Global Master File ("GMF") Data Solutions
Kingland's Global Master File ("GMF") solution developed using our 360 Data Enterprise Hub helps global audit firms manage the unique risks inherent in monitoring conflict of interest caused by independence and international registration rules and regulations. Our GMF solution helps ensure that you are using the most comprehensive and accurate securities, entity, counterparty, and hiearchy data in the world. Our solution is used by all of the major global audit firms and many of the worlds largest financial services firms for risk management and regulatory compliance.
Whether securities data, client and counterparty data, or hierarchy data, our Global Master File will provide you with the highly accurate, timely, complete, and comprehensive reference data that an audit firm needs. A Master File solution is customizable by type of data, sources of data, countries, and client-specific business rules down to the attribute level. Kingland manages the integration, processing, and maintenance of the data, including matching and concordance to client-specific internal identifiers, cross referenced to our KINSSM number system and other industry or third party identifiers.
A Global Master File solution is developed and provided using…
Kingland's 360 Data database
Our database, which currently contains more than 900 million physical records, is the foundation of every Global Master File solution. Our database uses more than 500 sources (global stock exchanges and depositories, commercial vendors, and a time-tested list of unique data research sources from more than 150 countries) validates and enhances a world of financial services data summarized as:
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4 million global securities with 5.25 million unique identifiers
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900 thousand legal/business entities
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1.1 million unique corporate hierarchies and other business relationships
Our database also includes our unique KINSSM numbering system- one of the industry's only international business entity identifiers that supports both unique entity and security identification and indexing.
Client Requirements
Each company within the financial services industry has different preferences, uses, and needs for global reference data. Working with our clients, we identify specific data attribute, quality, and coverage requirements from our clients. These requirements drive configuration of our flexible MDM software and proven data management processes.
MDM Software
Our Global Master File solution uses our 360 Data platform as the master data management (MDM) engine. Our 360 Data platform is powered by IBM InfoSphere software and a suite of Kingland-developed tools. The platform is complete with ETL, matching, duplication identification, and an expansive series of quality scans and also contains a workflow component that supports complex, prioritized processing. Additionally, we provide many data research tools that have been optimized over many years to support our high accuracy rules and complex hierarchical data research.
Manual Validation
Using a series of proven processes and research optimized MDM software, our teams of data research analysts perform data enhancement, validation, and verification activities. Our research is global in nature supporting many languages and global market nuances.
Database Use
The database was developed to meet the risk management and compliance needs of the financial services industry and also supports client management, corporate reporting, and other critical functions. Today the database is used by some of the largest, globally diverse firms in the industry, supporting more than 500,000 users in over 130 countries around the world.
Key benefits of the Global Master File solution include:
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Reduction of the number of feeds purchased and managed
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Reduction in the amount of manual exceptions processed
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Eliminates the need for separately managed security masters, entity masters, multiple vendors, research departments
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Improved accuracy and coverage of critical Enterprise data types
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Single source that shortens implementation of new sources and types of data as business objectives evolve in future periods
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Enterprise-wide synergies from using a common, reliable reference data set
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Access to seasoned reference data staff who have deep expertise managing global securities, entities, and complex relationship structures