Luxoft and GoldenSource Announce Alliance to Accelerate the Delivery of Enterprise Management Data to the Financial Industry

LONDON, UK –
EQS�- 17 July 2019 - Luxoft , a DXC Technology company (NYSE:
DXC), has formed a global alliance with GoldenSource, a global software company
in the enterprise data management industry.

The alliance
makes Luxoft a preferred implementation and business development partner for
connecting banks, brokers, investment managers and capital markets service
providers with GoldenSource’s platform.

GoldenSource’s
Enterprise Data Management & Master Data Management platform enables firms
in financial markets to effectively control their mission critical data. This
in turn helps them manage risks, comply with regulatory requirements, and
control costs in the middle and back office with a trusted source of complete,
consistent information. The platform sources, standardizes, validates and
delivers mission critical market, reference, customer, position and transaction
data to the people and systems that need it, such as trading, compliance, risk
management, settlements and accounting.

“We are very
pleased to have advanced our relationship with GoldenSource. With regulations
such as SFTR and FRTB approaching, along with LIBOR Transition, it is vital for
financial firms to have accurate, consistent, and transparent data,” said
Pierre Castagne, global head of Alliances, Luxoft Financial Services. “This
alliance follows Luxoft and GoldenSource’s success at delivering data
management transformation projects at several global organizations, where
together, we’ve replaced aging in-house data infrastructure, and unlocked
business agility and cost savings through improved data quality and data
governance.”

“With
Luxoft’s advanced integration capabilities and global reach, GoldenSource’s
proven data management solutions, and our shared vision of delivering financial
services transformation programs, this alliance is perfectly timed to help
Financial Services firms adopt the data infrastructures and operating models
essential to thrive in a demanding period of cost reduction and regulatory
pressures,” said John H. Eley, CEO, GoldenSource.

About GoldenSource

GoldenSource’s
software, services and expertise enables firms in the financial markets to
manage risks, comply with regulatory requirements, and control costs in the
middle and back office with a trusted source of complete, consistent
information. Its products source, standardize, validate and deliver mission
critical market, reference, customer, position and transaction data to the
people and systems that need it, such as trading, compliance, risk management,
settlements, and accounting. GoldenSource provides automated, enterprise-level
processing delivered through a single hosted or on-premise platform, to achieve
the highest levels of data quality and operational efficiency. For more
information, visit www.thegoldensource.com.

About Luxoft

Luxoft, a
DXC Technology Company (NYSE: DXC), is a digital strategy and software
engineering firm providing bespoke technology solutions that drive business
change for customers the world over. Luxoft uses technology to enable business
transformation, enhance customer experiences, and boost operational efficiency
through its strategy, consulting, and engineering services. Luxoft combines a
unique blend of engineering excellence and deep industry expertise,
specializing in automotive, financial services, travel and hospitality,
healthcare, life sciences, media and telecommunications. For more information,
visit http://www.luxoft.com.