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

Making the Case for Master Data Management

Subscribe to our newsletter

Master data management (MDM) is not a new concept for capital markets participants, but it can be an effective approach to data management when financial institutions face rising costs of ingesting, holding and using data, or when they restructure. Its benefits include streamlining workflows, reducing input error, lowering costs and unlocking the full value of data.

The challenges and opportunities of MDM are set out in a recent white paper – The Business Case for Master Data Management Transition Within Financial Institutions – published by A-Team Group and sponsored by Semarchy, provider of a unified data platform supporting MDM, applications data management, collaborative data governance, and data integration solutions.

The paper notes the role of MDM in ensuring the creation of a “single source of truth” of information for banks and financial institutions that not only means the data remains intact, but also makes it available and useable across the enterprise.

Considering why financial institutions need MDM it touches on: cash flow, MDM helps firms more efficiently monetise their data; compliance, assurance that all financial data conforms to compliance mandates; consolidation, combining data streams improves management of customer, partner, product and asset data; and clean data, presented as a single source of truth can underpin clear action.

On a wider scale, MDM can help firms meet expanding demand for access to high-quality data, and respond quickly to changing business demands while ensuring the integrity of the data will remain intact.

Moving on from the discussion of why a transition to MDM may be needed, the paper sets out a five step journey to success. Briefly, you can read more here, the steps comprise: identifying opportunities for MDM; creating a business case; building a governance plan; reviewing of current and future state architecture; and deploying, testing and reviewing the new setup.

In conclusion, the white paper acknowledges that there will be challenges in transitioning to MDM, but there will also be proven benefits of better operational effectiveness, greater efficiencies, reduced costs, and additional revenue generation.

Subscribe to our newsletter

Related content


Recorded Webinar: How to harness the power and potential of ownership data

The importance of ownership data has escalated over the past few years as financial institutions have acknowledged its potential. Key use cases include integrated risk assessment, which uses ownership data to help financial institutions gain a clear understanding of supplier and customer networks, and identify and mitigate risk. Equally significant is the use of ownership...


Challenges and Opportunities of Internal Self-Service Data Solutions

The concept of internal self-service data solutions is gaining traction as financial institutions and corporations see value in the data sets they generate through their business activities. That said, harnessing the data to provide valuable insights for internal business teams can be a challenge. One approach is to adopt a self-service data delivery model that...


RegTech Summit New York

Now in its 6th 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.


Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...