Annaly Capital Management, Inc. Announces Strategic Enhancements to Technology Platform through Implementation of CuriumEDM
May 01 2019 - 4:20PM
Business Wire
- Annaly recently implemented
CuriumEDM as a master data management (“MDM”) solution in
connection with its continuing initiative aimed at streamlining and
improving data flow across the Firm’s existing technology
platform
- MDM will enhance data quality
controls through validation, reconciliation, and mastering of key
data sets
- Represents Annaly’s latest
investment in new technologies, including proprietary applications,
to support business analytics, investment decision making and its
best-in-class operating platform
Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the
“Company”) and Curium Data Systems (“Curium”) today jointly
announced that Annaly has successfully implemented CuriumEDM as
part of its multi-phased technology initiative focused on driving
operational efficiencies and promoting transparency across its
diversified operating platform.
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the full release here:
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“Annaly recognizes that master data management is fundamental to
data quality control,” said Don Choe, Chief Technology Officer at
Annaly. “We evaluated numerous MDM products and vendors and chose
CuriumEDM for the product’s flexible architecture, ease of
integration and well-established reputation with their clients.
Utilizing industry-leading technology like CuriumEDM as a
complement to Annaly’s proprietary application development enables
us to continue to improve operations, increase efficiency and
reduce costs.”
Mat King, Head of Implementations at Curium Data Systems, said,
“Annaly’s focus on technology and MDM provided us with a great
opportunity to demonstrate the configuration flexibility offered by
the Curium platform.” King added, “CuriumEDM is a state-of-the-art
system that allows users to implement high levels of control and
quality management over key data sets. While Annaly’s requirements
were complex, together we were able to develop a comprehensive
solution to meet their needs, positioning both companies for
continued success in the future.”
About Annaly Capital Management, Inc.
Annaly is a leading diversified capital manager that invests in
and finances residential and commercial assets. Annaly’s principal
business objective is to generate net income for distribution to
its stockholders and to preserve capital through prudent selection
of investments and continuous management of its portfolio. Annaly
has elected to be taxed as a real estate investment trust, or REIT,
for federal income tax purposes. Annaly is externally managed by
Annaly Management Company LLC. Additional information on the
Company can be found at www.annaly.com.
About Curium Data Systems
Curium Data Systems Limited is a specialist software application
provider within data management. Based in London, it is dedicated
to delivering market leading solutions to the global financial
services industry. With a proven track record of successful project
delivery, extensive experience in data management and an in-depth
understanding of the business operating models within financial
services, Curium Data Systems can help firms maximise the benefits
of complex financial data quality management. ‘Curium’ is a
registered trademark of Curium Data Systems Limited.
Forward-Looking Statements
This news release and our public documents to which Annaly
refers contain or incorporate by reference certain forward-looking
statements which are based on various assumptions (some of which
are beyond Annaly’s control) and may be identified by reference to
a future period or periods or by the use of forward-looking
terminology, such as “may,” “will,” “believe,” “expect,”
“anticipate,” “continue,” or similar terms or variations on those
terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due
to a variety of factors, including, but not limited to, changes in
interest rates; changes in the yield curve; changes in prepayment
rates; the availability of mortgage-backed securities and other
securities for purchase; the availability of financing and, if
available, the terms of any financing; changes in the market value
of Annaly’s assets; changes in business conditions and the general
economy; Annaly’s ability to grow its commercial real estate
business; Annaly’s ability to grow its residential mortgage credit
business; Annaly’s ability to grow its middle market lending
business; credit risks related to Annaly’s investments in credit
risk transfer securities, residential mortgage-backed securities
and related residential mortgage credit assets, commercial real
estate assets and corporate debt; risks related to investments in
mortgage servicing rights; Annaly’s ability to consummate any
contemplated investment opportunities; changes in government
regulations and policy affecting Annaly’s business; Annaly’s
ability to maintain its qualification as a REIT for U.S. federal
income tax purposes; and Annaly’s ability to maintain its exemption
from registration under the Investment Company Act of 1940, as
amended. For a discussion of the risks and uncertainties which
could cause actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” in Annaly’s most
recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q. Annaly does not undertake, and specifically
disclaims any obligation, to publicly release the result of any
revisions which may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements, except as required
by law.
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Annaly Capital Management, Inc.Investor
Relations1-888-8Annalywww.annaly.com
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