360 Data Master File
Kingland's 360 Data Master File helps your Enterprise ensure that it is using the most comprehensive and accurate securities, entity, counterparty, and
hierarchy data in the world. Our solution is used by some of the worlds largest organizations for risk management and regulatory compliance.
Whether securities data, client and counterparty data, or hierarchy data, a 360 Data Master File provides large banking, financial markets, insurance, or other financial services firms with an outsourced option for highly accurate, timely, complete, and comprehensive reference data. 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 KINS™ number system and other industry or third party identifiers.
A 360 Data 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 360 Data 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:
4 million global securities with 5.25 million unique identifiers
900 thousand legal/business entities
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 to identifiers including the Legal Entity Identifier (LEI), DUNS, BIC, CIK, ISIN, CUSIP, SEDOL, WKN, and other industry identifiers as well as SIC codes for risk and revenue analysis, and many other attributes required for enterprise-wide use.
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 360 Data Enterprise Hub platform and suite of other Kingland-developed tools are used for ETL, matching, duplication identification, quality management, workflow processing. The use of these tools by Kingland allows our clients to benefit from the optimized data management in an outsourced setting compared with the investment and maintenance that may be required.
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. Additionally, we use many data research tools that have been optimized over many years to support our high accuracy rules and complex hierarchical data research, which are critical elements of manual validation and where many problems lie with our client’s data programs. Clients can benefit from our recommended processes or can choose to outsource specific processes as a part of a Master File solution.
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 a 360 Data Master File solution include:
Reduction of the number of feeds purchased and managed
Reduction in the amount of manual exceptions processed
Eliminates the need for separately managed security masters, entity masters, multiple vendors, research departments
Improved accuracy and coverage of critical Enterprise data types
Single source that shortens implementation of new sources and types of data as business objectives evolve in future periods
Enterprise-wide synergies from using a common, reliable reference data set
Access to seasoned reference data staff who have deep expertise managing global securities, entities, and complex relationship structures