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

EDM Council Brings InvestTech Systems Consulting into the Fold

Subscribe to our newsletter

It has been a while since the last new member joined data industry group the EDM Council, although its faithful following remain committed to the data management cause. This week investment technology, operations and data management solution consultancy InvestTech Systems Consulting has joined the fold.

For those readers that may have been out of the loop over the last five years, the EDM Council is the not for profit business forum concerned with championing the goals of enterprise data management and promoting standardisation in the data world. Although it began life as a vendor driven forum, industry practitioners have since joined and it currently has 39 member institutions in total, including banks such as Barclays and Credit Suisse.

InvestTech has joined the industry group with a view to sharing its hands-on implementation experience in rolling out data management solutions within financial institutions, says Jeremy Hurwitz, co-founder and principal of the consulting firm. “We have worked with investment management firms over the past 10 years to develop and implement practical solutions that achieve enterprise-wide control over data content. Financial firms have evolved beyond reference data and have embraced enterprise-wide data solutions,” he contends.

Hurwitz is hoping that the EDM Council will also provide his own firm with insights into current “challenges and opportunities” in the market. The rationale behind this is likely getting closer to its current and prospective customers that are already members of the group and finding out what they are looking for from vendors and service providers.

The industry body has been particularly vocal about its support of the proposals surrounding the European Central Bank’s (ECB) reference data utility and the establishment of the US National Institute of Finance (NIF) over recent months. It will be interesting to see InvestTech’s take on these proposals, after all, a forum is nothing without debate.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Data Fabric vs. Data Mesh: 10 Companies Provisioning Modern Data Architectures for Enterprise AI

As institutions absorb ever greater volumes of data to meet their increasingly complex operational needs and those of regulators, they face a dilemma of how to store and distribute that critical information. Fragmented legacy systems have long been an impediment to the smooth management of data and now corralling multiple-cloud configurations can be added to...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...