POINT TO PORT MIGRATION: Is Your Software Development & Testing Complete?

With the August deadline looming, are you running out of runway to develop software, perform UAT for a validated POC … especially  Quality Assurance and Validation for the historical data migration.

Build vs. Buy Data Integration

Build vs. Buy

When asset management firms deploy new systems — the burning case in point is migrating from Barclay’s POINT to Bloomberg’s PORT — they will typically develop a new data integration solution internally.  

This is driven by tight deadlines, limited budget, available resources and business ‘attention’ to the delivery of the overall project. This creates a series of ‘quick wins’ which satisfies the headline business priorities of the day but the cumulative effect of these internal patches creates an operational data management function that is:

• Highly manual and inefficient — High risk when up against tight timeline
• Costly to maintain
• Prone to error
• Difficult to leverage 
• Impossible to scale

RAS Data Integration

Risk & Analytics Systems ‘RAS’ such as 20+ year-old Barclays POINT have data integration solutions that were built internally. They were purpose-built to meet specific requirements at a point in time. It made sense at the time. Vendor solutions in this space did not exist. Until now.

Business is dynamic. Requirements change as new instrument types are purchased, new funds are launched, new strategies are developed, unplanned acquisitions & divestments occur, and new systems need to be incorporated into the overall infrastructure or partially outsourced as the case can be.

Let’s face it, internally built data integration solutions quickly age and become unfit for purpose.

So, we need a solution that can keep up with the dynamics of the business and systems landscape. Remember when you used to build your own trading or portfolio accounting platform et al. You don’t do that anymore, you buy one.

Vendor based solutions cost less to maintain, offer continual maintenance and upgrades, and significantly reduce operational risk & costs.

The clock is ticking louder on Barclays POINT Migration.

IKINDI has an automated, out of the box solution to help with Quality Assurance and Validation for the historical data migration to the Point replacement system. (Go forward data too!) Value-priced and proven, IKINDI is assisting a number of blue-chip investment managers with their transition from POINT.

Our solution offers:

• • Speed. Accelerated timescale – pre-configured to get you up and running quickly –
    at low cost with minimum drain on internal resources.   

• • Consistency/Scalability. Automation allows iteration as needs/circumstances dictate with no manual processes to introduce delays and errors.

• • Flexibility.Three product offerings to fit your specific needs. Further customization available.

• Cost-Value.  Investment data management focus and fintech prowess enable time/cost efficiency, freeing up valuable internal resources.

Ensure business continuity in your POINT

data migration with IKINDI

CONTACT US for more Information and a Demo