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

Virginie’s Blog – In Need of the Data Management Avengers?

Subscribe to our newsletter

Another interesting topic from last week’s FIMA conference was the discussion about how to ensure the profile of the data management function is sufficiently recognised as important, both within financial institutions – by the board and the business users downstream – and within the industry at large. The data management challenge may have been thrown into the spotlight by recent regulation and incoming data quality requirements, but is the industry in need of a champion to light the way?

Internally, there is no doubt that data management teams with a champion willing to fight their corner with regards to budget and scope tend to succeed where others may fall by the wayside. After all, many a FIMA panellist has spoken of such ‘data Rambos’ with some degree of reverence over the years. Strategic positioning and vision has also helped the recent legal entity identification (LEI) work get off the ground in regulatory circles. But, as noted by a number of delegates and panellists last week, there is no crack team of chief data officers out there to champion the interests of the data management industry.

Does the industry need such a team? If so, whom should they be comprised of and how should they go about delivering the message to the wider financial services industry at large? One also needs to factor in the day job, which leaves limited time for data crime fighting outside of their own firms. Nevertheless, many I spoke to were adamant that such a team should be made up of practitioners rather than those that are one step removed from the industry.

Perhaps next year’s event circuit will see such a team emerge from the back office, in the meantime we’ll have to rely on the silver screen for inspiration.

I know who I’m voting for as the data management versions of the Hulk, Thor and Captain America… http://www.youtube.com/watch?v=eOrNdBpGMv8

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Taking a holistic approach to buy-side data management

Date: 7 February 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes As data volumes and complexity continue to increase, buy-side data management is at an inflection point. Manual processes and data siloes are no longer fit for purpose, and firms need to take a more holistic approach to data management...

BLOG

Business Identity in the Digital Economy: A Global Problem Needs a Global Solution

By Stephan Wolf, CEO of the Global LEI Foundation. Businesses today face significant pressure to go digital. Government and private sector organisations around the world are racing to digitise processes, products, and services – even national currencies – to remove friction, save money, streamline operations, and improve user experiences. Despite the tremendous benefits it delivers,...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

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...