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

Silwood Offers Safyr Metadata Discovery Software to Support GDPR Compliance

Subscribe to our newsletter

Silwood Technology, provider of Safyr metadata discovery software, has turned its attention to how firms running vendor application packages can meet the May 25, 2018 compliance deadline for General Data Protections Regulation (GDPR).

The company has researched five large and widely used application packages – SAP, JD Edwards, Microsoft Dynamics AX 2012, Siebel and Oracle E-Business Suite – to determine how difficult it will be to identify personal data in the applications (rather than databases) as required by GDPR. The terms data of birth and social security number were selected for research purposes, although many other elements of personal data could be used, and searches were performed to see how often they appeared. Safyr retrieves metadata about each application from the application layer, including any customisation, and can return searches in a few minutes.

Silwood’s research looked at several instances of each package to provide an indication of how many occurrences of each personal data field might be found in a typical system. By way of example, it found there are typically more than 90,000 tables in a SAP ERP system and over 900,000 fields. Social security number appeared in over 900 tables and date of birth in over 80 tables.

Nick Porter, founder and technical director at Silwood, points out that less than 1% of a typical SAP system contains personal data, but it could cause GDPR data breaches costing an organisation up to 4% of its annual turnover. While some firms are approaching the discovery of personal data manually, Porter argues that at this stage in the GDPR game, automation is the only way to reach compliance on time.

He says: “Silwood and Safyr are a small, but important part of GDPR compliance. The market is short on data discovery tools, which are often the elephant in the room, but we bring automation to identifying personal data, not just for GDPR, but for programmes that need to govern data but must first find the data.”

Safyr acts as a repository of metadata from a vendor package and identifies where the data is in the system. With the data discovery task done, Silwood exports the metadata to partners and resellers offering data analysis and governance for GDPR. These include ASG Technologies, IBM, Adaptive, Datum and Erwin, many of which use Safyr as a scanner for personal data embedded in vendor application packages.

Silwood has also released a Safyr GDPR Starter Pack for SAP users trying to find personal data in their ERP systems and will soon release a starter pack for JD Edwards. Starter packs for the other vendor applications mentioned above are in development.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

Introducing Market & Alt Data Insight: Advancing the Industrialisation of Data in Financial Markets

Financial markets are entering a new phase in the evolution of data. Data has always underpinned trading and investment workflows. What has changed is the scale, diversity and strategic management of that data across the enterprise. Traditional market data, alternative signals, derived datasets and AI-generated features now sit on the same operational continuum. The strategic...

EVENT

RegTech Summit New York

Now in its 9th 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.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...