Great Eastern Life, a Singapore-based life insurance group, has selected Eagle Investment Systems' enterprise data management solution to consolidate and aggregate its investment data to help streamline its operations and respond to regulatory requirements.
Eagle Investment Systems said that the data management remains a priority for Asian financial institutions seeking to further mitigate risk, enhance efficiencies within their operations and comply with strict regulatory reporting requirements.
By implementing a centralized data management strategy, investment managers can obtain an aggregated view of their portfolios to help understand risk and exposure to various funds.
Great Eastern group chief financial officer Tony Cheong Jin Keat said Great Eastern was looking to build an integrated system that is capable of aggregating data across all asset classes, markets and currencies to help facilitate quick decision making.
"I am confident that with the Eagle data management system, we will have single consistent views of all our investments and risks across the Group," Keat said.
Eagle Investment Systems, a subsidiary of BNY Mellon Asset Servicing, is a provider of financial services technology. Eagle provides technology and services for data management, investment accounting and performance measurement.