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

Data Management Summit: Meet The Cyber Consultants

Subscribe to our newsletter
A-Team Group’s London Data Management Summit rolls into town next Thursday with a fine line-up of speakers and a showcase presenting fintech innovators that could help firms create business value from their data.

Ahead of the event, we caught up with Rupert Brown, chief technology officer at The Cyber Consultants, to discuss his views on data management problems and how they can be solved with fintech solutions.

Q: What data management problems do financial institutions have that you believe you can solve?

A: We believe we solve the problem of direct traceability from regulations and standards to the evidence that proves compliance in a standardised way even for principles-based regulations, such as General Data Protection Regulation (GDPR), BCBS 239 and the Senior Managers & Certification Regime (SMCR), where there is no standard reporting specification.

Q: Why do firms have this problem?

A: There are 2 reasons: first, until now there has been no standardised way of reporting against principles-based regulations – this is our core IP; second, responses have been typically constructed as ‘fairy stories’ made out of randomly structured ad hoc spreadsheets.

Q: How do you solve the problem?

A: We build dynamic semantically, rigorous models of arguments in pictorial form supported by a set of verification and analysis algorithms that guide users on what they need to do next and the potential areas of risk.

Q: What technology do you use?

A: We use a mixture of COTS graphical design tools and enterprise No SQL data management technologies. We can also partner with most of the new wave of GDPR driven enterprise content analysis toolsets.

Q: How do you fit into a financial institution’s architecture and data flows?

A: Typically, we connect our platform to any/all of a financial institution’s (and other sectors) information/management processing platforms wherever relevant evidence is deemed to exist to support our compliance argument models.

Q: Which emerging technologies do you see as having the most potential to improve data management and why?

A: We have still to see the proper fusion of software defined networking and data management toolsets. When you think about it, all intra and inter-company dataflows occur across a network and therefore management techniques must be derived from understanding, monitoring and controlling those flows, which does not happen today.

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

FinCEN Issues New Guidance on SARs : Less Box-Ticking, More Signal

The Financial Crimes Enforcement Network (FinCEN), together with the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC), recently issued new guidance clarifying how financial institutions should approach the filing of Suspicious Activity Reports (SARs), see Frequently Asked Questions Regarding Suspicious Activity...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...