CSS Integration Hub: Integrating Investment Data Systems – Internal build or a vendor solution?
Identifying the strategic need for the implementation of an integration hub for financial transactions, positions and securities.
When consolidating data from front- and back-office applications, an increased need arises for systems integration and a certainty that securities and reference data are in sync.
Regulations such as MiFID II, EMIR, SFTR and EU Short Selling rules increase the need for efficient data deliverables. New requirements around transparency also increase the need for security and holdings data. The data landscape as we know it is changing, posing constant challenges for infrastructure to support efficient processes.
Successfully integrating applications and external parties requires standards, monitoring, scalability and, in most cases, encrypted communication.
Manual processes are not cost-efficient in an ever-changing data landscape. Market participants ought to look at integration from a strategic perspective, rather than a tactical one.
CSS Integration Hub is a highly flexible integration platform that interconnects an investment firm’s core systems internally, as well as with external partners, platforms and utilities.