Data Management

The financial industry is a data-driven business where data volumes and data requirements continue to grow exponentially.

The financial industry is a data-driven business where data volumes and data requirements continue to grow exponentially. Across the industry, data is recognised as a strategic asset that can provide competitive advantage. Firms are investing in data and data quality to facilitate good investment decisions, deliver timely and accurate reports to clients, improve operational efficiencies, facilitate regulatory reporting and mitigate risks.

Axxsys’ Data Strategy Service is offered to clients across the industry including Asset Managers, Wealth Managers, Insurance companies, Pension funds and Capital Markets. Our starting point is that the firm’s data strategy should be business-driven and not technology-driven. It must align with the overall strategy, create value for the business and it must be flexible and actionable. In collaboration with the client, we create the Data Blueprint comprising Data Governance, Data Architecture, Data Management and Data Delivery.

The Data Strategy Service is based on the use of Axxsys AxxeleratorsTM, including Axxsys standard data strategy methodology, guidelines and templates.

Data Strategy

Axxsys Data Strategy Service is offered across the industry including Asset Management, Wealth Management, Insurance companies, Pension funds and Capital Markets.

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Data Strategy

The financial industry is a data-driven business where data volumes and data requirements continue to grow exponentially. Across the industry, data is recognised as a strategic asset that can provide competitive advantage. Firms are investing in data and data quality to facilitate good investment decisions, deliver timely and accurate reports to clients, improve operational efficiencies, for regulatory reporting and mitigate risks.

Axxsys Data Strategy Service is offered across the industry including Asset Management, Wealth Management, Insurance companies, Pension funds and Capital Markets. Our starting point is that the firm’s data strategy should be business-driven and not technology-driven. It must align with the overall strategy, create value for the business and it must be flexible and actionable. In collaboration with the client, we create the Data Blueprint comprising Data Governance, Data Architecture, Data Management and Data Delivery.

The Data Strategy Service is based on the use of Axxsys Axxelerators™, including Axxsys standard data strategy methodology, guidelines and templates.

Regulatory Strategy

Axxsys gives you flexibility as a business, and the comfort that regulatory expertise is at hand, not only to advise on regulatory changes, but to deliver that change.

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Regulatory Strategy

The financial services industry is experiencing unprecedented levels of global regulatory change. All organisations face common challenges, trying to balance the cost of meeting the regulatory burden, whilst integrating new processes into existing business functions and roles.
We have hands-on delivery experience within the Regulatory space, across multiple regulatory requirements, and with our knowledge of the business and the systems that firms rely on we can translate these challenges into efficient solutions, minimising risk and ensuring compliance.
In addition, we will always look for ways in which any changes can be used to create value within the business and the organisation’s operating model.

Our approach:

  • We conduct our own internal research on regulatory changes and invest in the development of tools and methodologies
  • We assess the impact regulatory changes will have on your organisation and can advise you on the best strategy.
  • We manage, design and implement the best-fit solution for your organisation
  • Post-regulatory health-check, leveraging our hands-on experience in delivering solutions.

TOM

Axxsys' Target Operating Model service is the strategic blueprint for organisation, processes & technology, enabling our clients to redesign the operating model to optimise the business.

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TOM

Axxsys takes a top-down approach converting management visions to sustainable solutions. Each client is unique, but we leverage our experience, Axxelerators and  proven methodology when working with clients on defining the business and technology strategy. At the heart of our strategic services is our Target Operating Model (TOM) framework where we assist our clients in defining the high-level blueprint describing organisation, operational processes and technology. The aim is to allow the client to understand how people, processes and technology creates value and how to redesign the operating model to optimise the business.

The TOM helps the firm to achieve its strategic vision, serving as the road map and reference framework to manage the change programme, helping to set direction, track progress and ensure that any changes and initiatives are aligned with the overall strategy.

Axxsys Target Operating Model Service is offered across the industry including Asset Management, Wealth Management, Insurance companies, Pension Funds and Capital Markets.

A multitude of applications are available in the Data Management space, covering Data Blending, ETL (Extract, Transform, Load), EDM (Enterprise Data Management), Exception Management, Data Warehouses and Business Intelligence. Depending on your requirements you will need a different mix of these tools.

At Axxsys Consulting, we assist our clients in defining their Target Operating Model, Data Architecture, Data Governance and policies. We have a set of Axxsys AxxeleratorsTM including Axxsys standard methodology, tools, guidelines and templates, which we can quickly tailor to meet your business requirements and culture.

Axxsys’ Data Management Transformation Service is offered to clients across the industry including Asset Managers, Wealth Managers, Insurance companies, Pension Funds and Capital Markets.

Axxsys has a deep understanding of the business functions within an Asset Management company. This, combined with our Axxsys Axxelerators, means we can help you quickly complete all aspects of your Data Transformation programme, from system selection, data design, data modelling, system implementation, data integration and data migration.

Data Architecture

The Target Data Architecture (TDA) service is the architectural blueprint designed to align the data strategy with our clients IT & Business strategy.

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Data Architecture

The objective Axxsys Target Data Architecture (TDA) service which will enable the target business architecture and Target Operating Model. We have a rigorous approach to the creation of the TDA and our process follows a number of logical steps leading up to creation of the TDA blueprint:

  • Capture Business Strategic vision and it’s Target Operating Model;
  • Develop Baseline Data Architecture Description;
  • Develop Target Data Architecture Description;
  • Identify GAP’s between Target and Baseline DA;
  • Define Roadmap, with new data components, priorities, cost, benefits and time-frames;
  • Analyse Impacts across the architectural landscape for business, technology and data;
  • Finalise the Data Architecture and Create Architecture Definition Documents & Artefacts.

We will represent both the baseline – and target data architecture with a number of documents and artefacts comprising catalogues of Data Entities/Data Components, Data Integrations, Data Entities/Data Components matrix, Application/Data matrix and finally a number of diagrams describing the Conceptual Data Model, Logical Data Model, Physical Data Model, Data Distribution, Data Lifecycles, Data Security, Data Management and Data Migration.

Data Migration

Data migration can be complicated and time-consuming, but with the necessary preparation work and fully thought through processes you can avoid the common data migration errors.

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Data Migration

The Axxsys Data Migration Service provides a best practise solution to fully understand what data is being migrated, where it’s stored, what form it’s in and the form it will take at its new destination. The wealth of experience offered by our consultants will ensure data migration policies will be implemented and will fully test and validate and document the entire data migration process.

Axxsys’ Data Migration approach combined with our system expertise, technical know how and solid business knowledge will be the key accelerators which will enable us to deliver a high-quality, timely and efficient migration solution to our client. Migration Plan & Coordination with company Change Programme;

  • Analysis & Design – Data and Migration Design;
  • Data Mapping between source/legacy and target systems(s);
  • Extraction of Data from Source/Legacy system;
  • Conversion & Reformatting of extracted Data;
  • Load of Source Data to staging area and target systems;
  • Migration Test;
  • Tools and Scripts for validation and cleansing of Data.

Our service is based on the Axxsys Axxelerator™ methodology, which is built around the extensive knowledge of the consultants and proven best practise guidelines developed on multiple successful data migration projects. We offer a comprehensive project plan, tools, detailed timelines, roadblocks and potential risk areas which will be fully evaluated prior to the commencement of the migration.

Data Security Management

With the increase in regulatory requirements within the financial sector the importance of having a robust organisational information security platform has never been higher.

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Data Security Management

The Axxsys Data Security Service includes the implementation and maintenance of policies, processes and systems to manage enterprise data risk. Our starting point is the critical factors for data security management:

  • Confidentiality – the protection of data from unauthorised parties;
  • Integrity – the protection of data from modification by unauthorised parties;
  • Availability – making data available to authorised parties.

We identify GAP’s and vulnerable spots in our client’s data, give recommendations and provide a action-plan.  Subsequently we design and implement a solution, providing your business applications with relevant Data Security Management, control, auditing and reporting.

  • Current-State assessment finding security risk and vulnerabilities, plan and recommendations;
  • Data Discovery i.e. identifying and mapping all sensitive data flows, data stores and processes;
  • Designing the DSMS i.e. governance, controls, policies and systems;
  • Tools for Surveillance, Analytics, Breach Reporting and Auditing;
  • Encryption of sensitive data across all business applications;
  • Controls – Consent Processing, Deletion/Erasure and blocking of malicious users;
  • Defining Standard Operating Procedures, and user training.

Development & Configuration

Axxsys provides development and configuration services across a number of standard products and tools for the financial sector.

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Development & Configuration

Axxsys Build Service is offered to clients across the Financial Services industry including Asset Management, Wealth Management, Insurance companies, Pension Funds and Capital Markets. We believe that whoever is building the final solution should possess extensive business and product knowledge in order to extract maximum benefit in the minimum time, ensuring that business requirements are delivered upon in a well-functioning system. Axxsys offers a range of build services across the entire organisational spectrum, providing expertise in Business Configuration, Integration Development and Technology/ Development Configuration.

The Build Service utilises Axxsys Axxelerators™, incorporating Axxsys standard best practice solutions for a broad suite of popular financial industry-leading products, developed through years of experience across dozens of clients. A typical Business Configuration build process will involve taking the finalised business requirements and building a prototype solution using existing Axxsys builds as a template. In close collaboration with our clients, the solution is refined through an agile process until it is ready to take to the testing phase of the project.

Axxsys are experts in a number of standard products including SimCorp Dimension, MarkitEDM and Charles River (CRD).

Programme Management

Axxsys Programme and Project Management can help control and manage cross-dependencies across multiple project implementations and ensure the overall strategic objectives are met and change is delivered on time and on budget.

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Programme Management

To effectively manage change, a suitable change management process and governance model needs to be in place. The Axxsys approach will apply a proven change management process and governance structure to any form of change in our client’s organisation, from smaller initiatives to large-scale change programs. The objective is to create overview, coherence and transparency of decision-making and ease stakeholder management.  This will ensure that projects can be delivered on time and on budget.  Our Programme Management service will allow your organisation to perform the right initiatives or activities effectively. Axxsys can also help you prioritise your project portfolio and align this to your company objectives and goals.

Axxsys has a proven successful Programme Management, Change Management and Project Governance Model, and we have all relevant project templates and a repository of the relevant roles for a project.

We are experts in assembling high performance teams, and we have successfully managed large changes as well as smaller projects for our clients.

Quality Assurance

Axxsys QA Services is offered across the industry and targets the core change elements - Business requirements, designs, testing and deployment, together with QA of change management processes, project governance, people and capabilities.

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Quality Assurance

Quality Assurance (QA) is an integral part of any large change programme or project in the industry. The overall objective is to manage risk and improve the likelihood for delivery on time, on budget and to required quality standards.

Axxsys QA Services is offered across the industry and targets the core change elements – Business requirements, designs, testing and deployment, together with QA of change management processes, project governance, people and capabilities.

Our QA service aims to ensure transparency  and traceability between business requirements, design and business strategy.  Our Axxsys Traceability Methodology and Trace Matrix ensures consistency, completeness and provides management overview, confidence and actionable programme insight on progress, pain points and risks.

Axxsys QA Services is based on the use of Axxsys Axxelerators encompassing QA Best Practice guidelines, QA tools for Planning, Audit and Controls. The service includes independent quality audits and reviews to identify quality gaps, inefficient procedures or processes in the project.  We offer comprehensive deep-dive QA reviews of business requirements, designs, test processes and deployment.

Requirements & Modelling

Accurately capturing business requirements and the target process model is key to achieve value from any change management project.

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Requirements & Modelling

Axxsys Business Requirements Collection Service is driven by Axxsys Axxelerators™, incorporating standard business requirement methodology, guidelines, templates and tools. Our standard 5-step methodology begins with the Discovery phase where the requirements are gathered through a series of workshops and one-on-one meetings with stakeholders and SMEs. Following this Analysis, the results of the Discovery phase are taken and formed into coherent requirements in-line with organisation structure. Documentation of the requirement including exceptions and current pain points is undertaken from the Analysis. Communication/Dissemination to stakeholders and SMEs for clarification is then undertaken and the requirements refined through an iterative process until ready for Validation/Sign-Off from stakeholders.

The Axxsys Target Process Modelling Service is available to industry clients including Asset Management, Wealth Management, Insurance companies, Pension Funds and Capital Markets. We work to create a baseline using the current process model, documenting key business processes, flows and pain points. We conduct a gap analysis, identifying redundant and missing processes and functions in the current process are identified, leading to a Target Process Model.

Solution Design

The Axxsys Design Service is the activity of modelling the future operational processes via a design. The overall objective is to increase efficiency, speed and the quality of the design process.

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Solution Design

For large Change Programmes, the design and related process changes are a key activity which closely link to the firm’s business strategy. Taking point of departure in the current process model, the business requirements and client strategy form the input to the future process model. Functional requirements and designs are aligned and validated against the model ensuring that the final design of systems and operational processes are cohesive with the Business Strategy

This service is based on the Axxsys Axxelerator™ platform which enables the client to take advantage of predefined best practise standards and guidelines, allowing implementation of applications in a shorter space of time and with less dependency on key resources from the business.  The Axxsys Axxelerator™ platform contains a set of templates, training materials and guides “ready to go” and deploy to a client, populated with their details, taking operational risk and audit requirement into consideration.

Solution Testing

We provide Test Management, Governance, Test case creation and execution services.

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Solution Testing

The Axxsys Testing service aims to provide a strategy and execution plan for testing, providing a best practice framework. This service is designed for institutions such a Fund managers, Investment banks, Pension Funds and Insurance companies implementing or upgrading their current system infrastructure.

Axxsys Testing Framework includes identifying the Test Goals, Deploying the right Test Strategy for and organisation, Test Management, Test Measurement, Test Evaluation and Test Improvement.

Axxsys can provide dedicated Quality Assurance Managers, Test Leads, Test Analysts and Business Analysts to work with the business users during User Acceptance Testing.

Our Axxsys Testing service is based on the use of Axxsys Axxelerators™ which provide proven methodology and best practise guidelines along with our in-depth knowledge across multiple systems. We include templates and standard test tracking tools.

The financial industry tends to focus on the visible costs of data management, such as software and data vendor licence fees. However, there are also significant invisible costs, such as the cost of employees touching data, perhaps rechecking or adding to it, consolidating disparate data sources, managing data quality issues, and failing to deliver data in a timely way. Axxsys Consulting can carry out a SWOT analysis of your current data solution, to validate it against industry best practice and suggest changes of improving it. Axxsys also has a SWOT aimed specifically at reducing your market data costs.

With fierce regulation on the horizon (EU-GDPR), and high-profile global cyber-security breaches increasingly in the news, the importance of having a robust organisational information security platform has never been higher. The Axxsys Data Security Service was created to design and implement our clients’ Data Security Management System (DSMS). This includes implementing and maintaining policies, processes and systems to manage enterprise data risk and prevent or minimise the impacts of security incidents. This in turn can ensure business continuity, preserve public confidence and achieve regulatory compliance.

Business Readiness

A smooth transition to a new system or processes is key to reduce potential operational risk issues and errors and ensure the benefits from a new infrastructure are achieved.

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Business Readiness

The Axxsys User Training service aims to provide a strategy of end-user training in a structured method to guarantee a successful implementation. This service is designed for institutions such a Fund managers, Investment banks, Pension Funds and Insurance companies implementing or upgrading their current system infrastructure.

Axxsys provides advanced functional or technical training programmes performed by senior consultants and experts who are business knowledgeable and completely up to speed on the latest enhancements and features. We believe that training should be delivered with flexibility and relevance to our clients’ organisation. We therefore tailor the training sessions, to meet the unique objectives, and rely on our expertise from the different domains in the value chain within Investment Management, combined with detailed knowledge and experience from all the solutions our consultants deliver on a daily basis. We can provide training on a number of applications, such as Advent, Markit EDM, SimCorp Dimension, Blackrock/Aladdin, CRD and Murex.

Our Axxsys User Training service is based on the use of Axxsys Axxelerators™ which provide proven methodology and best practise guidelines along with our in-depth knowledge across multiple systems.

Managed Services

Management Oversight and team of experienced Developer and Analysts, of off-site and on-site.

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Managed Services

Axxsys can provide a complete team of experienced Developers and Analysts, to run the day to day support of applications, either off-site or on-site. Our managed service offering includes management oversight, as well as upgrade services and delivery of business as usual change programs such as the implementation of new funds and instruments types. Our manage service offering is a cost efficient support model with the aim of enabling our clients to focus on the core business of managing funds, while we take ownership of the systems and day to day management of the vendors, and changes to the set-up. Axxsys Managed service can be tailor made to fit the clients needs, such that we agree the level of ownership and support our clients require, relative to in-house capabilities.

The managed services is currently targeted at clients with the following applications/requirements:

  • SimCorp Dimension;
  • Blackrock/Aladdin
  • Linedata Beauchamp;
  • Sophis Value;
  • Calypso;
  • Markit EDM;
  • Advent product suite;

Upgrades

Axxsys Consulting has developed an Upgrade Service, which helps our clients to realise the benefits from the upgrade, with a minimum of effort and cost. This product can save your business large amounts of time and resources.

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Upgrades

Most software solutions mandate an upgrade. These upgrades consume staff and systems resources which can block for other value adding projects. Axxsys’ Upgrade Service helps our clients to be more efficient and with less dependencies on key people and business users involvement.

The first time the process is used, benefits are gained by having a better understanding of the way the system is used in a business context. This will lead to better testing coverage, reduce unnecessary testing and provide justification on why each test case is implemented.

The long-term benefits of Axxsys Upgrade Service is the continuity it creates, since our clients don’t have to start from scratch at every upgrade. Test cases may be re-used in future testing, and technology and business users can utilise the same set of test cases. All test cases are based on scenarios previously processed by the client.

Benefits by using Axxsys’ Upgrade Service:

  • You will lower the cost and time of upgrades;
  • Achieving sign-off is straight-forward as the justification for the testing is defined and transparent;
  • Axxsys’ approach can be tailored to the clients needs;
  • Independent consultancy providing upgrade service;