Data Powerhouse

Spearheaded by the European Central Bank, supported by the structured finance industry and designed and built by Sapient Global Markets, the European DataWarehouse was born from the need to improve transparency and restore investor confidence in the European securitization market after the 2007/2008 economic crisis.

With ongoing support from Sapient, the European DataWarehouse continues to serve as a single, centralized database that:

  • Provides market transparency and timely access ABS deal, bond and loan-level performance
  • Brings standardization and consistency to ABS-level data—and improving access to that data—for investors and other interested parties
  • Supports the European Central Bank’s risk, collateral, compliance and statistics management objectives for structured finance within the Eurosystem

Good? Keep Getting Better

Sapient designed the European DataWarehouse as a web- and standards-based solution. A key element is its “Edwin” software that validates, stores and reports on ABS loan-level performance data.

Edwin also enables integration with third-party software systems—empowering data providers, originators, issuers and servicers to process, submit and verify loan-level performance data for assets being used as collateral under the European Central Bank Repo System.

Once transactions are available, all market participants—the investor community, data providers, traders, ratings agencies and regulators—can retrieve details about specific ABS deal and their underlying collateral pool.

As an enhancement, Sapient delivered a desktop solution. Data providers use it to prepare, validate and submit loan-level performance data to the repository; the solution makes it easy for users to access that information from their desktops.

Ticket to Ride

Working with Sapient, the European DataWarehouse recently reviewed its core IT platform. A team of Sapient experts explored hybrid cloud models and private cloud models. Ultimately, they identified a technology architecture with an optimal infrastructure hosting model that uses a hybrid cloud to deliver the IT roadmap in a cost-optimized way.

The Final Output:

A comprehensive roadmap of application and infrastructure enhancements.

The Best Part:

These enhancements are projected to deliver 30% in operational cost savings.

That means the improvements can be largely self-funded through a move to a hybrid cloud platform leveraging Amazon Web Services (AWS) alongside the existing VMware platform.

A migration to a hybrid cloud would be one of the most significant improvements to date—demonstrating how cloud can not only fuel but also help fund major application and infrastructure enhancements.