Upskills partners with Alveo to help APAC financial firms handle data management

By Leandra Monteiro

Upskills, a Murex consultant and innovator for the financial markets, and Alveo have announced a new partnership to help the Asia-Pacific financial services industry tackle the present market data aggregation, quality management and analytics challenges.

The partnership combines Upskills’ human capital and APAC market expertise with Alveo’s data quality management expertise to deliver solutions to not only Murex users, but to all financial markets participants across Asia.

Current market data and analytics requirements addressed by the partnership include improving the data quality of reference data, valuation data and risk factor data fed into Murex and other trading and risk systems.

The partnership will also enable business user self-service through easy data access, closing the gap between data management and analytics, helping to control the cost of market data and providing users with better features to understand data quality and automating the end-to-end data acquisition, verification and distribution process. In addition to meeting these immediate objectives, the two companies have a long-term focus on working together to create a more efficient and resilient financial data capability for the future.

Thong Tran, CEO of Upskills said, “We help banks and financial organisations to deliver projects efficiently and reduce time to market. Our service offerings cover the entire lifecycle of financial technology transformation projects: be it a greenfield implementation, an extension or an upgrade. We are delighted to partner with Alveo and put its award-winning technology to use to help our customers meet today’s and tomorrow’s challenges.”

Mark Hepsworth, CEO of Alveo said, “We are pleased to partner with a firm of Upskills’ capabilities and reach. At Alveo, we focus on innovating the entire market data management process for financial services including, for example, for market risk, valuation, finance, analytics and scenario analysis requirements. We look forward to collaborating with Upskills from our Singapore office to service both new and existing customers across Asia.”