About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Keep Your Data Vendors Close and Your Users Closer, Deutsche Bank EDM Head Says

Subscribe to our newsletter

Success in enterprise data management (EDM) programmes is dependent on education – of internal users, of data vendors and of the EDM team itself. So said Jim McCarthy, EDM programme manager at Deutsche Bank, speaking at FIMA 2007 in London earlier this month.

“It’s a constant for us to ensure we can describe our data, that people understand what we have and how to use it, and that they have tools to easily use it, where possible in a self-service way,” he told delegates. “A lot of the issues we face are due to users having ready access to data but finding out further down the line that there is a vendor or set of attributes that could have better fulfilled their purpose.”

A firm’s relationship with its data vendors should be one of mutual education, he suggested. “We have built up very strong relationships with our data vendors,” McCarthy added. “We meet regularly. We educate them, they educate us. We make sure we are clearly in line with product releases and that we understand the impact of any changes on our users. And we make sure the data metrics we have created are clear to our vendors.” There is also a focus on ensuring these metrics are “pushed through to our users, so people have transparency on how data quality is achieved”, he continued.

McCarthy told the FIMA audience that “maintaining good working relationships with operations is vital”. “We need to understand how our data flows through their systems.” Under the auspices of the bank’s EDM programme – run by a steering committee that prioritises work and co-ordinates the management of larger change programmes while accommodating with the rapid time to market demands of tactical pieces of work – an effort has been undertaken to identify strategic projects within business lines “with a strong reliance on the quality of our data”, he said. “Once we identify a service with a dependency, we use our reporting to track the external and internal performance of our group and vendor groups,” he added, warning: “None of this works unless you can start to show value.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Building and Scaling Data Products and Marketplaces to Deliver ROI

Date: 10 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Financial institutions hold some of the richest data in any industry, but much of it is hard to find, hard to trust and slow to reach the teams that need it. As they scale their AI and analytics programmes,...

BLOG

BBH Subsidiary Braid Seeks to Fill Data Transformation Hole for Financial Institutions

As data is distributed throughout an enterprise, it has to be integrated with a variety of technologies in order to bring efficiencies to different workflows. This can create a lot of manual overhead, particularly in organisations with fragmented legacy tech systems. While bolt-on point solutions exist, they tend to be custom-built for particular use cases...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...