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

A-Team Insight Blogs

RFA Introduces Data Governance as a Service

RFA (Richard Fleischman & Associates) has teamed up with Varonis to provide a data governance solution-as-a-service for the alternative asset sector. The service is subscription based, with monthly costs depending on the number of users, and is available across the US and UK.

The data governance service is a response to customer requests and has been designed to provide enterprise functionality at an appropriate price for alternative asset managers. Grigoriy Milis, chief technology officer at RFA, explains: “Data governance is a hot topic in the alternative asset industry, but best-of-breed solutions designed for enterprise use are cost prohibitive and difficult to manage and maintain for smaller hedge funds. We decided to look for a best-of-breed partner and create a multi-tenanted solution. We looked at a number of products and evaluated their capabilities and ability to be multi-tenanted before selecting Varonis.”

RFA hosts the database and reporting components of the Varonis software on its cloud platform and deploys an agent in the user’s file storage. The agent monitors and logs data access activity, which is aggregated on the cloud, and the service generates real-time alerts of unauthorised data access as defined by permissions and criteria set by the user. The service also provides regular access reports.

The data governance solution has been operational for a few weeks and Milis says he has received over 20 enquiries and expects early implementations soon. The solution is RFA’s second security service released this year, following the introduction of RFA Virtual Chief Information Security Officer (CISO), a partner-based service dedicated to cyber security. These services will be marketed not only in RFA’s traditional US markets, but also in the EMEA region, where RFA set up headquarters in London last year. This year, the company plans to expand into Asia, with an office that will offer cloud services including the data governance solution.

Related content

WEBINAR

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

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes 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...

BLOG

The Reconciliations Revolution: How COVID-19 is Shining a Light on Outdated Technology

By Mark Bolton, Head of Sales, International, Gresham Technologies. Automation was once embraced wholeheartedly by reconciliation departments as companies leaped at the opportunity to integrate the latest efficiency driving technology to bring about change and improvement. However, in more recent times this has been replaced by a mood of complacency and stagnation, characterised by a...

EVENT

RegTech Summit London

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

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...