China Asset Management Co., Ltd. (or China AMC) announced today the successful launch of NeoXam DataHub as its new Master Data Management (MDM) platform. China AMC partnered with NeoXam, a global leader in Data Management, Reporting, Portfolio Management, and Valuation software, in order to centralize its Instruments and Business Entity Data across all asset classes. This deployment marks a significant step in enhancing Data consistency across the organization.
NeoXam DataHub collects, cleans, manages and distributes various Data sources, including Bloomberg, Wind, Caihui, Juyuan and Ysstech, providing China AMC with comprehensive Data Lifecycle Management capabilities. The platform ensures high-quality enterprise-level underlying Data with robust control over Data Quality and approval workflows, serving as a shared language across businesses, organizations, and systems.
By establishing accurate, unique and authoritative Data sources, NeoXam DataHub helps break down information exchange barriers among various systems at China AMC, enabling underlying Data to be repeatedly shared and highly reusable across multiple systems. It provides underlying support and a system framework for building a dta application value chain and sustainably offers a reliable and efficient Data solution for various downstream business systems, including Risk Management systems and the operation department’s transaction valuation management system.
As a joint implementation of NeoXam DataHub in China done in collaboration between China AMC and NeoXam, this successful go-live has set a benchmark for a locally driven development model. It not only highlights the strong business and technical capabilities of China AMC’s Data Center team, and the professional expertise of NeoXam’s implementation project team, but also fully validates the extensive functionality of NeoXam DataHub’s out-of-the-box features, and the flexibility of the system framework.
This successful collaboration also opens significant possibilities for NeoXam DataHub to implement more joint implementations in the Chinese market in the future.
Tim Versteeg, Managing Director APAC at NeoXam, said: “The relationship between NeoXam and China AMC dates back to 2010, beginning with the deployment of the Valuation Accounting solution NeoXam GP. In 2020, China AMC subsequently selected NeoXam DataHub as its Master Data and Transaction Management platform for mutual funds and QDII portfolios. Today, NeoXam DataHub is now expanding further to establish a centralized and consistent MDM platform within China AMC, supporting company-level data sharing. Our long-term partnership is further strengthened and NeoXam DataHub will help China AMC reduce costs and increase efficiency in Data Management, building a long-lasting partnership for continued growth and success.”
