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

How to Transform Data Governance by Redefining and Reskilling the Organisation

Subscribe to our newsletter

By Dennis Slattery, CEO, EDMworks

Change is constant and unrelenting, and the causes are many and varied: challenger banks, fintech, regtech, cost pressure, cryptocurrencies, regulation and emerging technologies are just a few examples, with many more on the horizon.

Organisations have to deal with change, so how can they do this and what is the best approach?

All financial services companies have data at their heart. The approach to dealing with change has to ensure that curation and use of data is improved and the value of data to the organisation and its customers is increased over time.

Tactical approaches generally fail to increase the value of data to the wider enterprise. In fact, tactical approaches often diminish value by creating duplication, which in turn creates doubt and lack of trust in data. Trust is the foundation of any financial firm, so loss of trust is a serious matter.

Data is of systemic value to an organisation, requiring an approach to managing data in response to a series of internal and external changes to also be systemic. In EDMworks’ latest white paper, ‘Transform your Data Governance by Redefining and Reskilling the Organisation’, we explore the challenges facing organisations, share new insights into data, and describe how organisations need to adapt systemically, at all levels. In this way, managing data becomes part of the DNA of the company and an intrinsic part of its culture and processes.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

A-Team Launches Inaugural AI in Data Management Summit New York City

Artificial intelligence-led applications offer financial institutions the potential to do more with their data at a time when increasingly complex economic and geopolitical influences place extraordinary operational pressures on them. The technology is now being applied to all parts of an organisation, from asset and risk management to customer relationship management and regulatory compliance. A...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Impact of Derivatives on Reference Data Management

They may be complex and burdened with a bad reputation at the moment, but derivatives are here to stay. Although Bank for International Settlements figures indicate that derivatives trading is down for the first time in 10 years, the asset class has been strongly defended by the banking and brokerage community over the last few...