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

A-Team Insight Blogs

EDM Council Will Announce Business Plan in September/October

The EDM Council is targeting September or October for its “coming out party”, at which it will present to its membership a business plan for implemention based on the findings of the working groups it established earlier in the year. The working groups were created to progress the enterprise data management priorities identified via the primary research carried out by the council. Says Mike Atkin, managing director of the council: “Our goal is to emerge from the summer with a revised agenda, and turn the working activities into a plan of action worthy of senior management attention. The outcome will define what the council will be working on for the foreseeable future.”
Of primary importance is the activity of the business metrics working group, Atkin believes: as financial institutions push forward with their EDM strategies, they want to measure their success against the data quality and performance objectives they have set. The implementation best practices working group is focusing on practical challenges facing the industry. The efforts of the supply chain working group focus on issues relating to vendor data manufacturing, processes and standards. The regulation and electronic reporting working group has created a standard template to examine the implications of around a dozen regulations from a data management standpoint.

Related content

WEBINAR

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

Global LEI Foundation Aims to Accelerate LEI Adoption by Slashing Prices of the Identifiers to Single Digit Dollars

The Global LEI Foundation (GLEIF) is planning to tear down the cost barrier obstructing widespread adoption of the LEI with the implementation of a validation agent role for banks and financial institutions. Expectations are that frequently contended high prices charged to register an entity for an LEI – by way of example Bloomberg charges $65...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

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’:...