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

A-Team Insight Blogs

EDM Council Swells Ranks at Second Meeting

The Enterprise Data Management (EDM) Council attracted a number of new members at its second meeting, held earlier this month. New members include ABN Amro, Barclays Capital, HSBC, M&G and Nomura, and bring the total membership to 39, representing 25 user firms and 12 members from the five founding vendor sponsors: Cicada, BearingPoint, GoldenSource, IBM and SunGard.

Key areas discussed at the most recent meeting included the importance of accurate customer and counterparty data and challenges to standardizing data management processes across the firm. A survey conducted at the meeting found that 90% of members consider EDM implementation and organization best practices among the top three priorities for their organization in 2006. Two working groups will present their initial research on these topics at the next meeting.

The goal of EDM is to standardize and integrate reference and transaction data in the categories of securities, customers, counterparties, transactions and positions.

The council promotes EDM and related standards while providing assistance on data management issues to its members.

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Alveo and AquaQ Partner to Integrate Alveo Prime with AquaQ kdb+

Alveo and AquaQ Analytics have partnered to offer advanced data management and analytics for financial services firms. An early deliverable is the integration of Alveo’s Prime data mastering and data quality management solution with AquaQ’s kdb+ data capture solution. The bi-directional integration allows users to take mastered pricing and reference data from Prime into kdb+...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...