iGATE secures largest outcomes-based contract with UBS

BANGALORE, INDIA: iGATE Corporation, the first Integrated Technology and Operations (iTOPS) company providing Business Outcomes-based solutions, announced that it has secured a major contract with global financial services firm UBS AG.

UBS currently has a landscape with multiple technology systems and operations across multiple vendors supporting instrument reference data management. Under the terms of the contract, UBS will migrate towards a globally managed service for instrument reference data mastering across all asset classes, operated by iGATE.

iGATE will consolidate multiple technology systems onto the Markit Enterprise Data Management platform and transform the operations using its iTOPS framework. This strategic initiative has significant benefits for UBS including improved standardisation, reduced risk, operational complexity and cost. iGATE has partnered with Markit to drive standardization in the industry by providing a similar managed service to other institutions.