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

How to Transform Data Governance by Redefining and Reskilling the Organisation

Subscribe to our newsletter

By Dennis Slattery, CEO, EDMworks

Change is constant and unrelenting, and the causes are many and varied: challenger banks, fintech, regtech, cost pressure, cryptocurrencies, regulation and emerging technologies are just a few examples, with many more on the horizon.

Organisations have to deal with change, so how can they do this and what is the best approach?

All financial services companies have data at their heart. The approach to dealing with change has to ensure that curation and use of data is improved and the value of data to the organisation and its customers is increased over time.

Tactical approaches generally fail to increase the value of data to the wider enterprise. In fact, tactical approaches often diminish value by creating duplication, which in turn creates doubt and lack of trust in data. Trust is the foundation of any financial firm, so loss of trust is a serious matter.

Data is of systemic value to an organisation, requiring an approach to managing data in response to a series of internal and external changes to also be systemic. In EDMworks’ latest white paper, ‘Transform your Data Governance by Redefining and Reskilling the Organisation’, we explore the challenges facing organisations, share new insights into data, and describe how organisations need to adapt systemically, at all levels. In this way, managing data becomes part of the DNA of the company and an intrinsic part of its culture and processes.

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

Twelve Leading Data Lineage Solutions for Capital Markets

The ability to trace the journey of data from its origin to its final report is no longer a luxury but a regulatory and operational necessity. As firms grapple with the intensifying requirements of regulations such as BCBS 239, GDPR and the shifting landscape of MiFID II, the “black box” approach to data management has...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...