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


Upcoming Webinar: Real world data governance – Practical strategies for data ownership

Date: 9 November 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The theories of data governance and ownership are well rehearsed. Essentially, data governance includes rules and processes that make data accurate, compliant and accessible, ensuring the right users can access trusted data as and when they need it. Data...


Bloomberg Wins A-Team Group Award for Most Innovative Data Standards Initiative

Bloomberg has won the award for Most Innovative Data Standards Initiative in A-Team Group’s Innovation Awards 2023. The awards celebrate innovative solutions, projects and teams across vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets. Bloomberg’s data standards initiative, the Financial Instrument...


TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.


ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...