Charles River® Development Announces Collaboration with Precisely to Incorporate Enterprise Data Governance in State Street Alpha℠ Data Platform

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Charles River Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha℠ Data Platform to provide streamlined governance, lineage, and cataloging capabilities.

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“Investment managers and asset owners continue to grapple with multiple challenges leveraging the growing volume of structured and unstructured data generated by their investment processes and external sources”

Charles River’s cloud-deployed front office technology together with State Street’s middle and back office capabilities form the foundation of State Street Alpha, the industry’s first front-to-back platform from a single provider. Alpha enables firms to gain faster risk and investment insights, better serve their clients and bring new products to market faster. State Street Alpha Data Platform, powered by the Snowflake Data Cloud, radically simplifies data management for investment firms and asset owners by enabling frictionless data access, data sharing and enterprise data management.

Data360 Govern is a data governance, catalog, and metadata management solution that provides firms with confidence in the quality, value, and trustworthiness of their data. It automates governance and stewardship tasks to help investment professionals answer essential questions about their data’s source, use, meaning, ownership, and quality and provides a seamless user experience for managing data quality and governance.

“Investment managers and asset owners continue to grapple with multiple challenges leveraging the growing volume of structured and unstructured data generated by their investment processes and external sources,” said Jeff Shortis, Product Owner, State Street Alpha Data Platform. “Partnering with innovative technology providers like Precisely enables us to accelerate time to market for new and differentiated capabilities in the Alpha Data Platform.”

“We are thrilled to partner with Charles River as they build out the Alpha Data Platform,” said Emily Washington, Senior Vice President, Product Management at Precisely. “Our technology facilitates data governance and metadata management to enable a data marketplace to help Alpha clients mature their data strategy, and ultimately build a foundation of data integrity for more confident decision-making.”

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