It’s Wednesday afternoon, sunlight is streaming through the window, and you’re finally tackling that task you’ve been putting off for days. Then – ping – an email. Subject: “Quick question, needed next week.” You already know what’s coming. Not a quick question, but a major project. Risk management urgently needs new ratings. Immediately. But IT? No capacity. You? No idea where to start. What data? How to store it? How to deliver it? What about support? A complete nightmare. But wait, there’s a solution that doesn’t have to turn into a months-long project.
Financial institutions are increasingly reliant on data feeds for risk management, compliance, and operational processes. Whether it’s market data, reference data, or risk ratings, these feeds need to be integrated quickly and flawlessly. However, in reality:
- No IT capacity: IT departments lack the time or resources to implement new data feeds quickly.
- Ad hoc solutions: Risk and compliance teams take matters into their own hands, resulting in uncontrolled data flows.
- Compliance risks: Unapproved processes threaten regulatory requirements and control.
The core problem
Implementing a new data feed may seem straightforward, but in reality, it quickly becomes a significant challenge. Without a structured approach, two critical issues arise:
- Delays due to IT bottlenecks The business urgently needs the data, yet IT has no capacity to implement it in time. Meanwhile, deadlines approach, pressure mounts, and decision-making stalls. You don’t have the luxury of waiting weeks or even months for IT to free up resources, and by then, it’s already too late.
- Decentralised solutions Without IT support, risk and compliance teams attempt to manage the data themselves. They create makeshift processes using Excel sheets, temporary scripts, and manual workarounds. This creates uncontrolled data flows that lack proper oversight. Worse still, if data vendors detect improper usage or licensing violations, back bills (late fees) can follow, resulting in unforeseen financial and compliance risks.
The result? A messy, inefficient, and high-risk environment. You want a solution that is fast, compliant, and in control, not a chaotic workaround that leads to bigger problems down the line.
The solution: a fast and streamlined approach
Rather than battling IT capacity constraints or relying on messy workarounds, BIQH provides a direct and efficient feed integration. As an approved technical facilitator of market and data vendors, we ensure a seamless process.
What does BIQH offer?
- Speed – A fully operational feed within days, with no IT delays.
- Flexibility – Direct access without the need for complex infrastructure.
- Compliance – Fully aligned with market and data standards and data licenses
- Transparency – A clear pricing model with no hidden costs.
Why is BIQH so fast?
BIQH delivers speed without compromising on quality, thanks to:
- Recognised technical facilitator – We have an out-of-the-box data model and good relationships with data vendors, enabling us to set up new data feeds rapidly.
- Cloud-native scalability – Unlike traditional market data management systems weighed down by legacy infrastructure, our highly adaptable cloud-based product is built for scalability.
- Dynamic GraphQL API – Our API structure allows new data fields to be instantly integrated into the data mode eliminating the need for additional API development.
- Advanced distribution layer – We deliver data in any required format, supporting both standard and specific output formats across multiple endpoints avoiding IT impact.
How does it work?
A financial institution requires a new data feed for risk management. Instead of waiting months for IT resources, BIQH delivers an efficient, immediate solution via the BIQH Market Data Platform:
- Direct access to validated market data.
- No complex infrastructure required.
- Supported by recognised market data vendors.
Take risk ratings, for example. Implementation typically takes weeks, but with BIQH, it’s done within days. And the best part? You don’t even need to be an existing customer. Nor do you have to overhaul your entire market data organisation. Even for a single feed, BIQH is the perfect fit, giving you instant access to everything the Market Data Platform has to offer. The only thing you need to handle? The contract work with market data vendors or rating agencies. We do the technical part. And speed, flexibility, compliance, and transparency? They apply to the quotation process too.
Conclusion
Stop struggling with IT bottlenecks and inefficient workarounds. With BIQH’s Market Data Platform, you can implement data feeds quickly, seamlessly and compliantly, without compliance risks or hidden costs.
Want to see how this works for your organisation? Get in touch!
