BUSINESS

VFMC chooses BNY Mellon to support data transformation

18/12/2019 06:52 PM

KUALA LUMPUR, Dec 17 -- BNY Mellon has been selected by the Victorian Funds Management Corporation (VFMC) to adopt its Eagle Data Management product to underpin comprehensive data and IT transformation strategy.

The solutions, hosted on Eagle ACCESS [SM], a secure private cloud, also include a Managed Services agreement to integrate, clean, enrich and validate multiple sources of investment data into one centralised location.

It also helps to manage the technology environment for VFMC on a going-forward basis.

In its search for a technology partner to support its IT transformation strategy, VFMC prioritised solutions that could improve data quality while offering a flexible and open platform able to scale as assets under management also grow.

As the investment specialist of the government of Victoria in Australia, VFMC manages assets of over US$65 billion, and delivers investment and funds-management services to 29 Victorian public authorities and related organisations. (US$1 = RM4.14)

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. More details at www.bnymellon.com 

-- BERNAMA


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