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’s Atkin Seeks To Elevate Industry Discussions

Subscribe to our newsletter

Freshly installed as managing director of the Enterprise Data Management Council, former FISD chief Mike Atkin says he’s embarked on a programme to raise the level of discussion of enterprise data issues within the industry, kicking off with council meetings in New York and, this month, London.

Atkin reckons the industry is at the stage of setting priorities for its enterprise data projects, having spent the past five years ago grappling with the “logical rationale” of identifying the need, defining and ultimately conducting enterprise data projects. The EMD Council, he says, thus aims to help define the issues and set the agenda for what Atkin refers to the second of three phases before it reaches the Nirvana of enterprise/industry data management, a task that ultimately requires involvement of C-level executives.

This second phase – involving setting priorities for actual data management projects – includes setting objectives, performing current-state analysis, creating internal governance structures, and implementing project management disciplines.

At its general meeting in New York last month, Atkin presented the EDM Council’s view to 22 representatives from 21 member firms, including Credit Suisse, Vanguard, Franklin Templeton and Morgan Stanley. He has also posted a white paper – EDM: Making the Transition from Why to How – on the council’s web site at www.edmcouncil.org.

At the New York meeting, the council’s two working groups – the Business Case Working Group and the Implementation Best Practices Working Group – also presented their initial findings. The Business Case Working Group identified four key drivers impacting the business case for enterprise data management projects: risk, regulation, operational commitment and the composite view. The Implementation Best Practices Working Group, meanwhile, presented its conclusion that governance is the single most important requirement for successful EDM.

The EDM Council is sponsored by BearingPoint, Inc., Cicada Corp., IBM, GoldenSource Corp. and SunGard, and now has 43 user-firm members. The council’s sponsorship by a relatively small group of vendor organizations has raised questions about its validity as a genuine industry trade association. However, Atkin acknowledges the challenge of attracting more participants to the council, and the boost to credibility of ensuring that it remains inclusive and neutral. He says he is open to discussions with more vendor organizations about membership.
As reported, Atkin recently assumed the managing director role at EDM Council after a brief stint at generic content industry research group Outsell Inc. (Reference Data Review, February 2006). Before that, he had led the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) for several years, spearheading the trade group’s focus on the adoption of standards within the financial information services segment.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Defensibility: The New Watchword for Data Management

George Tziahanas, VP of Compliance at Archive360. Regulated enterprises are discovering that the hardest part of scaling new technology such as AI isn’t adoption; it’s proving those technologies are properly controlled. For financial institutions in particular – including banks, asset managers, insurers, and capital markets firms – this challenge is intensified by long-standing regulatory expectations...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...