Typical Reference Data Usage (Compliance) Challenges
- Do you have insights and understand reference data vendors' legal frameworks that dictate how data can be used and distributed?
- Are you able to identify how reference data flows into and within your organization?
- Can you ensure that reference data usage is compliant to licensing agreements?
- Do you spend a lot of time compiling usage reports for audit requirements?
XMon is a software solution that helps Market Data and Data Operations teams establish proactive control, transparency and governance over reference data usage, spend & compliance. Wonder how?
How XMon can help you to ensure reference data usage compliance (some examples)
- Understand and validate commercial models
- Create dynamic data access rules per data consumer to ensure only users with the right to access specific data will be allowed to do so
- Modify data requests to make sure they are compliant by removing non-compliant attributes before sending the request to the source
- Generate audit and compliance usage reports in a mouse-click
With XMon as your reference data usage management software solution, you will achieve cost efficiencies, streamline data access and ensure usage compliance. (Also check our blog: Mastering Reference Data Management: Tips for Success)