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

A-Team Insight Blogs

EDM Council Recommends DCAM for GDPR Compliance

If your organisation is still struggling with the data management aspects of compliance with General Data Protection Regulation (GDPR), which comes into force next week, a report from the EDM Council recommending the use of its Data Management Capability Assessment Model (DCAM) may be helpful.

The report, General Data Protection Regulation (GDPR): The Role of Data Management, was developed with 40 practitioners from 24 member firms, including 14 global systemically important banks (G-SIBS) and regional banks.

The report points out that, because the privacy function is executed across the enterprise wherever personal data is managed, compliance to GDPR is only achievable where a comprehensive data management framework is in place. The group concluded that using DCAM provides the structure and critical capabilities for supporting the data and data management requirements of GDPR compliance.

The EDM Council report, along with two supporting documents, GDPR Requirements Analysis Quick Reference Guide and GDPR Work Group Analysis Worksheet, are available online at www.edmcouncil.org.

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