Oracle Customer Success — MDM Compliance Systems Ltd

MDM Compliance Systems Ltd

MDM Compliance Systems Drives Business Growth with Oracle Cloud

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We chose Oracle for its scalability, flexibility, and reliability, as well as its strong reputation in the financial services sector. Speed of deployment was also critical, and by choosing Oracle Application Express and hosting in the Oracle Cloud, we were up and running within just a couple of months.

— Mark Martin, Managing Director, MDM Compliance Systems Ltd

MDM Compliance Systems Chooses Oracle to Rapidly Bring New Product to Market, with Minimal Cost of Ownership, and Maximum Flexibility and Scalability

MDM Compliance Systems (MDM) is a rapidly expanding business with a niche product for automating share disclosure in the financial services sector. All financial services and investment companies have to disclose details of their shareholdings on a daily basis, complying with 400 rules set by 90 different regulatory bodies. Non-compliance can result in multi-million dollar fines.

Having identified a gap in the market, MDM built a share disclosure rules engine using Oracle Database. MDM worked with Oracle Partner Explorer to develop a user interface using Oracle Application Express (APEX), and opted to host the new service in the Oracle cloud. MDM is now taking its new service to the global financial services market. It expects to grow the business tenfold over two years.
 

 
Challenges
  • Develop a customer-friendly user interface for MDM’s shareholding and disclosure rules engine, enabling customers to combine daily market, company, and trading data to calculate percentage shareholding on a daily basis, to comply with financial regulations
  • Host the shareholding and disclosure service in a cost-effective, flexible, and secure way to offer the service to an increased market, with the aim of growing MDM’s business tenfold within two years
  • Bring the new service to market quickly, to meet growing market demand for a reliable, cost-effective, and highly secure way to help financial customers meet their global shareholding disclosure requirements
Results
  • Developed a user interface for MDM’s shareholding and disclosure product within just eight weeks, using Oracle APEX, to quickly bring MDM’s service to a broad and global financial services market
  • Built and hosted the service using Oracle Platform as a Service and Oracle Infrastructure as a Service, enabling rapid time-to-market and significantly reducing the cost of ownership compared to an equivalent on-premises solution
     
  • Deployed Oracle Database Cloud Service and Oracle Compute Cloud Service within two days compared to two months for an on-premises solution, at one tenth of the overall set-up cost
  • Chose Oracle to provide the stable, scalable, and secure application and database platform upon which to build a new market offering, designed to meet the stringent security requirements of the financial services industry
  • Brought the new self-service shareholding and disclosure system to market quickly to help the business meet its ambitious growth target to grow tenfold over two years
  • Provided reassurance to large financial institutions that the systems they are using are highly secure and meet all backup and disaster recovery requirements, with Oracle’s hosted cloud replicated in different geographical locations
  • Used complex algorithms combining daily market, company, and trading data to calculate percentage shareholding on a daily basis, helping investment and asset managers to ensure they remain compliant with global financial regulations at all times
  • Enabled MDM to offer a rapid set-up and a service tailored to its individual customers’ requirements, priced according to how much data they have and how much computing power they require in the Oracle Cloud to undertake their daily shareholding calculations
  • Worked with Oracle Partner Explorer to undertake the Oracle APEX development, as well as provide a fully managed service offering for the Oracle Cloud, delivering both expertise and reassurance to financial services customers

 

We created our rules engine using Oracle Database Cloud, and Oracle Application Express was the perfect choice for the new user interface. Oracle is well respected within the financial services industry and no other cloud service could provide the security, reliability, and reassurance our clients require.

— Mark Martin, Managing Director, MDM Compliance Systems Ltd

About MDM Compliance Systems Ltd

Headquarters

 
Sandy, United Kingdom

MDM Compliance Systems specializes in interpreting global regulatory disclosure rules for finance and investment companies. The company provides MDM Shareholding and Disclosure System, an automated monitoring solution for financial institutions that are required to disclose details of shareholdings to financial regulators, ensuring that they always remain fully compliant with world-wide disclosure rules. Customers include investment banks, asset managers, and investment managers across the globe.
 

Partners

MDM Compliance chose Oracle partner Explorer to develop the user interface using Oracle Application Express. Explorer helped MDM to consider hosting options, and provided a detailed cost analysis of on-premises versus cloud deployments.

MDM chose a full managed service from Explorer, to look after maintenance and development on the Oracle APEX interface, and also to deliver a managed service for all hosting in the Oracle Cloud.

“We selected Explorer for its depth of experience in Oracle Application Express and its large team of experts. With the managed service, we don’t need to worry about day-to-day hosting or maintenance. We have a great relationship with Explorer, the team really understands and supports our business.”
Mark Martin, Managing Director, MDM Compliance Systems Ltd

Published:  Jan 13, 2017