Case Study: Nomura Securities achieves proactive data quality monitoring for MDM with iCEDQ iGOVERN

Data Monitoring Case Study of an MDM System: Financial Instrument and Market Data Hub

The customer, Nomura Securities, a leading investment bank, faced significant operational risk and potential financial losses due to poor data quality in its Master Data Management (MDM) system for financial instrument and market data. Their challenge was to proactively monitor and prevent data exceptions from reaching trading desks, which relied on this consolidated data for critical decisions. To address this vulnerability, the bank turned to the vendor iCEDQ for its data quality and monitoring solution, iGOVERN.

iCEDQ implemented its iGOVERN Data Quality Monitoring Framework to establish automated checks and controls. The solution categorized critical data, embedded validation rules within data processes, and provided proactive notifications, often stopping flawed processes before bad data could propagate. This implementation resulted in a dramatic improvement, with iCEDQ's tools preventing 80% to 90% of production data breaks from affecting downstream users, thereby building trust between IT and the business and significantly reducing operational risk.