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Reference Data Revolution Occurring in the Financial Industry New Report Reveals
GlobeNewswire
2012-06-20

   TABB Group Study Spotlights Current Reference Data Management
           Shortcomings and Charts Way to a Step-Change

REDWOOD CITY, Calif., June 20, 2012 (GLOBE NEWSWIRE) -- News Facts:


  -- Informatica Corporation (Nasdaq:INFA), the world's number one independent
     provider of data integration software, today released new research in
     conjunction with the TABB Group, spotlighting critical reference data
     management (RDM) shortcomings, trends and solution investment
     considerations across the global financial industry.
  -- TABB Group's Reference Data Management: Unlocking Operational
     Efficiencies reveals that, while RDM is "a foundational element" of the
     financial enterprise, the existing collection of solutions to manage
     reference data in most firms "is not yet" satisfactory:





  -- Despite huge investments in RDM over the past decade, a remarkable 86
     percent of surveyed respondents are dissatisfied with their RDM
     capabilities - capabilities that have a direct bearing on risk
     measurement, compliance, trade strategy innovation and operational
     efficiency/flexibility.
  -- Nearly half of these dissatisfied respondents (48 percent) are driven by
     a broad goal, such as improving outcomes, rather than a specific catalyst
     like compliance - highlighting that RDM is "very much a strategic, rather
     than tactical, imperative."
  -- 71 percent of overall respondents intend to continue investing in RDM
     improvements.





  -- As a consequence, says the study, "the capital markets industry is in the
     process of transitioning to a new generation of RDM solutions."
  -- According to TABB Group, "Centralization of RDM coupled with consistent
     processing will ensure improved outcomes just at the time when data
     scale, speed and diversity is exploding and downstream use cases are
     requiring more heroics."
  -- Nevertheless, barriers to optimizing RDM abound; significant obstacles
     called out in the study, and ideas for overcoming them, include:





  -- Legacy fragmentation of data, solutions and processes - "Virtual
     centralization of reference data management" without requiring physical
     centralization of the data, and "infrastructure-on-demand, or cloud
     solutions" are both options to be considered.
  -- Downstream applications dependent on consistent RDM - "Streamlining and
     mapping these dependencies will contribute to the overall agility of the
     firm's data management infrastructure."





  -- The study concludes with specific recommendations for "navigating the
     road ahead," including:





  -- Firms committed to bolstering their existing suite of RDM solutions -
     Should "focus on wrapping the current RDM solution(s) with technology
     that enables a consistent enterprise data governance process."
  -- Firms yet to make a significant commitment to an RDM solution - Should
     "seek solutions that manage multiple reference data domains in a
     consistent and integrated enterprise framework," in addition to enabling
     data governance.




Tweet This : TABB Report Reveals Reference Data Revolution in
#Financial Industry http://bit.ly/MrU3oY

Supporting Quotes:


  -- "In the past decade, capital market firms have awakened to the
     indispensible role of effective reference data management in driving
     competitive advantage and revenue," said E. Paul Rowady, Jr., senior
     analyst, TABB Group and author of the study. "From this survey, it is
     clear that current generation RDM solutions are not keeping up with the
     challenges and opportunities around reference data as a strategic tool.
     The time has come for a sea change, and those firms that are first to
     embrace emerging fourth generation RDM solutions will be the first to
     grab their share of the treasure chest."
  -- "We are seeing strong evidence of how important it is to address the root
     causes of existing reference data gaps," said Peter Ku, director of
     Banking and Capital Markets Solution Marketing, Informatica.
     "Additionally, firms are ratcheting up their focus in this area given the
     heightened regulatory environment, expected regulatory approval of the
     global Legal Entity Identifier system and increasing costs and risks of
     operating homegrown and second generation reference data systems
     developed in the 90s."




About Informatica

Informatica Corporation (Nasdaq:INFA) is the world's number one
independent provider of data integration software. Organizations around
the world rely on Informatica for maximizing return on data to drive
their top business imperatives. Worldwide, nearly 5,000 enterprises
depend on Informatica to fully leverage their information assets
residing on-premise, in the Cloud and across social networks. For more
information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or
visit www.informatica.com. Connect with Informatica at
http://www.facebook.com/InformaticaCorporation,
http://www.linkedin.com/company/informatica and
http://twitter.com/InformaticaCorp.

###

Note: Informatica and PowerCenter are registered trademarks of
Informatica Corporation in the United States and in jurisdictions
throughout the world. All other company and product names may be trade
names or trademarks of their respective owners.


CONTACT: Deborah Wiltshire
         Informatica Corporation
         +1 650 385 5360
         mobile/+1 650 862 8186
         dwiltshire@informatica.com
         
         Shira Frantzich
         Informatica Corporation	
         +1 650 385 5674
         sfrantzich@informatica.com