Data Management Insight Blogs The latest content from across the platform
The Front Office is Not Your Enemy, it’s Your Client, Says WestLB’s Eldridge
In order to receive management buy-in, data management teams need to treat the front office as a client rather than as an enemy, said Michael Eldridge, head of European operations control at WestLB. “We need to dispel the myth that centralised data management is a luxury, build a better business case for investment by measuring…
Alvarez Moves from Asset Control to Interactive Data Reference Data Role
Interactive Data has brought on board Marc Alvarez to oversee reference data infrastructure for its Pricing and Reference Data business. Alvarez joins after a stint at Asset Control, which he joined when that company bought Tap Solutions in April 2007. In his new role as senior director Alvarez will be responsible for the utilization and…
Optimism Abounds at FIMA Data Integration Stream
In spite of – or, indeed, maybe because of – the grim news emanating from the financial pages in recent weeks, enterprise data management practitioners have much to be optimistic about. That was at least the impression given by presenters in the Data Integration stream of the FIMA Financial Data Management Conference Wednesday afternoon. Stream…
Calyon’s Moutot Elaborates on Centralised Counterparty Database Challenge
Calyon has been engaged in a lengthy project to connect its “patchwork of IT systems” for counterparty data and has, thus far, managed to eliminate 30,000 duplicates, said Serge Moutot, the firm’s head of global referentials management. He explained to FIMA delegates that the decision to centralise and integrate counterparty data across the firm was…
An Incremental and Practical Approach to Data Integration is Best, Agrees Golden Copy Repository Panel
In order to ensure that downstream departments remain in synch with central data management projects, firms must adopt an incremental and practical approach to data integration, agreed FIMA’s panel on the practicalities of managing a golden copy repository. Peter Giordano, executive director of institutional equities at Oppenheimer & Co, recommended that firms roll out the…
Keeping it Simple and Using Common Message Standards is Vital, Says Integration Panel
In order to reach the goal of consistency across new best of breed software and legacy systems, firms need to make sure users understand and use common message standards, said Sally Hinds, global head of enterprise data management (EDM) at HSBC. Her fellow panellists agreed that a shared format for all business applications and normalisation…
Netik’s Hale Says Fear Rather Than Greed Driving Institutions to Invest in Data Management
Keith Hale, executive vice president and co-founder of Netik, opened the second day of FIMA 2008 by quoting Warren Buffet in a data management context: “Financial markets are either driven by greed or fear, according to Warren Buffet, and it seems that recent times have flipped the driver from greed to fear. This fear is…
Make Data Management Tangible for Executives in Order to Secure Funding, advises Oppenheimer’s Giordano
If you’re going to take a federated approach to data management in order to solve issues, such as regulatory compliance, Peter Giordano of Oppenheimer & Co. advised delegates at FIMA 2008 that you make your business case tangible by including such things as “neat analytics” or dashboards for the front office, in order to help…
Will SLA’s be Re-Evaluated After Tumultuous Times Highlight Response Issues?
Service level agreements were a key topic in this morning’s roundtable discussions at FIMA 2008, with one data manager at a Tier 1 financial institution suggesting that many SLA’s are now likely to be revisited in order to achieve better responses from their data suppliers after the current market conditions highlighted the need for faster…
New Regulations Will Impact Data Management; But Industry Not Talking To Each Other Enough to Fix the Problems
There are going to be a slew of upcoming regulations post credit-crunch and industry collaboration will be essential to address data management processes needed to comply, according to a panel of industry practitioners at FIMA. But progress to date has been slow, and industry bodies and participants are not talking to each other enough to…