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Goldman Sachs, J.P. Morgan, Morgan Stanley form consortium for reference data: private banks targeted

Two weeks after global American banks Goldman Sachs, J.P. Morgan and Morgan Stanley launched a company with SmartStream Technologies to clean reams of reference data at a lower cost, the external vendor outlines the importance for private banks to outsource its data utilities. “International Tier 1 private banks such as Credit Suisse, Standard Chartered Bank and Barclays will have many…

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