A leading financial service provider’s middle office Liquidity Risk department needed a solution to extracting data from different functions across the firm to get firm level overview of various Liquidity Risk metrics and monitor limits. Instead of building a data mart they were looking for a virtual data solution.
Wissen has implemented a solution using a virtual data platform using a product called Composite from Cisco. The solution connects to various kinds of sources like RDBMS, Files, Web Services and provides seamless tables, on top of which applications like reporting and limits monitoring were built. Wissen also built framework around the virtual data platform to automatically obtain source data availabilities, do data quality checks, fill forwarding, signoff. Wissen also built framework for programmatically obtaining sources used for metrics used in reporting and limits.