The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Data Management Summit: Meet The Cyber Consultants

A-Team Group’s London Data Management Summit rolls into town next Thursday with a fine line-up of speakers and a showcase presenting fintech innovators that could help firms create business value from their data.

Ahead of the event, we caught up with Rupert Brown, chief technology officer at The Cyber Consultants, to discuss his views on data management problems and how they can be solved with fintech solutions.

Q: What data management problems do financial institutions have that you believe you can solve?

A: We believe we solve the problem of direct traceability from regulations and standards to the evidence that proves compliance in a standardised way even for principles-based regulations, such as General Data Protection Regulation (GDPR), BCBS 239 and the Senior Managers & Certification Regime (SMCR), where there is no standard reporting specification.

Q: Why do firms have this problem?

A: There are 2 reasons: first, until now there has been no standardised way of reporting against principles-based regulations – this is our core IP; second, responses have been typically constructed as ‘fairy stories’ made out of randomly structured ad hoc spreadsheets.

Q: How do you solve the problem?

A: We build dynamic semantically, rigorous models of arguments in pictorial form supported by a set of verification and analysis algorithms that guide users on what they need to do next and the potential areas of risk.

Q: What technology do you use?

A: We use a mixture of COTS graphical design tools and enterprise No SQL data management technologies. We can also partner with most of the new wave of GDPR driven enterprise content analysis toolsets.

Q: How do you fit into a financial institution’s architecture and data flows?

A: Typically, we connect our platform to any/all of a financial institution’s (and other sectors) information/management processing platforms wherever relevant evidence is deemed to exist to support our compliance argument models.

Q: Which emerging technologies do you see as having the most potential to improve data management and why?

A: We have still to see the proper fusion of software defined networking and data management toolsets. When you think about it, all intra and inter-company dataflows occur across a network and therefore management techniques must be derived from understanding, monitoring and controlling those flows, which does not happen today.

Related content

WEBINAR

Recorded Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...

BLOG

SETL Launches Verafide Digital Credentials Platform for KYC, Other Verification Challenges

Blockchain operator SETL’s Verafide subsidiary has launched its open-source platform for verifying digital credentials and identification on the SETL enterprise blockchain, allowing issuers, holders and verifiers to set up and maintain a digital credentials ecosystem. The Verafide platform is aimed at helping firms fulfill their KYC obligations, adopt more seamless and transparent customer onboarding processes...

EVENT

TradingTech Summit Virtual (Redirected)

Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...