Through the CONNEXOR solution, a number of the inefficiencies in the reference data lifecycle are eliminated. Many market participants transmit reference data via a variety of interfaces and in different data formats. This causes unnecessary reconciliation and consolidation work when processing the data. Media breaks also compromise data quality, resulting in an inconsistent data set, misinterpretations, delayed data distribution and a low level of automation. The consequences are high costs and exposure to financial and operational risks.
With CONNEXOR, reference data can be captured centrally and distributed electronically to all stakeholders without any time delay, without media breaks and in standardized quality. A globally deployable data model allows both simple and complex products to be presented, thereby simplifying workflows and reducing the number of interfaces.
As a result issuers, data vendors and data recipients benefit from substantial efficiency advantages.