Data Management Insight Data Quality The latest content from across the platform

Datactics Moves into Iceland with Contract Win at Arion Bank

Datactics has won its first customer in Iceland, Arion Bank, which will use the company’s RegMetrics and Single Customer View data quality solutions to support an enterprise data management programme. The bank selected Datactics after a competitive vendor selection process that included a technically demanding and tightly specified proof of concept across three departments, each…

Datactics LEI Match Engine Provides Free LEI Health Check Service

Datactics is offering a free LEI health check service that helps banks and asset managers ascertain the data quality of company information they hold in a legal entity master. The release of the service could not be better timed, with the MiFID II requirement for all counterparties to transactions to have a valid LEI coming…

How to Maximise Datasets Created by MiFID II

MiFID II generates about three trillion new data points, begging the question of how financial institutions will maximise their use of new data sources created by the regulation. But how useful is the data six months into MiFID II, what challenges does it present, and will there be winners and losers among firms that can…

Improving Operational Efficiency in the Data Management Process

By: Hugo Boer, Senior Product Manager, Asset Control As the financial services industry starts to harness a raft of new data sources for fast, effective and usable insights, the bottleneck for financial institutions becomes how well they really understand their data management processes. How many firms, for example, can answer the following questions: Do we…

A Strategic Approach to BCBS 239 Implements Best Practice Data Management and Promises Business Benefits

BCBS 239 compliance is a challenge and its January 1, 2016 deadline for global systemically important banks is fast approaching, but successful implementation of the regulation’s principles, particularly those covering risk data aggregation, can deliver significant business opportunities. These include cost and capital savings, data rationalisation, improved data quality and links between datasets that have…

Finding a Balance Between Standards and Flexibility in Data Architecture

The integration of standards and flexibility into data architecture is an ongoing challenge for financial firms that must not only improve operational efficiency, but also sustain adaptability to support business and regulatory change. Both are important, but potentially opposed to each other, begging the question of how best to find an optimal balance between standards…

Opinion – Tougher Stress Tests Bring Banks to an Impasse: Revolutionise or Fail

By Peter Ku, Senior Director of Global Financial Services, Informatica Just before Christmas, the results of the first stress testing exercise for the UK banking system were revealed. The test scenarios modelled a financial doomsday, in which the housing market crashes, unemployment spikes and inflation rises. The aim of the exercise was to determine which…

SunGard Details Cost and Compliance Issues of BCBS 239

The Basel Committee regulation BCBS 239 could cost the financial services industry $1.5 billion to $2 billion a year as firms remodel their IT architectures to meet the demands of the regulation’s 11 principles – but while the cost of compliance is high, the regulation is a game changer and could improve firms’ profitability. The…

Markit | Genpact KYC Services Builds Out Offer and Names Ex-Goldman Sachs Exec Jon May as CEO

Markit | Genpact KYC Services has marked six months of operation with the appointment of former Goldman Sachs executive Jon May as CEO, the registration of more than 600 buy-side firms and corporations with its Know Your Customer (KYC) service, and the development of workflows that allow large asset managers operating thousands of funds to…

Sun Street Taking a Different Approach to Data Governance

With an increasing industry focus on data governance, one vendor has been taking a different approach to managing data quality from a business point-of-view by providing exceptions workflow, a range of data enquiry tools, and ‘what-if’ scenarios for data sourcing, all of which sit on top of a financial institutions’ existing data architecture. Sun Street…