Opinion: The Digital Data Navigator (Dat Nav?) Era – Part 2
Nick Jones, Senior Consultant, Citisoft PLC. This section looks ahead to see if there are lessons from the age of digital cartography to provide insights into how data management and navigation might develop in the next few years. The Digital Divide Financial services organisations and their suppliers are still struggling to produce the data equivalent...
Talking Reference Data with Andrew Delaney: A New Kind of Single Source of the Truth
I’ve been struck in recent months by the changing attitudes within our marketplace to the concept of a golden copy, or single, accepted source of the truth as far as reference data is concerned. The industry seems to be moving away from established principles of on-site enterprise data management, most visibly – noisily, perhaps? –...
Opinion: Data Management – Taking the Bus Without a Map?
Nick Jones, Senior Consultant, Citisoft PLC. The first maps were probably scratched with sticks on the ground for people from the same locality who knew the surrounding area. Now when travelling we use satellite navigation. But when navigating data it feels as if we are still scratching around. We use electronic documents, not sticks, but...
CounterpartyLink Adds Risk Screening to Legal Entity Information Service
CounterpartyLink has augmented its legal entity and counterparty intelligence service through a partnership with RDC, a provider of risk and compliance data for Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, Politically Exposed Persons protection, corruption, fraud and crime protection, vendor screening and monitoring, and credit risk monitoring. The partnership is a response to...
Data Management Summit: Building a Flexible Enterprise Architecture
Flexible data architecture has become essential to financial institutions seeking to respond quickly to both market opportunities and challenges, but it can be difficult to build. Experts on the subject convened at A-Team Group’s Data Management Summit for a panel discussion covering the problems inherent to developing flexible enterprise data infrastructure, as well some solutions....
Data Management Summit: Meeting Management Demand for Enterprise and Risk Analytics
Regulation is driving many data management projects in financial firms, but when tactical projects morph into strategic approaches to enterprise data the requirements of senior management for enterprise and risk analysis can begin to be fulfilled. Leading a panel discussion entitled Reporting for the C-Suite: Data Management for Enterprise and Risk Analytics at A-Team Group’s...
Data Management Summit: IBM and GoldenSource Unveil Reference Data Utility Solution
IBM used its participation in A-Team Group’s Data Management Summit last week to unveil details of its partnership with GoldenSource to deliver a reference data utility. The partners are running the GoldenSource enterprise data management (EDM) platform in the IBM cloud to provide the utility and are talking to prospective clients that are considering the...
Data Management Summit: UBS’s Brown on Creating a Data Map of the Financial Enterprise
Rupert Brown, lead architect in the office of the CTO at UBS Investment Bank, opened the A-Team Group Data Management Summit with a keynote presentation covering the creation of a data map for a financial enterprise. Taking a traditional map as his starting point and later touching on the topographical nature of the London Underground...
Euroclear Bank and SmartStream Build Out Central Data Utility
When Euroclear Bank and SmartStream joined forces in November 2012 to deliver a centralised reference data utility, many financial services firms were beginning to realise the need to improve data management and deliver higher quality data at a lower cost. Fast forward two years and the pressure to review and renew failing data management models...
Managed Reference Data Services – Are Utility Models the Way Forward?
The combination of cost, complexity and compliance are driving managers of reference data to examine new delivery models that avoid the duplication, manual intervention and expense of current business methods. But is a utility or managed service provider the best way forward? From recent industry conversations, not only do many believe it is, but are...