Professional Documents
Culture Documents
• Limit data: Multiple systems, like the loan system and trade finance
system may both check overall limits available for the user before
granting a loan or accepting a letter of credit application. Loan
applications and trade finance applications would both utilize the
overall limit available for the customer.
• MDM refers to a system which maintains the master data. This can
be considered as the
system of records as far as specific master data is concerned. For
example, CIF (Customer Information File) system could be
considered as the MDM system for customer data. This is the system
which would provide the user interface to add, maintain and delete
master data and also provide access or replication services to other
systems that require this data.
• Processing system refers to the system which uses the master data.
A loan system which uses customer master data would be referred
to as the “processing system” for the customer data. A processing
system could either use master data directly or use a copy of the
subset of the master data.
• The MDM system exposes services to access the master data. These
services could be exposed through multiple mechanisms including
web services. Authentication and authorization mechanisms need to
be built to guard the master data.
Practical considerations
Irrespective of the approach taken, there are certain practical
considerations:
Conclusion
Master Data Management is a set of technologies related to
management of data used by multiple systems and this is required for
consistent interactions between various systems used within the
institution and in external entities. Typically, master data management
is carried out using a combination of integration and synchronization
References
1. ‘Master Data Management: An Introduction’ by Martin Oberhofer,
Allen Dreibelbis, Eberhard Hechler, Ivan Milman, Paul Van Run,
Dan Wolfson, July 2008
2. ‘Master Data Management: What it is and Why you should Care’,
Paper ET-08 by John E.Bentley, Wachovia Bank, Charlotte NC,
2008
Deepak Hoshing
AVP and Head – Architecture
Finacle
Infosys Technologies Ltd.
Sriramkumar Voona
Project Manager
Finacle
Infosys Technologies Ltd.