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Golden Copy Management for Trusted Financial Data
Create, control, and maintain a single, reliable version of your critical data across all systems, desks, and reports, with industrial-grade Golden Copy Management in NeoXam DataHub.
Golden Copy Management in NeoXam DataHub
Golden Copy Management is the process of consolidating data from multiple providers and internal sources into a single, trusted version that your entire organization can rely on. In financial institutions, this is essential for reducing inconsistencies, limiting operational risk, and meeting regulatory expectations for data quality and transparency.
NeoXam DataHub is designed as a centralized Master Data Management system that builds a “single point of truth” using configurable rules and automated workflows, bringing data together from multiple providers, business lines, and domains such as Security Master, Pricing, Entities, Index & Benchmark, and Funds & Mandates.
For a broader view of NeoXam’s architecture and modules, visit the DataHub Overview.
What Is a Golden Copy?
A Golden Copy is a complete, reliable data set that represents the definitive version of a data entity within your organization. It is constructed by consolidating and reconciling data from multiple sources, applying prioritized rules, and resolving conflicts to produce a single, authoritative record.
In NeoXam DataHub, Golden Copy Management is part of an integrated Data Management Process that spans:
- Data Acquisition
- Normalization
- Validation
- Derivation
- Golden Copy Creation
- Distribution
Why Golden Copy Data Management Matters
Single Version of Truth Across the Enterprise
With multiple data vendors, internal systems, and regional variations, it is easy for discrepancies to arise between front-office, risk, accounting, and reporting systems. Golden Copy Management ensures:
- A single version of all data entities across the organizational ecosystem
- Consistent reference data used for trading, risk calculations, NAVs, and reporting
- A clear, governed process for how data is prioritized and chosen as “final”
Lower Operational Risk and Fewer Breaks
By standardizing how data is consolidated and ranked, DataHub reduces:
- Manual reconciliation efforts
- Inconsistent values across systems
- Operational incidents due to wrong or outdated data
This directly supports data quality initiatives and reduces operational risk.
Compliance and Audit Readiness
Regulators increasingly expect firms to demonstrate how data used in reports and calculations is sourced, validated, and selected. A clearly defined Golden Copy process provides:
- Documented rules for prioritization and selection
- Clear traceability from raw vendor data to final golden records
- Alignment with robust Audit Trail and Traceability features in DataHub
Read more about Audit Trail and Traceability to see how history and decisions around Golden Copy selections are fully logged.
How NeoXam DataHub Creates the Golden Copy
Configurable Golden Copy Modeling
DataHub allows you to design configurable, complex rules that define how a complete and reliable Golden Copy is constructed for any type of data. Key elements include:
Ranking Mechanism
Define prioritization rules between providers (e.g. Vendor A over Vendor B) or between internal and external sources.
Composite Value Creation
Build a single field from multiple inputs, such as combining vendor data with internally derived fields according to business rules.
Single or Multiple Golden Copies
Maintain one or more Golden Copies for different purposes (e.g. risk vs accounting views), while still ensuring consistency and control.
From Raw Data to Golden Copy
Golden Copy Management relies on the upstream processes in DataHub:
1. Data Acquisition
DataHub connects to major data vendors (e.g. Bloomberg, Refinitiv, SIX, Morningstar, ICE) and internal sources, across multiple formats and protocols such as CSV, XML, JSON, files, messages, APIs, and direct DB connections.
2. Normalization
Vendor-specific formats and codes are unified into a common, normalized model, using a configurable, no-code mapping tool.
3. Validation and Data Quality Checks
Data is cleansed and checked via advanced, automatic quality controls, exception workflows, and data quality reports, ensuring that only valid data is considered for Golden Copy construction.
4. Derivation and Transformation
DataHub’s derivation engine lets you compute custom values and classifications through scripting rules, applied in real time to enrich data before it becomes part of the Golden Copy.
5. Golden Copy Creation
Configurable ranking and composite rules produce the final Golden Copy, which acts as the definitive source of data in your ecosystem.
Distribution of the Golden Copy
Once the Golden Copy is defined, DataHub supports efficient data distribution to downstream systems and consumers:
- Export in snapshot mode (full relevant dataset) or delta mode (only changed data since the last export)
- Use different channels: files, databases (SQL), message queues, APIs, or cloud destinations
- Configure distribution mappings via the same no-code mapping tools used for acquisition, including transcoding and transformation features for complex targets
More details on distribution options are available in the Data Distribution section.
Functional Capabilities Supporting Golden Copy Management
Golden Copy Management is not isolated; it is tightly integrated with core DataHub capabilities:
Data Stewardship and Administration
Data stewards can view, modify, and override data under controlled workflows, with n-eyes validation and full audit trail of how changes affect the Golden Copy. See the Data Stewardship and Administration page for more.
Bi-Temporality (AsAt–AsOf)
You can reconstruct the Golden Copy as it was valid at a given effective date, or as it was stored in the system at a given observation date, enabling accurate historical reconstruction and reporting.
Entitlement Management
Access to view or modify Golden Copy content is controlled with granular entitlements on data, processes, and actions, integrated with external authentication where needed.
Typical Use Cases for Golden Copy Management
Security Master Data
Consolidating multiple vendor feeds into a consistent security reference dataset used by front, middle, and back office.
Pricing and Valuation
Building a reliable pricing Golden Copy from several price sources, according to configured fallback and ranking rules.
Index and Benchmark Data
Managing benchmarks and indices as structured components with consistent weights, valuations, and rebalancing rules.
Funds & Mandates
Providing a single, coherent model of funds, share classes, and NAV history across all systems and reports.
Turning Multiple Feeds into One Trusted View
Golden Copy Management in NeoXam DataHub transforms a complex landscape of vendors, internal systems, and business lines into a single, trusted view of your data. Through configurable ranking rules, composite value creation, strong validation, and controlled distribution, DataHub ensures that every system consumes consistent, high-quality data.
By combining Golden Copy Management with robust Audit Trail, Bi-Temporality, and Data Stewardship capabilities, DataHub offers a complete, governed approach to enterprise data management.
You can continue exploring the platform via the DataHub Overview, or learn how Golden Copy Management supports your reporting and control framework in Regulatory Reporting.
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