Tech Mahindra Launches Data Platform
Data services provider Tech Mahindra has launched Managed Data Services (MDS), a new data platform, and signed UBS Fund Services, a Luxembourg-based unit of UBS, as the first user of the platform, according to Jonathan Clark, head of financial services at Tech Mahindra.
Tech Mahindra built MDS based on UBS's own in-house Instrument Data Management (IDM) platform, which the bank had been looking to monetize, adds Clark. Tech Mahindra successfully bid to acquire the platform after showing UBS that
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