China Asset Management Co. (CAMC) announced its launched NeoXam DataHub as its new Master Data Management (MDM) platform. China AMC partnered with NeoXam, a global leader in data management, reporting, portfolio management, and valuation software, in order to centralize its Instruments and business entity data across all asset classes. This deployment marks a significant step in enhancing data consistency across the organization.
NeoXam DataHub collects, cleans, manages and distributes various data sources, including Bloomberg, Wind, Caihui, Juyuan and Ysstech, providing China AMC with comprehensive data lifecycle management capabilities. The platform ensures high-quality enterprise-level underlying data with robust control over data quality and approval workflows, serving as a shared language across businesses, organizations, and systems.
By establishing accurate, unique and authoritative data sources, the DataHub helps break down information exchange barriers among various systems at China AMC, enabling underlying data to be repeatedly shared and highly reusable across multiple systems. It provides underlying support and a system framework for building a data application value chain and sustainably offers a reliable and efficient Data solution for various downstream business systems, including risk management systems and the operation department’s transaction valuation management system.
As a joint implementation of NeoXam DataHub in China done in collaboration between China AMC and NeoXam, the go-live has set a benchmark for a locally driven development model and opens significant possibilities for more joint implementations in China’s market in the future.
Tim Versteeg, managing director for APAC at NeoXam, said in a statement: “The relationship between NeoXam and China AMC dates back to 2010, beginning with the deployment of the Valuation Accounting solution NeoXam GP. In 2020, China AMC subsequently selected NeoXam DataHub as its Master Data and Transaction Management platform for mutual funds and QDII portfolios. Today, NeoXam DataHub is now expanding further to establish a centralized and consistent MDM platform within China AMC, supporting company-level data sharing. Our long-term partnership is further strengthened and NeoXam DataHub will help China AMC reduce costs and increase efficiency in Data Management, building a long-lasting partnership for continued growth and success.”