About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Keep Your Data Vendors Close and Your Users Closer, Deutsche Bank EDM Head Says

Subscribe to our newsletter

Success in enterprise data management (EDM) programmes is dependent on education – of internal users, of data vendors and of the EDM team itself. So said Jim McCarthy, EDM programme manager at Deutsche Bank, speaking at FIMA 2007 in London earlier this month.

β€œIt’s a constant for us to ensure we can describe our data, that people understand what we have and how to use it, and that they have tools to easily use it, where possible in a self-service way,” he told delegates. β€œA lot of the issues we face are due to users having ready access to data but finding out further down the line that there is a vendor or set of attributes that could have better fulfilled their purpose.”

A firm’s relationship with its data vendors should be one of mutual education, he suggested. β€œWe have built up very strong relationships with our data vendors,” McCarthy added. β€œWe meet regularly. We educate them, they educate us. We make sure we are clearly in line with product releases and that we understand the impact of any changes on our users. And we make sure the data metrics we have created are clear to our vendors.” There is also a focus on ensuring these metrics are β€œpushed through to our users, so people have transparency on how data quality is achieved”, he continued.

McCarthy told the FIMA audience that β€œmaintaining good working relationships with operations is vital”. β€œWe need to understand how our data flows through their systems.” Under the auspices of the bank’s EDM programme – run by a steering committee that prioritises work and co-ordinates the management of larger change programmes while accommodating with the rapid time to market demands of tactical pieces of work – an effort has been undertaken to identify strategic projects within business lines β€œwith a strong reliance on the quality of our data”, he said. β€œOnce we identify a service with a dependency, we use our reporting to track the external and internal performance of our group and vendor groups,” he added, warning: β€œNone of this works unless you can start to show value.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to organise, integrate and structure data for successful AI

25 September 2025 11:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are...

BLOG

Zema Global Chief Girds for Soaring Demand for Energy Data

Since its acquisition of Morningstar’s commodity information business late last year, energy industry intelligence provider Zema Global has become an important data feed for financial institutions that invest in the net-zero transition and to those trading in renewables, biofuels and fossil fuels. The transaction was a prescient one. While the Colorado, US-headquartered company has been...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...