January 22, 2017 – IKINDI is pleased to announce it has successfully completed a proof-of-concept (POC) for a client ($200 billion in fixed income assets and a large presence on POINT), demonstrating the product automation capabilities for Barclays POINT historical migration. Data was drawn from eleven client portfolios with over 3,000 securities spread across a wide range of asset classes.
The scope of the POC was for automated migration from Barclays POINT to Bloomberg PORT including holdings, performance and analytical data. Client time commitment was minimal as IKINDI’s client support team executed all aspects of data extracts, transformations, imports and reconciliations between the two systems.
In the exercise the IKINDI KTier™ product demonstrated its power and flexibility by:
The POC demonstrated the powerful integrated reconciliation capabilities that allows setting of user tolerances to filter out acceptable and unacceptable differences and a robust reporting tool that permits creation and archiving of reconciliation reports that meets the needs of diverse user requirements.
We are excited to have concluded this successful POC at a time when the pressure to begin with historical data migration off Barclays POINT is becoming acute. The ability to bring KTier™’s full suite of tools to bear in getting historical data off Barclays’ POINT decompresses the timeline for historical migration and allows companies to quickly get to work on this vital piece of the transition to another platform. Having demonstrated the ease and efficiency of the KTier™ platform in this recent POC, the industry now has a powerful out-of-the-box tool it can use to help protect and secure Barclays POINT history and stay on track for a clean transition to a new system.
Clients using IKINDI’s industry leading KTier™ product can:
The successful completion is a significant and timely accomplishment given the fast approaching retirement of the Barclays Point system and, as KTier™ is system agnostic, it can be effectively deployed when alternative systems/sources are in the mix. Given the speed and flexibility of the KTier™ platform, clients can also use it as a tool to evaluate multiple systems as part of their system selection/system evaluation initiatives.
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