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

A-Team Webinar Discusses Progress in Data Lineage Implementation

Subscribe to our newsletter

The implementation of data lineage by financial institutions is making progress driven by regulations such as BCBS 239, Solvency II and the incoming General Data Protection Regulation (GDPR) that is due to take effect in 2018. It is also delivering early operational and business benefits that are expected to increase significantly as data lineage capability develops.

Progress on data lineage, regulatory drivers, approaches firms are taking to implementation, links between data lineage and governance, and potential benefits were discussed during last week’s A-Team Group webinar, How to Track Data Lineage for Enterprise Data Management. The webinar was moderated by A-Team Group editor Sarah Underwood and joined by Vikram Bellapravalu, metadata product manager at Bloomberg; Koen Van Duyse, a subject matter expert in regulatory compliance at Collibra; and Tom Dalglish, senior integration and data manager at HSBC.

An initial poll of the webinar audience asking how much progress firms have made on data lineage implementation showed 6% of firms making excellent progress with significant data lineage capability in place, 21% making good progress with some capability in place, 28% making some progress with limited capability in place, 20% planning for implementation, and 19% yet to start projects.

Discussing progress, the panel members noted that data lineage implementation is easier in smaller firms with less systems, apps and data than larger firms, and agreed that while definitions of the term differ, a good place to start when considering dynamic data lineage is to understand what the data is, where it came from, how it was derived, and how and why it has been changed over time. With strong data lineage in place, trust in risk assessments is better established and the compliance guidelines set down in BCBS 239 and Solvency II can be followed.

Looking at best practice across multiple complex systems, the webinar participants suggested the need, where possible, to establish an app inventory, identify data sources and create a metadata repository containing a dictionary of golden terms that can be used for data provenance and tracking lineage. The need to marry detailed technical lineage to lineage resulting from business processes was also noted, along with the role of data lineage as a potential first step in developing an effective data governance programme.

While a second poll of the webinar audience showed the majority of firms beginning to gain operational and business benefits from the implementation of data lineage, the webinar speakers agreed that further gains will be made as capability is developed and the challenges of orchestrating complex solutions are overcome.

To find out more about:

  • Approaches to data lineage
  • Ongoing challenges
  • Links to data governance
  • Tools to support lineage
  • Benefits of implementation

Listen to the webinar here.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

LemonEdge Seeks to Fill Tech Gap in Private Fund Accounting

As private markets and assets grow in importance to institutional investors, so are the challenges they face; not least of all their data processes. A report by Dynamo Software in February found that the biggest challenges faced by accounting professionals in private equity, venture and hedge funds were tech and data-related; manual data entry and...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...