, leading to faster decision-making and cost savings.
Scalability & Future-Readiness: Established a scalable data governance framework to support future data initiatives, including AI-driven analytics and ESG reporting.

Conclusion

With Apptad’s expertise in MDM, FIBO, and Informatica, the financial services firm successfully transformed its data management capabilities. The implementation not only enhanced data governance and compliance but also positioned the firm for data-driven innovation and strategic growth.

By leveraging a FIBO-driven MDM framework, the organization now benefits from high-quality, trusted data, enabling them to compete effectively in the fast-evolving financial landscape.

Partner with Apptad for Your Data Transformation

Are you facing similar data management challenges in your financial organization? Apptad can help you implement a robust MDM strategy powered by Informatica and FIBO data models, ensuring data integrity, compliance, and operational excellence.

Contact Apptad today to learn how our data solutions can drive your business forward.

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